Clifford Chance advises CVC Capital Partners on US$600 Million Secured Acquisition Loan Facility

Clifford Chance Advises CVC Capital Partners on US$600 Million Secured Acquisition Loan Facility

7 August 2018

Daniel Winick , Andrew Young , Brittany Binderoff (She/Her) , Andrew Husdan , Charlotte Holt , Folko de Vries , Amin Tamaddoni
New York , Amsterdam , London

Clifford Chance Advises CVC Capital Partners on US$600 Million Secured Acquisition Loan Facility

A Clifford Chance team led by Banking & Finance partner Daniel Winick advised CVC Capital Partners in connection with a $600 million secured term and revolving loan facility to support an acquisition and strategic combination of portfolio companies.

Proceeds of the facility were used to acquire The Alpha Corporation of Tennessee, a US-headquartered composite resins company, and repay indebtedness of Aliancys, a Switzerland-based global seller of quality composite resins. The Alpha Corp. and Aliancys groups were combined to form a leading global supplier of polyester and vinyl ester resins, gel coats, and other materials used in the composites industry.

Working with Daniel on the transaction were associates Andrew Young, Micah Lewis and Brittany Binderoff, all based in New York.

The cross-border team comprised attorneys from London and Amsterdam, including: partner Andrew Husdan and associate Charlotte Holt (London); and partner Folko de Vries with associates Victor ten Have, Amin Tamaddoni and Catherine Van der Helm (Amsterdam).