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Work 020 7456 2000
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Annette Kurdian

Tel:
Work 020 7456 2431
Email:
Linklaters Business Services

Work Department

Banking.

Position

Annette specialises in acquisition financing and debt restructuring transactions in acting for both financial arrangers and private equity sponsors.

Career

Annette is a senior banking and finance partner with extensive experience of cross border leveraged finance transactions. She regularly advises financial institutions and alternative credit providers, corporates, private equity sponsors and their portfolio companies in mid-market and large-cap leveraged deals, as well as fund finance transactions.

Annette has a breadth of leverage product knowledge across the capital spectrum having developed and worked on a multitude of debt structures (including first out/last out, PIK, unitranche, second lien and mezzanine structures), European and U.S. Term Loan B (TLB), covenant-lite, super senior revolving credit facilities and pari high yield bond transactions, as well as the restructuring of those transactions.

Annette’s extensive knowledge of all financing options has been key to the successful execution of a number of deals for a range of clients. She has been at the forefront of developing innovative structures, especially during the increasing convergence of terms within, and between, products and markets. She has been closely involved in market developments more frequently requiring the use of the direct lending alternative credit market.

Work highlights:

Annette has led on many high-profile banking deals. Recent significant transactions where she was substantially involved include advising:

  • the mandated lead arrangers on a new TLB, RCF and bridge facility, and to the initial purchasers of the senior unsecured high yield bonds put in place for the acquisition of AeskuLab Holding, a.s. and Alpha Medical, s.r.o., two Czech/Slovakian laboratory diagnostics providers, by Unilabs, a portfolio company of Apax Partners
  • Apollo Global Management on the financing of its €3bn acquisition of Verallia, which was notable for its covenant-lite, pari loan/high yield bond structure
  • the ad hoc co-ordinating committee of first lien lenders on the €700m debt restructuring of the H.C. Stark Group
  • Alcentra on the “first out, last out” refinancing for Anacap Financial Partner’s acquisition of the First Names Group involving first out senior tranche TLB and last out senior tranche TLB to help reduced overall blended cost of capital for the borrower
  • Alcentra and Barclays Bank on the unitranche financing and super senior revolving facilities supporting CBPE Capital’s acquisition of the Anesco Group (and subsequent recapitalisation)
  • the unitranche lender and super senior revolving credit facility provider on the financing Agilitas Partners’ acquisition of the Impetus Waste Management group. The deal was notable for combining for the first time in a European transaction asset-backed lending with unitranche financing and structuring a workable Intercreditor position
  • the unitranche lender and revolving credit facility provider on the senior financing for Vitruvian Partners’ acquisition of the CRF Health group
  • Ares as second lien lender supporting Five Arrow Principal Investments acquisition of the Karnov Group
  • various funds in respect of fund finance (including capital call/subscription credit facilities)

Languages

Armenian.

Member

Annette has written many articles for a number of publications, including the Loan Market Association (LMA), the Loan Syndications and Trading Association (LSTA), Private Equity News and The Lawyer, on topics including unitranche financing and alternative lending, amongst other issues of relevance to both the private equity and leveraged finance markets.

She is often quoted in private equity and alternative lending publications, such as the Deloitte Alternative Lender Deal Tracker, and is a regular speaker at both Linklaters own and externally-sponsored seminars.

Annette co-authored “Secured Transaction Law Survey, The Legal Framework for Secured Credit: An Australian Perspective – Taking, Maintaining And Enforcing Security”, (Butterworths Journal of International Banking and Finance Law, Volume 16 (2), (3) February-March 2001).

Education

Annette studied law and commerce at the University of New South Wales.

Annette is a dual qualified English and Australian solicitor, and previously practised at Mallesons in Australia.

She speaks English and Armenian.


London: Finance

Acquisition finance

Within: Next generation lawyers

Annette Kurdian - Linklaters LLP

Within: Acquisition finance

Benefiting from a vast roster of practitioners focusing on leveraged and corporate acquisition finance out of London and also able to tap into the firm's impressive international network of offices,¬†Linklaters LLP¬†is 'able to staff appropriately on tight timelines' and provide a 'very strong service which is attuned to the latest market developments' to banks, alternative capital providers, corporates and private equity sponsors.¬†Adam Freeman¬†heads up the leveraged finance sub-group at the firm and has strong credentials among many leading banks in the market; alongside¬†Robert Burt, Freeman recently advised the arrangers and underwriters on the complex financing involving TLB, second lien and revolving credit facilities for Blackstone and CVC to fund their acquisition of Paysafe plc. On the borrower front,¬†Oliver Sceales ¬†has handled numerous matters for The Carlyle Group including recently advising it on a ‚ā¨320m European cov-lite TLB facility and¬†‚ā¨80m revolving credit facility to fund its acquisition of Praesidiad from CVC Capital Partners.¬†Annette Kurdian¬†is 'excellent on tricky transactions' on behalf of banks and alternative lenders; alongside the 'experienced'¬†Nick Syson, and on the US high yield front¬†Mark Hageman, she recently advised the arrangers/underwriters¬†(including BNP Paribas and Credit Suisse) on the cov-lite TLB, revolving credit and bridge facility to fund Unilabs'¬†(an Apax Partners portfolio company) acquisition of AeskuLab Holding and Alpha Medical.¬†Edward Aldred¬†and¬†Daniel Gendron ¬†are also recommended.

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