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Acqua & Sapone Completes Private Placement of Senior Secured Notes
- Client News
- February 25, 2025
Paul, Weiss advised Bubbles Bidco S.p.A., the holding company of the Acqua & Sapone group and a portfolio company of TDR Capital LLP, on the issuance and private placement of €75 million of additional senior secured notes due 2031 to certain institutional investors.
Acqua & Sapone is Italy’s leading non-food discount retail brand, selling a wide range of household and cosmetic products. Proceeds from the private placement will be used to finance a bolt-on acquisition and for general corporate purposes.
The Paul, Weiss team was led by corporate partners Matthew Merkle, Nicolò Ascione and Neel Sachdev, and included tax partner Timothy Lowe and counsel Samir Kurani.