Rising Stars

Firms To Watch: Private equity: transactions – high-value deals (£250m+)

Paul, Weiss, Rifkind, Wharton & Garrison LLP‘s significant recent hiring run includes both Roger Johnson and Will Aitken-Davies, who joined from Kirkland & Ellis International LLP and Linklaters, respectively.
Sullivan & Cromwell LLP has taken steps to bolster its English law capabilities with the hire of Karan Dinamani, who joined the London team from Allen & Overy LLP in March 2023.

Private equity: transactions – high-value deals (£250m+) in London

Clifford Chance LLP

Highly regarded for its ‘strength in depth, with partners and associates making us their top priority‘, Clifford Chance LLP‘s private equity practice works with many of the top buyout houses on big-ticket transactions, both domestically and internationally. In particular, the team is noted for the depth of its European offering, fielding PE specialists across the continent who regularly work in conjunction with the London office on multi-jurisdictional matters. The firm’s global PE head Jonny Myersbrings unrivalled experience as trusted adviser’ across both national and international work, most recently for clients engaged in technology and life sciences-focused deals. Spencer Baylin is a key relationship partner for many of the firm’s most high-profile sponsor clients, while London PE head  Christopher Sullivan – ‘a star who works incredibly hard‘ – is particularly noted for his capabilities in the financial services and healthcare sectors, acting for both PE firms and their portfolio companies. Graham Phillips is well versed in energy and resources-oriented work, while Oliver Marcuse is roundly praised for his expertise in secondary transactions. Since joining from Mayer Brown International LLP in January 2022, Neil Evans has advised on multiple high-value acquisitions for various large sponsors. Shimin Lee, who regularly advises on some of the firm’s most consequential deals, is also recommended.

Responsables de la pratique:

Christopher Sullivan; Jonny Myers


Autres avocats clés:

Spencer Baylin; Shimin Lee; Neil Evans; Oliver Marcuse


Les références

‘We are a repeat user of Clifford Chance for the following reasons. 1. They deliver across all countries, operating as a single team wherever needed. 2. They are truly trusted advisers, partnering with us through all deployment, asset management and liquidity events 3. Leading market knowledge and incisive business-focused advice 4. Deliver solutions, not problems 5. No egos obstruct our getting the best in class advice, whether that be equity, debt, tech, healthcare or any other aspect needed 6. Strength in depth, with partners and associates making us their top priority and working as an international team.’

‘Jonny Myers brings unrivalled experience as trusted adviser with a can-do approach delivering the firm and solutions wherever needed.’

‘Chris Sullivan is a leader of the London team, seen by others in the market as a star who works incredibly hard to deliver wherever and whenever we need CC as our trusted adviser.’

Principaux clients

Cinven


Clayton, Dubilier & Rice


Permira


ONEX


Gyrus


CVC Capital Partners


Partners Group


EQT


abrdn


KKR


Principaux dossiers


  • Advised Cinven and co-investor Novo Holdings on the disposal of Envirotainer to EQT and Mubadala. The enterprise value of the transaction is approximately €2.8 billion.
  • Advised Cinven on an investment in True Potential, with the company’s founders, management, and private equity firm FTV Capital selling an undisclosed majority stake in the business to Cinven.
  • Advised abrdn on its investment (as lead investor) into Titanbay.

Kirkland & Ellis International LLP

City powerhouseKirkland & Ellis International LLP is variously praised by clients for its ‘deep market knowledge‘ and ‘high customer service’. It maintains a dominant position in the London market, acting for leading buyout names on multi-billion-pound acquisitions, exits, and take-privates. In recent months, the team has taken steps to concentrate its position further with the hire of infrastructure specialist Sara Pickersgill, who joined from Allen & Overy in January 2023. The large practice is jointly chaired by David Higgins, a key contact for many of the firm’s top clients, and Matthew Elliott, whose recent highlights include big-ticket acquisitions and divestments in the infrastructure and real estate sectors. Adrian Maguire is regularly engaged on multi-billion-dollar transactions, most recently in the manufacturing and life sciences arenas, while the ‘vastly experiencedStuart Boyd is lauded for bringing ‘a real gravitas to the negotiating table.‘ Other names to note include Celyn Evans, whose sponsor-side practice is focused on the infrastructure and real asset sectors. David Holdsworth left to become general counsel at TDR Capital in January 2023, while Tom McCarthy left for a position at Triton Partners in October 2022. Rachel Wolfenden joined Fried, Frank, Harris, Shriver & Jacobson LLP in December 2022. Partner Roger Johnson left the firm in August 2023.

Responsables de la pratique:

David Higgins; Matthew Elliott


Autres avocats clés:

Adrian Maguire; Stuart Boyd; Dan Clarke; Joe O’Brien; Celyn Evans


Les références

‘Good mix of legal and commercial advice, delivered with high customer service.’

Very responsive. Deep market knowledge. Good balance of technical and commercial skills.’

‘Stuart Boyd always displays high customer service and good thinking outside the box.’

Principaux clients

Advent International


Antin Infrastructure Partners


Apax


Bain Capital Private Equity


BC Partners


Blackstone


Brookfield


Cinven


EQT


GIC


Hellman & Friedman


Montagu Private Equity


Starwood Capital Group


TA Associates


Thoma Bravo


TDR Capital


TPG


Triton


Vista Equity Partners


Warburg Pincus


Principaux dossiers


  • Advising Accel-KKR and the Consortium on the £673 million take-private of Basware Corporation.
  • Advising EQT on the €6.8 billion acquisition of Baring Private Equity Asia.
  • Advising Brookfield on the $4.7 billion sale of Student Roost to a joint venture between GIC and Greystar.

