Kirkland & Ellis and Travers Smith advised The Access Group. Latham & Watkins advised the selling shareholders, including TA Associates and HG Capital. Linklaters advised Hg. Shearman & Sterling advised the financing sources to The Access Group.
The Access Group announced its refinancing and a substantial further investment by its shareholders, Hg and TA Associates. The refinancing includes a committed acquisition facility for over £1 billion for future strategic acquisitions and is the largest private debt financing transaction ever undertaken in Europe.
The company’s lenders include Bain Capital, Barings, Arcmont, Park Square and GIC.
The transaction, which is subject to customary regulatory approvals, is expected to close in the second half of 2022.
TA is one of the most experienced global growth private equity firms. TA has more than 50 years of experience helping to scale companies in targeted sectors within five core industries of technology, healthcare, financial services, consumer and business services.
Hg is a leading European investor in software and services, focused on backing businesses that change how weall do business.
The Access Group is one of the leading providers of business management software to mid-sized organisations in the UK, Ireland, and Asia Pacific.
The Latham team was led by London corporate partner Paul Dolman (Picture) with London corporate associates Edward Coates, Gillian Bourke, and Zeynep Kocabas. Advice was provided on regulatory matters by London corporate partner Nicola Higgs, with London corporate associate Thea Crawshaw, and London litigation associate Mark Wagh.
The Kirkland team was led by debt finance partners Neel Sachdev and Kanesh Balasubramaniam, associates Matt Wilson, Bowen Huang and Marina Fatsis; tax partners Tim Lowe, Art Ward and Christine Lehman and associates Anthony Antioch, Rikesh Gandhi and Simona Brooks; financial services regulatory partner Thomas Woodhead and associate Gemma Edey.
The Linklaters team was led by Financial Sponsors Partner, Alex Woodward. Alex was supported by supported by fellow partner Peter McCabe, John Tsui, Managing Associate and Associates Dita Hendersone and Claudia Greig.
The Travers Smith team was co-led by Private Equity and Financial Sponsors Partners Genna Marten and Emma Havas, supported by Alex Watt, Matt Powrie, Niki Mavronicola and Caragh Jenkins. Tax and Incentives and Remuneration advice was provided by Tax Partner Hannah Manning and Head of Incentives and Remuneration Mahesh Varia, assisted by Associates Hugo Twigg and Kaleem Khan.
The Shearman & Sterling team included Sanjeev Dhuna, Rahul Chatterji, Marwa Elborai, Chantelle Dovey, Ben Burton, Lauren Winter, Michael Ward and Carlos J. Ruiz.
Involved fees earner: Anthony Antioch – Kirkland & Ellis; Kanesh Balasubramaniam – Kirkland & Ellis; Simona Brooks – Kirkland & Ellis; Gemma Edey – Kirkland & Ellis; Marina Fatsis – Kirkland & Ellis; Rikesh Gandhi – Kirkland & Ellis; Bowen Huang – Kirkland & Ellis; Christine Lehman – Kirkland & Ellis; Timothy Lowe – Kirkland & Ellis; Neel Sachdev – Kirkland & Ellis; Art Ward – Kirkland & Ellis; Matthew Wilson – Kirkland & Ellis; Thomas Woodhead – Kirkland & Ellis; Gillian Bourke – Latham & Watkins; Edward Coates – Latham & Watkins; Thea Crawshaw – Latham & Watkins; Paul Dolman – Latham & Watkins; Nicola Higgs – Latham & Watkins; Zeynep Kocabas – Latham & Watkins; Mark Wagh – Latham & Watkins; Claudia Greig – Linklaters; Dita Henderson – Linklaters; Peter McCabe – Linklaters; John Tsui – Linklaters; Alex Woodward – Linklaters; Ben Burton – Shearman & Sterling; Rahul Chatterji – Shearman & Sterling; Sanjeev Dhuna – Shearman & Sterling; Chantelle Dovey – Shearman & Sterling; Marwa Elborai – Shearman & Sterling; Carlos Ruiz – Shearman & Sterling; Michael Ward – Shearman & Sterling; Lauren Winter – Shearman & Sterling; Emma Havas – Travers Smith; Caragh Jenkins – Travers Smith; Kaleem Khan – Travers Smith; Hannah Manning – Travers Smith; Genna Marten – Travers Smith; Niki Mavronicola – Travers Smith; Matthew Powrie – Travers Smith; Hugo Twigg – Travers Smith; Mahesh Varia – Travers Smith; Alex Watt – Travers Smith;