A&O advises Galileo Global Education in relation to its EUR300 million add-on
Headlines in this article
Related news and insights
Publications: 03 April 2024
Chief Information Security Officers and cyber whistleblowing: considerations for PE firms
Publications: 21 March 2024
Publications: 27 February 2024
Publications: 11 January 2024
Allen & Overy has advised Galileo Global Education in relation to its EUR300 million non-fungible add-on to its existing EUR1 billion cov-lite term loan B.
Galileo Global Education is a leading international provider of higher education with an offer that spans from applied arts, fashion, design and digital/Internet to business and medicine. Through its network of 54 schools, the group is present in over 91 campuses in 15 countries around the world and has over 170,000 enrolled students.
The transaction consisted of a EUR300m add-on to the group’s existing EUR1bn senior secured term loan. The add-on was upsized from EUR250m due to investor demand, highlighting the resilience of Galileo’s business even with a challenging backdrop in the European debt markets.
In London, the transaction was led by leveraged finance partner Neil Sinha with senior associate Nick Hallam and associate Alex George and, in Paris, the lead partner was Adrian Mellor assisted by associate Reda Boujnini.
A&O has a long history of advising Galileo Global Education on its financing arrangements, including most recently on its 2021 and 2019 refinancings.