News & Announcements

Weil Advises on the Financing of Hellman & Friedman’s Controlling Interest in TeamSystem Holding SpA from Hg Capital, Bain Capital, ICG and Management

International law firm Weil, Gotshal & Manges is advising on the financing of Hellman & Friedman’s controlling interest in the Italian software firm, TeamSystem SpA, a provider of tax, payroll and accounting software to small and mid-sized Italian businesses.

Finance partners Reena Gogna and Chris McLaughlin and High Yield partner Patrick Bright have been advising Goldman Sachs on the financing package to support the acquisition.

They have been supported by a team of associates including Nitin Konchady, Dan Borg, Mae Morter, Chris Wall and Luke O’Leary. Corporate advice is being provided by associate Sam Blake and tax advice is being provided by Nathan Langford and Alex Tostevin.

Freshfields Bruckhaus Deringer is advising Hellman & Friedman.

The deal is subject to customary regulatory clearances and other approvals and consents.

The deal is one of a number of high-profile European situations that the Banking and High Yield team has advised on so far in 2015, and follows swiftly on from the team’s leading role in the multi-billion dollar financing of Hellman & Friedman’s acquisition of Bain Capital’s holding in Securitas Direct.

Other recent mandates include: advising the lenders on Onex’s €3.75 billion acquisition of SIG Combibloc, the lenders on CVC Capital Partners’ $1.2 billion acquisition of Sky Bet from Sky plc and on the high yield financing of Centerbridge Partners’ €1.2 billion acquisition of Senvion.

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