Sidley represented ACPS Automotive ('ACPS'), a portfolio company of TowerBrook Capital Partners ('TowerBrook') and Bridgepoint, on a successful debt refinancing provided by a club of lenders.
Sidley previously advised on TowerBrook's original acquisition of ACPS in 2018, and ACPS’s subsequent successful financial restructuring in 2020.
Headquartered in Germany, ACPS is an innovative manufacturer of tow bars for original equipment manufacturers, with facilities in Germany, Hungary, and Mexico. ACPS is a global leader in the premium segment, currently operating five research and development centres and holding 197 patents. ACPS first invented the retractable tow bar in the early 2000s, and in 2010 introduced the first fully electric retractable tow bar.
Investment management firm TowerBrook has invested in more than 90 portfolio companies and raised in excess of US$23.2 billion from investors to date. Bridgepoint is one of the world's leading private asset growth investors, with more than €41 billion of assets under management.
The Sidley team was led by partners Bryan Robson and William Gwyn (Global Finance). They were supported by partner Markus Feil, managing associate Aditya Singhania, and associates Esther Crang, Henry Sasse, and Christian Axhausen (all Global Finance), and partner Steve Quinn and trainee solicitor Ryan Power (Tax).
