Weil, Gotshal & Manges is advising on the financing of Hellman & Friedman’s controlling interest in the Italian software firm, TeamSystem SpA, a provider of tax, payroll and accounting software to small and mid-sized Italian businesses.

Finance Partners Mark Donald, Reena Gogna, Chris McLaughlin and High Yield Partner Patrick Bright have been advising Goldman Sachs on the financing package to support the acquisition.

Clifford Chance advised GEKA group on the refinancing of their existing credit facilities. Bayerische Landesbank, Commerzbank Aktiengesellschaft, Landesbank Baden-Württemberg, SEB AG and The Governor and Company of the Bank of Ireland are providing EUR 95 million of new facilities to GEKA.

Ashurst advised RPC Group plc, a leading UK FTSE-250 plastic products design and engineering company for packaging and non-packaging markets, on the amend and extend of its revolving credit facility. The existing revolving credit facility was increased from £490 million to £770 million for the purpose of funding part of the consideration for the acquisition of Global Closure Systems, a leading manufacturer and provider of closures and dispensing systems, for an enterprise value of €650 million.

Reed Smith has advised a syndicate of 14 banks on the signing of a facilities agreement providing €420,000,000 and $380,000,000 term facilities to Türk Telekom, Turkey’s leading communication and convergence technologies company.

The transaction closed on 20 November 2015.

The matter was led by Fernand Arsanios (partner) and Ben Davis (partner) and included Thierry Pujol d’Andrébo (associate).

Norton Rose acted for Türk Telekom (Ali Triptree (partner) and Alex Zekkos (associate)).

Slaughter and May advised Drax Group plc and its subsidiaries (the Drax Group) on the refinancing of an existing £400 million revolving credit facility and amendments to an existing £100 million amortising term loan facility with the Prudential/M&G UK Companies Financing Fund, a £30,000,000 floating rate note purchase agreement and £70,000,000 index-linked note purchase agreement with various M&G counterparties, a £100 million amortising term loan facility with the UK Green Investment Bank and guarantee and reimbursement arrangements with Infrastructure

On 1 November 2015, Castleton Commodities International LLC, a global commodities merchant, completed its acquisition of Morgan Stanley’s Global Oil Merchanting business, one of the world’s leading physical oil and products franchises. Morgan Stanley’s Global Oil Merchanting business is a leading global platform and is active in the light ends, distillates, crude and wet freight markets.

Slaughter and May advised Close Brothers Limited in connection with its £150,000,000 syndicated revolving facility agreement arranged by HSBC plc, Lloyds Bank plc and Societe Generale, London Branch, with Lloyds Bank plc acting as agent.

CONTACTS

Miranda Leung (partner), Harry Bacon (associate), James Costi (associate)

Travers Smith LLP has acted on the acquisition of Everyday Loans Holdings Limited, a branch based non-standard consumer lending business, by Non-Standard Finance plc (NSF) from Secure Trust Bank plc, the retail bank of Arbuthnot Banking Group.  Travers Smith advised long-standing clients The Royal Bank of Scotland plc and Shawbrook Bank Limited, who (in conjunction with Secure Trust Bank plc) will provide debt facilities to certain members of the NSF Group as part of the acquisition.

Allen & Overy LLP advised COMMERZBANK International S.A. as the agent and the Luxembourg branch of COMMERZBANK Aktiengesellschaft as security agent of the lenders of Atlantik S.A. in connection with the reverse takeover within the Pfleiderer Group.
 

A cross-firm team at Wragge Lawrence Graham & Co (WLG) has advised Virtus Data Centres (VIRTUS), on its acquisition of Slough-based Infinity SDC's West London data centre.

This strategic investment increases VIRTUS' portfolio of high quality, cloud centric metro data centres, making it one of the largest hybrid data centre providers in London.