Latham & Watkins Advises TeamSystem and Hellman & Friedman on €700 Million Senior Secured Notes Offering

Latham & Watkins has advised TeamSystem, leading European provider of AI-powered cloud-based mission critical SaaS solutions, enabling digital transformation for small and medium businesses and professional customers across Italy, Spain, Turkey, France, and Israel, on the issuance of €700 million senior secured fixed rate notes due 2032. Latham has also advised TeamSystem on the increase in size from €350 million to €409.5 million of its existing revolving credit facility with primary lending institutions.

The Latham team was led by corporate partners Jeff Lawlis and Paolo Bernasconi and associate Michele Vangelisti, with US Capital Markets associate Edoardo Picchi. Advice was also provided on Italian finance matters by partners Marcello Bragliani and Alessia De Coppi with associates Simona Di Marcantonio and Giulia La Mantia; on English finance matters by partners Dominic Newcomb and Hayden Teo with associate Nicole Louise Courtney; on Italian capital markets matters by partner Antonio Coletti and counsel Federico Amoroso; on regulatory matters by partner Cesare Milani with associate Edoardo Cassinelli and Irene Terenghi; and on US tax matters by partner Rene de Vera with associate Sam (Seung Hyun) Yang.