August 31, 2004 LAWFUEL – Best for law, law news, legal news, legal articles Phillips Fox has advised Barclays Bank PLC on its arrangement and provision of senior and mezzanine debt funding for the $A380 million leveraged buyout of the Survitec Group by Montagu Private Equity.
The Survitec Group is a global market leader in design, manufacture, distribution and servicing of safety and survival equipment. It serves the marine, military, aerospace and homeland security markets.
Finance senior associate, Ben Burney, led the Phillips Fox team assisted by finance senior associate, Adam Fuller, finance partner, David East and tax partner, Peter Charteris.
Burney said “This is the fifth significant cross-border buyout in the last nine months where we have acted for the UK- based arranger and syndicate lenders. This, along with the information that we are receiving from London, certainly seems to indicate that the pan-European leveraged finance market, after a comparatively flat period, is again strengthening.”