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Allen & Overy advises banks on Permira-owned CABB group’s high yield bond and RCF refinancing

A&O advised initial purchasers and arrangers on CABB group’s EUR670 million senior secured floating rate notes and 8.75% senior secured fixed rate notes due 2028 and a new EUR110 million revolving credit facility. 

CABB group, owned by Permira funds since 2014, is a leading crop science development and manufacturing (CDMO) and fine chemistry manufacturer, supplying customized active ingredients and high-complexity and high-purity chemical ingredients to customers in the life science and performance markets.

A&O assembled a deal team across its London, Frankfurt, Munich, Luxembourg and New York offices, showcasing the firm’s ability to provide coverage across all of Europe’s financial centres as well as in the US.

The transaction was led by the London high yield and leveraged finance partners Brad Weyland and Nicholas Clark, senior associates Angela Ryu and Matthew Short, and associate Simba Gonondo. Associates Ryan Prithraj, Valerio Di Mascio, Ariel Aiash, Lachlan Shaw, Oriana Leung, Qi Xie and trainee Max Taylor also assisted on the transaction.

Other team members providing cross-border advice included Walter Uebelhoer, Heike Weber, Ilja Baudisch, Rauni Ahammer, Joerg Weber and Sebastian Hanke (Frankfurt and Munich); Paul Peporte, Pierre-Henry Maroteaux, Eugene Welter and Franz Kerger (Luxembourg); and Elizabeth Leckie, Penelope Yan, John Azzopardi and John Hibbard (New York).