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Acting on one of the largest-ever European private credit transactions

  • United Kingdom
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    11-02-2019

    Eversheds Sutherland advises Daisy Group on reorganisation, refinancing and investment by Ares

    Eversheds Sutherland has advised long-standing client Daisy Group in relation to its group re-organisation, refinancing and investment by Ares Management. The financing represents one of the largest European private credit transactions to-date.

    Headquartered in Nelson, Lancashire, Daisy was founded in 2001 by chairman Matthew Riley and has since grown to be the leading independent provider of IT, communications and cloud services to UK businesses.

    Eversheds Sutherland Finance Partner Chris Hastings led on the refinancing, assisted by Associates Jenny Rollinson and Alex Smith, and Trainee Julie Chemla. Tax support was provided by Principal Associate Deepesh Upadhyay. Corporate Partner Steve Nash and Legal Directors James Vernon and Mark Roe led on corporate aspects of the transaction.

    Chris Hastings commented:

    “We are delighted to have supported long-standing client Daisy Group on this significant transaction. The cross-practice teams at Eversheds Sutherland worked seamlessly to deliver a succesful outcome on this complex deal.”

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