Kirkland & Ellis International LLP represented Bain Capital and Clessidra in the acquisition of the Italian business information company Cerved Business Information SpA. The deal is said to be one of the largest LBOs since the Lehman Brothers bankruptcy was filed.
"Sachdev said: 'This deal shows that leveraged financing for European buyouts is not dead. We agreed with the financing banks on a debt package with terms that provide the banks with attractive terms to ensure successful syndication as well as ensuring flexibility for the borrower given current and potential future market volatility.' "
This article appeared in its entirety in the January 22, 2009 edition of Legal Week.