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News Dec 09, 2015

Shearman & Sterling Represents Credit Suisse, J.P. Morgan and BNP Paribas on Autodistribution’s High-Yield Bond Offering

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.

The Shearman & Sterling team of lawyers from the firm’s London, Paris and Washington, DC offices included associates Randy Nahlé, Morgan Hill and David Andersson; finance partners Iain Goalen and Peter Hayes  counsels Luke Jaggar and Jackson Lam and associate Anna Shelton and trainee Alice Graham; and tax partner Kristen Garry, counsels Simon Letherman and Anne-Sophie Maes and associates Mary Jo Lang, Eric Grosshandler, Gabriel Ng and Elizabeth Emerson.