International law firm Weil, Gotshal & Manges has advised new London office client Aston Martin Holdings (UK) Limited (“Aston Martin”), British manufacturer of luxury sports cars, in connection with a private offering of $165 million of high yield PIK notes.
The team was led by London based head of European High Yield, Gil Strauss, who was assisted by high yield associates Patrick Bright, Meghan Stanton and Drew Hodel, and banking associate Amy Kennedy. Latham & Watkins advised the investor.
This latest transaction follows a busy start to 2014 across the London office, having advised on numerous headline matters throughout Q1, including: the principal shareholders (Providence Equity Partners, CCMP, THLee and Quadrangle) on the €7.2 billion sale of Ono to Vodafone; the lenders financing Advent International and Bain Capital’s $3.1bn acquisition of Nets; the first CLO priced in 2014, the €413.5 million Jubilee CLO 2014-XI transaction; the Littlewoods group on its landmark £1.2 billion High Court victory in a dispute with HMRC concerning interest on overpaid VAT; and our Restructuring team was recently recognised as “Restructuring Team of the Year” at the 2014 Legal Business Awards for our ongoing lead role working alongside KPMG as Special Administrators in the ground-breaking and “historic” case of MF Global UK’s special administration.
