£2.5 Billion Financing Announced for Advent’s Acquisition of Cobham
July 25, 2019
London – Paul Hastings LLP, a leading global law firm, announced today that it is advising Credit Suisse, Goldman Sachs and Citibank as arrangers and underwriters in relation to a £2.5 billion 1st/2nd lien financing for U.S. private equity firm Advent International’s public-to-private bid to acquire Cobham plc.
The acquisition of Cobham, a UK aerospace and defense supplier, values the company at £4 billion. Linklaters and Weil acted for Advent International, and Allen & Overy acted for Cobham plc. More details of the acquisition can be found here.
The Paul Hastings team on the financing was led by London partner Luke McDougall and London finance partners Richard Kitchen, Ed Holmes, New York finance partner Shekhar Kumar, New York tax partner David Makso, London tax associate Jiten Tank, London finance associates Alon Blitz, Lauren Winter, Ludo Giannotti and Oliver Elsaesser and London M&A associate Lucy Malkin.
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