Kirkland & Ellis International LLP advised KKR on its agreement to provide €100 million in direct lending for the Italian coffee vending machine operator, Gruppo Argenta.
The investment is composed of mostly new loans, which will provide the company with cash for acquisitions and to refinance its existing mezzanine debt. The terms of the investment are confidential, with completion scheduled for the end of January 2014.
The Kirkland team was led by London-based restructuring partner Kon Asimacopoulos with debt finance partners Philip Crump and Samuel Norris and corporate partner Christian Iwasko, and associates Fatema Orjela, James Brenton, Warren Stapley and Conal Honan.
Kirkland & Ellis International LLP previously advised KKR in its direct lending of €320 million to Spanish building materials company, Uralita SA, and in the restructuring of the Dutch childcare provider, Estro Group. Both transactions took place in 2013.