DLA Piper has advised HSBC Bank Plc on its provision of $267 million of senior facilities which were utilised in part to fund the acquisition of V.Holdings Limited by V.Group Acquisitions Limited, both of which are Isle of Man incorporated companies. V.Group Acquisitions Limited was backed by the private equity house, Exponent Private Equity LLP.
Alex Griffith, the lead banking partner at DLA Piper, commented: “This was a particularly interesting transaction because it involved a large team working across a number of jurisdictions to tight deadlines. It was a time-critical project that required first-rate project management which is an area where we have a proven capability.”
“We are delighted to have once again been involved with HSBC Bank Plc for whom we have acted for a number of years.”
Alex Griffith was assisted by Sarah Waymouth, Ewen Scott and Simon Major.