19 04 2016

CBPE Capital and Xafinity completed a £89 million senior refinancing and dividend recap

Reed Smith has advised CBPE Capital and Xafinity on an £89 million refinancing and dividend recap.


The all-senior debt package was provided by HSBC, Lloyds, Bank of Ireland and Babson Capital. Xafinity provides a range of actuarial, pensions, healthcare and other employee benefits consulting and administration services. It is headquartered in Reading, with over 400 employees operating from six regional UK offices. CBPE Capital invested in Xafinity in 2013, acquiring the business from the Equiniti Group. The debt process was run by Deloitte, with Proskauer Rose acting as lender counsel. Reed Smith has advised CBPE Capital and Xafinity on the deal with a team led by finance partner Nicholas Williams (picture), corporate partner Philip Taylor and tax partner Caspar Fox, with associates Benjamin Vicentini, Adam Ruddock, James West and Ravi Pattani. Involved fees earner: Nicholas Williams - Reed Smith; Benjamin Vicentini - Reed Smith; Adam Ruddock - Reed Smith; Philip Taylor - Reed Smith; Ravi Pattani - Reed Smith; James West - Reed Smith; Caspar Fox - Reed Smith;

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