Ashurst advises BNP Paribas and MUFG Bank on acquisition facilities for Inchcape plc

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    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.