Kirkland was recognized for its work on the “Equity Deal of the Year” and the “High Yield Deal of the Year” at the 2016 IFLR European Awards, held in London on April 21, 2016. The awards reflect Kirkland’s role in the below transactions.
Kirkland advised Advent International, Bain Capital and Clessidra in connection with the offering by Mercury Bondco plc of €1.1 billion of high yield PIK notes to finance the acquisition of Istituto Centrale delle Banche Popolari Italiane S.p.A. (ICBPI), an Italian payments banking group. This is the largest euro payment in kind (PIK) toggle bond deal to date and the most complex deal of the year.
Kirkland advised Advent International, Bain Capital and the Worldpay Group on the financing aspects of the initial public offering of Worldpay Group PLC, including the establishment of £1.7 billion of senior term and revolving facilities, and certain margin lending facilities of £262.5 million provided to Advent International and Bain Capital respectively. This was the largest IPO of 2015 with direct lending and structured margin loan financings. It is the largest ever U.K. flotation of a private equity-owned company.
The annual IFLR awards celebrate the most innovative deals, teams, firms and in-house dealmakers of the year.