Shearman & Sterling advised BNP Paribas, as arranger and lender, and various lending institutions, as lenders, on the senior financing of the acquisition of Maltese telecommunications operator Melita by private equity firms Apax Partners and Fortino Capital from GMT Communications Partners, MC Venture Partners, Gasan Group and Blackrock Communications.  

A pool of banks arranged the senior financing through a €135 million credit agreement, while the €40 million second-lien financing took the form of an English-law notes issuance.

The Shearman & Sterling team was led by partner Caroline Leeds Ruby (London-Finance), and assisted by associates Adrien Paturaud, Laurent Bonnet (both Paris-Finance), Miles Muirhead (London-Finance) and trainee Theodora Dimitrova (London-Finance).