Global law firm Reed Smith has advised CBPE Capital and Xafinity on an £89 million refinancing and dividend recap.
The all-senior debt package was provided by HSBC, Lloyds, Bank of Ireland and Babson Capital.
The Reed Smith team was led by finance partner Nicholas Williams, corporate partner Philip Taylor and tax partner Caspar Fox, with associates Benjamin Vicentini, Adam Ruddock, James West and Ravi Pattani.
Xafinity provides a range of actuarial, pensions, healthcare and other employee benefits consulting and administration services. It is headquartered in Reading, with over 400 employees operating from six regional UK offices.
CBPE Capital invested in Xafinity in 2013, acquiring the business from the Equiniti Group.
The debt process was run by Deloitte, with Proskauer Rose acting as lender counsel.
Note to Editors:
About Reed Smith
Reed Smith is a global relationship law firm with more than 1,800 lawyers in 26 offices throughout Europe, the Middle East, Asia and the United States.
For further information, please visit www.reedsmith.com or contact Annabelle Price (senior corporate communications executive EME) on +44 (0)20 3116 3787.