Appleby has provided Jersey-specific advice in relation to the financing arrangements of the acquisition of cyber resilience company Mimecast by funds advised by Permira.
Under the terms of the agreement, Permira will acquire all outstanding ordinary shares in an all-cash transaction that values Mimecast at an equity value of about $5.8bn.
Willkie Farr & Gallagher represented Blackstone Credit in connection with financing for the transaction.
Blackstone Credit and funds managed by Ares Management Corporation’s Credit Group are providing committed debt financing to the Permira funds.
On completion of the transaction, Mimecast will become a privately held company.
The Appleby team was led by Partner Iain Millar, assisted by Senior Associate Gemma Whale and Paralegal Holly Tanguy.