Linklaters

The team has advised on many of the world’s largest international public and private deals, involving complex and layered financing with detailed considerations of local law. Such considerations include cross-border tax and regulatory matters and frequently break new legal ground.

Senior and mezzanine financiers, borrowers and purchasers rely on Linklaters’ experience of leveraged buyouts, including management buyouts and buyins, and investment grade acquisition financings. The firm’s pre-eminent combination of local and global banking, capital markets and M&A expertise, is essential to the completion of such transactions.

Recent leverage finance transactions include advising

• the arranging banks on the award-winning US$4.1bn bid by Nordic Capital for ConvaTec
• on the structuring of the innovative arrangements used to effect the first and highest profile debt buyback in 2008 undertaken by the Danish telecom company TDC
• a consortium consisting of Global Infrastructure Partners and Montagu Private Equity in relation to the £1.7bn recommended offer for Biffa
• the mandated lead arrangers on the multi award-winning JPY185bn financing for the acquisition of Arysta LifeScience Corporation by funds advised by Permira
• the mandated lead arrangers in relation to the US$1.55bn facilities for Turbo Alpha Limited to fund part of the acquisition of Abbot Group plc.
• a consortium of Scandinavian banks as financiers of Nordic Capital's €1.1bn hostile bid for TietoEnator Oyj
• the arrangers in connection with the £1.8bn recommended offer by Candover, Goldman Sachs and AlpInvest for Expro International plc
• the arrangers on the US$1.1bn senior facilities and US$385m mezzanine facility for the acquisition by Permira of a 51% stake in NDS Group plc 
• the mandated lead arrangers with respect to the financing to allow Permira to acquire Valentino Fashion Group S.A and Hugo Boss AG pursuant to an Italian public take over offer and a German public take over offer respectively
• the financiers to the bid by Kohlberg Kravis Roberts and Stefano Pessina for Alliance Boots plc - the largest ever European buyout