Experience

• • Relevant parties in the financing aspects of the £2.5 billion acquisition of 337 petrol forecourts in the UK, and more than 400 associated sites.
  • B&M in the offering of £250 million of 8.125% senior secured notes due 2030, as well as the concurrent tender offer of a portion of its existing 3.625% senior secured notes due 2025.
  • The Evercare Group in equity and debt financing aspects of its sale of a majority shareholding in CARE Hospitals to private equity funds managed by Blackstone.
  • Avenue Group, the Kenyan healthcare provider, in financing aspects of an investment by IFC.
  • B&M in the refinancing of its existing senior credit facilities with a new senior facilities agreement, which comprises a £225 million term loan facility and a £225 million revolving credit facility.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisitions of Atalian and OCS to create a global facilities management platform.
  • Market Bidco Finco Plc, an indirect subsidiary of funds managed or advised by Clayton, Dubilier & Rice, in the offerings of £1.075 billion and €545 million of senior secured fixed rate notes relating to the financing of CD&R’s acquisition of Wm Morrison Supermarkets Limited.
  • Certain holders of second lien term loans issued by Integro Parent Inc., part of Tysers Insurance Brokers, Ltd., a leading Lloyds independent broker, in a transaction under which AUB Group Limited will acquire Tysers from Odyssey Investment Partners for $615.2 million.
  • Resolution Life, a global life insurance group, in its $2 billion multicurrency term and revolving facility agreement in connection with its reinsurance of $35 billion in fixed indexed annuities of Allianz Life.
  • Clayton, Dubilier & Rice, Huntsworth and Sharp in obtaining $787.5 million in debt financing for Huntsworth’s spin-off of Sharp.
  • Clayton, Dubilier & Rice in its offering and sale of £1.2 billion 6.75% senior notes due 2029 in connection with the financing aspects of Clayton, Dubilier & Rice’s £7 billion acquisition of Morrisons.
  • PJSC Polyus in its issuance and placement of new ordinary shares by way of closed subscription for approximately $81 million.
  • The Evercare Group in financing arrangements for the acquisition of CHL Hospitals and CIIGMA Hospitals.
  • PJSC Polyus in its $700 million Eurobond offering of 3.25% notes due 2028 and a related tender offer for outstanding notes due 2023 and 2024 for the aggregate principal amount of $605.3 million.
  • Clayton, Dubilier & Rice in financing aspects of its £7 billion recommended cash offer for Morrisons.
  • Ambac in the issuance and sale by Sitka Holdings, its newly formed special purpose entity, of its $1.175 billion aggregate principal amount of LIBOR plus 4.50% Floating Rate Senior Secured Notes due 2026.
  • NLMK in its €500 million Eurobond offering of 1.45% notes due 2026 and a related tender offer for outstanding notes due 2023 and 2024 for the aggregate principal amount of $470.6 million.
  • Clayton, Dubilier & Rice in the financing aspects of its $3.7 billion take-private acquisition of UDG Healthcare.
  • Clayton, Dubilier & Rice in the financing aspects of its £308 million acquisition of Wolseley UK, a leading distributor of plumbing, heating and climate products.
  • AIG's Lloyd's Syndicate 2019 in its Tier 1 Funds at Lloyd's facility.
  • Aveva Group, a global leader in industrial software, in the financing aspects of its $5 billion acquisition of OSIsoft.
  • B&M in its £400 million bond offering of 3.625% senior secured notes due 2025, and its related refinancing of its existing senior credit facilities with a £455 million senior secured facilities agreement.
  • GreyCastle in the financing aspects of its sale to Monument Re.
  • Clayton, Dubilier & Rice in the financing and tax aspects of its £400 million acquisition of Huntsworth.
  • A consortium of private equity investors in the financing aspects of the proposed acquisition through a competitive auction of equity interests in a privately-held insurance company in China.
  • Norilsk Nickel in the increase and extension of its unsecured syndicated facility, originally for up to $2.5 billion and signed in December 2017, with a syndicate of 25 international banks for up to $4.15 billion.
  • Lovell Minnick in the financing aspects of its take-private deal for Charles Taylor, a leading provider of professional services to the global insurance market.
  • Linkem in its €125 million senior secured notes due 2022.
