July 31, 2018 (London) – International law firm Proskauer was proud to represent funds managed and advised by BlueBay Asset Management in the €135 million financing provided to DADA, one of the leading names in the European domain and hosting segment.
DADA is a pan-European online hosting business headquartered in Florence, Italy and it is majority owned by Hg Capital. Hg acquired a majority interest in DADA in October 2017 and bought out the remaining shares by way of a tender offer in February 2018. The debt financing was provided by BlueBay by way of an Italian mini-bond.
The Proskauer team was led by partner Ben Davis and included associates Harriet Roberts and Jessica Donnellan (Private Credit).
This representation is the latest in a series of mid-market and upper mid-market European financings this year on which the Firm has advised BlueBay.
The Private Credit Group at Proskauer was the first to dedicate its practice solely to representing providers of private credit and is widely regarded as a pioneer in the field. Representing over 50 private credit clients, including private debt funds, asset managers, finance companies, sovereign wealth funds, business development companies and family offices, Proskauer's Private Credit Group advises on financing transactions ranging from $10 million to more than $1 billion across a myriad of product types and industries.