Allison R. Liff

Consumer and Retail

• Advent International on the financing of its affiliate, AI Beauty’s, acquisition of cosmetics brands bareMinerals, BUXOM and Laura Mercier (collectively, n/k/a Orveon) from Shiseido.
• Ardian on its revolving and first and second lien term facilities to finance its acquisition of a majority stake in Florida Food Products and to refinance existing FFP indebtedness and incremental debt raises. 
• First Watch Restaurants (a publicly traded company backed by Advent International) on its $175 million senior secured facilities to refinance existing indebtedness following its IPO.
• Goldman Sachs on its $560 million first and second lien facilities to finance its acquisition of Restaurant Technologies.
• P.F. Chang’s (at the time, a Centerbridge portfolio company) on its $380 million senior secured facilities.
• Serta Simmons Bedding (an Advent International portfolio company) on its $1.05 billion super-priority senior secured upsized term facility, as part of a recapitalization that eliminated debt and provided liquidity.
• Serta Simmons Bedding (an Advent International portfolio company) on its $2.4 billion first and second lien term facilities and an amendment and restatement of their existing $225 million asset-based revolving facility.
• Sovos Brands (formerly an Advent International portfolio company) on its $185 million senior secured credit facilities to finance its acquisition of Rao’s Specialty Foods.
• Sovos Brands (formerly an Advent International portfolio company) on its $705 million first lien credit facilities and $200 million second lien credit facility to refinance existing indebtedness and make a pre-IPO dividend to shareholders.
• Sovos Brands (formerly an Advent International portfolio company) on its first and second lien facilities to, primarily, refinance existing indebtedness.
• Thrasio (a company in which Advent International and Silver Lake have substantial minority investments) on its recapitalization and on several incremental debt raises.
• Turnspire Capital Partners on a $50 million senior secured term loan facility and $25 million asset-based revolving credit facility to finance its acquisitions of LifeLine Foods and ICM BioFuels.
• Verlinvest in connection with the entry by one of its portfolio companies into a $75 million senior secured term loan and a $12.5 million senior secured delayed draw term loan facility.

Financial Services, Fintech and Business Services

• syncreon Group B.V. on its $126 million secured term facility to finance operations during a scheme process in the UK and meet its immediate liquidity needs; senior secured term loan credit facility consisting of a $125.5 million first out tranche and a $225 million second out tranche; and $135 million multicurrency senior secured ABL facility, each to finance operations upon its completion of the scheme process.
• syncreon Group B.V. on an amended and extended $100 million senior secured revolving facility to, among other things, create capacity for a third-party receivables financing facility; and on a $100 million ABL senior secured revolving receivables financing facility.
• TPG on its senior secured term and revolving facilities to finance its acquisition of Morrow Sodali.
• TPG on its senior secured facilities to finance its acquisition of Keter Environmental Services.
• TPG on its $465 million senior secured term and revolving facilities and commitments for Accel Entertainment, in connection with its acquisition by SPAC TPG Pace Holdings, and to refinance existing indebtedness.
• Vitruvian Partners on its strategic co-investment in Walkers Professional Services, the fund and corporate services arm of Walkers, a leading international law firm.

Healthcare and Life Sciences

• CVC Capital Partners on its $670 million credit facilities to finance its global carve-out acquisition of Therakos from Mallinckrodt (awarded IFLR Private Equity Deal of the Year 2025).
• ATI Physical Therapy (an Advent International portfolio company) on a $550 million credit facility comprised of a $500 million senior secured term loan and $50 million super-priority senior secured revolver to refinance its existing long-term debt.
• Definitive Healthcare (an Advent International portfolio company) on its $350 million senior secured facilities to refinance existing indebtedness immediately following its IPO.
• CVC Capital Partners in connection with the financing for its acquisition of Icario.

Industrials, Energy and Infrastructure

• Advent International on its $600 million first and second lien facilities to finance its acquisition of Culligan International Company.
• Al Candelaria S.L.U. (an Advent International portfolio company), on the financing of its acquisition of a 22 percent stake in Ocensa, Colombia’s largest oil pipeline.
• Apollo Infrastructure on the financing of its acquisition of Parallel Infrastructure from Lendlease and subsequent sale to Harmony Towers (a Palistar Capital portfolio company).
• Culligan International Company (an Advent International portfolio company) on multiple incremental debt raises to finance various acquisitions, including ZIP Industries, TWH Filtration Industries, including its principal subsidiary Paragon Water Systems, Aqua Venture, Harvey Water Softeners and Aqua Vital.
• CVC Capital Partners on its $1.3 billion senior secured credit facilities to finance its acquisition of Radwell International.
• GI Partners on its senior secured facilities to finance its acquisition of Vast Broadband.
• GHP Group, a portfolio company of Turnspire Capital Partners, on a $30 million A&R credit facility.
• Infinity Engineered Products, a portfolio company of Turnspire Capital Partners, on a $30 million term loan and $7.5 million revolving credit facility.
• KKCG, a private capital firm, on the financing for its proposed bid to acquire an industrials company in the US.
• Li-Cycle Holdings on its announced issuance of a $75 million senior secured convertible note to Glencore Canada Corporation.
• Searchlight Capital on its first and second lien credit facilities to finance its acquisition of Integrated Power Services.
• Turnspire Capital Partners on a financing for a portfolio company in the industrials sector to finance an acquisition and refinance existing indebtedness.

Technology, Media and Telecoms

• Advent International on its $1.95 billion first lien multicurrency facilities to finance its $2.7 billion acquisition of Nielsen Global Connect.
• Aquiline Capital on the financing for its acquisition Ontellus, a leader in outsourced records retrieval.
• Assembly, a portfolio company of Advent International and Providence Strategic Growth, to finance its acquisition of PacVue.
• Coupa on its $8 billion sale to Thoma Bravo.
• Goldman Sachs as sponsor of GS Acquisition Holdings Corp II (GSAH), a SPAC, in $830 million first lien term and $50 million senior secured revolving facilities for Mirion Technologies, Inc. to finance Mirion’s $2.6 billion business combination with GSAH.
• Goldman Sachs on its financing for its investment in AvaSure.
• Shift4 Payments (a Searchlight Capital portfolio company) on its $600 million first and second lien facilities to refinance existing indebtedness and to finance an acquisition.

*This deal list includes some matters that Allison completed prior to joining Ropes & Gray.