Refinancing of Paymentsense

Dechert LLP advised CVC Credit Partners (“CVC”) and EQT Credit (“EQT”) in connection with GBP 218 million of senior and subordinated financing for Paymentsense.

This is the second round of financing provided to Paymentsense by the two lenders, following participation in the GBP 110 million unitranche facility provided in November 2016.

Paymentsense is Europe’s largest merchant services provider, specializing in providing fast, affordable and reliable card processing services to over 60,000 small and medium-sized businesses, processing in excess of GBP 7 billion of transactions per annum.

The Dechert London advised with a team including David Miles (Picture), Smridhi Gulati and Sarah Moffat, as well as tax associate Daniel Hawthorne.

Involved fees earner: David Miles – Dechert; Sarah Moffat – Dechert; Smridhi Gulati – Dechert; Daniel Hawthorne – Dechert;

Law Firms: Dechert;

Clients: CVC Credit Partners; EQT Credit;