Barings Supports Inflexion in Refinancing of Chambers and Partners
Feb 13, 2019
Barings, one of the world’s leading asset management firms, announced today that it has served as the sole lender on a senior secured facility to support Inflexion Private Equity Partners LLP in the refinancing of Chambers and Partners, a leading global provider of legal rankings. Inflexion acquired the business in March 2018. Financial terms were not disclosed.
Headquartered in London, Chambers and Partners is the pre-eminent global provider of legal information and rankings of individual lawyers and law firms in over 200 jurisdictions worldwide. Chambers’ research and analysis is recognised for its methodological rigour, making it a trusted provider of rankings globally. Chambers’ products are well-embedded within the legal community, utilised by corporates when selecting their legal advisors, as a key marketing aide for law firms and a considerable achievement for individual solicitors profiled each year.
Matt Carty, Director at Barings said: “Chambers benefits from a prestigious brand within the growing legal services market and has delivered resilient long-term growth. Barings appreciates the opportunity to support Inflexion and the management team as they continue to expand the business internationally and strengthen its digital proposition.”
“It was great to work with Barings on the refinancing of Chambers,” said Tom Green, Investment Director at Inflexion. “The team was supportive of the strategy to accelerate Chambers’ growth and transition the business towards a ‘digital-first’ offering. Barings has provided a flexible financing solution that can support the business in achieving these ambitions on an international scale.”
Barings Global Private Finance, part of Barings LLC, is a 70+ investment team located in seven offices on four continents. GPF has a 40-year track record of successfully financing middle-market buyouts, acquisitions, and recapitalizations. With product capabilities that range from traditional senior debt to bespoke junior capital securities, and hold sizes of $200 million+, Barings is focused on providing capital solutions that help our private equity clients complete their deal on time and as expected. Our long-term commitment to the asset class, local origination in each region, consistent team, and broad range of investment capabilities, are designed to provide investors an absolute spread premium to broadly syndicated loans as well as an attractive risk-adjusted return potential.
Barings is a $303+ billion* global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific. For more information, visit www.barings.com
*As of December 31, 2018
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