Patrick Kwak

Recent examples of Patrick’s work include advising:

• Adevinta, a leading European online classifieds group backed by a consortium of shareholders including Blackstone and Permira, on financing arrangements to refinance its existing debt facilities and facilitate a distribution to shareholders.
• ADVANZ PHARMA, a Nordic Capital portfolio company, in connection with the issuance of €917 million (equivalent) in new euro- and pound sterling-denominated senior secured notes and the borrowing of a €165 million term loan B facility.
• Clearlake Capital in its US$7.7 billion take-private acquisition of Dun & Bradstreet, a global provider of business decisioning data and analytics.
• Belron UK Finance plc on its €4.2 billion (equivalent) senior secured note and term loan financing, the proceeds of which were used to pay an extraordinary dividend to its shareholders.
• Permira and Blackstone-led consortium on the private credit loan financing for the €14 billion voluntary tender offer to acquire all of the outstanding ordinary shares in Adevinta ASA.
• EQT and Limacorporate on the refinancing of its existing senior secured notes and holdco PIK financing and in the subsequent sale of Limacorporate to Enovis.
• The EQT-led consortium on financing for the £4.5 billion recommended cash offer of Dechra Pharmaceuticals PLC.
• Nordic Capital on its acquisition of ADVANZ Pharma, as well as subsequent acquisition financings by ADVANZ Pharma.
• Hellman & Friedman on acquiring Verisure and subsequent financings totaling over €8 billion (equivalent).
• A consortium led by EQT Partners (EQT) in connection with its acquisition of Cerba and Cerba’s subsequent acquisition of Lifebrain.
• A consortium led by EQT and Abu Dhabi Investment Authority on the cross-border financing for acquiring Nestlé’s Skin Health for CHF10.2 billion.
• CVC Capital Partners on the concurrent exchange offer and private placement with respect to its portfolio company Domestic & General.
• Youngs Seafood, a European food producer, on its debt restructuring and sale.
• Victoria PLC on multiple issuances of senior secured notes, totaling over €1 billion.
• A syndicate of dealer managers in connection with the offer by NewDay to exchange its outstanding senior secured notes due 2024 for new senior secured notes due 2026 and cash consideration.
• The lenders to the consortium of Advent, Cinven, and RAG on bond financing for their acquisition of thyssenkrupp’s Elevator, a leading international provider of elevator technology, with operations in more than 1,000 locations worldwide, headquartered in Germany.
• The initial purchasers on McLaren’s comprehensive refinancing across debt and equity.

Some of the above matters were handled prior to joining Sidley.