LONDON, February 22, 2024 – Proskauer, a leading international law firm, announced today that it advised funds managed by Pemberton Asset Management on the financing of Charterhouse Capital Partners’ acquisition of Two Circles, a prominent data-driven sports marketing company.

Two Circles will continue to be led by CEO and co-founder, Gareth Balch, alongside the current management team. The Two Circles team have reinvested in the company and increased their shareholding. The transaction is anticipated to complete in the first quarter of 2024.

The Proskauer team was led by partner Alex Griffith and included associates Phil Anscombe and Haris Ahmed (Private Credit). It also included partner Adam Creed and associate Jack Gladman (M&A); and partner Bharat Moudgil and associate Andrew Monthey (Private Credit).  

Assistance with Australian aspects of the deal was provided by Minter Ellison.

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The Firm’s Private Credit Group is made up of cross-disciplinary finance and restructuring experts exclusively dedicated to private credit investors. It includes over 110 finance and restructuring lawyers focused on representing credit funds, business development companies, and other direct lending funds in the restructuring of “clubbed” and syndicated credits, preferred equity, special situations and alternative investments. Over the past five years, Proskauer has been involved in over 1,200 deals for more than 100 private credit clients across the U.S. and Europe with an aggregate transaction value exceeding $350 billion.