Milbank Advising Banks on Financing of Apollo’s €1.23B Bid for Applus Services SA

Milbank LLP is advising financing sources in connection with the financing of Apollo’s voluntary tender offer for 100% of the shares of Spain-based industrial testing company Applus Services SA.

Applus started in Barcelona in 1996 providing vehicle inspection services. Through a series of acquisitions, it expanded into the wider testing and certification field, conducting inspections and providing qualifications in sectors including the automotive industry and renewable energy. The company was listed on the Spanish stock exchange in May of 2014.

The Milbank team is led by European Leveraged Finance/Capital Markets partners Suhrud Mehta, Alexandra Grant and Rebecca Marques together with associates Peetra Anderson-Figueroa, Christopher Smith, Simeon-Henri de Vries, Gautam Sundaresh and trainee Preksha Dhingra.