Latham & Watkins

Many of the foremost private equity houses in the market – both domestic and international – turn to the sizeable team at Latham & Watkins for its expertise in high-value transactions across a range of sectors, ranging from multi-billion-dollar take-privates to corporate carve-outs. Practice co-chair David Walker is a highly experienced adviser who frequently handles big-ticket deals for major American and European PE firms. Fellow co-chair Kem Ihenacho, who serves as global co-chair of the firm’s PE practice group, has most recently advised on acquisitions and divestitures in the financial services, energy, and manufacturing sectors, to name a few. Paul Dolman regularly works with clients on leveraged acquisitions and investment transactions, while Tom Evans‘ recent highlights include multi-billion-pound buy and sell-side mandates across a range of industries. Other key figures include Farah O’Brien, a tech and life sciences specialist who also serves as co-chair of the firm’s London corporate department; Mike Bond, a key contact for various investors and portfolio companies; and Linzi Thomas, whose recent engagements span the life sciences and consumer goods sectors. Katie Peek and Maarten Overmars, both of whom were promoted to partner in January 2023, are also recommended.

Responsables de la pratique:

David Walker; Kem Ihenacho


Autres avocats clés:

Paul Dolman; Tom Evans; Farah O’Brien; Linzi Thomas; Katie Peek; Maarten Overmars


Les références

‘Strong expertise and high quality partners.’

‘David Walker is a great lawyer – very experienced and able to negotiate complex issues. Despite his seniority, he is always available and very detail-oriented, which makes him a pleasure to work with across the most strategic topics as well as tactical ones.’

Principaux clients

ArchiMed


Astorg Partners


BC Partners


Blackstone


Bridgepoint


Brookfield


Canada Pension Plan Investment Board


Centerbridge


Cinven


CPDQ


CVC Capital Partners


EQT


Equistone


Epiris


Francisco Partners


GIC


Global Infrastructure Partners


Goldman Sachs


GTCR


Helios Investment Partners


Hellman & Friedman


Inflexion


KKR


KSL Capital Partners


L Catterton


Leonard Green & Partners


Madison Dearborn Partners


Nordic Capital


OMERS Infrastructure


OTPP


One Rock


Onex Corporation


Partners Group


Permira


Platinum Equity


PSP


Silver Lake Partners


Spectrum Equity


TA Associates


The Carlyle Group


TPG


Weil, Gotshal & Manges (London) LLP

A first-class outfit with a well-earned reputation for effectiveness and responsiveness‘, Weil, Gotshal & Manges (London) LLP draws superlative praise from a number of clients for the strength of its sponsor-side transactional practice. Regarded by clients as ‘one of the very best PE lawyers in LondonMarco Compagnoni – global co-chair of the firm’s private equity practice – regularly works with leading firms and their portfolio companies on high-value acquisitions and disposals. Jonathan Wood‘s broad practice encompasses buyouts, exits, and minority investments, most recently for clients in sectors including tech and professional services. ‘First point of call in an emergencySimon Lyell‘s ‘highly technical‘ but ‘commercial‘ practice spans both buyouts and growth investments. Lewis Blakey‘s recent engagements include big-ticket acquisitions with pan-European and transatlantic dimensions. Max Oppenheimer is also recommended.

Responsables de la pratique:

Marco Compagnoni


Autres avocats clés:

Michael Francies; Simon Lyell; Jonathan Wood; Lewis Blakey; James Harvey; Max Oppenheimer


Les références

‘Weil’s London PE team is a first-class outfit with a well-earned reputation for effectiveness and responsiveness.’

‘Marco Compagnoni stands out as one of the very best PE lawyers in London. He is a great technical lawyer and unites this with a level of client care and attention that is unparalleled. There are many good client lawyers and a fair few technical wizards, but to be both is Marco’s superpower. He also has the drive and wish to win for his client; that makes him the go-to lawyer when a deal is particularly hard to do. His sheer force of personality and mental ingenuity will eliminate obstacles that can block lesser lawyers.’

‘Strong and dedicated team, providing excellent counsel and guidance. Broad suite of services available within the firm with the ability to support clients with off-piste questions and challenges by pulling additional resources from elsewhere within the firm.’

Principaux clients

HIG Technology Partners


Bain Capital Tech Ops


Apollo YInvestcorp


65 Equity Partners


One Investment Management


Advent International


Advent Tech


Bain Capital


Bain Capital Credit


Providence Equity


Providence Strategic Growth


Berkshire Partners


Ontario Teachers’


CVC


General Atlantic


TCV


OMERS


Blackstone Growth


Public Sector Pension Investment Board


Sun European Partners


Generation Investment Management


Canada Pension Plan Investment Board


TPG


M&G Investment Management


Montagu Private Equity


Clayton, Dubilier & Rice


Aleph Capital


PAI Partners


A&M Capital Europe


Global Infrastructure Partners


Wren House Infrastructure Management


FitzWalter Capital


Cobham


Kantar


Howden


Laird


Ardian


Principaux dossiers


  • Advised Advent International on the carve out acquisition of Kerry plc’s Sweet Ingredients portfolio.
  • Advised CVC on its acquisition of Radwell International.
  • Advised Bain Capital and Bain Tech Opportunities on the acquisition, together with Nextalia, of Deltatre.

Freshfields Bruckhaus Deringer LLP

A key choice for some of the leading sponsors in the market, the private equity team at Freshfields Bruckhaus Deringer LLP continues to advise on a number of multi-billion-dollar, cross-border transactions, handling high-value bids, sales, and investment deals, among other matters. The practice is jointly chaired by Charles Hayes, global co-head of the financial sponsors group, and Arend Von Riegen, who works out of the Frankfurt office. Victoria Sigeti‘s broad client base spans PE firms, sovereign wealth funds, and pension funds, while Tim Wilmot is particularly noted for his transactional pedigree. Other names to note include Alastair Chapman, whose regular workload includes take-privates, carve-outs, and co-investments. Rebecca Ward joined the team from Dickson Minto WS in April 2022. All named lawyers are based in London unless stated otherwise.

