LONDON -LAWFUEL – Europe & UK Business & Law – Allen & Overy advised UniCredit Group (HVB) on the NOK3.1 billion (approximately GBP250 million) senior, second lien and mezzanine facilities for the NOK4.7 billion (approximately GBP380 million) secondary buy-out of Plantasjen, a Nordic operator of garden centres. The acquirer is Plant Bidco AS, a bid vehicle controlled by funds advised by Apax Partners.
Plantasjen’s stores provide a wide assortment of products for gardens and terraces as well as cut flowers and house plants and Plantasjen is now the leading Nordic garden centre chain with 72 stores across Norway, Sweden and Finland.
The Allen & Overy team was led by banking partner, Andrew Bamber and senior associate, Jon Richards with assistance from Doug Murning, Anna Waters and Rob Haslam. Freshfields acted for Plant Bidco AS.
For further information please contact Campbell McIlroy ([email protected]) on +44 (0)20 7330 2783 or Caroline Livesey
([email protected]) on +44 (0)20 7330 4380.