W&C acts for Mid Europa on Sage acquisition financing

White & Case has advised London-headquartered private equity company Mid Europa Partners on securing financing for its acquisition of Sage Poland from The Sage Group.

The acquisition agreement, which was first entered into in December last year, officially closed on 1 March 2021.

Mid Europa Partners called on White & Case to help it secure a syndicated loan to finance the acquisition, which was granted to it by a consortium of lenders including Bank Polska Kasa Opieki, BNP Paribas Bank Polska, and Santander Bank Polska.

Sage Poland is a cloud-based business management solutions provider to Polish enterprises, offering its services to a diversity of clients and operating under the Symfonia brand, an accounting software vendor for small and medium sized enterprises.

White & Case’s team advising Mid Europa on the Sage acquisition financing comprised partners Grzegorz Abram and Colin Harley, in Warsaw and London, respectively, as well as Warsaw associate Klaudia Ochenkowska and London associates Sophie Rezki and Elle Illingworth.

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