Legal DealFolio - Financing for Acquisition of Sensis Pty

Davis Polk is advising Merrill Lynch, Pierce, Fenner & Smith Incorporated and Credit Suisse Securities (USA) LLC as joint lead arrangers and joint bookrunners in connection with the senior secured credit facilities to be provided to Project Sunshine III Pty Ltd, a newly formed company created at the direction of Platinum Equity Advisors, LLC (Platinum Equity), to finance the acquisition of a 70% stake in Sensis Pty Ltd (Sensis), a subsidiary of Telstra Corporation Limited for A$454 million. Headquartered in Melbourne, Australia, Sensis operates an integrated network of local search and digital marketing solutions in Australia. Its products include Yellow Pages for various print, online, mobile and voice services and White Pages, an address book. Headquartered in Los Angeles, California, Platinum Equity is a global private equity firm specializing in the merger, acquisition and operation of companies in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution. The Davis Polk credit team includes partner Meyer C. Dworkin, associate Jonathan B. Brown and law clerk Kwesi Larbi-Siaw. The tax team includes partner Rachel D. Kleinberg and law clerk Vinay Prabhakar. Members of the Davis Polk team are based in the New York and Menlo Park offices.

Deal Date:	14-01-2014	Practice Area:	International Finance and Bank Credit
Deal Title:	Financing for Acquisition of Sensis Pty	Industry:	Software & Computer Services
Description:	Davis Polk is advising Merrill Lynch, Pierce, Fenner & Smith Incorporated and Credit Suisse Securities (USA) LLC as joint lead arrangers and joint bookrunners in connection with the senior secured credit facilities to be provided to Project Sunshine III Pty Ltd, a newly formed company created at the direction of Platinum Equity Advisors, LLC (Platinum Equity), to finance the acquisition of a 70% stake in Sensis Pty Ltd (Sensis), a subsidiary of Telstra Corporation Limited for A$454 million. Headquartered in Melbourne, Australia, Sensis operates an integrated network of local search and digital marketing solutions in Australia. Its products include Yellow Pages for various print, online, mobile and voice services and White Pages, an address book. Headquartered in Los Angeles, California, Platinum Equity is a global private equity firm specializing in the merger, acquisition and operation of companies in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution. The Davis Polk credit team includes partner Meyer C. Dworkin, associate Jonathan B. Brown and law clerk Kwesi Larbi-Siaw. The tax team includes partner Rachel D. Kleinberg and law clerk Vinay Prabhakar. Members of the Davis Polk team are based in the New York and Menlo Park offices.
Financial Center:	New York	Value:	100.01-500.00
Advised Party:	Lender	Law Firm	Davis Polk
Borrower Jurisdiction:	Australia	Lender Jurisdiction:	Australia
Classification:	Acquisition Finance Private Company Acquisition	Lawyer	Meyer C Dworkin

Practice Areas -

International Finance and Bank Credit Law Firms and Lawyers

Practice Areas - International Finance and Bank Credit Law Firms and Lawyers