Global Finance SA has sponsored a leveraged buyout of Greek healthcare group Euroclinic from Eureko BV, for an undisclosed amount. Eureko will retain a 25% equity interest in Euroclinic. Proskauer Rose advised Global Finance on the deal.
Proskauer Rose LLP, a global law firm with 800 lawyers worldwide, announced it has advised Global Finance SA on the completion of its leveraged buyout of Euroclinic, the Greek health care group, from Eureko BV, the Dutch financial services group. HSBC acted as the lead debt provider in the transaction.
Under the terms of the deal, Eureko BV will retain a 25 percent equity interest in the new holding group. The transaction exchanged in July 2008. By leveraging their expertise in health care, Global Finance and Eureko intend to build and leverage a long-term partnership to further invest in the sector and develop and provide innovative, high-quality products and services.
Proskauer continues to grow its practice in London specializing in private equity and alternative investments, including advising on the formation of new funds, buyouts and exits. The Global Finance deal was led by Matthew Hudson, with senior associate Eamon Devlin and associate Nick Vasquez conducting the transaction. In addition, senior counsel Tim Drake advised on the debt financing, Herschel Goldfield, senior counsel in Proskauer’s New York office, advised on health care matters and Mark Masters in the firm’s Boston office advised on finance matters.
Global Finance also received advice from A.S. Papadimitriou & Co, the Greek law firm, and Dutch law firm Nauta Dutilh. Linklaters and Greek law firm Sarantitis acted for the seller. Norton Rose acted as the Mandated Lead Arranger for the debt.
Global Finance SA is an independent investment firm that has pioneered private equity and venture capital in southeastern Europe. Eureko BV is the Netherland’s second-largest financial services group.
About Proskauer Rose
Proskauer Rose, founded in 1875, is one of the world’s largest law firms, providing a wide variety of legal services to clients throughout the United States and around the world from offices in Boca Raton, Boston, Chicago, Hong Kong, London, Los Angeles, New Orleans, New York, Newark, Paris, São Paulo, and Washington, D.C. The firm has wide experience in all areas of practice important to businesses and individuals including corporate finance, mergers and acquisitions, general commercial litigation, corporate governance matters, conducting internal corporate investigations, white collar criminal defense, private equity, hedge and fund formation, patent and intellectual property litigation and prosecution, labour and employment law, real estate transactions, bankruptcy and reorganizations, trusts and estates, and taxation. Its clients span industries including chemicals, entertainment, financial services, health care, information technology, insurance, internet, lodging and gaming, manufacturing, media and communications, pharmaceuticals, real estate investment, sports, and transportation. The firm can be found online at http://www.proskauer.com.