ProfessionalsKanesh Balasubramaniam

Tel: +44-20-7367-1604
Fax: +44-20-3002-5649
kbalas@paulweiss.com
A partner in the Finance Group, Kanesh Balasubramaniam represents leading private equity sponsors and their portfolio companies in complex leveraged buyout financings and other acquisition and growth equity financings across multiple jurisdictions and levels of the capital structure.
EXPERIENCE
Kanesh has extensive experience advising clients on European and U.S. debt and equity financings, including transactions involving senior secured credit facilities, high yield bonds, private placements and other acquisition and holdco instruments and liability management and sports financing transactions. Kanesh鈥檚 private equity clients include Bain Capital, BC Partners, General Atlantic and Hg Capital, among many others.
He is recognized as one of the top lawyers in the United Kingdom, recently being recognized as a 鈥淩ecommended Lawyer鈥 in Acquisition Finance by The Legal 500 UK and earning a ranking in The Lawyer鈥檚 鈥淗ot 100鈥 list. He also serves on the Board of Pratham UK, one of India鈥檚 largest not-for-profit organizations. He was recently named a 鈥淩ising Star of European Finance 2025鈥 by Financial News, which recognizes the most talented individuals under the age of 40 working in finance and professional services.
Kanesh鈥檚 representative matters include advising:
- Bain Capital:
- and its affiliate Castello (BC) Bidco S.p.A. on the U.S. and English law aspects of Castello鈥檚 debut issuance of 鈧550 million senior secured floating rate notes and its entry into a new 鈧100 million revolving credit facility
- in connection with the finance aspects of its acquisition of SO.MA.CI.S, including an offering of 鈧550 million of high-yield bonds
- on the multi-billion financing for its acquisition of a majority stake in European recruitment specialist House of HR
- House of HR in connection with a 鈧150 million Term Loan B (TLB) add-on to its existing 鈧1.02 billion TLB financing facility
- and BC Partners on the 鈧3 billion financing for Fedrigoni
- Fedrigoni, portfolio company of Bain Capital and BC Partners, in its offering of 鈧665 million of high-yield bonds
- and Cinven, and their portfolio company Nidda Healthcare, on financing matters
- as part of a consortium, on the financing for their investment in Italian Serie A club Atalanta Bergamasca Calcio S.p.A.
- and its consortium partners on the 鈧2.1 billion proposed public takeover of Ahlstrom-Munksj枚 Oyj
- on the 鈧955.3 million public takeover offer for Caverion Corporation
- Engineering Ingegneria Informatica S.p.A. on a 鈧650 million high yield bond offering and the issuance and private placement of 鈧100 million of additional debt to certain institutional investors
- General Atlantic:
- alongside Bridgepoint and members of French software company Esker SA鈥檚 management, in an all-cash, 鈧1.62 billion public tender offer to acquire 100% of the shares of Esker
- in its minority investment in Bridgepoint portfolio company Kyriba
- on its acquisition of a majority stake in Joe & the Juice from Valedo Partners
- and certain of its managed funds, including Atlantic Park, in its recommended offer for Learning Technologies Group plc
- BC Partners:
- United Group, a portfolio group of BC Partners, on its issuance of more than
鈧1.4 billion of senior secured fixed and floating rate notes; and the upsize and maturity extension of United鈥檚 existing revolving credit facility - and K眉hne Holding AG and E3X Partners on the financing aspects of K眉hne Holding鈥檚 acquisition of Aenova Group from BC Partners.
- in the euro financing to acquire a majority stake in Havea, the French leader in natural healthcare with a major presence in the European market, from 3i Group
- on the sale of IMA Group to BDT & MSD Partners
- in its acquisition of Keesing from Ergon Capital and Mediahuis
- and Davies Group on the strategic acquisition of Asta and the acquisition of Sionic Group from Livinbridge and management
- on the sale of UK based mental healthcare provider Elysium Healthcare to Ramsay Health Care
- and CPP Investments on the financing for the acquisition of global MedTech platform CeramTec
- on the sale of European pharmaceutical company Pharmathen to Partners Group
- on the acquisition of a significant stake in Valtech
- on the financing aspects of its acquisition of a majority stake in Davies
- and United Group on the financing aspects of United Group鈥檚 c. 拢1 billion acquisition of Vivacom, and on United Group鈥檚 definitive agreement to acquire Tele2 Croatia
- on its acquisition of a majority stake in United Group, a leading media and communication services provider across Southeast Europe, from KKR
- on its investment in Advanced, a provider of business software solutions
- on the financing aspects of its acquisition of a majority stake in Synthon International Holding, a global market leader in the development of complex Generics
- on the financing aspects of its 拢700 million acquisition of VetPartners from Ares Management and August Equity
- United Group, a portfolio group of BC Partners, on its issuance of more than
- The Access Group, Hg Capital and TA Associates on Europe鈥檚 largest ever unitranche financing on record
- Hg Capital:
- on Personal & Informatik (P&I)鈥檚 鈧455 million refinancing and dividend recapitalization
- on the 拢425 million financing of Hg Genesis 8 portfolio
- on the financing for its majority investment in Visma, a leading provider of business-critical software, in a transaction valuing the business at an enterprise value of $12.2 billion
- on the financing aspects of its acquisition of a majority stake in P&I, and P&I鈥檚 subsequent 鈧455 million refinancing and dividend recapitalization
- on its majority investment in Nomadia
- IRIS Software, and its sponsors, Hg Capital and Leonard Green Partners, on private credit-led refinancing of its existing senior facilities
- Dhilmar
- on the financing aspects of its $795 million acquisition of the 脡l茅onore gold mine in Northern Qu茅bec from Newmont Corporation
- on its $825 million credit facility with Bangkok Bank
- Your.World and Strikwerda Investments on its 鈧1.2 billion syndicated term loan refinancing, including a 鈧1 billion term loan and a new 鈧200 million revolving credit facility
- PAI Partners:
- and its portfolio company Alb茅a Beauty Holdings Sarl on the successful amendment, extension and refinancing of Alb茅a鈥檚 existing facilities
- in connection with the offering by Leather 2 S.p.A. of 鈧340 million senior secured floating rate notes and the entry into a new super senior revolving facility to finance the acquisition of Conceria Pasubio S.p.A.
