Carlyle’s financing the $3.2 Billion Acquisition of Atotech B.V.

Zhong Lun Law Firm acted as the PRC counsel for Carlyle and provided comprehensive legal services for the credit facilities project

he Carlyle Group L.P. (NASDAQ:CG) successfully raised senior secured credit facilities from the syndicate led by Barclays to finance the $3.2 billion acquisition of Atotech B.V. by such affiliates of The Carlyle Group L.P. from affiliates of Total S.A. The aforesaid facilities are supported by multi-jurisdiction guarantees and collateral package, among which, cross-border guarantee granted by certain PRC subsidiaries of Atotech B.V. and the security over the assets of such PRC subsidiaries are important components, given that over 40% of the assets of the consolidated target group of Atotech B.V. are located within the PRC.

 

Zhong Lun Law Firm acted as the PRC counsel for Carlyle and provided comprehensive legal services for the credit facilities project, especially assisted Carlyle in designing and negotiating the guarantees and cross-border collateral package provided by PRC entities and prepared and revised relevant security documents.

The legal team was led by Shirley Lu (Picutre), the partner of Zhong Lun, and the team members include Joy Gao, Elaine Ye and Rick Cao.

Carlyle is a global alternative asset manager and one of the world’s largest global private equity firms with approximately $169 billion of assets under management across 125 funds and 177 fund of funds vehicles as of September 30, 2016.

Atotech B.V. is a leading manufacturer of specialty chemicals and equipment for high technology electroplating applications headquartered in Germany and The Netherlands with a presence in over 25 countries.

 

Involved fees earner: Shirley Lu – Zhong Lun Law Firm;

Law Firms: Zhong Lun Law Firm;

Clients: Carlyle Group;

 

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Author: Michael Patrini