Alexander (Alex) Robb
Alex Robb is a partner in the finance group of Ropes & Gray’s London office. He has broad experience in both domestic and international financing, with a particular focus on leveraged finance, including bank/bond, unitranche, senior/subordinated and holdco PIK financings, together with financial restructuring matters.
He has acted for numerous investment and commercial banks, private credit funds, private equity sponsors, and publicly listed companies.
- Advised TSG Consumer Partners on the dividend recapitalisation and refinancing of Revolution Beauty
- Acted for Partners Group in connection with various leveraged finance investments including as a second lien lender in connection with Nordic Capital’s acquisition of Alloheim
- Represented Virgin Media in a £300 million offering of Receivables Financing Notes due 2023
- Acting for Intermediate Capital Group on its:
- holdco PIK loan financing in connection with a US$5.3 billion consortium buyout of certain stakes in Visma, Europe’s largest ever software buyout
- holdco PIK loan financing in connection with a £1.3 billion acquisition of IRIS, a leading provider of business-critical software and services
- investment in Blackrock Programme Management (Blackrock PM), a UK-headquartered professional services firm
- Advised MV Credit on second lien financings to support dividend recaps for Sunrise Medical and The Binding Site, and to support Itiviti’s refinancing and the acquisition of Ullink
- Acting for Bain Capital on its purchase of a controlling stake in MKM, the UK’s largest independent builders’ merchant
- Acting for Liberty Global plc in connection with:
- the financing aspects of its disposal to Vodafone of its German business and certain eastern European businesses
- its €3.95 billion equivalent dual currency loan financing package in relation to its public takeover of Dutch listed cable company Ziggo N.V.
- UPC Broadband Holding B.V.’s offer to exchange EUR 1.475 billion of its loans for loans to a combined Dutch telecoms credit pool consisting of the UPC Nederland and Ziggo businesses
- the financing arrangements for its £3.5 billion acquisition of Cable & Wireless Communications plc.
- a EUR 80m super senior revolving credit facility and EUR 420 million senior revolving facility for Unitymedia
- onumerous term loan refinancings in an aggregate equivalent amount in excess of £20,000,000,000 for theTelenet, UPC, Unitymedia, Virgin Media and Ziggo groups
- Acting for Liberty Global plc and its investment vehicle, jointly owned with Discovery Communications, Inc., in connection with £420 million of first and second lien facilities for the acquisition of All3Media
- Acting for Altice VII S.à r.L. on:
- a US$1.034 billion covenant lite term loan, a €250 million bond issuance and €125 million in other bank financing in relation to the acquisition of Groupe Outremer Telecom S.A.
- a US$425 million holdco PIK facility in connection with its acquisition of Tricom S.A. and Global Interlink Ltd
- Acting for Brighthouse Group plc in connection with a super senior revolving credit facility to support its offering of £220 million 7 7/8 % senior secured notes due 2018
- Acting for Hellman & Friedman in connection with the refinancing and dividend recapitalization of a portfolio company by way of unitranche facility
- Acting for Welsh Carson in connection with a £175,000,000 unitranche facility and £20,000,000 revolving credit facility in connection with a bid
- Acting for Goldman Sachs in connection with a funded EUR 200 million senior bridge facility agreement and acting for Nordea Bank in connection with a NOK 500 million bilateral facility, in each case, for Nordic Capital’s portfolio company, Lindorff
Notable transactions in which Alex has been involved prior to joining the firm include:
- Acting for the restructuring committee of a holding company of Bulgarian Telecommunications in connection with its scheme of arrangement in relation to €1.6 billion of facilities
- Acting for the cross-over creditors in connection with the restructuring of the Primacom Group by way of share pledge enforcement in 2010 and by way of scheme of arrangement in 2012
- Acting for Ontario Teachers’ Pension Plan in connection with its acquisition of MAp’s joint venture interests in Brussels and Copenhagen airports and also the refinancing of Bristol Airport
- Acting for Marston’s plc in connection with certain forward start facilities and refinancings
- Acting for Howden Joinery Group plc in connection with the amendment and extension of its asset backed credit facilities
- Acting for a fund in relation to a US$350 million margin loan from an investment bank secured against privately held shares
- Quoted, “(EUR) 2019 Mid-market Outlook: Tempering confidence with caution,” LCD News (December 12, 2018)
- Quoted, “Sponsors’ power to cash dividend from day one hits 51% of the market - Primary Loan Review,” Debtwire (October 26, 2018)