Dedalus Secures €1.275 Billion Loan Amendment with Paul Hastings' Assistance
Deal News | Jul 28, 2025 | Paul Hastings
Paul Hastings LLP has successfully advised financial giants BNP Paribas, Goldman Sachs, KKR Capital Markets, and UBS in their roles as joint global coordinators and physical bookrunners on a significant financial transaction involving Dedalus Finance GmbH. The deal, valued at €1.275 billion, involved a term loan B amendment and extension, facilitating the financial restructuring of Dedalus Healthcare, a subsidiary of Italian healthcare and diagnostics software company Dedalus S.p.A., which is an Ardian portfolio company. Additionally, Paul Hastings advised the credit funds involved in providing payment-in-kind (PIK) financing to refinance the existing PIK obligations of the company. The legal team from Paul Hastings was led by Global Finance partners Reena Gogna and Giorgia Sosio de Rosa, with support from associates Charlotte Watt, Ida Tyr, Hayden Shamoi, and Naren Kondhia.
Sectors
- Healthcare Software
- Private Equity
- Corporate Finance
- Legal Services
Geography
- Italy – Dedalus S.p.A., the target company, is based in Italy.
- Global – BNP Paribas, Goldman Sachs, KKR Capital Markets, and UBS are international firms with a global presence.
Industry
- Healthcare Software – Dedalus S.p.A. is involved in the healthcare and diagnostic software industry.
- Private Equity – Dedalus S.p.A. is a portfolio company of Ardian, a private equity firm.
- Corporate Finance – The article discusses a major financial restructuring involving international financial institutions and legal advisors.
- Legal Services – Paul Hastings LLP provided legal advisory services for the transaction.
Financials
- €1.275 Billion – The value of the term loan B amendment and extension arranged for Dedalus Finance GmbH.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dedalus S.p.A. | Target Company | Company | An Italian healthcare and diagnostic software provider, part of Ardian's portfolio. |
| Paul Hastings LLP | Legal Advisor | Company | Legal firm advising global coordinators and credit funds in the transaction. |
| BNP Paribas | Joint Global Coordinator and Physical Bookrunner | Company | International banking and financial services corporation. |
| Goldman Sachs | Joint Global Coordinator and Physical Bookrunner | Company | Global investment banking, securities, and investment management firm. |
| KKR Capital Markets | Joint Global Coordinator and Physical Bookrunner | Company | Part of KKR, a leading global investment firm. |
| UBS | Joint Global Coordinator and Physical Bookrunner | Company | Multinational diversified financial services company. |
| Ardian | Private Equity Firm | Company | Private equity firm that owns Dedalus S.p.A. |
| Reena Gogna | Global Finance Partner | Person | Led the Paul Hastings team on the transaction. |
| Giorgia Sosio de Rosa | Global Finance Partner | Person | Co-led the Paul Hastings team on the transaction. |
| Charlotte Watt | Associate | Person | Part of the Paul Hastings team. |
| Ida Tyr | Associate | Person | Part of the Paul Hastings team. |
| Hayden Shamoi | Associate | Person | Part of the Paul Hastings team. |
| Naren Kondhia | Associate | Person | Part of the Paul Hastings team. |