Freshfields advises on Hellman & Friedman's $5bn European buyout
Latham and Paul Hastings have also won roles acting on the acquisition
September 26, 2017 at 07:57 AM
2 minute read
Freshfields Bruckhaus Deringer is advising US private equity company Hellman & Friedman on its $5.3bn (£3.9bn) takeover of Scandinavian payment service provider Nets.
It is reported to be one of the largest European leveraged buyout in nearly five years.
Nets will be acquired by Evergood, a company controlled by funds managed by Hellman.
Freshfields is fielding a London-based team led by corporate partners David Higgins and Tim Wilmot, and M&A partner Andrew Hutchings.
Latham Watkins are also acting for Hellman with co-chair of the firm's global banking practice group Christopher Kandel leading the firm's team. Danish firm Kromann Reumert is supporting Hellmans advisors.
Nets has instructed Danish firm Gorrissen Federspiel, whose team is being led by corporate partner Rikke Schiøtt Petersen and M&A partner Olaf Carl Ehrenskjöld.
The London office of US firm Paul Hastings is also involved in the deal, with finance partner Luke McDougall acting for the second lien investors.
Freshfields advised Hellman earlier this year on its €1.8bn (£1.6m) acquisition of financial technology business Allfunds Bank S.A. Higgins. Wilmot also acted for Hellman on that deal, advising alongside the firm's Madrid managing partner David Franco and corporate partner David Rouch.
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