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Latham & Watkins Advises on Multibillion-Dollar Financing to Support Ali Group’s Acquisition of Welbilt

Ali Holding S.r.l., one of the largest and most diversified global leaders in the foodservice equipment industry, has announced that it has completed its previously announced acquisition of Welbilt, Inc.

A cross-border Latham team represented the lead arrangers in a financing to support the transaction comprising a US$2.25 billion term loan B, a US$1.25 billion Euro-equivalent term Loan A and a US$250 million revolving credit facility, which included a banking/finance team led by New York partner Alfred Xue, London partner Hendrik Smit, Milan partners Marcello Bragliani, and Jeff Lawlis, and New York counsel Seung-Ju Paik, with associates Erika Brini Raimondi, Michela Mancini, Tulika Sinha, Simona Di Marcantonio, Deena Smith, and Ian Luby. Advice was also provided on tax matters by New York partner Bora Bozkurt, with New York associate Michael Yu and Madrid associate Blanca Vazquez del Castro; on uniform commercial code matters by New York partner Larry Safran and New York counsel Brian Rock; and on IP matters by New York partner Jeffrey Tochner.

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