The Firm recently represented TDR Capital LLP in connection with the financing of its acquisition of IMO Car Wash, including (i) a Rule 144A and Regulation S offering of €240 million aggregate principal amount of 6.625% Senior Secured Notes due 2019, issued by a finance affiliate of IMO Car Wash, (ii) a £190 million Bridge Facility Agreement and (iii) a £20 million Revolving Credit Facility Agreement. IMO Car Wash is the world’s largest independent conveyor car wash company by number of sites, with market-leading positions in Germany and the United Kingdom. The acquisition of IMO Car Wash closed on July 16, 2014.
The Simpson Thacher team for the IMO Car Wash transaction included Stephen Short, Linn Mayhew, Dee Afolami and Henry Ryder (Credit); Nick Shaw, Federico Fruhbeck and Adam Wollstein (Capital Markets); and Sean FitzGerald (Tax).
