Milbank LLP advised the lenders, a consortium of seven German and international banks, on the refinancing of EUROPART Holding GmbH (“EUROPART”), owned by the private equity investor Alpha Private Equity. The €130 million syndicated loan facility consists of three term facilities and a revolving credit line with the possibility of bilateral sub-credit lines. The refinancing, including the redemption of the existing financing, was carried out in cooperation with legal advisors in eight other jurisdictions.
EUROPART is the leading European distributor of spare parts and accessories for commercial vehicles, buses and specialist vehicles of all types. In addition, EUROPART supplies its main customer groups in commercial vehicle garages, transport companies and fleet operators with a wide range of workshop supplies: This covers the areas of chemistry, workshop/operating facilities and equipment, fastening technology, occupational safety and much more for everyday operations. EUROPART has an international network with over 1,700 employees in 28 countries.
The Milbank team that advised the lenders on the financial aspects of the transaction was led by partner Thomas Ingenhoven (Finance) and included special counsel Thomas Möller as well as associates Lara Milione and Robin Braun (all Finance).
