February 15, 2022

Colbeck Capital Management LLC US$70 Million Term Loan

Goodmans LLP acted for Colbeck Capital Management LLC (“Colbeck”) in connection with a US$70 million term loan to finance the acquisition and combination of Berlitz Corporation, ELS and The ILSC Education Group under the ownership of Language Education Holdings.

The combined entity will be one of the largest and most comprehensive language learning and study abroad platforms in the world. In addition to providing the financing, Colbeck is an equity investor in the combined entity. Goodmans advised on the Canadian aspects of the financing.

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Primarily recognized for its advice to corporate borrowers, where it routinely handles high-value transactions, it also has an increasingly prominent lender-side practice, with its recent work spanning advice to financial institutions and alternative lenders. — The Legal 500 Canada
The team's work has a significant emphasis on corporate lending, acquisition finance and real estate financing transactions. The department demonstrates considerable experience in managing cross-border transactions. — Chambers Canada
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Clients note, "A very responsive team, which works well under tight timelines, provides quality work with minimal back and forth, and demonstrates attention to detail." — The Legal 500 Canada
...its borrower-side work and involvement in complex restructuring-related matters is particularly impressing. — The Legal 500 Canada
Clients note, "The team is extremely commercially oriented and able to get to the crux of the issue right away." — Chambers Canada
Clients note, "The firm provides sound advice on various complex and time-sensitive transactions including explaining our options and the related pros and cons to each decision." — Chambers Canada
Clients note, the Goodmans team takes a "Pragmatic, commercial view towards getting the transaction closed in a smooth, efficient manner," adding "Partners remain deeply engaged through the transaction." — IFLR1000
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