Milbank Advising on Financing for Carlyle’s Acquisition of Altadia Group

Milbank LLP is advising the mandated lead arrangers in relation to the senior secured term loan B and senior secured revolving credit facility financing for Carlyle’s acquisition of Altadia Group, the largest global manufacturer of intermediate products for ceramic tile production, from LoneStar.

Headquartered in Castellon, Spain, Altadia was formed in 2021 as a result of the transformational merger between Esmalglass-Itaca and Ferro Tile Coatings. Altadia employs more than 3,600 people across 19 countries, with a global manufacturing footprint consisting of 32 production plants and 19 distribution centres. 

The Milbank team is led by European Leveraged Finance/Capital Markets partners Suhrud Mehta and Miko Bradford and associates Peetra Anderson-Figueroa, Tom Neilson, James Szauer, Giulia Petragnani Gelosi, with assistance from Tax special counsel Alan Rafferty, associate Pranav Subhedar and, Corporate associates Helen Sutcliffe and Kate Meils.