Nitya Vashishtha, Author at Legal Desire Media and Insights https://legaldesire.com/author/nitya/ Latest Legal Industry News and Insights Thu, 07 Nov 2024 20:42:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://legaldesire.com/wp-content/uploads/2018/11/cropped-cropped-cropped-favicon-1-32x32.jpg Nitya Vashishtha, Author at Legal Desire Media and Insights https://legaldesire.com/author/nitya/ 32 32 Linklaters advises Rhône on the inaugural HY issuance by ASK Chemicals https://legaldesire.com/linklaters-advises-rhone-on-the-inaugural-hy-issuance-by-ask-chemicals/ Thu, 07 Nov 2024 20:42:59 +0000 https://legaldesire.com/?p=84767 Linklaters acted for ASK Chemicals (a Rhône portfolio company) on its €325 million secured notes and €40 million revolving credit facility. ASK Chemicals is one of the leading global suppliers of specialty chemicals and consumables, with its business contributing to mission-critical parts and equipment for a number of end markets, including vehicles, equipment, infrastructure, power […]

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Linklaters acted for ASK Chemicals (a Rhône portfolio company) on its €325 million secured notes and €40 million revolving credit facility.

ASK Chemicals is one of the leading global suppliers of specialty chemicals and consumables, with its business contributing to mission-critical parts and equipment for a number of end markets, including vehicles, equipment, infrastructure, power generation, agriculture, and various industrial applications, including friction, abrasives, coatings, impregnation and refractory.

The proceeds from the transaction refinanced in full the OpCo secured private debt and part of a HoldCo PIK instrument (put in place to finance a tack-on acquisition in 2021).

The transaction was led by partners Alek Naidenov and Tom Waller, with managing associate Imogen Bailey and associates Victoria Dodev and Dami Banire.

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Linklaters advises Compass Group in France on the acquisition of Dupont Restauration, one of the leaders in contract catering in France https://legaldesire.com/linklaters-advises-compass-group-in-france-on-the-acquisition-of-dupont-restauration-one-of-the-leaders-in-contract-catering-in-france/ Thu, 07 Nov 2024 20:41:52 +0000 https://legaldesire.com/?p=84765 Linklaters advises Compass Group in France on its acquisition of the Dupont Restauration group, one of the leaders in contract catering primarily operating in France. This strategic acquisition enables Compass Group in France to increase its presence in the French and Belgian markets, and to diversify its range of services and customer base. Founded in […]

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Linklaters advises Compass Group in France on its acquisition of the Dupont Restauration group, one of the leaders in contract catering primarily operating in France.

This strategic acquisition enables Compass Group in France to increase its presence in the French and Belgian markets, and to diversify its range of services and customer base.

Founded in 1969, the Dupont Restauration group generated approximately €310 million in turnover in 2023, with over 3,000 employees, and serves up to 230,000 meals each day. By partnering with Dupont Restauration, Compass Group in France strengthens its presence in critical sectors of education, healthcare, corporate environments, and public administrations, thanks to a broad geographic coverage, with a greater capacity and agility in delivering local services, capitalising on Dupont Restauration’s strengths.

In France, Compass Group operates a network of 2,341 client facilities, employing nearly 12,500 people, and generating €1.26 billion in turnover in 2023. Worldwide, in 2023 Compass Group generated €37 billion in turnover employing more than 560,000 people in nearly 33 countries.

Linklaters’ multidisciplinary team was led by Bruno Derieux and Nicolas Le Guillou, partners in Corporate/M&A, with Aubry Lémeret, senior associate, Louise Allard and Sadjhil Forestier, associates in Corporate/M&A. Thomas Elkins, partner, Jeanne Lévy-Bruhl, senior associate, and Clélia Di Pasquale, associate, advised on Antitrust & Foreign Investment matters. Lionel Vuidard, partner, Alice Klein, counsel, and Cécile Boulé, associate, handled Employment Law matters. Edouard Chapellier, partner, and Marie Belle, associate, focused on Tax Law matters. Sonia Cissé, partner, was in charge of Technology and Data Protection matters.

The London and Brussels offices were also involved.

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Linklaters advises W. P. Carey on the sale-leaseback transaction of 123 Żabka Retail Stores in Poland https://legaldesire.com/linklaters-advises-w-p-carey-on-the-sale-leaseback-transaction-of-123-zabka-retail-stores-in-poland/ Thu, 07 Nov 2024 20:40:57 +0000 https://legaldesire.com/?p=84763 Linklaters advised W. P. Carey, a leading net lease Real Estate Investment Trust (REIT), in its successful sale-leaseback transaction involving 123 Żabka retail stores across Poland. This transaction expanded W. P. Carey’s portfolio in Central and Eastern Europe, following a €1.3 billion investment trajectory in the region since 2006. The transaction, completed in two phases […]

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Linklaters advised W. P. Carey, a leading net lease Real Estate Investment Trust (REIT), in its successful sale-leaseback transaction involving 123 Żabka retail stores across Poland. This transaction expanded W. P. Carey’s portfolio in Central and Eastern Europe, following a €1.3 billion investment trajectory in the region since 2006.

