Freshfields advises Infoniqa on its financing in connection with the acquisition of Sage Schweiz AG and Run my Accounts AG
Freshfields Bruckhaus Deringer (‘Freshfields’) is advising funds advised by Warburg Pincus (‘Warburg Pincus’) and their portfolio company Infoniqa on a financing used in connection with Infoniqa's acquisition of Sage Schweiz AG and Run my Accounts AG, leading HCM & ERP services and software provider in Switzerland.
The financing comprised of a term loan provided by various Barings funds, a revolving credit facility provided by Joh. Berenberg, Gossler & Co. KG as well as an option to implement an incremental facility. The proceeds from the financing were used, among other things, to finance and/or refinance the purchase price of the acquisitions, to refinance certain existing financing arrangements of the target entities and Infoniqa and for working capital purposes.
The Freshfields team advising on the financing is led by partners Mario Hüther and Michael Josenhans as well as principal associate Christina Banz and associate Matthis Grenzer (all Finance, Frankfurt). Corporate advice has been provided by partners Markus Paul and Torsten Schreier, principal associate Carsten Haak and associate Maximilian Hobuß (all Corporate/M&A).