Global menu

Our global pages

Close

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

  • United Kingdom
  • Global

    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.”

    For more information contact

    Chris Hastings, Partner

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

    < Go back

    Print Friendly and PDF
    Register to receive regular updates via email.
    Print Friendly and PDF

    © Eversheds Sutherland 2020. All rights reserved. Eversheds Sutherland is a global provider of legal services operating through various separate and distinct legal entities.

    Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.