  • Kalle Management GmbH, a Clayton, Dubilier & Rice portfolio company, in the restructuring of its various finance arrangements.
  • NLMK in its $500 million Eurobond offering of 4.70% notes due 2026.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisition of a controlling interest in Westbury Street, a leading independent contract caterer and hospitality services provider in the UK.
  • Resolution Life, a global life insurance group focusing on the acquisition and management of portfolios of life insurance policies, in the financing aspects of its revised AUS$3.0 billion acquisition of AMP Life.
  • Motor Fuel Group in the financing and tax structuring of its £1.2 billion acquisition of MRH, the UK's largest petrol station and convenience retail operator.
  • Solenis, a Clayton, Dubilier & Rice portfolio company, in the financing aspects of its combination with BASF's paper and water chemicals business.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisition of Carestream Dental, the digital dental business of Carestream Health.
  • AIA Group in its $500 million offering of 3.90% notes due 2028.
  • PJSC Polyus and its indirect subsidiary Polyus Finance in the issue of $250 million senior bonds convertible into global depositary receipts representing ordinary shares of PJSC Polyus.
  • Norilsk Nickel in its up to $2.5 billion syndicated term loan facility with an international syndicate comprising 17 banks and financial institutions.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisition of a 40% ownership interest in Belron, which valued the company at €3 billion.
  • A European direct lending fund as provider of second lien debt to finance an acquisition by a major sponsor of a human resources company.
  • A European direct lending fund on its second lien financing to finance the acquisition by a major sponsor of a global pharmaceuticals company.
  • Two direct lending funds as providers of junior financing to support the acquisition by a major private equity firm of an international group of companies with subsidiaries in the United States, Europe and Asia providing a wide range of outsourcing services, primarily for the automotive industry.
  • Metropolitan Life Insurance Company as lender in the privately placed AUS$100 million senior secured notes for InvoCare Limited.
  • Aflac as lender in a series of loan and bond transactions.
  • NLMK in its $500 million Eurobond offering of 4% notes due 2024, and a related tender offer for outstanding notes due 2018 and 2019 for the aggregate principal amount of $317 million.
  • FountainVest in its subscription line facility with CitiBank for FountainVest China Capital Partners Fund III.
  • Prudential Financial in its life insurance joint venture with CT Corp in Indonesia.
  • Motor Fuel Group in the upsizing and repricing of its £360 million facility to a £565 million facility.
  • AIA Group in its $500 million offering in Taiwan of 4.47% senior unsecured fixed rate notes due 2047.
  • NLMK and its U.S. subsidiaries in a $250 million ABL facility.
  • Norilsk Nickel in its $500 million credit facility with a syndicate of international banks.
  • Canada Pension Plan Investment Board in the debt financing aspects of its $1.1 billion acquisition of Ascot from American International Group.
  • Apex Fund Services in its $40 million credit facility with Highbridge Principal Strategies.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisition of BUT, the largest furniture retailer network in France, in a 50:50 partnership with WM Holding, a company related to the XXXLutz Group.
  • NLMK in its $700 million Eurobond offering of 4.5% loan participation notes due 2023, and a related tender offer for its outstanding notes due 2018 and 2019 for the aggregate principal amount of $571 million.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisition of Kalle.
  • NLMK in its $400 million pre-export finance facility.
  • Norilsk Nickel in its $1 billion Eurobond offering of 6.625% notes due 2022.
  • Clayton, Dubilier & Rice in the financing aspects of its approximately £500 million acquisition, alongside management, of Motor Fuel Group.
  • SPIE in the financing aspects of its initial public offering.
  • NLMK Europe Plate Division in its €250 million revolving collateralized credit facility.
  • Uralkali in its up to $800 million pre-export finance facility with a syndicate of eight international banks.
  • Haversham in the debt financing aspects of its approximately £1.2 billion acquisition of British Car Auctions.
  • TA Associates in the financing aspects of its acquisition of Access Technology Group.
  • SPIE in the €2.16 billion refinancing of its existing debt.
  • Morgan Stanley, as financial advisor to NASDAQ-listed life science and technology company Sigma-Aldrich, in the $17 billion acquisition of Sigma-Aldrich by Merck KGaA.
