Clifford Chance

Clifford Chance advises True Potential on £750 million equivalent multi-currency refinancing transaction

Global law firm Clifford Chance advised True Potential, a fully integrated technology-led wealth manager serving investors and advisers across the United Kingdom, and its principal shareholder Cinven, a leading international private equity firm, on True Potential's offering of £405 million of sterling-denominated senior secured notes and €400 million of euro-denominated senior secured floating rate notes and the amendment and extension of its £120 million revolving credit facility.

Clifford Chance has previously advised True Potential and Cinven on multiple financing transactions, including in connection with the financing for Cinven's acquisition of True Potential in 2022. The proceeds from this transaction were used to refinance certain existing debt of the company and will support the continuing growth and development of True Potential's industry-leading investment technology platform.

Our London-based global financial markets team advising on the transaction was led by capital markets partner Drew Rundus, senior associate Sannu Shrestha and associate Aritra Saha with respect to the issuance of the high yield bonds and by debt finance partner Richard Day, senior associate Natalie Bennett and associate Lindy Mguni with respect to the extension of the revolving credit facility. Senior associate Kikun Alo advised on financial regulation matters.