CMS advises on financing of LoopUp Group plc acquisition of MeetingZone
CMS has advised on the arrangement of bilateral senior debt facilities to support LoopUp in its acquisition of conferencing services provider MeetingZone. The acquisition, which is worth around £61.4m, constitutes a reverse takeover.
LoopUp is a premium remote meetings solution that makes it easier to collaborate in real time. Its acquisition of MeetingZone supports its mission to transition mainstream conference callers away from ‘dialling in’ with phone numbers and access codes to a better, more productive remote meeting experience.