Sidley represented Global Loan Agency Services Limited (GLAS) and a number of its affiliates in their capacities as, amongst other things, Security Agent, Senior Secured Note Trustee, RCF Agent and Guarantee Facility Agent, in relation to the restructuring of Galapagos. The complex, multijurisdictional restructuring was implemented through the enforcement of a Luxembourg law-governed share pledge and the sale of Galapagos Bidco S.à r.l. to a holding company owned by funds managed and/or advised by Triton.
Galapagos Holding S.A. was established in 2014 by Triton as a vehicle through which to acquire the heat exchanger business from GEA Group, Germany. Galapagos Holding S.A. operates through two operational segments Kelvion, a globally active manufacturer of industrial heat exchangers which is headquartered in Bochum, Germany, and ENEXIO, a global provider of wet and dry cooling systems.
The GLAS team consisted of Brian Carne (Founder, Co-Chair and General Counsel), Mia Drennan (Founder, Co-Chair and Group President), Joanne Brooks (Head of EMEA), Paul Cattermole (Head of Trustee and Escrow Services), Juliette Challenger (Deputy General Counsel), Aric Kay-Russell (Senior Transaction Manager), Paul Fletcher (Transaction Manager) and Trever Blewer (Transaction Manager).
The Sidley team in London was led by Mark Knight (partner, Restructuring) and Jifree Cader (partner, Restructuring) with support from Alan G. Grinceri (partner, Capital Markets), Kieran Sharma (senior associate, Restructuring), Michelle Tong (senior associate, Private Equity), Jason Menzies (senior associate, Tax), William Gwyn and Martin Michalski (senior associates, Global Finance), Natasha Chan, Luke Mason and Tamara Habayeb (associates, Restructuring), Dominic J.T. Nelson (associate, Capital Markets), Saya Sharma (associate, Private Equity), Iram Tariq and Eleanor Cizeron (associates, Global Finance). Kolja von Bismarck (partner, Restructuring), Andreas Steiger, Dr. Patrick Schulz and Dominik Weickert (associates, Restructuring) in Sidley’s Munich office also assisted.