The transaction, completed in two phases in July and September, involves a triple-net lease agreement for a term of 20 years. The portfolio consists of stores located in high-traffic urban areas in Poland. Żabka, Poland’s foremost modern convenience store chain, stands as the lessee, further cementing its market dominance with over 10,500 stores serving approximately 3 million customers daily.

The Linklaters team was led by Tomasz Trystuła (managing associate), supported by Bartosz Boenigk (associate), Joanna Roman (associate), and Maksymilian Hau (associate) from the Warsaw real estate practice.

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Linklaters advises the banks on the €500 million new bonds issuance by TDF Infrastructure SAS and on the tender offer by TDF Infrastructure SAS targeting its outstanding bonds due April 2026 https://legaldesire.com/linklaters-advises-the-banks-on-the-e500-million-new-bonds-issuance-by-tdf-infrastructure-sas-and-on-the-tender-offer-by-tdf-infrastructure-sas-targeting-its-outstanding-bonds-due-april-2026/ Thu, 07 Nov 2024 20:39:55 +0000 https://legaldesire.com/?p=84761 Linklaters has advised the banking syndicate on the new bonds issuance by TDF Infrastructure SAS of a principal amount of €500 million, with a 7-year maturity and an annual interest rate of 4.125 per cent and on the tender offer by TDF Infrastructure SAS to repurchase for cash its outstanding bonds due April 2026. The […]

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Linklaters has advised the banking syndicate on the new bonds issuance by TDF Infrastructure SAS of a principal amount of €500 million, with a 7-year maturity and an annual interest rate of 4.125 per cent and on the tender offer by TDF Infrastructure SAS to repurchase for cash its outstanding bonds due April 2026.

The bonds issued are admitted to trading on the regulated market of Euronext Paris. The net proceeds of the new bonds issuance has been used by TDF Infrastructure SAS for its general corporate purposes including the refinancing (in part or in full) of its syndicated €300 Million acquisition and capex facility and, to finance its concurrent tender offer on its bonds maturing in April 2026.

On the settlement date of the tender offer which took place on 24 October 2024, TDF Infrastructure SAS has repurchased for cash €199,900,000 in principal amount of its outstanding bonds due April 2026.

The Linklaters team advising the banks was composed of Véronique Delaittre, partner, Elise Alperte, managing associate as well as Sandra Rassiat, associate.

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Linklaters advises Almaviva on financing for the take-private offer for US-listed Iteris Inc. https://legaldesire.com/linklaters-advises-almaviva-on-financing-for-the-take-private-offer-for-us-listed-iteris-inc/ Thu, 07 Nov 2024 20:38:18 +0000 https://legaldesire.com/?p=84759 Linklaters has advised longstanding client Almaviva on its offering of senior secured fixed rate notes, totalling €725m, as well as the entry into a new revolving credit facility for the financing of the public take-private offer for US-listed Iteris Inc. (NASDAQ: ITI) and refinancing of its existing indebtedness. Almaviva is a privately held Italian digital […]

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Linklaters has advised longstanding client Almaviva on its offering of senior secured fixed rate notes, totalling €725m, as well as the entry into a new revolving credit facility for the financing of the public take-private offer for US-listed Iteris Inc. (NASDAQ: ITI) and refinancing of its existing indebtedness.

Almaviva is a privately held Italian digital innovation group and a leading player in the digital transformation. Iteris is a global leader in smart mobility infrastructure management with over 10,000 public agencies and private-sector enterprises that rely on the Company’s AI-powered ClearMobility Platform to monitor, visualize and optimize their mobility infrastructures.

The Linklaters team advising on the transaction was led by partner Diego Esposito (Milan), partner Alexander Naidenov (London) and counsel James Simpson (London), and included associates Chiara Buscicchio and Federica Subba (all Milan) and US associates Kimberly Martin and Filippo Turci (all London). The team was also supported on capital markets’ aspects by Milan counsel Linda Taylor and managing associate Marta Fusco.

The team also included partner Philip Lee, senior attorney Elizabeth Lane and associate Mario Lercari (all New York) and partner Lucio D’Amario and managing associate Giorgio Valoti.

A cross-border tax team, coordinated by partner Roberto Egori and counsel Omer Harel, alongside counsel Fabio Balza, managing associate Eugenia Severino, associates Luigi Spinello and Bernard Yi advised on Italian and US tax matters.

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Linklaters advises TAURON Polska Energia S.A. on securing green financing worth a total of PLN 2.9 billion https://legaldesire.com/linklaters-advises-tauron-polska-energia-s-a-on-securing-green-financing-worth-a-total-of-pln-2-9-billion/ Thu, 07 Nov 2024 20:37:36 +0000 https://legaldesire.com/?p=84757 Linklaters has advised TAURON Polska Energia S.A. on obtaining financing through two credit agreements, with a total value of PLN 2.9 billion. The first credit agreement, valued at PLN 2 billion, was concluded with Bank Gospodarstwa Krajowego (BGK), while the second, valued at PLN 900 million, was signed with a consortium of banks comprising Powszechna […]

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Linklaters has advised TAURON Polska Energia S.A. on obtaining financing through two credit agreements, with a total value of PLN 2.9 billion.

