Transactions & Cases Detail



Transaction/Case Details

Financing for acquisition of Sandvine Corporation by affiliate of Francisco Partners

DATE CLOSED

September 21, 2017

BUSINESS SECTOR

Technology

LEAD OFFICE

Toronto

VALUE

430 Million USD


OVERVIEW

On September 21, 2017, Procera Networks, Inc. (“Procera”), an affiliate of Francisco Partners closed the arrangement of US$430 million of senior secured credit facilities made available to finance Procera’s acquisition of Sandvine Corporation.  The facilities consisted of a US$400 million first lien term loan facility and a US$30 million first lien revolving credit facility. 

The acquisition of Sandvine Corporation by Procera Networks, Inc.  was done via PNI Acquireco Corp.  through a plan of arrangement.

McCarthy Tétrault LLP acted as Canadian counsel to JPMorgan Chase Bank, N.A. in connection with the credit facility.

Contact


 
For general information on McCarthy Tétrault Transactions & Cases, please contact [email protected].

Related Area of Expertise


Private Equity
read /

Technology & Licensing
read /