King & Wood Mallesons has advised iconic British hair styling business ghd (good hair day) on the issue of its £165 million 7.00%.six-year senior secured notes. The UK maker of hair products will use the proceeds to refinance £125.4 million of bank debt and repay £36 million of shareholder loans and £8 million of fees and expenses.

ghd was purchased by Lion Capital, a leading private equity firm and longstanding client of the firm, in 2013.

Ian Borman, EU Head of Acquisition Finance King & Wood Mallesons SJ Berwin, said: “This transaction is one of a number of complex, cross border financing transactions that we are currently advising on, both in the capital markets and traditional bank debt. The high yield capital market is performing well at the moment, but we are also seeing a resurgence of European banks funding institutional tranches, including in the form of term loan B. Following our combination with King & Wood Mallesons it is fantastic to see lawyers from across the firm pulling great results together for our clients”.
The full King and Wood Mallesons team was comprised of:

United Kingdom

 >  Ian Borman, EU Head of Acquisition Finance
 >  Simon Fulbrook, Finance partner
 >  Natalie Carter, Finance associate

Italy

 >  Ettore Scandale, Corporate partner
 >  Stefano Dettoni, counsel

France

 >  Olivier Vermeulen, Finance partner
 >  Margaux Baratte, Finance associate
 >  Marc Zerah, Finance associate

Germany

 >  Clemens Neidner, Finance partner
 >  Sebastian Schrag, Finance partner
 >  Michael Beyer, Finance partner

Spain

 >  Joaquin Sales, Finance partner
 >  Yasmina Frasquet, Finance partner
 >  Borja Oxangoiti, Finance partner

Australia:

 >  Richard Hayes, Acquisition Finance partner
 >  Tony Lui, Debt Capital Markets senior associate
 >  Kenny Chen, Debt Capital Markets associate