Simpson Thacher Represents Rhino Bondco S.p.A, an Affiliate of Apax Partners LLP, in the Proposed Acquisition of Rhiag Inter Auto Parts Italia S.p.A.
11.08.13
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Simpson Thacher recently represented Rhino Bondco S.p.A, an affiliate of Apax Partners LLP, in connection with its proposed acquisition of Rhiag Inter Auto Parts Italia S.p.A., a leading European distributor of aftermarket spare parts for passenger cars and commercial vehicles in the independent aftermarket segment.
The financing for the acquisition included a private offering of €215 million aggregate principal amount of 7.25% Senior Secured Notes due 2020 and €200 million aggregate principal amount of Floating Rate Senior Secured Notes due 2019, as well as a €75 million super senior revolving credit facility. The Simpson Thacher team also advised on the English law aspects of the equity arrangements.
The Simpson Thacher team for the transaction included Nick Shaw, Kristy Greene, Rohan Kaul and Natalie Kone (Capital Markets), Kate Sinclair, Shahpur Kabraji, Fiona Swords and Henry Ryder (Banking), Derek Baird (M&A) and Sean FitzGerald (Tax).