Top searches

PL

Resources

B2RLaw advises on large international GBP 475 million refinancing

30/11/2020

B2RLaw has advised a consortium of banks, Goldman Sachs International and Barclays as global coordinators and joint bookrunners, and HSBC and NatWest Markets as joint bookrunners on Boparan Finance plc’s GBP 475 high yield Senior Secured Notes offering.

Boparan Finance plc is a subsidiary of the 2 Sisters Food Group, a UK originating food and restaurant holding group, and the largest food company in the UK by turnover supplying retailers such as Aldi and Tesco. It is one of the largest chicken producers in Europe. The company owns 44 manufacturing sites in the UK, Ireland Netherlands and Poland. The business is controlled by two shareholders, Ranjit Singh Boparan its president and board member, and Baljinder Kaur Boparan, his wife.

The new financing package also includes a new GBP 80 million revolving credit facility. The notes offering and new revolving credit facility are part of a full structure recapitalization of the group.

B2RLaw provided full Polish advice to the banks, working closely with lead international counsel to the banks, Ropes & Gray. Paul Hastings acted as lead international counsel to the Company.

B2RLaw’s team was led by Partner Szymon Syp with Partner Przemysław Krzemieniecki and Senior Associate Iga Wojtczak – Opala in support.

Szymon advises, “we are very pleased to have worked on this transaction and congratulate all the parties and advisors involved. This year has been especially tough on the food production and restaurant industries. However, the recent announcement of COVID-19 vaccines being highly effective has meant that the international bond market is hot now, as markets see light at the end of what has been a long dark tunnel. This bond issue will help 2 Sisters Food Group continue its operations and prosper.”

View more resources

Catch up on the very latest B2RLAW
announcements and news here.

27/08/2021

B2RLaw advises early stage technology company The Village Network on financing received by Movens Capital

B2RLaw has advised The Village Network, a Polish company creating Wioski.co, which is run by three female entrepreneurs, and supports […]

MORE
11/08/2021

B2RLaw further strengthens Real Estate Practice to create all-star team

B2RLaw has appointed Andrzej Zając as Counsel to its Real Estate Practice. Andrzej is a next generation leader with a […]

MORE
24/06/2021

B2RLaw advises Kennet Partners and Digital+ Partners on their USD 30 million equity investment in eStoreMedia

B2RLaw has advised growth equity investors Kennet Partners and Digital+ Partners on their USD 30 million equity investment in Polish […]

MORE
14/06/2021

B2RLaw named Venture Capital Legal Advisor of the Year at the PSIK Awards 2021

B2RLaw is celebrating after being awarded Venture Capital Legal Advisor of the Year at the Polish Private Equity and Venture […]

MORE
09/06/2021

Edyta Zalewska joins B2RLaw’s Partnership, and six lawyers are promoted

B2RLaw has announced Edyta Zalewska as Partner in its 2021 promotion round, effective as of 1st May 2021. B2RLaw is also […]

MORE
11/05/2021

B2RLaw shortlisted as a finalist of the PSIK Awards 2021 for Venture Capital Legal Advisor of the Year

B2RLaw is pleased to advise that it has been selected as a finalist of the PSIK Awards 2021 for Venture […]

MORE

Get in touch

Not sure who to contact? Let us help you find the right lawyer.

This site uses cookies to improve your experience More information.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close