Ashurst LLP advised LGT European Capital Ltd regarding the financing of the acquisition of the 5àSec Group by Bridgepoint.

Bridgepoint took over the French 5àSec Group. A debt fund run by LGT European Capital (Etienne Haubold, Thomas Hervé, Cécile Loiseau) financed this unitranche debt transaction. It was completed on 17 October 2017.

5àSec is the world leader in dry cleaning and laundry services. It gathers more than 1,700 stores in 31 countries.

The Ashurst Paris team was led by finance partner Pierre Roux, assisted by senior associate Thomas Ehrecke, associates Orane Mikolajayk, Arnaud Moulin, and lawyer Elodie Soler; tax partner Emmanuelle Pontnau-Faure, and corporate senior associate Séverine Gallet.