Responsables de la pratique:

Charles Hayes


Autres avocats clés:

Victoria Sigeti; Tim Wilmot; Alastair Brown; Rebecca Ward


Linklaters LLP

A fantastic one-stop shop for high-quality legal services‘, Linklaters LLP‘s client roster comprises a host of large-cap sponsors, who engage the firm for representation in big-ticket, multijurisdictional transactions – from acquisitions to bilateral carve-outs. The practice is co-chaired by Alex Woodward and Ben Rodham, who jointly head up the firm’s wider global financial sponsors group. Woodward, praised for his ‘super sharp legal mind‘, regularly works on acquisitions, divestitures, and investment transactions for various major PE firms, while Rodham – ‘an exceptional transactional partner‘ – has most recently advised on high-value disposals for clients with interests in the healthcare and life sciences sectors, among others. Tracey Lochhead‘s focus is notably concentrated in financial services and mining, while Chris Boycott‘s sector coverage spans tech, healthcare, and consumer goods. Alex Lehtinen – who was promoted to partner in May 2023 – boasts recent experience in manufacturing and real estate-oriented deals. Ben Suen is also recommended. Genna Marten joined the firm from Travers Smith LLP in June 2023, while the firm strengthened its offering on the infrastructure side with the hire of John Guccione from Latham & Watkins in May 2023. Will Aitken-Davies left the team to join Paul, Weiss, Rifkind, Wharton & Garrison LLP in September 2023.

Responsables de la pratique:

Alex Woodward; Ben Rodham


Autres avocats clés:

Tracey Lochhead; Chris Boycott; Alex Lehtinen; Genna Marten; Ben Suen


Les références

‘Outstanding quality of people from associates to senior partners, who are super committed and in the detail.’

‘Ben Rodham is very commercial and articulates risks very clearly, allowing us to make well informed decisions. Much more than a lawyer, he is an outstanding business partner.’

‘Hugely relevant deal experience and highest quality junior talent pool makes Links a go-to firm for us. They have deep expertise in PE deals and the structuring complexity surrounding them.’

Principaux clients

Apax Partners


Apollo


BC Partners


Blackstone


Brookfield


Cerberus


CPPIB


GIC


Hellman & Friedman


Hg


I Squared Capital


Montagu Private Equity


Ontario Teachers’ Pension Plan


PAI Partners


Permira


TDR Capital


Telemos Capital


The Carlyle Group


TPG


Principaux dossiers


  • Advised funds managed by Apax Partners LLP on the sale of Unilabs to A.P. Moller Holding. Reported Unilabs valuation of over €5 billion.
  • Advised Brookfield on its £4 billion recommended offer for HomeServe plc.
  • Advised The Carlyle Group and PAI Partners on their acquisition of Theramex from CVC Capital Partners.

Simpson Thacher & Bartlett LLP

Simpson Thacher & Bartlett LLP‘s private equity practice works on a considerable volume of high-value deals for many leading sponsors, both European and American. The London office is headed up by Ben Spiers, a seasoned transactional partner whose focus is concentrated in the telecoms, media, and technology sectors. Noted for his considerable in-house experience, Geoffrey Bailhache is a prolific adviser whose diverse workload ranges from multi-billion-dollar acquisitions to strategic minority investments. Especially well versed in transactions concerning UK-listed entities, Clare Gaskell‘s recent highlights span a diverse range of sectors, from agriculture and renewable energy to infrastructure and consumer goods. Another active adviser within the team, James Howe‘s transactional practice is comparably diverse, while Jiaying Zhang is noted for her expertise in energy and infrastructure work. Lucy Gillett and Christopher Vallance – both of whom were promoted to partner in January 2023 – are also recommended.

Responsables de la pratique:

Ben Spiers


Autres avocats clés:

Adam Signy; Clare Gaskell; Wheatly MacNamara; Amy Mahon; Jiaying Zhang; James Howe; Lucy Gillett; Christopher Vallance; Geoffrey Bailhache


Les références

‘Excellent team led by James Howe – continuous round the clock support, with a client-centric attitude and best in class commercial advisory. ‘

‘Top notch quality, best in class. Very strong talent at all levels from senior partner down, and including all specialists (tax, IP, debt, employment, etc.). They become an extension of our team on all of our investments, and know what to do before being asked.’

‘Very hands-on and commercial team offering outstanding advice. Smooth and efficiently collaboration; independently driving forward workstreams. Very senior and experienced members of the team are very involved in day-to-day discussions. Exceptional.’

Principaux clients

Apax Partners


Arle Capital Partners


Astorg Asset Management


Atairos Group


Blackstone


Bridgepoint


Bruin Sports Capital


The Carlyle Group


CVC Capital Partners


EQT International Holdings B.V.


Global Infrastructure Partners


Hellman & Friedman


HIG Capital


Kohlberg Kravis Roberts & Co.


Lone Star Funds


Melrose Industries PLC


Oakley Capital


Silver Lake Partners


Vista Equity Partners


Principaux dossiers


  • Represented funds led by Apax Partners LLP in connection with the acquisition, together with Warburg Pincus LLC, of T-Mobile Netherlands Holding B.V. from Deutsche Telekom AG and Tele2 AB.
  • Advised Baring Private Equity Asia in its acquisition by EQT.
  • Advised a consortium including Blackstone, an affiliate of Canada Pension Plan Investment Board, an affiliate of GIC Special Investments Pte. Ltd. and Thomson Reuters on the sale of an approximate 4% interest in London Stock Exchange Group plc to Microsoft Corporation.

Allen & Overy LLP

Allen & Overy LLP’s sponsor-side team advises a number of leading PE houses and portfolio companies on high-value, cross-border transactions. Stephen Lloyd, the global co-chair of the private equity group, has almost three decades of experience working with PE houses and sovereign wealth funds, with recent highlights including a number of multi-jurisdictional sale processes for clients in the tech sector. Gordon Milne is a similarly experienced partner whose regular workload comprises big-ticket acquisitions and carve-outs. Other key names to note include Peter Banks and Monika Pryzgoda, who has recently advised on sales and acquisitions in the consumer goods and industrials arena. Karan Dinamani left the practice to join Sullivan & Cromwell LLP in March 2023.

Responsables de la pratique:

Stephen Lloyd; Gordon Milne; Peter Banks; Monika Przygoda


Autres avocats clés:

Chris Sabine


Les références

‘High quality people, consistently strong execution, very responsive and able to move quickly.’

