Latham Advises Hellman & Friedman and Verisure plc on Multiple High-Profile Financings, in Connection With Verisure’s Landmark €13.7 Billion IPO

Latham & Watkins has advised Hellman & Friedman on the offering of €1 billion 5⅝% / 6⅜% senior secured PIK toggle notes due 2031 by Aegis Lux 1A, which owns a minority equity interest in Verisure plc, a leading provider of professionally installed and monitored security services in Europe and Latin America. This transaction represents Europe’s first-ever public high-yield bond secured by a minority equity stake of a recently listed portfolio company.

Latham also advised Verisure on a senior secured debt financing package comprising a €1.215 billion term loan A facility, €1.25 billion syndicated term loan B facility, and €950 million multi-currency revolving credit facility, for the purposes of refinancing certain existing senior secured indebtedness and other uses. The new debt facilities benefit from tailored post-IPO covenant terms and provide Verisure with additional flexibility and liquidity on a go forward basis.

These financings follow Verisure’s €13.7 billion IPO in Stockholm earlier this month, where Latham advised Verisure in the transaction. The IPO marked the largest-ever European private equity-backed IPO, one of the largest listings globally in 2025, the largest IPO in Europe in the last two years, and the largest IPO in Sweden in 25 years.

The Latham team was led by London partners Dominic Newcomb, Matthew Schneider, and Hayden Teo, with associates Farisha Khan, Alexander Kartyshev, Felix Buddee, Yao Lin, Jing Wang, Andrew Liu, Andrew O’Neill, and Hue Pham.