White & Case advises Barings on unitranche financing for recommended takeover of Medica Group plc by IK Partners

Press Release
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Global law firm White & Case LLP has advised funds managed and advised by Barings on the establishment of a unitranche financing for the recommended takeover offer for Medica Group plc by IK Partners.

Barings is a global investment manager sourcing differentiated opportunities and building long term portfolios across public and private fixed income, real estate and specialist equity markets. It has more than US$362 billion in assets under management (at March 31, 2023), with investment professionals based in North America, Europe and Asia Pacific.

Medica Group plc is a market leading teleradiology provider in the UK and Ireland and provider of imaging solutions to clinical trials in the US.

IK Partners is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, it has raised more than €14 billion of capital and invested in more than 170 European companies.

The White & Case team which advised on the transaction was led by partners Hadrien Servais (Brussels & Luxembourg) and Jeremy Duffy (London), and included partners Philip Broke and Will Smith (both London) and associates Madeleine Tardif (Brussels), Clara Davies, Lily Teh, Ross Power, Edwina Daws and Anna Corderoy (all London).

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