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Latham Advises on €500 Million Term Loan B and €280 Million PIK for IFS
September 5, 2024
London finance team represents the lenders in the transaction.
Latham & Watkins has advised the arrangers and lenders on a syndicated term loan B of €500 million and a holding company payment-in-kind (PIK) privately placed loan of US$300 million (€280 million) for IFS, a global enterprise software solutions provider headquartered in Sweden. The proceeds of the debt were used in part to fund the acquisition of Copperleaf Technologies, a Canadian provider of asset investment planning and management software listed on the Toronto Stock Exchange.
The term loan B arrangers were advised by London finance partner Dan Maze, and the club of private PIK lenders was advised by London finance partner Fergus Wheeler, with support from London finance associates Robert Lowe and Danielle Stobie.