Baker & McKenzie is acting for US Private Equity firm Altamont Capital Partners on Billabong International’s A$325m debt refinancing. Under the deal, the Altamont consortium will acquire up to 40 per cent of the surf wear company, and its action-sports and outdoor-accessories brand, DaKine.
It has been agreed that two new directors will be appointed to Billabong’s board and Scott Olivet will take over as Chief Executive Officer.
The Baker & McKenzie team is being led by partner Steven Glanz. He is being assisted by partners Kate Jefferson (Corporate), Howard Fraser and George Harris (Banking), John Walker (Tax) and David Walter (Insolvency), senior associates Gaynor Tracey and Joanna Byers and associate Cathy Chan.
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