June 25, 2018 (London) – Advising on the largest GBP second lien financing this year, international law firm Proskauer represented Partners Group, which invested on behalf of its clients, and the other second lien lenders in the £285 million second lien financing to support Motor Fuel Group’s acquisition of MRH, the UK’s largest petrol station and convenience retail operator. The second lien financing accompanied a £1.2 billion equivalent senior financing underwritten by several investment banks. Motor Fuel Group is majority owned by Clayton, Dubilier & Rice.
With $74 billion in assets under management, Partners Group is one of the largest private markets investment managers in the world.
The Private Credit Group at Proskauer was the first to dedicate its practice solely to representing providers of private credit and is widely regarded as a pioneer in the field. Representing over 50 private credit clients, including private debt funds, asset managers, finance companies, sovereign wealth funds, business development companies and family offices, Proskauer's Private Credit Group advises on financing transactions ranging from $10 million to more than $1 billion across a myriad of product types and industries.