Linklaters advises mandated lead arrangers and underwriters on the financing for PAI’s acquisition of Apleona GmbH

Linklaters has advised Citi, Deutsche Bank, UniCredit, BofA Securities, HSBC, Natixis and SMBC as mandated lead arrangers and underwriters on the senior financing and the lender providing the second lien financing for PAI’s acquisition of Apleona GmbH from EQT. The financing comprises a €765 million cov-lite term loan, a €145 million multicurrency RCF, a €230 million multicurrency bonding facility and a €75 million second lien facility.

Headquartered in Neu-Isenburg, Germany, Apleona is an integrated facilities management services provider and the market leader for its segment in Germany, Austria and Switzerland.

The Linklaters team was led by partners Chris Medley and Pathik Gandhi alongside associates Tarini Wettimuny, Monish Kulkarni and Luke Dee and trainees Jon Tan, Sophie Tofalides and Ester Ng. Partner Daniel Gendron led the team advising the second lien lender alongside associate Shayan Hasan and trainee Azura Wicaksono.