DLA Piper's London Debt Finance team has advised Crédit Agricole Corporate and Investment Bank, GE Corporate Finance Bank SAS, HSBC Bank plc, Investec Bank plc, Lloyds Bank plc and The Royal Bank of Scotland plc (the "Senior Club") on their provision of senior debt finance to Education Personnel Holdco Limited and its subsidiaries.

Incumbent sponsor Graphite Capital sold Education Personnel, the UK's leading supplier of teaching and education support staff, to its management team in a buy-out backed by Intermediate Capital Group (ICG) earlier this month.

The debt structure comprised £103 million senior facilities, provided by the Senior Club, and a £37.5 million mezzanine facility provided by ICG. The new banking arrangement will repay certain of ICG's initial equity investment and cover working capital requirements for the future.

The DLA Piper team advising on the deal was led by UK Head of Debt Finance, David Miles, who was assisted by senior associate Smridhi Gulati, associate Harriet Roberts and trainee solicitor Leigh Ferris.

David Miles said: "We were delighted to be acting for the Senior Club on this transaction and to assist in bringing it to a successful close."