Global law firm White & Case LLP has advised J.P. Morgan SE as Global Coordinator and Joint Physical Bookrunner, Nordea Bank AbP as Nordic Coordinator and Joint Physical Bookrunner, and Deutsche Bank Aktiengesellschaft, DNB Markets, a division of DNB Bank ASA and Skandinaviska Enskilda Banken AB (publ) as Joint Bookrunners, on a Rule 144A/Regulation S offering of €350 million senior secured floating rate notes due 2027 related to IK Partners’ acquisition of Renta Group Oy.
White & Case concurrently advised the mandated lead arrangers on the establishment of a €75 million super senior revolving credit facility.
The proceeds from the sale of the notes, together with equity contribution from IK Partners, will be used to finance the acquisition of Finnish equipment rental company Renta Group by IK Partners, refinance existing indebtedness of Renta Group and for general corporate purposes.
The White & Case team which advised on the transaction was led by partners Gilles Teerlinck (London), Hadrien Servais (Brussels) and Jeremy Duffy (London), and included partners Carl-Hugo Parment (Stockholm), Tanja Tornkvist (Helsinki) and Chad McCormick (Houston), and associates Pierre Brule, Adebola Ogunsanya, Janam Nagra, Marco Zacchino (all London), Scott Goldner (Brussels), Max Axelsson, Alexandra Stolt, Minna Horwitz (all Stockholm), Nikolas Limingoja, Helen Happonen, (both Helsinki) Devon Yamauchi (Houston) and Caitlin Dunham (New York).
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