The first credit agreement, valued at PLN 2 billion, was concluded with Bank Gospodarstwa Krajowego (BGK), while the second, valued at PLN 900 million, was signed with a consortium of banks comprising Powszechna Kasa Oszczędności Bank Polski (PKO BP) and Industrial and Commercial Bank of China (Europe) (ICBC). The funds will be allocated for financing and refinancing investments related to renewable energy sources, the development of distribution networks, the construction of energy storage facilities, the transformation of heating infrastructure, and the acquisition of companies undertaking RES projects.

The Linklaters team was led by Marta Domino (partner), supported by Katarzyna Lesińska (senior associate) and Michał de Białynia Woycikiewicz (associate) from the Warsaw banking and finance practice.

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Kirkland Advises on Sale of Wheeler Farms Winery https://legaldesire.com/kirkland-advises-on-sale-of-wheeler-farms-winery/ Thu, 07 Nov 2024 20:20:14 +0000 https://legaldesire.com/?p=84755 Kirkland & Ellis advised Wheeler Farms Partners, LLC on the sale of the eleven-acre Wheeler Farms winery in St. Helena to Bella Oaks vineyard proprietor Suzanne Deal Booth. The sale includes a winemaking and hospitality facility, six and a half acres of planted vineyard and the J.H. Wheeler wine brand and inventory. Terms of the transaction […]

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Kirkland & Ellis advised Wheeler Farms Partners, LLC on the sale of the eleven-acre Wheeler Farms winery in St. Helena to Bella Oaks vineyard proprietor Suzanne Deal Booth. The sale includes a winemaking and hospitality facility, six and a half acres of planted vineyard and the J.H. Wheeler wine brand and inventory. Terms of the transaction were not disclosed.

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Kirkland Advises EQT on Financing for Acquisition of PageUp https://legaldesire.com/kirkland-advises-eqt-on-financing-for-acquisition-of-pageup/ Thu, 07 Nov 2024 20:16:04 +0000 https://legaldesire.com/?p=84753 Kirkland & Ellis advised EQT on the syndicated debt financing for its acquisition of PageUp. PageUp, previously majority owned by investment firm Battery Ventures, is an Australian-founded global leader in SaaS talent acquisition, recruitment marketing and talent management solutions. The completed transaction was announced on October 31, 2024

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Kirkland & Ellis advised EQT on the syndicated debt financing for its acquisition of PageUp. PageUp, previously majority owned by investment firm Battery Ventures, is an Australian-founded global leader in SaaS talent acquisition, recruitment marketing and talent management solutions. The completed transaction was announced on October 31, 2024

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Kirkland Advises Greenbriar on Acquisition of Sparkstone Electrical Group https://legaldesire.com/kirkland-advises-greenbriar-on-acquisition-of-sparkstone-electrical-group/ Thu, 07 Nov 2024 20:15:04 +0000 https://legaldesire.com/?p=84751 Kirkland & Ellis advised private equity firm Greenbriar Equity Group L.P. on the acquisition of Sparkstone Electrical Group. The new investment will focus on enhancing the company’s scale and capabilities. Sparkstone Electrical Group is a supplier of custom-engineered electrical power equipment to a highly diversified set of end markets.

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Kirkland & Ellis advised private equity firm Greenbriar Equity Group L.P. on the acquisition of Sparkstone Electrical Group. The new investment will focus on enhancing the company’s scale and capabilities. Sparkstone Electrical Group is a supplier of custom-engineered electrical power equipment to a highly diversified set of end markets.

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Kirkland Advises Abry Partners and Innovisk on Sale to Ryan Specialty https://legaldesire.com/kirkland-advises-abry-partners-and-innovisk-on-sale-to-ryan-specialty/ Thu, 07 Nov 2024 20:14:08 +0000 https://legaldesire.com/?p=84749 Kirkland & Ellis advised private equity firm Abry Partners and portfolio company Innovisk on the sale of the portfolio of MGAs to international specialty insurance services firm Ryan Specialty. Private equity firm BHMS also sold its stake in the company to Ryan. London-headquartered Innovisk consists of a diverse, non-correlated portfolio of seven highly regarded specialty […]

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Kirkland & Ellis advised private equity firm Abry Partners and portfolio company Innovisk on the sale of the portfolio of MGAs to international specialty insurance services firm Ryan Specialty. Private equity firm BHMS also sold its stake in the company to Ryan. London-headquartered Innovisk consists of a diverse, non-correlated portfolio of seven highly regarded specialty MGAs with lines of business include environmental, transactional liability, U.S. and international financial lines, professional liability for lawyers, commercial auto liability, and UK professional indemnity and P&C.

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