Simpson Thacher represented the Lenders (including, among others, Kartesia) on a holdco PIK financing for Foresco.
Kartesia is a pan-European specialist provider of financing solutions, focused on offering customized resources across the capital structure to leading mid-market companies from a wide range of industries, with the aim of accelerating their pace of growth. Kartesia manages over €7.5 billion in assets and is operated by a team of more than 130 experienced professionals across investment and operating teams led by its 3 founding Managing Partners. The organization has offices in Amsterdam, Brussels, London, Luxembourg, Madrid, Milan, Munich and Paris. For more information visit: www.kartesia.com.
Foresco is a leading European provider and market leader in the Benelux region specializing in wooden pallets and industrial packaging solutions. Headquartered in Genk, Belgium, the company manages the full lifecycle of logistics packaging, from new production and repair to collection and circular reuse.
The Simpson Thacher team included Hadrien Servais, Eline Souffriau and Kacper Sztejter (Credit).