Lawfuel – The Law Newswire – London – DLA Piper has advised Kaupthing Bank HF. on its provision of £139 million senior debt funding which was utilised in part to refinance existing indebtedness of JN Group Limited and its subsidiaries. This refinancing follows on from the management buy-out of Jane Norman (Holdings) Limited and its subsidiary Jane Norman Limited in July 2005 which DLA Piper acted on, and which was funded by Kaupthing Bank HF. and backed by Baugar Group and Kaupthing Principal Investments.
Jane Norman is a women’s fashion retailer with stores and concessions across the United Kingdom and Ireland.
Peter Crichton, DLA Piper’s lead banking partner on the deal commented:”We are delighted to have once again been involved with Kaupthing Bank HF. with whom we have a strong relationship. We are pleased to support their business and we wish Jane Norman every success.”
The DLA Piper team was led by Banking partner Peter Crichton, assisted by Tamsyn Mileham, Katy Byatt and Smridhi Gulati.
For further information:
Nick Bell, Media Relations, DLA Piper, Tel: +44 (0)20 7153 7127 or email nick.bell@dlapiper.com
