Milbank LLP advised funds managed by Strategic Value Partners LLC and its affiliates (“SVPGlobal”) on its (i) acquisition of OmniMax International, Inc. and its subsidiaries (“OmniMax”), the leading national manufacturer of residential roof drainage systems and a top supplier of products for outdoor living, recreational vehicle, and other building end markets and (ii) related senior secured term loan facility, delayed draw term loan facility and revolving credit facility.
OmniMax has operations in the United States, Canada and the United Kingdom and markets its products globally under several trade names including Amerimax and Berger. The Company's high-growth outdoor living business is a manufacturer of outdoor shade and exterior structures through brands such as Equinox, Alumawood, and Knotwood. OmniMax is also a leading supplier to the recreational vehicle industry, which is benefiting from strong outdoor recreation and living trends.
SVPGlobal is a global investment firm with approximately $10 billion in assets under management. The firm was established in 2001, has 121 employees, including 49 investment professionals, across its main offices in Greenwich (CT), London and Tokyo.
The Milbank team was led by Global Corporate partners Bob Kennedy and John Franchini, with associates Aaron Stine, Dan Valenza, Alex Shapos, Frank Pensabene and Stephen Tomasulo, Financial Restructuring partner Evan Fleck with associate Benjamin Schak, and Global Leveraged Finance partner Marc Hanrahan, with associates Ashley Rose, Benjamin Eisenstein, Lindsey Kell and Greg Arpino.
Antitrust partner Fiona Schaeffer and associate Andrew Wellin, Tax partner Max Goodman, Environmental partner Matt Ahrens, Employment partner Joel Krasnow, of counsel Jane Hanson and associates Christina Skaliks and Katherine Soanes, Intellectual Property special counsel Nathaniel Browand and Global Risk & National Security associate Pinky Mehta, also advised on the transaction.