The financing consisted of a €975 million credit facility, comprised of a Term Loan B facility, a Term Loan A facility and a Revolving Credit Facility.
As already announced by Legal Dealmaker on April 7, the combination of Konecta and Comdata will create one of the largest providers of customer experience business process outsourcing solutions globally, and the newly formed group will be headquartered in Spain, a deal with the advice of Allen & Overy (ICG) and Uría Menéndez (Konecta).
Konecta, the Spanish multinational technology company providing Costumer Experience solutions, reached an agreement with the Italian firm Comdata to create the sixth-largest group in the sector globally. With this union, the new firm will reach almost €2 billion in turnover and €300 million in Ebitda. The alliance of the companies creates a world-leading operator with a broad global presence and ‘best shoring’ capacity to provide services in more than 30 languages, to global, regional and local clients.
The White & Case team which advised on the transaction was led by partners Raphaël Richard, Neeloferr Roy and Roman Picherack (all Paris) and included partner Fernando Navarro (Madrid) and associates Charles Connesson, Matthieu Tugler (both Paris), Alfonso García Freire, Rafael Mínguez and Guillermo Manzanares (all Madrid).