Sidley represented TPx Communications in the refinancing of its existing credit facilities and concurrent equity investment led by current majority owner Siris Capital Group. TPx is a leading nationwide managed services provider delivering cybersecurity, managed networks and cloud communications. The transaction meaningfully extended the maturity of TPx’s debt and enhances liquidity to accelerate its growth strategy and technology transformation as a leading IT, security and networking managed services provider to small- and medium-sized businesses. The transaction closed on February 15, 2022.
The Sidley team was led by Nicholas Schwartz and Kristen Smith (Global Finance) and Anthony Grossi (Restructuring), with support from Vijay Sekhon (M&A and Private Equity), who previously led Sidley’s representation of Siris in its acquisition of TPx, and Sam Newman (Restructuring). The team also included Mahalia Doughty, Michael Schlinkert, Dane Rupley, and Alexander Haer (Global Finance); Ayo Badejo, E. Kyle Barnett, and Nikita Ponomarev (M&A and Private Equity); T.J. Gordon, David Solow, and Kaylee Bean (Global Finance); Ankur Gupta, Keith Hayden Del Prete, and Jonathan Koh (Real Estate); Christian Brause, Richard Silverman, Eric Grosshandler, Dustin Anderson, and Ryan Kelly (Tax); Andrew Shoyer (Litigation); and Heather M. Palmer (Regulatory and Enforcement).
