Ashurst advises on £242 million recommended takeover of Curtis Banks Group

The cash consideration payable to Curtis Banks Group plc ("Curtis Banks") shareholders pursuant to the acquisition will be financed by a combination of new debt and equity financing. The equity financing is to be provided by funds managed by HPS Investment Partners, LLC and its group undertakings, the majority investor in the Nucleus group, and the debt financing is to be provided by the existing senior lenders to the Nucleus group.

Evercore Partners International LLP is acting as financial adviser to Nucleus Financial Platforms Limited and Nucleus Clyde Aquisition Limited in connection with the Acquisition, which values Curtis Banks at approximately £242 million.

The Ashurst team is being led by global loans partner Tim Rennie and corporate partner Tom Mercer, supported by senior associate Connor Lovie and associates Ria Shah and Colin Bugler.