Press releases | Private Equity & Financial Sponsors, Tax, Finance | 16 Dec 2016

Travers Smith has advised Paymentsense on its refinancing

Overview

Travers Smith has advised new client Paymentsense, the leading card processing services provider, on its £110m refinancing and equity capital restructuring with debt finance provided by CVC Credit Partners and EQT Mid-Market Credit Fund. Paymentsense provides card processing services to more than 50,000 small and medium-sized businesses and has processed in excess of £5bn transactions in the last year.

The Travers Smith team was led by head of private equity Paul Dolman and also included private equity and M&A associates Ian Keefe and Tom Lloyd. Head of tax Kathleen Russ, tax senior counsel Hannah Manning and tax associate Joe Sheldrick advised on the structuring of the transaction. Head of finance Matthew Ayre advised on the new debt facilities and was assisted by finance associate Fiona Swords.