Proskauer advised the financing sources involved in Platinum Equity's acquisitions of Solo Group, a France-headquartered pan-European supplier of corporate marketing goods, and XD Connects, a Dutch designer and supplier of corporate gifts.
The syndicated financing transaction involved a Euro600 million term loan B and a Euro130 million revolving credit facility. Platinum Equity, a global investment firm based in Los Angeles, California, first agreed to acquire Solo Group and then to acquire XD Connects as an add-on.
The Proskauer team was led by partnersWarren Newton,Philip Bowden,Peter Mason(Global Finance) andJake Keaveny(Capital Markets) along with associatesRonak Thakkar,Suktika BanerjeeandIqra Bawany(Global Finance) and special counselMorgan Hill(Capital Markets). The team also included partnerRobert Gautand associateLuis de Freitas(UK Tax) and Paris-based partnerMaud Manonand counselPierre Tardivo(Global Finance), and partnerGwenaël Kropfinger(French Tax).