Ashurst advised Joh. Berenberg, Gossler & Co. KG (Berenberg) on the partial financing of the majority takeover of Telio Group by Deutsche Beteiligungs AG (DBAG) and its fund DBAG Fund VI. Telio develops, installs and operates communications and media systems for law enforcement agencies. The participation took place within the framework of a management buyout (MBO). Private investors are sellers in addition to the management.

Berenberg provided DBAG and DBAG Fund VI with a senior operating line of credit. Further borrowed capital was granted by a unitranche lender.

Clifford Chance has advised a syndicate including Development Bank of Japan Inc., The Bank of Tokyo-Mitsubishi UFJ, Ltd., DBS Bank Ltd., National Australia Bank Limited, China Construction Bank (Europe) S.A., The Bank of East Asia, Limited, CTBC Bank Co. Ltd. and The Tokyo Star Bank, Limited, as mandated lead arrangers, on an up to US$650 million secured credit facility for AerCap Holdings N.V.

Travers Smith LLP has acted for Silicon Valley Bank on the financing of the acquisition of Guestline by private equity firm the Riverside Company.

Guestline is a leading provider of mission critical software for the hospitality sector. Based in Shrewsbury, UK, the company serves a broad customer base of independent hotels, hotel chains, pub companies and serviced apartments, delivering proprietary hospitality software solutions via the cloud.

Allen & Overy LLP has advised DBAG Fund VI, a fund advised by Deutsche Beteiligungs AG (DBAG), on the unitranche and super senior revolving credit facility financing in connection with the acquisition of a majority share in the Telio group from the previous owners in a management buyout. The parties have agreed not to disclose the financing volume.
Telio develops, installs and operates prison communication and media systems.
 

Ashurst advised Joh. Berenberg, Gossler & Co. KG (Berenberg) in relation to the financing of the acquisition of the IHSE Group by funds advised by independent private equity firm Brockhaus Private Equity. The developer and manufacturer of advanced IT-KVM-hardware allowing to securely access remote computer and video sources (KVM - Keyboard, Video and Mouse) was sold by several private individuals. The parties have agreed not to disclose the financing volume and purchase price.

Kirkland & Ellis is representing Blackstone on the leveraged financing to partly fund its acquisition of at least 84 percent of Hewlett Packard Enterprise’s stake in Mphasis, an India based outsourcing firm listed on the Bombay Stock Exchange. The deal could value Mphasis at up to US$1.1 billion. The transaction was announced on April 4, 2016.

The Kirkland team is led by Hong Kong debt finance partner David Irvine and Hong Kong corporate partner Nicholas Norris.  Linklaters is representing the arrangers of the financing.

Watson Farley & Williams (“WFW”) advised Norddeutsche Landesbank Girozentrale and NORD/LB Luxembourg SA Covered Bond Bank on the acquisition financing of INTER-FORUM GmbH (“Inter-Forum”) and Syntela IT-Dienstleistungs GmbH (“Syntela”) by Bregal Funds. The financing also allows for an operating credit line to the operational group companies. German project development bank KfW sub-participated in the financing. The target companies are specialised service providers in the compulsory health insurance sector.

Clifford Chance has advised BNP Paribas S.A., Commerzbank AG and UniCredit Bank AG, acting as the mandated lead arrangers, on a general financing for Telefónica Deutschland worth EUR 750 million and placed via its subsidiary Telefónica Germany GmbH & Co. OHG. Another six banks are also involved in this new syndicated credit facility, which has a five-year term.

Milbank, Tweed, Hadley & McCloy LLP recently advised Entertainment One Ltd. (“eOne”) on its offering of £285 million 6.875% senior secured notes due 2022 (the “Notes”) and a new £100 million revolving credit facility (the “RCF”) due 2020.

The successful issuance of the Notes, despite difficult market conditions, particularly in sterling-denominated notes, and the RCF has strengthened eOne’s financial position and extended its debt maturities to 2020 and beyond.