Simpson Thacher is representing affiliates of Sound Point Capital Management, L.P. in connection with their provision of committed bridge financing for BasePoint Capital LLC’s approximately £543 million ($733 million) recommended cash acquisition of International Personal Finance plc, a leading provider of consumer credit and related services. The acquisition was announced pursuant to Rule 2.7 of the UK Takeover Code and is expected to be implemented by way of a court-sanctioned scheme of arrangement.
The Simpson Thacher team includes Justin Lungstrum, Michael Ratay, Constantine Valettas, Steven Halpern and Colin Dennis (Banking and Credit – NY); Jacob Durkin, Marc van Heerden and Zahra Paran (Banking and Credit – London); James Campisi (Corporate – London); Jonathan Pall (Collateral); Jeanne Annarumma and Pasco Struhs (ECEB); Toby Chun (Environmental); Nicholas Ridley (Private Funds); Corina Holland and Matthew Richardson (Intellectual Property), and Michael Mann (Tax).