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CMS IN CEE CLOSES 4 LEVERAGED FINANCE BUYOUTS IN 4 MONTHS

The CEE leveraged finance team at leading European law firm, CMS Cameron McKenna LLP has completed its 4th leveraged finance deal in Europe in four months.

Paul Stallebrass, Head of Banking and Finance in CEE comments, “We are delighted with these significant cross border deals, especially considering the general reduction in activity in recent years. Supporting our key accounts in these transactions showcases our expertise in working in multinational teams and delivering high quality service in tight deadlines.”

The high profile transactions CMS has assisted clients in during the last four months include:
• Advising Advent International on the financing provided by UniCredit and Komercni Banka for the acquisition of 100% of the shares in TES Vsetin and MezServis (TES), a leading European manufacturer of tailor-made power generators and components used in the production of hydro, wind and non-renewable energy generation. The firm also advised on all corporate aspects of the transaction.(July 2011)

• Advising Advent International across seven countries on the financing of the acquisition of Provimi Pet Food (PPF), the third largest producer of private label wet and dry pet food in Europe, from the Provimi Group, for an enterprise value of €188 million. The firm also advised on all corporate aspects of the transaction. (June 2011).

• Advising Erste Bank on the financing of Bancroft’s acquisition of CityEX, a Croatian postal and courier services company with 36 locations in 30 cities across Croatia. (May 2011)

• Advising GMT Communications Partners, a major private equity player in the technology and media sectors, on the acquisition of Thomson Reuters’ businesses in Denmark and Sweden. Thomson is the world’s leading source of intelligent information for businesses and professionals and is one of the largest providers of online professional information in Sweden. This acquisition is the 15th project, which we have supported the client in. (April 2011)

Completing 4 challenging transactions in the last four months, the CMS CEE Leveraged Finance team, which comprises 3 partners and 10 lawyers across a number of jurisdictions, demonstrates its ability to provide a seamless service across Europe.