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ProfessionalsDavid Carmona

David Carmona

Tel: +44-20-7367-1609
Fax: +44-20-7367-1650

Tel: +44-20-7367-1609

20 Air Street
London, United Kingdom W1B 5AN
Fax: +44-20-7367-1650

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A partner in the Finance Group of the Corporate Department, David Carmona has experience with various types of leveraged finance transactions, including acquisition financings, corporate recapitalizations and refinancings, high yield issuances, distressed debt purchases and restructurings, particularly in the context of cross-border transactions.

David represents a number of private equity firms (including their portfolio companies) in financing-related matters.

David built his main academic background in Spain, where he graduated in Law and in Economics and obtained a Master of Business Law. Thereafter, David joined the Barcelona Bar and practiced in the fields of tax, mergers and acquisitions and antitrust law in Barcelona, Madrid and Brussels, respectively. David was the recipient of a Fulbright Scholarship to further his legal studies in the United States.


David has been involved in various matters involving Apollo Global Management and its various portfolio companies, including Lottomatica, Lumileds Holding B.V., Watches of Switzerland, Vectra Co., Hexion, Momentive Performance Materials Inc., Novitex Acquisition, Jupiter Resources Inc., Norwegian Cruise Line Holdings Ltd. and Talos Production.

David also works with the firm's other private equity clients on a variety of corporate financings and with certain of the firm's long-standing public clients, such as Expro Group and Revlon Inc.

David’s recent financing experience includes advising:

  • Funds managed by affiliates of Apollo Global Management in the financing aspects of:
    • their acquisition of the Terminals, Solutions & Services (TSS) business line from Worldline, a France-based payments servicer;
    • its €450 investment in Kem One Group, a Europe-based producer of PVC, caustic soda, and chlorinated derivatives, consisting of a €100 senior secured revolving credit facility; and
    • Aurum Group, a retailer of luxury watches and jewelry, in the raise of £265 million from a first-ever issuance of senior secured notes due 2023, a £40 million super-senior asset-based lending facility in the UK and a $60 million asset-based lending facility in the U.S.
  • Funds managed by Gamut Capital Management in its investment in International Automotive Components Group S.A., a Luxembourg-based global supplier of automotive components and systems
  • Gestamp, an automotive components company, in its €400 million offering of senior secured notes due 2026 and the restatement of its Senior Facilities Agreement, comprised of term loan and revolving credit facilities in an aggregate principal amount of approximately €1.1 billion
  • KPS Capital Partners in the financing aspects of:
    • its acquisition of a controlling equity interest in Princess Yachts, a UK-based motor yacht manufacturer;
    • its approximately $2.7 billion acquisition of the Europe, Middle East and Africa food, aerosol and promotional packaging business from Crown Holdings, Inc., a supplier of rigid packaging products to consumer marketing companies; and
    • the acquisition of the global aluminum rolling, recycling and manufacturing business from Hydro Norsk ASA, including the structuring and negotiation of an inventory monetization facility to monetize aluminum inventory, including implementation of a true-sale structure and facilitation of just-in-time inventory management as part of the financing structure for newly created Speira Holdings
  • Revlon, Inc. in numerous financing transactions, including:
    • a $1.83 billion term loan refinancing, as well as the amendment and extension of an existing multibillion-dollar senior secured credit facility;
    • refinancing of its $400 million asset-based loan facility;
    • a successful $343 million out-of-court exchange offer;
    • a $200 million senior secured term loan from Ares Management; and
    • various other refinancings, term loans and other credit facilities
  • Roark Capital Group in the financing for the acquisition of International Car Wash Group, a car wash group with operations across Europe as well as the U.S. and Australia, from TDR Capital LLP, the London-based private equity firm, which included first lien and second lien secured credit facilities in the amount of $475 million and $175 million, respectively
  • S4 Capital in a €375 million senior secured term loan and £100 million senior secured revolving facility

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