Telecity coup sees Reed Smith pick up new client

Phillip Slater

Slater, who moved from Addleshaw Goddard to head the US firm’s London general finance department in November last year, had a longstanding relationship with the premium data centre provider.

He was supported by a multijurisdictional team for Telecity featuring London acquisition finance partner Lucy Newcomb, Munich managing partner Stefan Kugler and Paris commercial
A DLA Piper team led by leveraged finance partner Peter Crighton advised joint arrangers Barclays, HSBC, Lloyds Banking Group and RBS.

ance partner Peter Crighton advised joint arrangers Barclays, HSBC, Lloyds Banking Group and RBS.

“This is a terrific result on a strategically important deal for a new client,” said Slater. “It underpins our ability to secure new ­relationships and deliver results based on our quality, commitment and market knowledge.”

Speaking about the transaction’s financing, he added: “Obviously it’s good to get this away with four banks. They did well to get all four to be joint arrangers.”