Kirkland Advises Parts Europe on €1.2 Billion Refinancing
Kirkland & Ellis is advising Parts Europe, owned by D’Ieteren Group (Euronext:DIE), on the implementation of its new €960 million term loan facility and ca. €240 million revolving facility. The term facility will be used to redeem its €580 million senior secured notes due 2025 and its €380 million senior secured notes due 2027. Parts Europe is a leading pan Western European omni channel distributor of automotive spare parts serving the B2B, online B2C and DIY independent aftermarket. The D’Ieteren Group is a family-controlled investment firm, listed on Euronext Brussels, with deep expertise in the business services, distribution and automotive sectors.
Read D’Ieteren Group’s press release
The Kirkland team is led by debt finance partners Kalish Mullen and Evgeny Zborovsky and capital markets partners Cedric Van den Borren and Antoine Lebienvenu, with the support of debt finance associates Carla Bisoli and Matthew Grenfell and capital markets associates Elio Gaarthuis and Luca Meneghini. The team also includes tax partner Sonia Bouaffassa and associate Louise Chappey; derivatives partner Drue Santora; and corporate associate Francois Capoul.
