Gide advises on successful recapitalisation of KPS Capital Partners portfolio company, Chassis Brakes International
24 July 2017
Deals | EU | Banking & Finance | M&A
Chassis Brakes International Group, portfolio company of KPS Capital Partners, has completed its second successful recapitalisation. The proceeds of the recapitalisation will be used to fund a cash distribution to stockholders, refinance the company's capital structure, purchase Robert Bosch GmbH's financial interests in the company, and provide resources for investments in technology and growth.
Financing for the transaction was provided by KKR Credit and Gide advised Chassis Brakes International Group in connection with the financing and security agreements entered into with KKR.
The following jurisdictions were involved: Luxembourg, The Netherlands, France, Brazil, Mexico, Poland, the State of Delaware, Germany and Spain. Gide London worked with and coordinated NautaDutilh in Luxembourg and the Netherlands; Cuatrecasas in Spain, Mexico and Brazil; Gleiss Lutz in Germany; Gide in France and Poland; and Paul, Weiss, Rifkind, Wharton & Garrison LLP in New York.
The Gide team was led by partners Nadège Nguyen and Dimitrios Logizidis with tax partner David Klass, counsel Will Oliver; and associates Sarah Whitley, Jeremie Bismuth and Hugo Nocerino.