Ropes & Gray Advises Mezzanine Lenders on Purchase of BSN Medical
(LONDON) June 14, 2012 – Ropes & Gray represented the mezzanine lenders on the acquisition of leading German medical supplies manufacturer BSN Medical by Swedish private equity house EQT for an enterprise value of €1.82 billion ($2.2 billion). EQT’s fund VI purchased BSN Medical from Montagu in a senior and mezzanine lender deal. The mezzanine lenders were comprised of Highbridge, MV Credit, Partners Group and J.P. Morgan, among others, providing €391.5m ($493 million).
The Ropes & Gray team included associates Bettina Kloubert and Ben Morris on the finance side alongside Will Rosen advising on the corporate aspects of the transaction. Latham & Watkins advised the senior lenders with senior arrangers being: J.P. Morgan, Deutsche Bank, Goldman Sachs and Morgan Stanley. EQT were advised by Baker & McKenzie (finance) and Freshfields (corporate) and Montagu, the vendor’s, counsel were advised by Clifford Chance.
Ropes & Gray, a global law firm with more than 1,100 lawyers and professionals, provides clients with execution of their transactions from offices in the world’s major centers of business, finance, technology and government – London, Hong Kong, Shanghai, Tokyo, New York, Washington, D.C., Boston, Chicago, San Francisco and Silicon Valley. The firm is highly and consistently ranked for its practices in private equity, M&A, finance, investment management, hedge funds, life sciences, health care, intellectual property, litigation, securities litigation and government enforcement.