Wenger Plattner with Sixth Street on VertiGIS financing for 1Spatial acquisition

Wenger Plattner has acted as Swiss legal adviser to Sixth Street — a multi-strategy investment firm headquartered in San Francisco, California — on the financing it provided to VertiGIS for the acquisition of 1Spatial. The Wenger Plattner team was led by Christine Hohl (pictured) and supported Willkie Farr & Gallagher, which acted as lead counsel to Sixth Street.

Deal details

VertiGIS, a portfolio company of Battery Ventures, provides spatial asset management and geographic information system solutions. It acquired 1Spatial, an AIM-listed provider of location master data management software and services, through a £87.1 million cash offer.

The secured €175 million financing consists of a facility B term loan and a revolving credit facility (RCF). It was signed ahead of the acquisition, with post-closing accessions completed afterwards.