Toby Bingley

Representative work

Toby has acted for:

• Property Finder, a leading property portal in the Middle East and North Africa, on its private credit refinancing, in connection with Permira and Blackstone Growth’s investment in the company;
• Cinven, CPPIB and HBX Group on HBX Group’s €1.6 billion refinancing in connection with its IPO on the Madrid Stock Exchange;
• Warburg Pincus on the unitranche financing of Blau Direkt;
• Argus Media, the leading independent energy and commodity price benchmarks provider and portfolio company of General Atlantic, on its USD term loan B refinancing and subsequent repricing and add-on transactions;
• ICG on its PIK note and minority equity reinvestment into Kee Safety;
• Ontario Teachers’ Pension Plan Board on the unitranche financing of its acquisition of UK wealth manager 7IM and a number of bolt-on acquisitions;
• AEA on the unitranche financing of its acquisition of leading industrial automation system integrator, SCIO Automation;
• Cinven on financing aspects of its acquisition of International Financial Group;
• McGill and Partners (a Warburg Pincus portfolio company) on its receivables-backed loan refinancing;
• Bain Capital and Cinven on the €2.4bn equivalent loan and high yield bond financing of their acquisition of Lonza Specialty Ingredients and subsequent loan and bond financings of various bolt-on acquisitions;
• Mubadala Capital on the unitranche financing of its acquisition of the Witherslack Group, one of the UK’s biggest providers of special needs education schools and children’s care homes;
• True Potential on its senior and super senior loan financing, various incremental facilities and financing aspects of its sale to Cinven;
• A major international bank as arranger of MasMovil’s €1.7bn refinancing;
• Natwest as super senior lender to the Lecta group on its restructuring, refinancing and subsequent recapitalisation;
• CPPIB on the financing and subsequent refinancing of its stake in BGL Group, owner of comparethemarket.com;
• Permira and Warburg Pincus portfolio company Tilney Smith & Williamson on the financing of multiple transactions including its merger with Smith & Williamson, its acquisitions of Ingenious and Towry, and the refinancing of the combined group;
• Warburg Pincus and General Atlantic on the bridge loan and margin loan financing of their stake in Network International on its IPO;
• Warburg Pincus on the financing of its acquisition of Leumi Card;
• Permira on the loan financing of its acquisition of Gruppo La Piadineria;
• Permira Debt Managers and UniCredit on the refinancing of Italian fashion brand, Twinset SpA by way of a privately placed bond and RCF;
• Warburg Pincus on the 1st lien and 2nd lien financing of its acquisition of Accelya, a leading provider of financial and commercial solutions to the airline industry, and combination with Mercator;
• Permira on the financing of its public takeover of Italian listed medical equipment solutions provider TBS Group and its combination with Pantheon (since renamed Althea);
• Permira on the 1st lien and 2nd lien financing of its acquisition of P&I Personal & Informatik AG, a leading provider of software for HR and payroll;
• MTN on various working capital facilities;
• Synthomer on its €440m revolving facilities refinancing;
• Premier Foods’ lenders on its revolving credit facility and high yield notes refinancing;
• CVC and Formula 1 on finance aspects of the sale of Formula 1 to Liberty Media Corporation, the 1st lien/2nd lien refinancing of Formula 1 and previous financing transactions;
• Cinven on the financing of its acquisition of Ufinet, Ufinet’s recapitalisation and the bolt-on acquisition of IFX Networks.