16 October 2014
Paris - The racks and metallic furniture manufacturer, Averys, in which LBO France has been a shareholder since 2008, proceeded to a refinancing transaction amounting to 165 million euros. LBO France and Averys were advised by Mayer Brown for this transaction with regards to the corporate, financing and tax aspects.
Averys is the third leading racks and shelves manufacturer in Europe, thanks to its development strategy and to the purchase of the Stow Group in 2013, one of the very first warehouse shelving actor worldwide. For this refinancing, BNP Paribas and RSC Haymarket Financial conducted the transaction through an installment (A) amounting 25 million Euros, an installment (B) amounting 125 million Euros and a 15 million euro credit line.
The Mayer Brown team for LBO France/ Averys included:
- Corporate: Xavier Jaspar and Emily Pennec (partners), Vincent Nédellec and Diane Kisler (associates)
- Financing: Patrick Teboul (partner), Maud Bischoff and Marion Minard (associates)
- Tax: Benjamin Homo (partner), Elodie Deschamps Coste (associate).