Latham & Watkins Advises NEP Group in US$700 Million Equity Investment and Debt Refinancing

NEP Group, the leading media services and technology partner for content producers worldwide, has announced a new US$700 million equity investment in the company led by 26North Partners LP, together with a group of co-investors. Carlyle, NEP’s existing sponsor, participated alongside 26North in the investment and will remain its largest shareholder. 

NEP also successfully completed a comprehensive debt refinancing, resulting in extended maturities and significant delivering. Pro forma for the transaction, NEP’s credit facilities comprise a US$1.45 billion senior secured term loan, a €360 million senior secured term loan, and a US$300 million revolving credit facility.

Latham & Watkins LLP represented NEP Group in the transactions with a Capital Markets team led by Washington, D.C. partners Patrick Shannon and Christopher Clark, with associates Lucas Balchun, Emily Marshall, Claudia Dubay, and Wyatt Wisnosky, and a Private Equity Finance team led by Washington, D.C. partners Jeff Chenard and Manu Gayatrinath, with associates Shane Alexander, Laura Edwards, Kate Prezioso, and Drew Weisberg. Advice was also provided by New York partner John Sobolewski.