  • Clayton, Dubilier & Rice in the financing aspects of its €1.2 billion acquisition of Mauser Group, one of the world’s leading industrial packaging companies.
  • Exova in the financing aspects of the company’s £220 million initial public offering.
  • Clayton, Dubilier & Rice in the £585 million senior secured credit facilities for its investment in B&M Retail.
  • Rexel in its concurrent €650 million offering of 5.125% senior notes and $500 million offering of 5.250% senior notes, both due 2020.
  • Oaktree Capital Management in the establishment of a revolving credit facility for certain portfolio companies within its European Principal Opportunities Fund III.
  • NLMK in its $800 million Eurobond offering of 4.45% notes due 2018.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisition of a significant stake in B&M Retail.
  • WMG Acquisition in the incurrence of a $600 million “covenant lite” secured term loan facility and a $150 million secured revolving facility, as well as the issuance of $500 million 6.00% Senior Secured Notes due 2021 and €175 million 6.25% Senior Secured Notes due 2021 to refinance $1.25 billion of its secured notes.
  • NLMK in its debut $500 million Eurobond offering of 4.95% notes due 2019.
  • Reynolds Group in its $3.25 billion offering of 5.75% senior secured notes due 2020, at the time the third-largest single-tranche issue on record in the high-yield market and the largest issue since 2008.
  • Stone Point Capital in the sale, to Lockton, of a minority stake in Lockton's international operations.
  • SPIE in its €375 million offering of 11% senior notes due 2019.
  • Rexel in its $500 million offering of 6.125% senior notes due 2019.
  • Universal Cargo Logistics Holding in its $4.2 billion acquisition of Freight One and the related $3.75 billion financing provided by a syndicate of banks.
  • Clayton, Dubilier & Rice, AXA Private Equity and Caisse de dépôt et placement du Québec in the financing aspects of their €2.1 billion acquisition of SPIE from PAI Partners, which included a €1.335 billion senior term and revolving credit facility and a €375 million bridge loan.
  • Exova in its £155 million high-yield offering of 10.5% senior notes.
  • American International Group in the proposed sale of AIA Group Limited to Prudential plc for $35.5 billion. (Terminated)
  • Clayton, Dubilier & Rice in the senior and mezzanine financing of its acquisition of British Car Auctions.
  • Reynolds Group in the financing aspects of its acquisition of Reynolds Consumer Products and Closure Systems International and associated financings and refinancings, a group of transactions valued at $3.2 billion.
  • AAC Capital Partners in its sale of a $1.5 billion investment portfolio to a group of investors led by Goldman Sachs Asset Management.
  • Clayton, Dubilier & Rice in the financing aspects of its £417 million acquisition of Bodycote Testing Group (now Exova) from Bodycote.
  • NLMK in its $1.6 billion pre-export credit facility.
  • Clayton, Dubilier & Rice in the financing aspects of its £1.3 billion sale of Brakes, a leading foodservice distributor in the UK and France, to Bain Capital.
  • Clayton, Dubilier & Rice, BAML Private Equity and Carlyle in the European $2.9 billion asset-based financing of the $15 billion acquisition of The Hertz Corporation.
  • Merrill Lynch Global Private Equity and Bank of America Capital Partners on the senior, second lien and mezzanine financing of their acquisition, and subsequent sale, of N&W Global Vending.
  • Clayton, Dubilier & Rice, Eurazeo and BAML Private Equity, in the €2.4 billion senior financing and €600 million high-yield offering for the €3.7 billion acquisition of Rexel.
  • Clayton, Dubilier & Rice on the acquisition of the Culligan Group and the related New York law-governed $325 million bank credit agreement and €185 million European high-yield offering.
  • Catlin Group in $500 million facilities for the acquisition of Wellington Underwriting.
  • Rank Group in the financing aspects of its acquisition of the SIG Group, a Swiss-based packaging company. The financing consisted of senior facilities of €825 million in aggregate, a subordinated bridge facility of €770 million and a €900 million high-yield bond facility.
  • BCA in the financing aspects of its acquisition of We Buy Any Car.
  • SPIE in the restructuring of its senior facilities for the purpose of a material acquisition.
  • Exova in its raising of an acquisition facility for the purpose of a specific acquisition.