Paul Hastings Guides €1.275 Billion Loan for Dedalus Finance
Deal News | Jul 28, 2025 | Paul Hasting
Paul Hastings LLP played a significant role in advising BNP Paribas, Goldman Sachs, KKR Capital Markets, and UBS on a €1.275 billion term loan B amendment and extension for Dedalus Finance GmbH, a subsidiary of the Italian software and healthcare firm Dedalus S.p.A., which is backed by the private equity firm Ardian. The advisory from Paul Hastings included orchestrating the joint global coordination and physical bookrunning of the financial transaction. Furthermore, Paul Hastings advised the credit funds involved in the payment-in-kind (PIK) financing, which was instrumental in refinancing the outstanding PIK debt of the company. Global Finance partners Reena Gogna and Giorgia Sosio de Rosa led the advisory team, with support from several associates at Paul Hastings.
Sectors
- Healthcare Software
- Finance and Investment
- Legal Advisory
Geography
- Italy – Dedalus S.p.A., the parent company involved in the transaction, is based in Italy.
- Germany – Dedalus Finance GmbH, the direct beneficiary of the loan, operates in Germany.
- Global – Global financial institutions such as BNP Paribas and Goldman Sachs were involved, indicating a multinational context.
Industry
- Healthcare Software – The article focuses on Dedalus S.p.A., an Italian healthcare and diagnostic software provider.
- Finance and Investment – The transaction involves financial activities such as loan amendment, extension, and refinancing, involving major financial institutions and a private equity firm.
- Legal Advisory – Paul Hastings LLP provided legal advisory services for the loan transaction.
Financials
- €1.275 Billion – The total value of the term loan B amendment and extension.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Company | Advised on the €1.275 billion term loan B amendment and PIK financing for Dedalus Finance. |
| BNP Paribas | Joint Global Coordinator and Physical Bookrunner | Company | Involved in coordinating the financial transaction. |
| Goldman Sachs | Joint Global Coordinator and Physical Bookrunner | Company | Involved in coordinating the financial transaction. |
| KKR Capital Markets | Joint Global Coordinator and Physical Bookrunner | Company | Involved in coordinating the financial transaction. |
| UBS | Joint Global Coordinator and Physical Bookrunner | Company | Involved in coordinating the financial transaction. |
| Dedalus Finance GmbH | Borrower | Company | Subsidiary of Dedalus S.p.A. receiving the loan. |
| Dedalus S.p.A. | Parent Company | Company | Italian healthcare and diagnostic software provider. |
| Ardian | Private Equity Firm | Company | Private equity firm backing Dedalus S.p.A. |
| Reena Gogna | Global Finance Partner | Person | Led the Paul Hastings legal team on the transaction. |
| Giorgia Sosio de Rosa | Global Finance Partner | Person | Led the Paul Hastings legal team on the transaction. |