Shearman & Sterling advised the lenders on the refinancing and recapitalization of Ipsen, a portfolio company of Quadriga Capital. The financing was structured as a unitranche, provided by funds advised by Barings Global Advisers, in combination with a super senior revolving credit facility and a guarantee facility, both provided by ABN AMRO and HSBC Trinkaus & Burkhardt.
Ipsen is an international market leader of heat treatment solutions headquartered in Kleve, Germany, and has production sites in Europe, America and Asia. Ipsen specializes in atmosphere and vacuum heat-treating systems and supervisory controls systems, which are used in many mission-critical applications. This advanced equipment is developed for aerospace, automotive, energy, medical, tool & die and various industries across the globe.