Latham & Watkins advises the Banks in connection with the €620 million acquisition financing of THOM Group by Goldstory
Altamir has signed an offer letter with Bridgepoint and certain other sellers to purchase 100% of THOM Group, the holding company for the jewelry retailer operating stores under the Histoire d’Or, Marc Orian, TrésOr, Stroili, OROVIVO, and Franco Gioielli banners, primarily active in France and Italy. As part of the financing of the acquisition, Goldstory, a portfolio company of Altamir, has issued €370 million aggregate principal amount of 5.375% senior secured notes due 2026 and €250 million aggregate principal amount of floating rate senior secured notes due 2026. The proceeds of the notes have been placed in escrow until the completion of the acquisition.
Latham & Watkins advised J.P. Morgan, BNP Paribas, ING Bank and Société Générale as joint bookrunners in connection with notes offering and as mandated lead arrangers in connection with the €90 million revolving credit facility for Goldstory. The Latham team was led by partners Thomas Margenet-Baudry and Roberto Reyes Gaskin, assisted by associates Thibault Meynier and Pierre Brûlé on capital markets aspects; partner Lionel Dechmann, assisted by associates Olivier Stefanelli, Chiraz Kmar Turki and Fanny Barrière on banking matters; partner Olivia Rauch-Ravisé, assisted by associate Alexis Caminel for French tax aspects; and partner Marcello Bragliani assisted by associates Erika Brini Raimondi and Maria Cristina Grechi for Italian law matters.