A humble team, able to convince in a calm way during negotiations, but can be firm if needed.

Quality people, consistently strong in execution, very responsive and able to move quickly.’

Principaux clients

3i


Advent International


AIMCo


Apax


Apollo


Ardian


BC Partners


Blackstone


Bridgepoint


Brookfield


CDPQ


Charterhouse


Cinven


EQT


Exponent


H.I.G. Capital


NXMH


OMERS Private Equity


PAI


Partners Group


USS


Waterland


Ropes & Gray LLP

Brilliant technical lawyers with good commercial sense and judgement‘, Ropes & Gray regularly works with a number of high-profile sponsors and portfolio companies on the gamut of corporate deals. The firm has made a number of lateral hires over recent years, most notably Dan Oates, who arrived from Fried, Frank, Harris, Shriver & Jacobson LLP. Oates joined from Fried Frank alongside Angela Becker and Simon Saitowitz, both of whom are noted for their transactional acumen. John Newton is a highly experienced partner who draws particular praise for his expertise in healthcare and life sciences-driven work. Drawing superlative praise from clients, the ‘outstandingHelen Croke‘s capabilities span both large cap and mid-market deals, while Elizabeth Todd‘s recent engagements include cross-border acquisitions concerning targets in the media and logistics sectors. Shona Ha, who was promoted to partner in November 2022, is lauded for her ‘incredibly impressive, knowledgeable and commercial’ practice. Former London managing partner Will Rosen left the firm to join Bain Capital as its European general counsel in November 2022.

Autres avocats clés:

Helen Croke; John Newton; Angela Becker; Dan Oates; Simon Saitowitz; Elizabeth Todd; Shona Ha


Les références

‘Helen Croke is the most outstanding lawyer I have worked with in my career. She is outstanding in all regards – extremely intellectual, sharp and thinks on her feet, solutions-oriented, great bedside manner, and represents our firm and brand well in negotiations. Her intellect is unmatched – she will be my first call for any complex issues. I have seen buyers of our assets use Helen after our transactions because they have been so impressed by her on the sell-side. She also consistently promotes diversity among her teams, particularly women and minorities, and her efforts should be commended. Helen does not promote herself enough – it is just not in her nature – I hope she finally gets the recognition she deserves because she is truly world-class.’

‘We have worked with Elizabeth Todd and John Newton on transactions for Mitsubishi Financial, Bain and Baring EQT funds. They are super bright and methodical. They also manage to stay calm and focused when the going gets tough.’

‘Shona Ha is incredibly impressive, knowledgeable and commercial.’

Principaux clients

3i Group plc


Advent International


AEA Investors Y


American Industrial Partners (AIP)


Aquiline Capital Partners


Arsenal Capital Management


Astorg


Athyrium


Audax Group


Avista Capital Partners


Baillie Gifford


Bain Capital


BPEA EQT (formerly known as Baring Private Equity Asia)


Bridgepoint


British International Investment (formerly known as CDC)


BV Investment Partners


Cambridge Information Group (CIG)


Cathexis


Charlesbank Capital Partners


Covalis Capital


Cove Hill


CVC Capital


FinDev Canada


Francisco Partners


Generation Investment Management


GHO Capital


Goldman Sachs Asset Management


H.I.G Capital


IK Partners


Inflexion


Intermediate Capital Group


Lee Equity Partners


Livingbridge


Nature Infrastructure Capital


New Mountain Capital


Nordic Capital


Northpond Ventures


Oakley Capital


PAI Partners


Partners Group


PIMCO


Sands Capital


Sixth Street


Summit Partners


TPG Capital


TSG Consumer Partners


Welsh Carson Anderson & Stowe


Principaux dossiers


  • Advised Astorg on the £1.61 billion acquisition of the financial publisher of Euromoney by Astorg and Epiri.
  • Advising funds affiliated with BPEA EQT on its acquisition of IGT Solutions from AION Investments, an investment vehicle of Apollo Global Management.
  • Advised TPG Growth on its investment in Musixmatch. TPG is making its investment through TPG Growth, the firm’s middle market and growth equity platform.

Skadden, Arps, Slate, Meagher & Flom (UK) LLP

Praised by clients for its 'fantastic work ethic and commercial approach', Skadden, Arps, Slate, Meagher & Flom (UK) LLP's City private equity practice is engaged by numerous leading buyout houses and portfolio companies for assistance with multi-billion-dollar transactions. Practice head Richard Youle, who also now serves as head of Skadden's London office, continues to handle a range of high-value international deals.  Katja Butler - co-head of the UK corporate practice - works with some of the firm's top clients on investment deals and acquisitions, while Bruce Embley leverages his capabilities in M&A to advise on a host of sponsor-side and portfolio company mandates. Steven Hannah is also noted for his active sponsor-focused practice. Further names to note include George Gray and counsel Chetan Sheth, while fellow counsel Alex McCarney joined the team from Latham & Watkins in December 2022.

Responsables de la pratique:

Richard Youle


Autres avocats clés:

Katja Butler; Bruce Embley; Steven Hannah; George Gray; Chetan Sheth; Alex McCarney


Les références

‘Fantastic work ethic and commercial approach.’

‘Exceptional lawyers and good humans.’

Principaux clients

Hg


NorStella


The shareholders of MiQ, including the founders of the company and ECI Partners


JAB Holding Company LLC


Castik Capital S.á.r.L.


Waterlogic Group Holdings Limited


Refresco Group BV


Permira Advisers


Continental Grain Company Corp


I Squared Capital


Blackrock


Investindustrial


Principaux dossiers


  • Advised Hg on its investment in the IFS and WorkWave businesses. The transaction values IFS and WorkWave at $10 billion and was the first transaction for Hg’s new Saturn 3 fund.
  • Advised NorStella, a portfolio company of Hg and Welsh Carson Anderson & Stowe, on its merger with Citeline, a portfolio company of Warburg Pincus LLC, at an enterprise value of $5 billion.
  • Advised Castik Capital S.a.r.L. and other shareholders of Waterlogic plc in Waterlogic’s merger with Culligan International.

