Goldman Sachs Finances BUT Acquisition
March 31, 2008
Cleary Gottlieb represented Goldman Sachs European Real Estate Banking in connection with its origination of €280 million secured real estate financing extended to the consortium which acquired BUT, S.A.S., the furniture and electrical division of Kesa. The transaction involved complex inter-creditor arrangements between the corporate and real estate lenders. The deal closed on March 31.