Milbank LLP advised a consortium of international lenders on the refinancing of Prefere Resins, a portfolio company of One Rock Capital Partners. The transaction was completed on January 16, 2025, and included, among other things, the financing of a dividend recapitalization. The consortium of lenders consists of lending banks and direct lending funds.
Headquartered near Berlin, Germany, Prefere is a leading European manufacturer of adhesive resins used in engineered wood, insulation, coatings, and other specialty applications. Prefere is a pioneer in bio-based resins, serving as a foundation for continued market leadership. The company has displayed a resilient financial profile through macroeconomic cycles thanks to its strong customer and end-market diversification across Europe, the U.S., and Asia, as well as its strong focus on its business excellence initiatives.
The Milbank team advising the lenders on the financial aspects of the transaction was led by partner Thomas Ingenhoven and included special counsel Thomas Möller as well as associates Lara Milione and Miriam Arimond (all Finance, Frankfurt).
