US CITY TEAMS TAKE LEAD ROLES ON GHG’S £1.5BN DEBT RESTRUCTURING
General Healthcare Group (GHG)’s £1.5bn debt restructuring, involving two commercial mortgage-backed securitisations (CMBSs), saw Paul Hastings’ London office win a role advising Capita Asset Services, which acted on behalf of the senior lenders. Milbank, Tweed, Hadley & McCloy represented the junior lenders, while Weil, Gotshal & Manges acted for Barclays, which had roles both in the CMBSs and as counter-party to an interest rate swap. Sidley Austin and Clifford Chance acted for other swap counter-parties, while Simmons & Simmons acted for GHG.
PINSENTS, TRAVERS AND CC JOIN DEBEVOISE ON £500M SALE OF PETROL STATION OPERATOR
Travers Smith advised Patron Capital Advisers on its £500m sale of Motor Fuel Group, one of the UK’s biggest independent petrol station operators. Clifford Chance advised the buyer, private equity firm Clayton, Dubilier & Rice, with Debevoise & Plimpton covering the financing. Pinsent Masons represented Motor Fuel Group, which owns 373 UK sites.
HFW AND GIBSON DUNN ACT AS ROTHSCHILD EXITS TROUBLED ASIA RESOURCE MINERALS
A four-partner Holman Fenwick Willan team led on ACE’s high-profile purchase of Nat Rothschild’s stake in Indonesian Asia Resource Minerals last month, with Gibson, Dunn & Crutcher acting for the British financier and Ashurst for Indonesia’s Widjaja family.
FRESHFIELDS AND MAYER BROWN BOOK PLACES ON £2.4BN CENTER PARCS SALE
Mayer Brown’s City team advised Brookfield Property Partners on the purchase of Center Parcs UK from Freshfields Bruckhaus Deringer’s client The Blackstone Group. Travers Smith advised management, which took a stake in the business as part of the £2.4bn deal.