16 July 2004, -LAWFUEL – DLA LLP has advised ING Bank NV London Branch…

16 July 2004, -LAWFUEL – DLA LLP has advised ING Bank NV London Branch (ING) and the Royal Bank of Scotland (RBS) on their provision of Senior and Mezzanine debt funding, which was utilised in part to fund the acquisition of the SafetyKleen Group by JP Morgan Partners and some of the existing management.

This is the first time DLA have acted for ING on a leveraged finance transaction. RBS is an existing client of DLA.

Banking partner Philip Butler led the DLA team advising on the transaction and was assisted by fellow banking partners John Cutler and David Miles. Banking solicitors Brendon Pinch, Tamsyn Mileham, Michelle Tarpey and Ben Barrison made up the rest of the banking team. Corporate, real estate and environmental assistance and advice was provided by Charles Severs, Alison Gowman and Fiona Paddon respectively.
Philip Butler said: “Given the competitive nature of the bidding process for this transaction, it was a particularly satisfying mandate to win. We had to mobilise a large team to deal with the due diligence and documentation process to enable the deal to sign as soon as possible. Four days from start to finish is certainly the quickest deal I have been involved in and the manner in which we were able to deliver is a testament to the superb efforts of the whole DLA team and the advisors on all sides. Solicitors and secretaries went without sleep for days to deliver what turned out to be the winning bid. We are all delighted to have been involved in such an exhilarating transaction.”

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