Ropes & Gray has advised Oriflame in connection with a comprehensive recapitalisation announced by Oriflame on March 18, 2025. The transaction delivers a substantially de-levered and sustainable balance sheet with a debt reduction of approximately €520 million and a meaningful maturity runway.
The recapitalisation includes injection of new capital of €50 million from consortium of long-term investors and the af Jochnick family. The transformative transaction secures the long-term future of Oriflame, supporting the livelihood of its passionate and dedicated community members around the world. The transaction is expected to close in the first half of 2025 subject to satisfaction of conditions precedent and approval from other creditors, including the RCF lenders.
The transaction is yet another complex restructuring led by Ropes & Gray’s European team this year, following on the historic agreements recently announced by Altice France S.A. and Altice France Holding S.A., reflecting the continued expansion of Ropes & Gray’s global liability management practice.
The Ropes & Gray team included Matthew Czyzyk (Restructuring), Michael Kazakevich (Finance), Benoit Lavigne (Finance), Andrew Howard (Tax), Sean Seelinger (Litigation and Enforcement) with support from Natalie Blanc, Luwam Mezue, Sean Darling, Kevin Nordin, Natalie Raine, Hoey Lee, Benjamin Cooper, Caroline Vorce, and Edward Olsen.
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