Linklaters advises on Nexture (Investindustrial)’s acquisition financings

A cross-border Linklaters team has advised the pool of banks on a new offering by Nexture of senior secured floating rate notes, totalling €500m, as well as a revolving credit facility upsize of €70m. The proceeds of the offering, following release from escrow, will be used to finance Nexture’s strategic acquisitions of the Frulact group and of the Sipral group and for general corporate purposes. Previously, the team had also advised the banks on the committed financing to support the acquisition of Frulact.

Nexture (Investindustrial) is a leading international platform active in the food ingredients market, resulting from the milestone combination of the industrial and technological expertise of CSM Ingredients Group and Italcanditi Group.

The Linklaters high yield team was led by partner Giacomo Realiand included US associates Kimberly Martin and Makenna Cherry.

The Linklaters banking team was led by London partner Angus Graham, together with Milan counsel Marco Carrieri, supported by managing associates Maria Chiara De Biasio and associates Alice de Vita, Chiara Buscicchio and Vivien Ding.

A cross-border tax team, coordinated by partners Roberto Egoriand Michelle Lo, alongside counsel Fabio Balza and Omer Harel, and associates Matteo Feliziani, Eugenia Severino and Young Jin Kim advised on Italian and US tax matters. Advice was also provided by teams in Luxembourg and Germany as to matters of banking law.