Milbank Advises Investors in €130 Million Second-Lien Financing for Acquisition of Belgium’s Corialis Group by CVC Capital Partners

 Milbank, Tweed, Hadley & McCloy LLP’s Leveraged Finance Group advised a consortium of international investors providing €130 million in second-lien financing for the acquisition of Belgium-based Corialis Group, a maker of residential and light commercial aluminum profile systems.

Corialis Group was acquired by CVC Capital Partners, one of the world’s leading private equity and investment advisory firms with over US$52 billion in assets under management, in a transaction totaling €635 million of term debt, of which €130 million was second-lien, plus a €125 million revolving credit facility. Corialis, which designs and manufactures aluminum components for doors, windows, conservatories, balustrades, and other design features, was previously owned by global private equity and investing firm Advent International.

Suhrud Mehta, head of the firm’s European Leveraged Finance Group and co-managing partner of the London office, led the deal team with Leveraged Finance special counsel Miko Bradford and Tax special counsel Matthew Mortimer, as well as Leveraged Finance associate Danielle Brown and tax associate Luke Vassey.