Macfarlanes has advised the Sadel Group (Sadel) on securing a £500m facility co-arranged by Legal & General and a US institutional investor. The funding will support one of Sadel's significant pan-European investments, Magnavale, which is a leading UK-based provider of temperature-controlled storage and value-added services for the food industry.
Sadel is a Luxembourg-based family office with over 30 years of expertise specialising in traditional and operational real estate, with a particular focus on logistics, the food supply chain, IOS, green energy, and other actively managed sectors.
The transaction involved a re-organisation of the group, alongside refinancing its existing indebtedness, showcasing our firm's ability to collaborate across multiple practice areas to deliver an efficient and complete service to Sadel.
The Macfarlanes team was led by Finance Partner Jatinder Bains, with assistance from Senior Associate Christian Anthony and Associate Nick Aird. Corporate advice was provided by Partner Alice Temkin and Associates Saskia Rock-Williams, Christopher Perera and Saujanya Natarajan, with Commercial advice provided by Associates Markos Day and Julia Inselseth. Tax advice was provided by Senior Associate Rebecca Rose and Real Estate advice was provided by Partner Dan Marriott, Senior Counsel Cate Taylor, Senior Associates Florien Stone and Gwen Llewelyn Atkinson and Associate Russell Fancourt with support on the construction aspects from Partner Angus Dawson and Senior Associate Megan Barclay. Employment advice was provided by Senior Associate Olivia Wistow-Hughes and Associate Isobel Lewis.
Commenting on the transaction, Jatinder Bains said: “We’ve been excited to play our part in supporting the growth of the Magnavale business in recent years, and the site at Easton is a very impressive technological marvel. With the benefit of this financing, we look forward to seeing the business go from strength to strength.”