Cleary Gottlieb Steen & Hamilton

Cleary Gottlieb Steen & Hamilton 's City private equity practice is regularly called in to advise on transactions including minority stake deals and financings. Practice head Michael Preston – who is praised, along with Michael James, as ‘responsive, and incredibly knowledgeable’ - is an active transactional adviser whose recent engagements include investments and majority stake acquisitions for various foreign sponsor clients. Gabriele Antonazzo is well regarded for his multijurisdictional capabilities, regularly advising on deals involving European and Asian markets.  The team has seen significant investment in recent months, with highly experienced partner Ian Shawyer joining from Travers Smith LLP in May 2023.  The team was further boosted by the addition of leveraged finance partner Edward Aldred and counsel Christy O’Connell, both of whom joined from Linklaters LLP the same month.

Responsables de la pratique:

Michael Preston


Autres avocats clés:

Gabriele Antonazzo; Michael James; Ian Shawyer; Ed Aldred; Christy O’Connell


Les références

‘Solid private equity team. Handles cross border transactions well and manages lawyers from different jurisdictions well.’

‘Gabriele Antonazzo is very easy to communicate, gives clear and practical advice, and proactively brings up new business opportunities.’

‘Cleary’s team has a depth and pragmatism that is unmatched; their bench of subject matter experts, specialists and general practitioners ensure that problems and tasks are handled efficiently and effectively.’

Principaux clients

Consortium: Blackstone, Cascade, and Global Infrastructure Partners


British International Investment


Cerberus Capital Management


Hayfin Capital Management


Oaktree


Sixth Street


TPG Capital, TPG Growth, TPG Asia


Warburg Pincus


Cascade Investments


Hillhouse Capital


CDH Investments


Ontario Teachers’ Pension Plan


Temasek


Principaux dossiers


  • Representing a sovereign wealth fund and TPG Capital on the restructuring of their investment in UPL Corporation and their acquisition of a minority stake in UPL Sustainable Agri Solutions.
  • Advising Cerberus Capital Management and its portfolio company My Money Group in the proposed acquisition of HSBC Continental Europe’s retail banking in France.
  • Represented Sixth Street in its $272.5 million investment in Series F convertible, non-redeemable “contractual preferred” shares issued by Content Square.

Gibson, Dunn & Crutcher

Able to draw on close ties with its US offices, Gibson, Dunn & Crutcher continues to build its position in the London market, regularly working on multibillion-dollar transactions for sponsors and companies operating across a number of sectors. Noted for its sector focused approach, the European private equity practice is jointly chaired by Wim De Vlieger, a life sciences specialist, and Federico Fruhbeck, who is recommended for his diverse European coverage - particularly in the infrastructure, ESG and real assets sectors. Nick Tomlinson's recent engagements include high-value investment transactions and divestitures with strong cross-border aspects, while Alice Brogi's expertise spans the telecoms, infrastructure, and manufacturing sectors. Other key figures include Nick Tomlinson, who specialises in digital infrastructure deals; Mark Sperotto, whose experience covers both the UK and Italian markets; and Till Lefranc, who is noted for his focus on technology and life sciences. Isabel Berger is also recommended.

Responsables de la pratique:

Wim De Vlieger; Federico Fruhbeck


Autres avocats clés:

Robert Dixon; Mark Sperotto; Till Lefranc; Nick Tomlinson, Alice Brogi; Isabel Berger


Les références

‘Strong international counsel who can work well with local counsel.’

Principaux clients

AGIC Capital


Anthos Capital


Apollo Global Management


ATL Partners


Aurora Capital Partners


Blackstone’s Tactical Opportunities Fund


Brookfield


Centerbridge Partners


Crestview Partners


CITIC Capital


Elliott Advisors


Fajr Captial No


Global Leisure Partners


Gulf Capital


Investcorp


IPI Partners


I Squared Capital


KKR


L Catterton


Liberty Hall Capital Partners


Meadow Partners


Novator Capital


Oaktree Capital


OpenGate Capital Management, LLC


Platinum Equity


Safanad


Stirling Square Capital Partners


Stepstone Group


Tishman Speyer


Veritas Capital


Principaux dossiers


Goodwin

The team at Goodwin in London acts for a range of clients – both sponsor and management-side – on a steady flow of high-value transactions, particularly in the healthcare, life sciences, tech, and infrastructure sectors. Practice head Richard Lever – experienced in both domestic and multijurisdictional matters – in an active adviser whose recent highlights include a number of portfolio company deals. Carl Bradshaw regularly handles all manner of deals across European markets, while London office co-chair Gemma Roberts is particularly noted for her experience in cross-border carve-outs. Christian Iwasko and James Grimwood are also recommended for their broad transactional acumen.

Responsables de la pratique:

Richard Lever


Autres avocats clés:

Carl Bradshaw; Gemma Roberts; Christian Iwasko; James Grimwood; Michelle Tong


Principaux clients

Accel-KKR


Bregal Milestone & Bregal Sagemount


G Square Private Equity


IK Investment Partners


Lloyds Development Capital


Mayfair Equity Partners


Queens Park Equity


Summit Partners


TA Associates


TowerBrook Capital Partners


Principaux dossiers


  • Advised CSafe, a portfolio company of Frazier Healthcare Partners and Thomas H. Lee Partners, on the completion of its acquisition of Softbox.
  • Advised TA Associates (together with its affiliated investment funds, “TA”) on a minority investment in Apex Group Ltd.
  • Advised TowerBrook on its acquisition of Premium Credit Limited from Cinven.

Milbank

'Well resourced...very efficient...and extremely responsive',  the majority of Milbank's nascent London private equity practice joined the firm from Dickson Minto WS in March 2023. The practice is jointly chaired by former Dickson Minto partner Jordan Simpson and former Kirkland partner Andrej Wolf, who also co-heads the London office. The pair steer the team across multi-jurisdictional acquisitions, sales, investment deals, and restructurings. Simpson is a highly experienced transactional lawyer whose recent engagements include cross-border sell-side mandates, while Wolf's capabilities span acquisitions and follow-on investments, acting for both PE houses and their portfolio companies. Other key figures include James McClymont, who boasts particular expertise in shareholder arrangements, and Lara Watt, a 'highly knowledgeable and commercial' adviser with experience across buyouts, carve-outs, and bolt-on acquisitions.

