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A&O Shearman advises CVC and Gaming1 on EUR400 million refinancing

A&O Shearman advises CVC and Gaming1 on EUR400 million refinancing
A&O Shearman has advised CVC, a leading global private markets manager, and its portfolio company Gaming1, on Gaming1’s EUR400m refinancing transaction. The refinancing comprised a EUR400 million term loan facility which extended, upsized, and repriced the Gaming1 group’s existing term loan facilities.

Gaming1 is the leading online and retail gaming operator in Belgium, with a presence in France, the Netherlands, Portugal, Spain, and Switzerland.

The A&O Shearman team was led by European co-head of private equity Neil Sinha and sponsor-side leveraged finance partner Nick Hallam, together with senior associate Fraser Jackson and trainee Chawin Charoenpitaks.

Belgian advice was provided by A&O Shearman’s finance team in Brussels, led by finance partner Yves Van Pul with assistance from senior associate Kristof Geukens, with tax advice provided by partner Patrick Smet and senior associate Klaas Backaert.

"This transaction demonstrates the strength and depth of our leveraged finance team"

European co-head of private equity Neil Sinha said: “We are delighted to have supported CVC and Gaming1 on this significant refinancing, building on our long-standing relationship with CVC. This transaction demonstrates the strength and depth of our leveraged finance team, who worked seamlessly across jurisdictions to achieve the best possible outcome for our client.”

This transaction highlights A&O Shearman’s ability to advise market-leading private equity clients and their portfolio companies on complex financings in order to deliver the best execution.

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