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Mallesons advises on $1.4 billion finance
European-based private equity firm Permira has acquired customer service software leader Genesys from Alcatel-Lucent for $1.4 billion
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Firms: Mallesons Stephen Jaques (a Goldman Sachs-led syndicate of banks), Clifford Chance (Permira), Milbank, Tweed, Hadley & McCloy LLP (US counsel for the banks)
Value: The financing, which closed on 31 January, included a secured $US575 million term loan and a $US50 million revolving facility, together with a placement of unsecured high yield notes
Key players: The Mallesons team was led by banking partner Richard Hayes, who was assisted by senior associate Charlie Detmold and associate Charles Westh. Mallesons partner Hal Bolitho also advised on the personal property securities aspects of the transaction. Clifford Chance partner Scott Bache, special counsel Dale Rayner and associate Kate Stevens led the CC team
Deal significance: The Australian aspects of the financing involved one of the first security packages for a global leveraged finance transaction to be registered under Australia’s new personal property securities regime