Responsables de la pratique:

Andrej Wolf; Jordan Simpson


Autres avocats clés:

James McClymont; Lara Watt


Les références

‘The firm offers a well resourced, highly knowledgeable team to guide a deal from start to finish. The team is very experienced and, as a result, has excellent market awareness. The partners manage their teams very efficiently and tasks are allocated appropriately to different levels of seniority, thus providing an effective, safe and cost efficient service. All individuals are very easy to deal with and extremely responsive.’

‘Lara Watt is highly knowledgeable and commercial in her approach.’

Principaux clients

A&M Capital Europe


Cerberus European Investments


Charterhouse Capital Partners


Compass Partners


Intermediate Capital Group


Investindustrial


PAI Partners


Park Square Capital


Stirling Square Capital Partners


Summit Partners


Sun European Partners


The Carlyle Group


Värde Partners


Vitruvian Partners


Principaux dossiers


  • Advised Vitruvian Partners on its co-investment, alongside EQT, in CFC Underwriting.
  • Advised Charterhouse on the sale of SLR Consulting, implemented by private scheme of arrangement.
  • Represented Universal Partners on the sale of Dentex Healthcare Group to Portman Healthcare, including in respect of the associated Phase 1 CMA clearance.

White & Case LLP

White & Case LLP‘s diverse roster of sponsor clients – ranging from major PE houses to sovereign wealth funds and growth funds – turn to the ‘commercial and practical‘ team for its capabilities across a range of transactions, most recently in the tech, payment services, and healthcare sectors. Practice head Richard Jones is particularly noted for his capabilities across energy, real estate, and financial services, with recent engagements including multijurisdictional acquisitions in the renewables space. Ross Allardice is noted for his healthcare and life sciences work, while Kenneth Barry – a prolific adviser within the team – is praised by clients for his ‘unparalleled‘ deal expertise.  Other key figures include Will Summers, lauded for his ‘exceptional talent and dedication‘ on high-profile sponsor-side work, while Lucy Bullock is described by one client as an ‘extremely impressive‘ deal adviser, who works with some of the firm’s leading international clients.

Responsables de la pratique:

Richard Jones


Autres avocats clés:

Ross Allardice; Kenneth Barry; Will Summers; Lucy Bullock


Les références

‘They are incredibly responsive and the team works together like a well-oiled machine. They are on top of most recent trends and deal technology and at same time they always maintain a commercial and practical approach.’

‘Ken’s expertise is unparalleled. His deep understanding of complex transactions and his ability to execute extremely quickly and efficiently set him apart from his peers. His strategic focus, combined with his exceptional negotiation skills, have consistently provided us with a competitive edge.’

‘Will’s rapid ascent is a testament to his exceptional talent and dedication. His sharp focus, attention to detail and pragmatism have consistently impressed us over the last 10 years.’

Principaux clients

Advent


Anchorage Capital Group


Antin


Ara Partners


Blackstone


Bluewater Energy


Caisse de dépôt et placement du Québec (CDPQ)


The Carlyle Group


CVC Capital Partners


Development Partners International


EQT


Eurazeo


Goldman Sachs


JP Morgan Infra Fund


Macquarie Group


Metric Capital


MidEuropa


Mubadala


Nets Holding A/S


Nordic Capital


Novator


Oaktree


One Equity Partners


Providence Equity Partners


QIA


Triton Partners


Principaux dossiers


  • Representing Goldman Sachs Asset Management Division on its acquisition of a controlling stake in leading European specialty pharmaceuticals company Norgine BV.
  • Representing The Carlyle Group on its acquisition of a majority stake in international digital marketing agency Incubeta Holdings International Limited.
  • Representing Eurazeo SA on its £355 million investment of up to 34% of BMS Group Ltd, the United Kingdom based provider of products and solutions to the insurance and reinsurance industry and large commercial clients, valuing BMS at £1.75bn.

Willkie Farr & Gallagher (UK) LLP

'A commercially driven team which gets things done', Willkie Farr & Gallagher (UK) LLP is regularly engaged by a number of sponsors for assistance with big-ticket transactions. Practice head Gavin Gordon is the key relationship partner for a number of the team's leading clients, who turn to Gordon for his expertise in cross-border matters with a European or transatlantic aspect. David Arnold is a seasoned PE partner who regularly handles strategic buy and sell-side mandates, while Claire McDaid's expertise is notably concentrated in distressed transactions. Other active advisers include Philip Coletto, who often works on deals involving tech or financial services assets, and Andrew Gray, who regularly works with a range of established US and UK firms.

Responsables de la pratique:

Gavin Gordon


Autres avocats clés:

David Arnold; Claire McDaid; Philip Coletto; Andrew Gray


Les références

‘This is a very commercially driven team which gets things done. Extremely responsive and solution oriented, letting the younger team members front discussions and negotiations together with their client.’

‘Straightforward, high ethical standards, and extremely responsive. Hands-on and deeply engaged in the matter and its delivery.’

‘Claire McDaid is technically outstanding and provides pragmatic commercial advice that demonstrates a very strong understanding of the market. Claire is pragmatic, highly efficient and thrives when dealing with complexity.’

Principaux clients

Searchlight Capital Partners


Levine Leichtman Capital Partners


Insight Partners


CapVest Partners


FTV Capital


Freshstream


Bluewater


PAI Partners


Atlas Holdings


Blantyre Capital


Principaux dossiers


  • Represented Searchlight Capital Partners on the sale of Global Risk Partners to Brown & Brown, Inc.
  • Advised STARK Group, a portfolio company of CVC, on its acquisition of Saint-Gobain Building Distribution.
  • Advised Briarwood Capital Partners on its successful take-private public tender offer for Basware. Briarwood acted as part of a consortium which was led by Accel-KKR and also included Long Path Partners.

