White & Case Advises GSO Capital Partners on Financing for Advent International's £4 Billion Acquisition of Cobham plc
Global law firm White & Case LLP has advised GSO Capital Partners and its affiliates on a three-tier financing package to support Advent International's approximately £4 billion acquisition of leading global technology and services innovator Cobham plc.
"This high profile acquisition of a strategically significant UK business is the latest in a string of transactions on which White & Case has advised GSO, and is a further demonstration of our strong relationship with this important client," said White & Case partner Gareth Eagles, who led the Firm's deal team. "It also adds to our extensive track record of advising leading global players in the alternative credit and private equity sectors."
GSO Capital Partners and its affiliates provided Advent International with second lien, preferred equity and common equity financing to support its approximately £4 billion acquisition of the shares in Cobham plc.
GSO Capital Partners is one of the world's largest credit-oriented alternative asset managers, with a team of more than 400 people focused on delivering risk-adjusted returns and capital preservation for its clients.
Cobham plc is a leading global technology and services innovator which employs around 10,000 people primarily in the USA, UK, Europe and Australia. It has customers and partners in more than 100 countries, and market leading positions in wireless, audio, video and data communications including satellite communications, defence electronics, air-to-air refuelling, aviation services, life support and mission equipment.
The White & Case team which advised on the transaction was led by partner Gareth Eagles (London) and included partners Colin Harley (London), Marcus Booth (Dubai & London), Michael Mountain, Philip Broke and Patrick Sarch (all London), and associates Nicola Chapman, Heidi Blomqvist and Prema Govind (all London).
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