Capgemini in Bridge Financing of iGate Acquisition
June 29, 2015
Cleary Gottlieb represented Capgemini in connection with a $3.8 billion bridge financing of its acquisition of iGate Corporation.
With more than 145,000 people in over 40 countries, Capgemini is one of the world’s foremost providers of consulting, technology and outsourcing services. The acquisition fulfilled one of the essential components of Capgemini’s strategy in expanding its presence in the North American market.
The $3.8 billion bridge financing was arranged by Barclays, BNP Paribas, Crédit Agricole, HSBC France, Morgan Stanley and Société Générale.
The bridge facility agreement was signed on May 22, 2015 and the first utilisations were made on June 29, 2015.