3.3 C
New York
Friday, January 27, 2023

Buy now

Hogan Lovells Advises Celonis on Credit score in $1 Billion Fundraise


Hogan Lovells represented Celonis, a software program firm primarily based in Munich and New York, on the credit score facility included within the firm’s latest $1 billion capital increase led by backers together with the Qatar Funding Authority.

Celonis stated in a press release that it plans to make use of the brand new funding to put money into innovation and acquisitions to broaden its enterprise of promoting software program that helps corporations discover and repair inefficiencies of their enterprise processes.

The deal, which values the corporate at round $13 billion, features a $400 million fairness increase from new backers together with Activant Capital, Neuberger Berman, Alta Park Capital, and Commonfund, together with current backers.

Celonis additionally expanded its revolving credit score facility to as a lot as $600 million with a syndicate of worldwide banks led by KeyBanc Capital Markets, the assertion stated.

Hogan Lovells stated its group representing Celonis on the credit score facility was led by banking companion Nathan Cooper, in Washington and M&A companion Alex Aber in Boston. It additionally included banking senior affiliate Brooke Shekhar.



Supply hyperlink

Related Articles

Stay Connected

0FansLike
3,683FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles