Daily News: January 27, 2014

Hastings Advises Banks on Applied Systems Buy

Paul Hastings announced that it represented the banks on the financing of private equity firm Hellman & Friedman LLC’s purchase of Applied Systems.

Credit Suisse AG and Cayman Islands Branch acted as administrative agents and Credit Suisse Securities (USA), Deutsche Bank Securities, Jefferies Finance LLC and UBS Securities LLC acted as joint lead arrangers and joinder bookrunners in connection with the financing.

Corporate partners Michael Baker and Michele Cohen led the Paul Hastings team, which also includes associates Shekhar Kumar and Julie Park.

University Park, IL-based Applied Systems is an insurance software provider.