CMS has advised on the arrangement of bilateral senior debt facilities to support LoopUp in its acquisition of conferencing services provider MeetingZone. The acquisition, which is worth around £61.4m, constitutes a reverse takeover.
LoopUp is a premium remote meetings solution that makes it easier to collaborate in real time. Its acquisition of MeetingZone supports its mission to transition mainstream conference callers away from ‘dialling in’ with phone numbers and access codes to a better, more productive remote meeting experience.
The CMS team advising on the transaction was led by Banking partner Ruth Marken and senior associate Gurminder Muker, with support from partners Louis Glass and Alasdair Steele, Ben James (Senior Associate), Chrissy Vassiliou (Associate), Ricardo Masferrer (Associate) and Elijha Wong (Trainee).
