Paul Hastings advised Morgan Stanley, Goldman Sachs and UBS Investment Bank in connection with the financing of the acquisition by private equity firm Centerbridge Partners, L.P. of a 40% interest in, and the related recapitalization of, syncreon Ireland B.V., a specialized provider of integrated logistics services to global industries, which, following the consummation of such transactions, will be indirectly controlled by a fund affiliated with GenNx360 Capital Partners, L.P., investment funds sponsored by Centerbridge and certain other investors.

The financing included $625 million senior secured credit facilities, in which Morgan Stanley acted as agent, and Morgan Stanley, Goldman Sachs and UBS Investment Bank acted as lead arrangers. Paul Hastings also advised on the $225 million high yield offering, in which Goldman Sachs, Morgan Stanley and UBS Investment Bank acted as initial purchasers.

Leveraged Finance partners Richard Farley, Michael Chernick and Jeffrey Pellegrino led the Paul Hastings team, which also included Leveraged Finance associatesChris Ross, Ed Holmes, Valerie Silverman, Sun Kim and Max Rosenberg.