- and Baring Private Equity Asia on their successful bid to acquire World Freight Company International
- on the debt financing of their 鈧3.3 billion public takeover of Refresco N.V, which will create the world's largest independent bottler
- Oakley Capital:
- on the financing aspects of its investment in Steer Automotive Group
- on the financing for the investments in Phenna Group and CTS Group in transactions valued at over 拢1 billion and subsequent refinancing of its existing term loan B
- and IU Group NV on its refinancing
- on the acquisition of a majority stake in TechInsights by Oakley Capital IV, alongside CVC Growth
- on its investment in ICP Education, a leading independent group of UK nurseries
- Investindustrial:
- on the financing aspects of its acquisition of Neolith
- Guala Closures S.p.A., a portfolio company of Investindustrial, in connection with an issuance of 鈧350 million of senior secured floating-rate notes and upsize of its existing revolving credit facility
- Thomas H. Lee Partners:
- and its portfolio company AutoStore on its $12.4 billion IPO on the Oslo Stock Exchange
- on the acquisition of Bynder Univar on a Global ABL Credit Facility
- on the acquisition of AutoStore from EQT
- KPS Capital Partners:
- in its carve-out acquisition of INEOS Composites from INEOS Enterprises Holdings II Ltd for an estimated consideration of approximately 鈧1.7 billion
- on the financing aspects of its 鈧3.5 billion acquisition of Innomotics from Siemens
- Transcom Holding AB, a portfolio company of Altor Equity Partners, in the issuance of 鈧65 million of senior secured floating rate notes to certain institutional investors
- L Catterton on its agreement to acquire a majority stake in BIRKENSTOCK Group, as well as Birkenstock Holding plc on the approximately 鈧850 million refinancing of its existing credit facilities
- EQT Infrastructure and Covanta on the carve-out of Covanta鈥檚 European operations to create a standalone Waste-to-Energy platform
- The Carlyle Group on the financing for the acquisition of Jagex PAI Partners
- Thoma Bravo on the 拢3.1 billion recommended cash offer for Sophos, a global leader in next-generation cybersecurity solutions
- A consortium consisting of Apax, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers鈥 Pension Plan on the $3.4 billion take private of Inmarsat, a British satellite communications group
- TA Associates and Inspired Education on the financing aspects of the acquisition by Inspired Education of ACG鈥檚 schools unit
- Inspired Education on its 鈧2.14 billion refinancing
- Parthenon Capital on the strategic investment in Titan Wealth Holdings
- Partners Group on the financing of their acquisition of Techem, a leading global energy service provider for the real estate sector and private homeowners, from Macquarie for 鈧4.6 billion
- Antin Infrastructure Partners on its reinvestment in Eurofiber, including the sale of a minority stake to PGGM
- A private equity consortium on the $510 million acquisition of DuPont鈥檚 Clean Technologies business
- Nordic Capital:
- on its acquisition of Orchid Orthopedic Solutions from Altor Equity Partners
- on the 鈧7 billion financing in relation to the merger of Lindorff and Intrum Justitia to create the industry-leading provider of credit management services
- on the refinancing of the indebtedness of the Sunrise Medical Group
- on the debt financing of their acquisition of Dental Clinics Nederland, Adent Cliniques Dentaires Groupe SA and DPH Dental Partner Holding GmbH
- on the debt financing of their acquisition of the Alloheim Group
- GTCR and Corza Health on the acquisition of TachoSil庐 Fibrin Sealant Patch from Takeda Pharmaceutical Company Limited
- CVC Capital on the debt financing of their acquisition of Breitling
- PizzaExpress on its successful refinancing, including an offering of 拢335 million of bonds and entry into its new super senior revolving credit facility
- Kl枚ckner Pentaplast, a portfolio company of Strategic Value Partners, in connection with its 鈧1.9 billion refinancing, which included senior secured notes, senior unsecured notes and a term loan with ESG-linked ratchet
- EG Group on the financing of its acquisition of Woolworths Group鈥檚 petrol division in Australia for A$1.725 billion
- GVC Holdings PLC on their $5.2 billion public takeover of Ladbrokes Coral, which will create one of the largest gaming operators in the world
- Astorg Partners on the debt financing of their acquisition of Audiotonix
- Burger King France SAS on a bank/bond refinancing
- Goldman Sachs, Merrill Lynch, Citi, Morgan Stanley, Santander and a confidential international bank on the bank/bond financing of Hellman & Friedman and GIC鈥檚 acquisition of Allfunds SA
- Deutsche Bank, Cr茅dit Agricole, Natixis and Soci茅t茅 G茅n茅rale on the bank/bond financing of Loxam SAS鈥 public takeover of Lavendon Group PLC
- Resolute Holdings I, LP, and its affiliates in their acquisition of a majority interest in CompoSecure, Inc., a leader in metal payment cards, security and authentication solutions
- Vitruvian Partners on the sale of a majority stake in Accountor Software, a leading provider of mission critical business software in Finland and Sweden, to KKR
- RLDatix and its sponsors, TA Associates and Five Arrows, on the $2 billion private credit-led refinancing of RLDatix鈥檚 existing senior facilities