Press Release

AlixPartners advises Rubicon Partners on debt raising to support its acquisition of John Lawrie Group

November 2017

London (21 November) – AlixPartners, the global consulting firm, announces that its debt advisory team has advised Rubicon Partners, the specialist mid-market industrial investor, on its debt raising to support the acquisition of John Lawrie Group (“John Lawrie”), a market-leading metal recycling and tubular steel trading business which operates from Aberdeen and Houston, Texas.

Following a competitive debt raising process managed by AlixPartners, Rubicon Partners secured senior debt facilities comprising term, committed expansion and working capital facilities, from Lloyds Banking Group plc (Bank of Scotland), via its Strategic Debt Finance team and Santander UK plc, via its Structured Finance, Financial Sponsors team. Proskauer Rose LLP acted as legal counsel to Rubicon Partners.

Tom Cox, a Director in AlixPartners’ debt advisory team, commented:

“John Lawrie is a unique business with market leading capabilities serving the oil, gas and construction markets. With that in mind, the financing required deep credit analysis to structure a deal that met the requirements of all stakeholders. We were delighted to advise Rubicon Partners on this exciting acquisition which aligns perfectly with our capability to deliver complex financings for deals with significant upside potential.”

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