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White & Case Advises Banks on €830 Million Financing for Acquisition of Seqens by SK Capital

Global law firm White & Case LLP has advised a banking syndicate led by Deutsche Bank AG, J.P. Morgan AG, Royal Bank of Canada and Société Générale, acting as mandated lead arrangers and bookrunners, on the €830 million debt financing for the acquisition by SK Capital of a majority shareholding in Seqens, a French based leader in pharmaceuticals and specialty chemicals.

Concurrent with the acquisition, Seqens entered into a business combination with Wavelength Pharmaceuticals, an existing SK Capital portfolio company.

The covenant-lite financing comprised a €830 million term loan, which was successfully syndicated in the European market, and a €130 million senior revolving facility. The acquisition closed on December 16, 2021.

The White & Case team which advised on the transaction was led by partners Raphaël Richard and Roman Picherack (both Paris), and included partner Gilles Teerlinck (London) and associates Charles Connesson and Yasmine Sefraoui (both Paris).

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