Milbank Advises Underwriting Banks on Financing for Brookfield’s Acquisition of Modulaire Group for Approximately $5 Billion

Milbank LLP advised the underwriting banks in relation to the financing for Brookfield’s acquisition of Modulaire Group for approximately $5 billion, making it one of the largest European leveraged buyouts of the year. Closing of the transaction remains subject to customary closing conditions including regulatory approvals. Closing is expected by the end of 2021.

Modulaire, a leading provider of modular leasing services in Europe and Asia-Pacific, meets the needs of a diversified customer base across the industrial, infrastructure and public sectors. With a global fleet of approximately 260,000 modular units across 25 countries, Modulaire services more than 48,000 customers through an established network of approximately 180 branches. Its modular units provide customers with a wide range of attractive, cost-effective and environmentally friendly solutions for temporary space requirements.

The Milbank team was led  by European Leveraged Finance/Capital Markets partners Suhrud Mehta, Apostolos Gkoutzinis, Sarbajeet Nag, Rebecca Marques and associates Laura Bonamis, Varun Natteri Mangadu, Henry Madell, Bie Cookey, Ben King and Dionysis Diamantatos.