Global law firm White & Case has advised GSO Capital Partners on its GBP115 million debt-and-equity financing of the management buyout of XLN Telecom from ECI Partners.
White & Case also represented the management-backed Newco on the acquisition.
GSO, a subsidiary of global investment and advisory firm The Blackstone Group LP, is one of the world’s largest credit-oriented alternative asset managers with more than USD67 billion in assets under management.
London partner Gareth Eagles, who led the team which advised GSO, says: “Our team included lawyers from several of our practices but in particular our banking and private equity groups. Our dual role was a great opportunity to deliver the Firm to our client in an integrated way and we’re delighted to have been able to close another transaction with our key client, GSO, and their new strategic partners.”
White & Case has advised GSO on a number of deals in 2014, including the reverse takeover of listed Slovenian company Helios Domžale DD by Ring International Holdings, the EUR215 million refinancing of the indebtedness of KP1 and Amaya Gaming Group’s acquisition of the Rational Group.
XLN, a portfolio company of UK private equity group ECI since September 2010, is an independent provider of fixed line, broadband, energy and bank card processing services to small businesses across the UK with a particular focus on micro-SMEs with between one and ten employees.
