Shearman And Sterling

News February 02, 2022

Cinven’s Acquisition of True Potential

Shearman & Sterling acted as counsel to the initial purchasers in connection with a £700 million (equivalent) two-tranche sterling and euro-denominated senior secured bond offering that will serve as permanent financing for Cinven’s acquisition of True Potential Group Limited. The Shearman & Sterling team also represented the banks in the context of a £675 million bridge facility and a £100 million revolving credit facility in connection with the financing of the Acquisition.

True Potential leverages its fully-integrated and technology-driven proprietary asset management platform to provide financial advice and portfolio investment solutions to the modern retail investor. In addition to directly partnering with nearly 850 financial advisers across the U.K., True Potential provides investment platform services including adviser support and compliance tools to approximately 17% of all U.K. financial advisers.

The Shearman & Sterling team below included associates Derek Andersen (London-Finance) and Eugene Kim (Washington, D.C.-Tax).

The Team