Global law firm White & Case LLP has advised the lenders led by BNP Paribas, Deutsche Bank AG and Natixis, acting as global coordinators, on the €1.875 billion financing for the acquisition of the Circet Group, Europe’s leading telecoms infrastructure services company, by Intermediate Capital Group (ICG) from Advent International.
The cov-lite financing comprised a €1.625 billion term loan, which was successfully syndicated in the European market, and a €250 million senior revolving facility. The acquisition closed on October 14, 2021.
The White & Case team in Paris which advised on the transaction was led by partners Raphaël Richard and Roman Picherack and included associates Michel Courtois and Matthieu Tugler.
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