News

Paul Hastings Advises Banks in Financing for JLL Partners Acquisition of Royal DSM NV

March 18, 2014

New York, NY-- Paul Hastings LLP, a leading global law firm, represented UBS AG, Stamford Branch, J.P. Morgan Securities LLC, Jefferies Finance LLC, Keybank National Association, Morgan Stanley Senior Funding, Inc., Sumitomo Mitsui Banking Corp. and Barclays Bank PLC as joint lead arrangers and joint bookrunners on the financing in connection with the acquisition of a majority stake in vitamin-maker Royal DSM NV’s pharmaceuticals business by JLL Partners (“JLL”) through Patheon Inc., a Canada-based specialty-pharmaceuticals manufacturer controlled by JLL.

The financing consisted of a $985 million and €250 million term loan facility and a $200 million revolving facility.

Leveraged Finance partners

Michael Michetti

and

Joel Simon

led the Paul Hastings team, which also included associates

Chris Ross

Heidi Spalholz

Sun Kim

Mitchell Zuckerman

and Yian Huang.

Paul Hastings’ Leverage Finance practice has also recently advised the lenders on the acquisition financings of

Southwire Company’s acquisition

of Coleman Cable, Inc.,

Chuck E. Cheese’s operator

by Apollo Global Management and

Hellman & Friedman LLC’s purchase

of Applied Systems Inc.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.