White & Case Advises EQT Credit on Financing for Vitruvian Partners' Acquisition of Sykes
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Global law firm White & Case LLP has advised EQT Credit on its commitment of senior debt facilities to support Vitruvian Partners' acquisition of Sykes Cottages Holdings Limited (Sykes).
"The White & Case team advised EQT Credit on a financing that will support the strong growth trajectory of Sykes and its ongoing development into one of the leading international players in the vacation rental market," said White & Case partner Fergus Wheeler, who led the Firm's deal team. "The deal adds to our long track record advising leading private credit funds as they deploy capital across the credit spectrum and builds on our strong and established relationship with EQT Credit."
EQT is a global investment organization with more than €62 billion in raised capital and around €40 billion in assets under management across 19 active funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than €21 billion and around 127,000 employees.
Sykes is a leading vacation rental management company with more than 17,000 exclusively managed properties in the UK and New Zealand. Vitruvian is an international investment firm with six offices worldwide and more than 100 employees that invests in high growth, dynamic situation buyouts and growth capital investments.
The White & Case team in London which advised on the transaction was led by partner Fergus Wheeler and included partner Laura Hoyland and associate Yasmine El Kafsi.
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