Simpson Thacher Advises Hillhouse Investment and Versuni on $2.225 Billion Debt Refinancing Transactions
The Firm represented Hillhouse Investment and its portfolio company Versuni in connection with refinancing transactions consisting of (i) a €1.675 billion credit facility entered into by Versuni Group B.V. and (ii) a Rule 144A/Regulation S offering of €550 million aggregate principal amount of 5.750% senior secured notes due 2033. The proceeds were used to refinance the Group’s existing credit and capital markets financings.
Hillhouse Investment is a global private equity firm managing over US$100 billion and partnering with industry-leading management teams across the healthcare, consumer and industrial sectors. Versuni is a global leader in home appliances and the former domestic appliances division of Philips, marketing brands including Philips, Saeco and Gaggia.
The Simpson Thacher team included Dan Peach, Tom Lort and Anna Martinen (Credit); and Nick Shaw, Surya Bala, Ziang Zhou, Yun Kei Chow and Lionel Schor (Capital Markets).