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30 January 20242 minute read

DLA Piper advises ZEDRA and Corsair Capital on debt refinancing

A cross-border DLA Piper team has advised global fund, trust and corporate services provider ZEDRA Group (ZEDRA) on negotiating and securing the unitranche/super senior refinancing of its existing debt facilities to support its active M&A pipeline.

ZEDRA, a carve out of Barclays Global Trust, provides global corporate and global expansion, active wealth, pension and incentive services, and fund solutions to HNWIs, family offices, corporates, pensions schemes and fund promoters from its network of offices in key jurisdictions. The refinancing follows the sponsor Corsair Capital LLC’s (Corsair) acquisition of ZEDRA in 2018.

Neil Campbell, Finance partner at DLA Piper, comments: “We’re proud to have advised ZEDRA and Corsair on this significant refinancing. This deal once again demonstrates the ability of DLA Piper’s leveraged finance team to advise on the most complex of cross-border financing transactions, including in this case in highly regulated situations. The new deal, a portable FOLO transaction provided by Hayfin, Macquarie Capital and NatWest, provides ZEDRA with a flexible and scalable financing package which will in particular support ZEDRA’s acquisition strategy.”

Neil Campbell led on the matter, alongside partner Xavier Guzman in Luxembourg, with a team comprising senior associates Ayisha Adedeji and Berta Blasco, and associates Radina Denkova, Tasha Chia and Kateryna Lahodivets.