Venable Represents CitiXsys in $60 Million Financing Transaction by Goldman Sachs

1 min

Venable represented CitiXsys, a SaaS company that offers retail solutions to worldwide customers, in connection with a $60m complex financing by Goldman Sachs subsequent to a redemption of a major Series A investor in CitiXsys. The transaction required a pre-financing reorganization of CitiXsys’ international subsidiaries located in Ireland, UK, UAE, Canada, and India. The team was led by Friedemann Thomma, John Sunder, and William Herrfeldt, with fantastic support by Becca Chappell, Ryan Kashfian, Blair Springer, Kristen Ruisi, Andrew Bigart, Shannon Yavorsky, and Molly Schneider.

Goldman Sachs was represented by Jones Day on the Credit Facility, Vinson and Elkins on the warrant, E&Y on tax matters, and Matheson on Irish law items. The Series A investor was represented by Kirkland & Ellis.