Clifford Chance
Clifford Chance advises Cinven and True Potential on bond and loan acquisition financing
11 February 2022
- Michael Dakin, Drew Rundus, , , Terrence Moloney, , Richard Day, , Raad Gorji
- London, Sydney
Clifford Chance advises Cinven and True Potential on bond and loan acquisition financing
International law firm Clifford Chance advised Cinven, a leading international private equity firm, and True Potential Group Limited, a fully integrated technology-led wealth management company serving investors and advisers across the United Kingdom, in connection with the financing for Cinven's previously announced acquisition of True Potential. The financing transactions included the issuance of £400 million sterling-denominated senior secured notes and €360 million of euro-denominated senior secured notes that were used to refinance a £675 million bridge facility, as well as the establishment of a £100 million revolving credit facility.
The transaction will position Cinven and True Potential to benefit from a growing UK wealth management market and to further develop True Potential's industry-leading investment technology platform.
Our global financial markets advising team was led by a capital markets team of Michael Dakin, Drew Rundus, Regan Devers and Teri Teng in London, with further support from Terrence Moloney in Sydney, and a banking team of Taner Hassan, Richard Day, Rachel Freeman and Raad Gorji in London.
