DLA Piper has advised Bridgepoint Credit and the super senior lenders on a financing package to fund TowerBrook Capital Partners’ acquisition of JSM, a UK-based independent connections provider offering high-voltage works for predominantly data centre clients in the UK.
JSM has built a market leading position providing technical infrastructure services to the Power and Communications markets across the United Kingdom and Ireland. In recent years, JSM has realised significant growth, driven particularly by its Power division, which, in the last three years, has achieved organic sales growth in excess of 50% per annum. JSM has benefited from growing data demands and connectivity requirements, electrification and decarbonisation.
As one of the leading quoted private asset managers in the world, Bridgepoint has over EUR67 billion of assets under management. Bridgepoint Credit is recognised as one of Europe’s most experienced credit managers, having committed over EUR14 billion of capital to over 300 companies since 2008.
TowerBrook Capital Partners is a transatlantic investment firm headquartered in London and New York, with over USD21.6 billion assets under management.
The matter was led by Neil Campbell, partner in the firm’s Finance practice. He was supported by Francesco De Micheli (senior associate), Radina Denkova (associate) and Kieran Teo (trainee solicitor).
Neil Campbell commented: “We’re delighted to work with Bridgepoint Credit on this significant transaction. The deal again demonstrates the strength of our private asset practice, and with our vast experience in leveraged acquisitions, we were perfectly placed to support the lenders on this deal.”
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