Experience

• • Stone Point Credit and Benefit Street Partners, a global alternative credit asset manager, in a $200 million private credit facility and a $75 million revolving credit facility provided to Flow Traders, a global trading firm.
  • CD&R in the financing aspects of its sale of a minority stake in Motor Fuel Group to a group of leading institutional investors including Apollo-managed funds and a number of CD&R’s existing limited partners.
  • Morrisons in its group’s offering of £500 million 8.75% senior secured notes due 2031 and €500 million 6.75% senior secured notes due 2031, and the related tender offers for a portion of its group’s existing sterling-denominated 5.5% senior secured notes due 2027 and euro-denominated 4.75% senior secured notes due 2027.
  • Wolseley Group, a Clayton, Dubilier & Rice portfolio company, in its offering of £350 million of senior secured notes due 2031, and refinancing of its £305 million ABL credit facility.
  • B&M in its offering of £250 million aggregate principal amount of 6.500% senior secured notes due 2031.
  • Wm Morrison Supermarkets, a Clayton Dubilier & Rice portfolio company, in the amendment and extension of its term loan facilities and revolving credit facility.
  • Clayton, Dubilier & Rice in the financing aspects of its bid for a controlling stake in Opella, the French-headquartered consumer healthcare company, valuing the company at c.€16 billion.
  • Wm Morrison Supermarkets in the successful completion of its debt reduction exercise.
  • 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.
  • 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.
  • 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.
  • Clayton, Dubilier & Rice in financing aspects of its £7 billion recommended cash offer for Morrisons.
  • 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.
  • A leading Asian real estate fund in its $200 million secured subscription financing.
  • Canada Pension Plan Investment Board in the debt financing aspects of its $1.1 billion acquisition of Ascot from American International Group.
  • A mid-market equity fund managed by EQT in €400 million of subscription facilities.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisition of Kalle.
  • Sacturino in its $5.5 billion loan facility for its take-private acquisition of Polyus Gold (valuing the company at approximately $9 billion).
  • Haversham in the debt financing aspects of its approximately £1.2 billion acquisition of British Car Auctions.
  • Baring Private Equity Asia on fund, tax structuring and intercompany financing matters related to the $304 million initial public offering of Nord Anglia Education and a related debt refinancing for the Nord Anglia group.
  • 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.
  • 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.
  • 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.