Latham & Watkins Archives

CPP Investments and Silver Lake Acquire Qualtrics for $12.5B

Qualtrics, a provider of experience management (XM) software, entered into a definitive agreement to be acquired by Silver Lake, a technology investor, in partnership with Canada Pension Plan Investment Board (CPP Investments), in an all-cash transaction that values Qualtrics at approximately $12.5 billion.

Starry Files Voluntary Chapter 11, Backed by RSA with Lenders

Starry Group Holdings and subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware and have entered into a restructuring support agreement with lenders holding the company’s debt.

Permira to Acquire Acuity Knowledge Partners From Equistone

Acuity Knowledge Partners, a provider of high-value research, analytics and business intelligence to the financial services sector, advised by Permira, the global private equity firm, acquired a majority stake in the business from Equistone Partners Europe, a mid-market private equity investor.

Syndicate of Lenders Provide DailyPay with $260MM Capital to Fuel Growth

DailyPay secured $260 million of capital. The funding is divided between revolving credit facility capacity provided by Barclays and Angelo Gordon, and new term loan funding from SVB Capital and a fund managed by Neuberger Berman.

Latham & Watkins Adds Wright and Collier as Partners in Banking Practice

Corey Wright and Lisa Collier joined Latham & Watkins’ New York office as partners in the banking practice. They joined Latham & Watkins from Cahill Gordon & Reindel.

Vital Pharmaceuticals Files for Chapter 11 Protection During Distribution Network Transition

Vital Pharmaceuticals filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the Southern District of Florida. VPX Sports is the maker of Bang energy drinks, among other consumer products.

October 11, 2022 Berger Singerman | Huron Consulting Group | Jack Owoc | Latham & Watkins | Vital Pharmaceuticals Ian Koplin

JP Morgan Closes $3B Credit Facility Amendment with Caesars Entertainment

Caesars Entertainment closed a $3 billion senior secured credit facility consisting of a $750 million senior secured term loan and a $2.25 billion senior secured revolving credit facility resulting from an increase and extension to Caesars’ existing revolving credit facility.

October 6, 2022 Bret Yunker | Caesars Entertainment | JPMorgan Chase Bank | Latham & Watkins Ian Koplin

Lumileds Enters into RSA with Lender Group

Lumileds Holding, a global provider of innovative lighting solutions, entered into a restructuring support agreement with its lenders.

Carlyle Global Credit and Owl Rock Capital Support Turn/River’s Acquisition of Tufin

Tufin completed its acquisition by Turn/River Capital in an all-cash transaction valued at approximately $570 million. Financing for the transaction is being provided by Carlyle Global Credit and Owl Rock Capital pursuant to a senior secured credit facility agented by Carlyle Global Credit.

Hercules Capital Provides $175MM Term Loan to atai Life Sciences

atai Life Sciences, a clinical-stage biopharmaceutical company aiming to transform the treatment of mental health disorders, entered into a term loan facility for up to $175 million with Hercules Capital.

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