Independent debt advisory firm Tomorrow Partners has signed three transactions over a busy summer period, following the recent launch of its high yield advisory service.
The firm advised Lion Capital and its portfolio company HEMA, the Dutch retailer, on a successful “amend and extend” of circa EUR900m of senior, second lien, mezzanine and PIK facilities which closed on 1 August 2013.
The HEMA deal followed Tomorrow Partners advising HSS, a hire services company backed by Exponent, on raising add-on financing for its acquisition of the UK platforms business of Haulotte Group, which closed on 30 June.
More recently, the firm advised on the raising of committed financing for a further sponsor acquisition which signed in mid-July but further details of which are confidential pending completion of the transaction, which is envisaged to take place in September.
Jonathan Rowland (pictured), co-founder, says: “We are very pleased to have advised on a range of different financing situations, all of which have had a degree of complexity which plays to our deep experience across the full leveraged finance product spectrum.”
Co-founder Neil Thomson says: “We continue to work in partnership with our clients to find innovative financing solutions to their needs, be it for new deals or the re-working of existing capital structures. We are delighted to provide our clients with the combination of strategic advice and best-in-class execution.”
