International regulation agency Clifford Chance is advising non-public fairness agency Cinven on the financing for the acquisition of the Maroon Group by Barentz, a worldwide speciality substances distributor acquired by Cinven in 2019. The transaction features a complete refinancing for the mixed group. Clifford Chance additionally suggested Cinven in relation to the acquisition of Barentz final yr.
The acquisition of Maroon, a number one specialty distributor within the US and Canada, is a key milestone to Barentz turning into a worldwide chief within the life science and broader specialty chemical industries.
Clifford Chance has a longstanding relationship with Cinven and not too long ago suggested Synlab, the Cinven-backed pre-eminent scientific laboratory providers firm in Europe, on a €850 million hybrid refinancing, together with an progressive and sophisticated extension of loan and floating price observe traces into a brand new TLB.
The deal workforce is led by Taner Hassan and Richard Day in London, with Hans Beerlage and Folko de Vries in Amsterdam, and includes a multi-jurisdictional workforce from throughout finance, company and different practices.