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Banking & Finance - Bank Lending/Credit Facilities

King & Wood Mallesons SJ Berwin advises Eurazeo PME on the senior banking financing of the acquisition of Colisée group

13 Oct 2014

King & Wood Mallesons SJ Berwin advised Eurazeo PME on the senior banking financing of the acquisition of Colisée group and the establishment of external growth facilities for a total amount of €170 million.

At the end of the closing, the investment firm Eurazeo PME, a subsidiary of Eurazeo dedicated to majority investments in French SMEs, invested €70 million and became a majority shareholder in Colisée group, with a 64% equity stake alongside its founder Patrick Teycheney, and Christine Jeandel who will now act as Chairman of the group.

King & Wood Mallesons SJ Berwin advises Capzanine on the financing of the acquisition of Asdia by AMS

09 Oct 2014

King & Wood Mallesons SJ Berwin advised Capzanine on the unitranche financing of the acquisition of Asdia by AMS from the CeeD (Centre Européen d’Etude du Diabète), as well as on the refinancing of the debt of AMS.

To finance this build-up, AMS reviewed the financing of its LBO, initally based on a senior and mezzanine debt, chosing an unitranche loan provided by Capzanine.

Shearman & Sterling Advises Avenue Capital on Unitranche Financing of Acquisition of Rademacher Group

08 Oct 2014

Shearman & Sterling advised Avenue Capital on the financing of the acquisition of Rademacher Group by private equity firms Cross Equity Partners and PINOVA Capital. The funding was provided in the form of a unitranche and a “super senior” revolving credit facility granted by KBC Bank.

Rademacher, the Germany-based manufacturer of smart home automation systems, has been sold by private equity investor NORD Holding. It has been agreed that the purchase price and debt volume will remain undisclosed.

Hexagon enters into credit facility agreement with bank syndicate

08 Oct 2014

Hexagon AB has signed a EUR 2.0 billion Multicurrency Revolving Credit Facility agreement with a syndicate of banks. The new credit facility will be used to refinance existing facilities as well as for general corporate purposes.

Hexagon is a leading global provider of integrated design, measurement and visualisation technologies. The company has more than 15,000 employees in more than 40 countries and net sales of approximately EUR 2.5 billion. The Hexagon share is listed on Nasdaq Stockholm.

Orrick Advises Wells Fargo in Financing for Synaptics’ Acquisition of Renesas

07 Oct 2014

Orrick represented longstanding client Wells Fargo Securities, LLC, as sole lead arranger, and Wells Fargo Bank, National Association, as administrative agent, in connection with the extension of $300 million in senior secured credit facilities (comprised of a term loan facility and revolving facility) to finance the acquisition by Synaptics Incorporated, a leading developer of human interface solutions, of Renesas SP Drivers, Inc., a Japanese company that supplies small and medium sized display driver ICs for smartphones and tablets.

Ashurst advises Cross and PINOVA on the financing of the acquisition of Rademacher Group

07 Oct 2014

Ashurst advised the private equity firms Cross and PINOVA Capital on the financing of the acquisition of Rademacher Group. The financing was provided in the form of a unitranche granted by Avenue Capital and a super senior revolving credit facility granted by finance group KBC. The manufacturer of smart home products was sold by German private equity firm Nord Holding. Nord Holding had acquired the group in 2007 together with the founder, Wilhelm Rademacher, and the management from finance investor Arcadia.

DLA Piper advises Oakley Capital on Tomasoni Topsail acquisition and related equity arrangements

06 Oct 2014

DLA Piper has advised Oakley Capital on the acquisition of Tomasoni Topsail S.p.a. ("Tomasoni") by its portfolio company North Technology Group and on the related structuring and equity arrangements. Tomasoni holds the exclusive license to manufacture and distribute North Sails branded clothing throughout Europe and Asia.