Shearman & Sterling advised global private equity firm Advent International in connection with the €770 million financing for its acquisition of the card systems and identity divisions of Oberthur Technologies from the Oberthur Group.

The financing has been structured with an all senior debt package secured against assets in over 15 countries.

Oberthur Technologies' card systems division is the world's second largest provider of security and identification solutions and services based on smart card technology. It provides services for mobile communications, payment, transport, digital TV, and convergence markets.

The Shearman & Sterling team included finance partners Clifford Atkins, Mei Lian and Pierre-Nicolas Ferrand and counsel Peter Hayes and Philippe Wolanski, assisted by associates Jackson Lam, Chris White, Romain Rabillard, Tom Berisford and Laurent Bonnet, and trainees Richard Cameron and Amilia Rappak.