Ashurst advises BNP Paribas and MUFG Bank on acquisition facilities for Inchcape plc
02 August 2022
Global law firm Ashurst has advised BNP Paribas and MUFG Bank, Ltd. (acting as underwriters, bookrunners and mandated lead arrangers) on acquisition facilities to support the proposed £1.3 billion cash and shares acquisition by Inchcape plc, the leading independent multi-brand global automotive distributor, of Derco, the largest independent automotive distributor in Latin America. The new facilities comprise a £350 million bridge facility and a £250 million term loan facility.
The Ashurst team was led by London global loans partner Nicholas Moore, supported by counsel Darren Phelan and trainee solicitor Greg Scott.
