Linklaters has advised BNPP, HSBC, Mizuho, Natwest and SMBC as arrangers and underwriters on the financing for Kohlberg Kravis Roberts & Co’s acquisition by way of recommended cash offer of Smart Metering Systems plc (SMS). SMS is a British energy infrastructure company which owns, installs and manages carbon reduction assets.
The acquisition valued the entire issued share capital of SMS at approximately £1.3 billion, and was supported by a syndicated financing package comprising of £615 million of term debt, along with a £450 million capex facility and a £75 million RCF.
The Linklaters banking team was led by London-based Leveraged Finance partners Pathik Gandhi and Nick Syson, together with managing associate Ignacio Mirasol and associates Luke Dee and Megan Tan.
