Milbank LLP represented Citibank, N.A. as administrative agent and collateral agent, and Citigroup Global Markets Inc., Barclays Bank PLC, HSBC Bank PLC, RBC Capital Markets LLC and Sumitomo Mitsui Banking Corporation as joint lead arrangers and bookrunners in connection with structuring and arranging senior secured financing to support Blackstone’s acquisition of a majority stake in MagicLab. The transaction values the company at approximately $3 billion.
MagicLab, a London-based startup, builds and operates leading dating and social networking apps with over 500 million users around the world, including Badoo, Bumble, Chappy and Lumen.
The Milbank team was led by Global Leveraged Finance partners Marcus Dougherty and Benjamin Sayagh and associates Lindsey Kell and Eliza Biswas.
Also providing advice on various points in the transaction were Tax partner Eschi Rahimi-Laridjani and associate Corey Spector, Intellectual Property associate Javier Ramos and Global Risk & National Security associates Pinky Mehta and Bijan Ganji.
