Shearman And Sterling

News October 22, 2020

Barentz Group Financing for the Acquisition of CI Capital Partner's Maroon Group

We are advising Bank of Ireland, Crédit Agricole, ING Bank N.V., National Westminster Bank, Rabobank, Goldman Sachs and MV Credit (the "Senior Lenders"), in connection with the first lien financing in support of the acquisition by the Barentz group of the Maroon Group. The Senior Lenders are acting as arrangers, underwriters and pre-placed original lenders in connection with a €585,000,000 senior secured term loan and a €120,000,000 senior secured revolving credit facility. We are also advising on the PIK Notes financing in support of the acquisition on behalf of the Original Note Purchasers, which include funds managed by Goldman Sachs, Park Square Capital and MV Credit.


Barentz group is a global specialty ingredients distributor for the food, pharmaceutical, personal care and animal nutrition markets, owned by Cinven. Maroon Group is a leading distributor of specialty chemicals and life science ingredients across North America.


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