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NKF advises the Initial Purchasers in the offering of EUR 215m notes and EUR 200m notes

January 2014

Niederer Kraft & Frey advises the Initial Purchasers in the offering of EUR 215 million notes and EUR 200 million notes in connection with the acquisition of the Rhiag-Group by Apax Partners.

NKF acted as special Swiss legal adviser for the Initial Purchasers (consisted of Credit Suisse Securities (Europe) Limited; BNP Paribas; Goldman Sachs International; Mediobanca - Banca di Credito Finanziario S.p.A.; and J.P. Morgan Securities plc) in connection with the offering of EUR 215,000,000 7.25% senior secured notes and EUR 200,000,000 floating rate senior secured notes by Rhino Bondco S.p.A. The proceeds of the offering were used by Apax Partners LLP to fund its acquisition of the Rhiag Group - a leading European automotive parts supplier.

NKF also acted as special Swiss legal adviser for the Mandated Arrangers (consisted of BNP Paribas, Italian Branch; Credit Suisse AG, Milan Branch; Goldman Sachs International; and Mediobanca - Banca di Credito Finanziario S.p.A.) in connection with Rhino Bondco S.p.A. and Rhino Bidco S.p.A.'s EUR 75,000,000 revolving credit facility agreement. The proceeds of the revolving credit facility will be used for general corporate and working capital purposes of the Rhiag Group.

The NKF team consisted of Marco Häusermann, Christina Del Vecchio and Arie Gerszt.

Legal Developments by:
Niederer Kraft Frey AG

  • GrenzĂĽberschreitende Finanzdienstleistungen

    Der Finanzbereich ist auch in der Schweiz einer der am stärksten regulierten Wirtschaftzweige. Sich darin zurechtzufinden ist nicht immer einfach. Nachfolgende Ausführungen sollen dazu einen Einstieg vermitteln. Sie zeigen, dass die Schweiz im Gegensatz zum Ausland und abgesehen vom Bereich der kollektiven Kapitalanlagen und der Versicherungsprodukte, was die Zulässigkeit von grenzüberschreitend angebotenen Finanzdienstleistungen anbelangt, ein sehr liberales Regime kennt.
    - Niederer Kraft & Frey

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