Shearman & Sterling advised Credit Suisse, J.P. Morgan and BNP Paribas on the €239 million offering of 9.000% / 9.750% pay-if-you-can notes by Dakar Finance, a company controlled by Bain Capital. The notes will partially finance the buyout by Bain Capital of Autodistribution.
Shearman & Sterling also advised certain affiliates of the banks, as arrangers and lenders, in connection with Autodistribution’s new revolving credit facility.
Autodistribution is the leading independent distributor of car and heavy goods vehicle parts in France. Bain Capital is one of the world's leading private, alternative asset management firms, with approximately $75 billion in assets under management.