Linklaters has advised the arrangers and underwriters on the €620m term loan B financing (with a separate revolving credit facility) for PAI’s acquisition of a majority stake Infra Group, a multi-disciplinary network services provider in a wide range of utility infrastructure segments in Belgium, France, the Netherlands and Germany.
PAI is now the largest shareholder in Infra Group, joining current investors ICG, Andera Partners and the management team.
This deal marks a much-anticipated return of LBOs to the syndicated leveraged loan markets.
The Linklaters team was led by leveraged finance partners Pathik Gandhi and Andrew Jennens alongside managing associates Tarini Wettimuny and Imogen Bailey and associates Luke Dee, Ester Ng and Riddhima Wahi.
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