A cross-border team from Allen & Overy has advised, among others, BNP Paribas as bookrunner and Barclays Bank PLC and Citizens Bank as mandated lead arrangers and bookrunners for QinetiQ Group PLC’s (QinetiQ) new GBP350 million bridge and term facility for their proposed acquisition of Avantus Federal LLC (Avantus).
QinetiQ is a UK-based multinational defence technology company, offering world-class expertise in advice, services and innovative technology-based products. The acquisition will strengthen QinetiQ’s U.S. business with complementary capabilities to create a platform to accelerate growth in areas of high priority.
Lead partner Jane Glancy commented: “Due to the strength of our cross-border offering, our team was able to adapt quickly to a tight deadline, delivering a seamless execution within ten days.”
In London, the A&O team was led by partner Jane Glancy, with Peerpoint consultant Aanchal Kapoor. In New York, the team was led by partner Elizabeth Leckie and senior counsel Livia Talenti. Tax advice was provided by partner Lydia Challen in London and associate Dustin Plotnick in New York.
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