Baker McKenzie

Drawing on its considerable global footprint, Baker McKenzie regularly advises on a range of upper mid-market and high-cap transactions for PE firms and portfolio companies across the healthcare, TMT, infrastructure, and financial services sectors, among others. The team is led by David Allen, an 'extremely impressive' partner whose recent engagements include multi-jurisdictional acquisitions and disposals. Allen often works in conjunction with Alex Lewis, who draws similarly high praise for his 'commercial' and 'effective' transactional practice. Global private equity chair Karen Guch continues to work with market-leading sponsors on both buy and sell-side mandates, while Justin Hutchinson is particularly noted for his capabilities in cross-border work.

Responsables de la pratique:

David Allen


Autres avocats clés:

Karen Guch; Alex Lewis; Justin Hutchinson


Les références

‘The firm’s top partners, particularly David Allen and Alex Lewis, are extremely impressive. You can tell they have taken a lot of time to consider all the commercial angles to ensure they can present clients with the most effective plan.’

Principaux clients

Platinum Equity


Bain Capital


KKR


Silver Lake Capital Partners


Bluegem Capital Partners


Core Equity


APG


Mayfair Equity Partners


New Mountain Capital


Aurelius Group


The Rohatyn Group


One Equity Partners


Principaux dossiers


  • Acted for Core Equity on its acquisition of the Portman Dental Group in 2018 and subsequent add-ons.
  • Advised Silver Lake in connection with the disposal of the Spanish, French, Mexican and MENA financial services comparison platforms, branded Rastreator and LeLynx.
  • Advised KKR in connection with its acquisition of urology product manufacturer, Clinisupplies.

Debevoise & Plimpton LLP

Steered by practice head David Innes, Debevoise & Plimpton LLP 's London buyout team regularly works in conjunction with the firm’s offices in New York and Hong Kong on high-value transactions, including a growing volume of secondaries and investment deals. Geoffrey Burgess‘s far-reaching international practice spans Africa, India, and the US, while dual-qualified (England and US) Katherine Ashton, a private funds specialist, is particularly noted for her work on secondaries transactions. Other names to note include E Raman Bet-Mansour – based between the firm’s London and Paris offices – and Dominic Blaxill, whose recent engagements include advising on multi-billion-dollar acquisitions.

Responsables de la pratique:

David Innes


Autres avocats clés:

Geoffrey Burgess; Katherine Ashton; E Raman Bet-Mansour; Dominic Blaxill


Principaux clients

Prudential Financial


Leapfrog Investments


Evercare Health Fund


CPP Investment Board


Carlyle Group


Dover Corporation


Transdev


EQT Partners


Clayton, Dubilier & Rice


Solenis


Helios Investment Partners


HarbourVest Partners


Principaux dossiers


  • Advised Prudential Financial, in partnership with LeapFrog Investments, in its acquisition of a minority interest in Alexander Forbes Group Holdings Limited by way of a bilateral acquisition from Mercer Africa Limited and a partial tender offer on the JSE to eligible shareholders.
  • Advised the Evercare Group, wholly owned by the Evercare Health Fund, in its sale of a majority shareholding in Metropolitan Hospital Holdings Limited to The Metro Group Plc.
  • Advised Leapfrog Investments as lead investor in a $70 million equity investment round for Sun King. The Debevoise team assisted Leapfrog in various legal aspects relating to the transaction, including antitrust, compliance and ESG.

Dechert LLP

Dechert LLP is engaged by various PE firms and sovereign wealth funds for advice on a range of high-value transactions, frequently with a strong cross-border aspect. The London practice is headed up by global PE co-head Christopher Field, whose recent engagements include multi-billion-dollar take-privates and investment deals. Mark Evans is an experienced corporate partner who regularly advises on acquisitions, divestments, and investments for major asset managers. Sam Whittaker - a key contact for some of the team's most high-profile clients - is also recommended.

Responsables de la pratique:

Christopher Field


Autres avocats clés:

Mark Evans; Sam Whittaker


Principaux clients

Ares Management Limited


Brookfield Asset Management


Columna Capital


Davies Group (BC Partners portfolio company)


Further Global Capital Management


GIC


KKR


Metric Capital Partners


MidEuropa


Quilvest Capital Partners


Principaux dossiers


  • Advised GIC, as part of an investment consortium, on its US$16 billion take-private acquisition of a media analytics company.
  • Advised GIC, as part of a consortium led by Blackstone that includes GIC and Canada Pension Plan Investment Board, on (i) the consortium’s partial sale of a 4% stake in London Stock Exchange Group plc (LSEG) to Microsoft; and (ii) its share buyback by the LSEG.
  • Advised Quilvest Capital Partners and its portfolio company Phaidon International on its sale to a global investor consortium led by funds managed by Further Global Capital Management.

DLA Piper

Able to leverage its significant global presence, DLA Piper is particularly noted for the strength of its portfolio company work, where the group advises a diverse range of management teams on high-value PE transactions. Practice chair Ed Griffiths regularly handles multijurisdictional deals - particularly for clients involved in the tech sector. Tim Wright, responsible for the firm's management-side practice, has recently advised on multi-billion-dollar transactions in the tech, life sciences, and financial services sectors, among others. Philip Allenby , who was promoted to partner in May 2022, is also noted for his capabilities in management-oriented work.

Responsables de la pratique:

Ed Griffiths


Autres avocats clés:

Tim Wright; Philip Allenby


Principaux clients

Aonic


Beech Tree Private Equity


Blackstone


Bregal Milestone


The Carlyle Group


Duke Street Capital


Elliott Advisors


EMI Capital


EMK Capital


Encore Capital


EQT Ventures


Graphite Capital


Gresham House


H.I.G. European Capital Partners


Inflexion Private Equity Partners


Intermediate Capital Group


Lloyds Development Capital


Pollen St Capital


Symphony Technology Group


Three Hills Capital Partners


Trilantic Capital Management


Twinpoint Capital LLC


Acolin Holding AG


Airties


Analysys Mason Limited


Ascot Lloyd


Butlins Skyline Limited


Element Materials Technology


IGT Holding


Kantar Group


Miller Homes


OpenHealth Communications


PwC


RGI S.p.A.


