Paul Hastings Advises Banks in Financing for JLL Partners Acquisition of Royal DSM NV
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.
Paul Hastings’ Leverage Finance practice has also recently advised the lenders on the acquisition financings of
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