LDC is a leading private equity company in the UK mid-market and provides up to £100 million of funds for management buy-outs, institutional buy-outs or development capital transactions.
Burges Salmon has advised private equity investor LDC on its £25 million funding package to back the management buyout of Amberon, one of the UK’s leading providers of traffic management services.
Hogan Lovells has advised Ventiga Capital Partners, a private equity investment group, as part of the Consortium acquiring Thesis Asset Management PLC (Thesis), a Lymington, Hampshire-based fund management group, for approximately £52.0527 per share in cash.
The acquisition of Thesis is the third deal Hogan Lovells has advised Ventiga on this year. In January the company purchased Swedish food service group Nordic Service Partners Holding AB, and in May it acquired Danish airfare analytics group Infare Solutions A/S.
Macfarlanes has advised UK-based housebuilder Avant Homes in relation to the provision of a £200m revolving credit facility provided by Santander, HSBC, Bank of Ireland and RBS.
This funding injection will be used to acquire land in the Midlands, North East of England and central Scotland, forming part of Avant Homes’ ambitious growth plans which include increasing annual turnover to £500m and a building goal of 2,000 homes per year.
Slaughter and May, working as a team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, advised Non-Standard Finance plc (NSF or the Group) on the debt financing aspects of its £53,500,000 acquisition of George Banco Limited by NSF’s indirect subsidiary, Everyday Loans Limited (the Acquisition).
DLA Piper, together with Herzog Fox & Neeman, lead counsel to the financial adviser Citi, had advised on the acquisition of Plarium Global by Aristocrat Leisure. The USD 500 million deal is due to complete before 2018 and is likely to be one of the largest deals of its kind within the Israeli market.
Davis Polk advised the initial purchasers in connection with Atento Luxco 1 S.A.'s $400 million offering of 6.125% senior notes due 2022, which were issued pursuant to Rule 144A and Regulation S under the Securities Act. The notes are unconditionally and irrevocably guaranteed by Atento S.A., the parent company of Atento Luxco 1 S.A., and certain of its subsidiaries.
Davis Polk is acting as U.S. legal counsel to Morgan Stanley and Credit Suisse as financial advisers to Vantiv, Inc. in connection with its $10.4 billion acquisition of Worldpay Group plc. The transaction is subject to shareholder approvals and receipt of regulatory and merger control approvals, as well as other customary conditions.
Slaughter and May advised HomeServe plc in relation to the refinancing of its existing principal credit facility with a new £400 million revolving credit facility. The new facility has been made available by Barclays Banks PLC, BNP Paribas, Citizens Bank, N.A., Crédit Industriel et Commercial, Clydesdale Bank PLC (trading as Yorkshire Bank), Fifth Third Bank, HSBC Bank plc and Lloyds Banks plc.
Allen & Overy represented regional bank and KeyCorp subsidiary, KeyBank, and broker-dealer KKR Capital Markets as lead arrangers for the $770 million acquisition financing by Zep, Inc., a leading specialty chemical goods firm and portfolio company of New Mountain Capital. The financing consists of a $550 million first lien term loan, a $45 million first lien revolving credit facility, and a $175 million second lien term loan facility. Proceeds of the loan were used to finance the acquisition, refinance existing credit facilities and finance a dividend.
Clifford Chance has advised an international banking syndicate on the refinancing of a EUR 1.7 billion long-term syndicated credit facility to the German construction group HOCHTIEF Aktiengesellschaft. The banking syndicate agreed to provide a loan facility with a tenor of five years with an extension option of up to two more years. Of the total amount, EUR 1.2 billion are made available as a letter of credit facility and EUR 0.5 billion as a cash facility. HOCHTIEF describes this facility as a key element of its long-term financing strategy.