Shearman & Sterling advised Barings as lender on the financing of the acquisition of Sage Schweiz AG and Run my Accounts AG, leading HCM & ERP services and software provider in Switzerland, by Infoniqa, a portfolio company of funds advised by Warburg Pincus.
The financing comprised of a term loan provided by various Barings funds, a revolving credit facility provided by Joh. Berenberg, Gossler & Co. KG as well as an option to implement an incremental facility. The proceeds from the financing were used, among other things, to finance and/or refinance the purchase price of the acquisitions, to refinance certain existing financing arrangements of the target entities and Infoniqa and for working capital purposes.
Barings Global Private Finance is a 60+ investment team globally, with a 40-year track record of successfully financing middle-market buyouts, acquisitions, and recapitalizations. Managing $34bn+ of commitments across the global platform with $12bn+ of these commitments in Europe, Barings’ product capabilities range from traditional senior debt to bespoke junior capital securities, and are focused on providing capital solutions that help our private equity clients complete their deal on time and as expected.