SLR Consulting


Principaux dossiers


  • Advising Element Materials Technology on its sale to Temasek Holdings from Bridgepoint and management reinvestment.
  • Advised Elliott Group on a competitive auction process to acquire Enra Specialist Finance.
  • Advising the sellers on the disposal of Allied Glass to Verallia for £315 million.

Macfarlanes LLP

Well-regarded for its 'excellent strength in depth and great quality advice', Macfarlanes LLP is a strong choice for both sponsors and management teams seeking assistance on all manner of transactions. The team is headed up by Alex Edmondson, who is praised as 'a real stand out who is technically very proficient and commercially minded' across buyouts and sell-side mandates. Stephen Drewitt is a highly experienced figure who serves as key relationship partner for some of the firm's major clients, with recent engagements including high value, cross-border investment deals. Other key names include Jessica Adam, noted for her management advisory practice, and Stephen Pike, who is well-versed in all types of PE deals.

Responsables de la pratique:

Alex Edmondson


Autres avocats clés:

Stephen Drewitt; Jessica Adam; Stephen Pike


Les références

‘Excellent strength in depth and great quality advice throughout private equity transactions.’

‘Stephen Drewitt is an oracle in the sector.’

‘Jessica Adam, Adam Campbell, and Stephen Pike are all excellent.’

Principaux clients

Alchemy Partners


Caledonia Private Capital


J.C. Flowers & Co


Bowmark Capital


Epiris


Exponent Private Equity


Mayfair Equity Partners


Graphite Capital


Charme Capital Partners


KPS Capital Partners


Partners Group and Duke Street


Tulchan


Crestline Management LP


Principaux dossiers


  • Advised on a £725m investment by HPS Investment Partners into Nucleus, a portfolio company of Epiris.
  • Advised Speira, a portfolio company of KPS Capital Partners, on the English law aspects of its acquisition of the European business of Real Alloy.
  • Advised Partners Group and Duke Street on the sale of Voyage Care to Wren House.

Proskauer Rose LLP

Proskauer Rose LLP‘s ‘great client service and pragmatism‘ is valued by asset manager clients, who turn to the team for its capabilities across a range of transactions, ranging from high-value, cross-border equity investment deals to minority stake acquisitions. Practice chair Steven Davis is praised for his ‘incredibly experienced‘ and ‘highly strategic‘ approach, most recently on acquisitions for clients investing in tech and manufacturing assets. Richard Bull‘s focus notably includes insurance and tech-focused deals, while Andrew Wingfield‘s prolific transactional practice covers acquisitions, sales, and investments across the financial services sector. Other names to note include the ‘excellent’ Adam Creed, particularly praised for his capabilities in minority investment deals; Rebecca Villarreal, noted for her insurance acumen; and Rob Day, a key contact for various top sponsors seeking assistance with sports, media, and technology-based deals.  Liam Arthur joined from William Fry LLP in November 2022, while Tony Downes left the practice to join Sidley Austin LLP earlier in the summer.

Responsables de la pratique:

Steven Davis


Autres avocats clés:

Richard Bull; Andrew Wingfield; Liam Arthur; Rob Day; Adam Creed; Rebecca Villarreal; Andrew Houghton


Les références

‘Adam Creed is excellent on minority investments, responsive and easy to work with.’

‘Great client service and pragmatism.’

‘Rebecca Villarreal is engaging and helpful and pragmatic. She listens but also knows how to guide and get things done.’

Principaux clients

7RIDGE


AnaCap Financial Partners


Charterhouse Capital Partners


Exponent Private Equity


ICG


Investcorp


Lion Capital


Oaktree


One Peak Partners


Pollen Street Capital


Rubicon Partners


Synova


Toscafund


Varde Partners


CFC


Global Risk Partners


Global Shares


Lovell Minnick Partners


Motive Partners


Ares Management


Principaux dossiers


  • Provided cross-border advice to JLC on its capital raising, equity investment and related activities in connection with its investment in the $9.5 billion New Terminal One project at John F. Kennedy International Airport.
  • Advised FinTech CFC and its stakeholders on an investment joint-led by EQT and Vitruvian Partners.
  • Acted as lead counsel to Enra Specialist Finance and its shareholders on its sale to Elliott Advisors (UK) Limited for £350 million.

Slaughter and May

Counting a number of PE firms and portfolio companies among its client roster, Slaughter and May regularly handles upper mid-market deals, including acquisitions, secondaries, and majority investments. Practice co-chair Harry Bacon is a highly active adviser who works with some of the world’s largest asset managers on strategic transactions. Fellow co-chair Filippo de Falco, noted for his southern European expertise, advises both sponsors and management teams on a host of multi-jurisdictional deals, sometimes working in conjunction with experienced corporate partner Paul Mudie. Other key figures in the practice include Robin Ogle, whose recent highlights include high-value consortium investment deals. Insurance specialist Robert Chaplin left the firm for Skadden, Arps, Slate, Meagher & Flom (UK) LLP in August 2022.

Responsables de la pratique:

Harry Bacon; Filippo de Falco


Autres avocats clés:

Paul Mudie; Robin Ogle


Principaux clients

BlackRock


Blackstone Tactical Opportunities


Corsair Capital


Fortress Investment Group LLC


GHO Capital


HPS Investment Partners


Investindustrial


Palamon Capital Partners


Pollen Street Capital


Trill Impact


Varde Partners


Principaux dossiers


  • Advised BlackRock Real Assets on its consortium investment in Tata Power Renewable Energy Limited.
  • Advising Nucleus Clyde Acquisition Limited, a wholly owned subsidiary of Nucleus Financial Platforms Limited, and HPS Investment Partners as a major shareholder of the Nucleus group, on the recommended cash acquisition of Curtis Banks Group PLC.
  • Advised Inflexion Private Equity Partners and the founders of the Goat Agency on its acquisition by WPP plc.