Ashurst advised a syndicate of senior lenders including Rabobank, Goldman PIA, Bank of Ireland, BNP Paribas, HSBC, ING, RBS and Societe Generale on the increase of senior debt facilities made available to the Pret a Manger group to approximately £570 million.

UK-headquartered, Pret a Manger, is a leading retailer of high quality, natural, ready-to-eat sandwiches, salads and drinks with over 350 stores worldwide. It was acquired by private equity house Bridgepoint Capital in 2008, with Ashurst advising the lenders on the original acquisition financing and the subsequent refinancing in 2013.

The Ashurst team advising on the deal was led by banking partner Ewen Scott, assisted by senior associate Laura Ho, and associate Emma Kerr.