Global law firm White & Case LLP has advised a club of private credit funds on a senior secured financing package to support the recommended offer by a consortium consisting of ADIA, CVC Capital Partners and Nordic Capital (the Consortium) to acquire leading UK financial services private investment provider Hargreaves Lansdown plc.
“The White & Case team has been trusted by the Consortium and some of the market’s leading private credit funds to support the most significant deal in leveraged finance in Europe this year,” said White & Case partner and Head of Private Credit & Direct Lending Gareth Eagles, who led the Firm’s deal team. “A transaction of this complexity showcases what White & Case can offer to the most high profile participants in the market.”
A club of private credit lenders provided a senior secured unitranche financing to support the Consortium’s recommended offer to acquire the shares in Hargreaves Lansdown plc.
Hargreaves Lansdown plc is a leading financial services platform for private investors in the UK and currently listed on the FTSE. It was founded more than 40 years ago and manages in excess of £120 billion of investments for over 1.7 million clients, is headquartered in the UK and employs more than 2,000 people.
The White & Case team which advised on the transaction was led by partner Gareth Eagles (London) and included partners Emma Foster, Pete Mason, Philip Broke, Sonica Tolani, Will Smith (all London), Marcus Booth (Dubai & London) and Adnan Bekdur (Dubai), and associates Sylvana Lee, Jack Elliott, Akua Danso, Annabel Taswell-Fryer, Jere Agbaje and Lily Teh (all London).
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