Slaughter and May advised Jewel UK Midco Limited, a member of The Watches of Switzerland Group, on its entry into a new $115,000,000 term loan facility in connection with the acquisition of luxury jewellery distributor Roberto Coin Inc.

Slaughter and May advised Jewel UK Midco Limited, a member of The Watches of Switzerland Group, on its entry into a new $115,000,000 term loan facility (the “Facility”) to fund the acquisition of luxury jeweller distributor Roberto Coin Inc., an associate company of Roberto Coin S.p.A., for a total consideration of $130,000,000 (of which $10,000,000 is deferred for one year and contingent on the future profitability of the acquired business), subject to working capital adjustments (the “Acquisition”).

The Watches of Switzerland Group is the UK’s largest luxury watch retailer, operating in both the UK and the US. The Facility and the Acquisition will enable The Watches of Switzerland Group to enhance its strategic positioning in the luxury branded jewellery category in the United States.

Financing
Richard Jones Partner
Paul Duncan Associate
Adriana Bica Associate
Tax
Alison Lim Associate