Acquisition finance in London

Allen & Overy LLP

Drawing on ‘great market knowledge’ gathered over the many years that the firm has operated at the pinnacle of the market, Allen & Overy LLP provides a ‘commercial and very responsive’ service to a creditor-focused client base that includes a core group of large investment banks, as well as a growing roster of credit funds. Denise Gibson has been central to the firm’s success penetrating the private credit market and continues to handle a significant amount of work for direct lending funds in connection with various unitranche financings. The ‘very client-focused’ Nicholas Clark co-heads the global leveraged finance team alongside Gibson and is noted, in particular, for his bank work on large cap cross-border deals, often working in tandem with lawyers spread across the firm’s vast international network.  Annette Kurdian, who joined from Linklaters in 2021, has a varied lender-side practice that not only sees her active for credit funds and banks in mainstream leveraged finance mandates but also at the intersection with infrastructure finance. Although it is somewhat overshadowed by its market-leading lender credentials, the firm is also fairly active on the borrower front, with the ‘extremely commercial and personable’ Robin Harvey instructed by private equity sponsors across a range of financings, including in an acquisition context. The ‘commercially focused’ Neil Sinha is also central to the firm’s sponsor practice and is ‘all over every aspect of the deal’ at all levels of the capital structure. Philip Bowden and Matt Moore are also recommended.

Responsables de la pratique:

Nicholas Clark; Denise Gibson

 

Autres avocats clés:

Philip Bowden; Robin Harvey; Simon Roberts; David Campbell; Greg Brown; Cathy Bell-Walker; James Graham; Annette Kurdian; Robert Burt; Oleg Khomenko; Matt Moore; Neil Sinha; Darren Hanwell; Adam Zecharia; Vanessa Xu; Jane Glancy; Dominique Crowley

Les références

The team is experienced, thoughtful, commercial and very responsive.’

They have great market knowledge.’

Very strong execution, great communication and strong negotiation skills.’

Principaux clients

Ardian

Apollo

Bridgepoint

Brookfield

CVC Capital Partners

Exponent Private Equity

Galileo Global Education

Hg Capital

PAI Partners

Providence Equity Partners

Waterland Private Equity

Clifford Chance LLP

Able to provide a one-stop-shop service to borrowers and lenders on big-ticket and complex leveraged and event-driven deals by virtue of its market-knowledge and extensive international expertise, Clifford Chance LLP 'provides consistently excellent advice across all regions in leveraged finance and is always great to work with'. Taner Hassan is well-versed across the full spectrum of debt products throughout the capital structure and is adept at advising private equity sponsors and their portfolio companies on multi-jurisdictional financings including acquisition and bolt-on transactions. Michael Bates are also very strong on the borrower side, particularly in the context of advising funds on infrastructure financings. Jim MacHale and David Robson 'are always willing to go the extra yard to find a solution' for lenders, with Robson having a particular strength in relation to public to private matters. The 'extraordinary' Peter Dahlen 'adds a lot of value' for both borrowers and lenders on large cap acquisition finance deals and has significant knowledge of the Nordic markets. Other recommended partners include the vastly experienced Charles Cochrane, Emma Folds and recently promoted partner Julia House.

Responsables de la pratique:

Charles Cochrane; Taner Hassan

Autres avocats clés:

Michael Bates; Peter Dahlen; Emma Folds; Jim MacHale; David Robson; Nick Kinnersley; Thomas Critchley; Alexandra Dimsdale-Gill; Julia House; Richard Day

Les références

‘Incredibly commercial – problem solving is in their DNA.’

‘Knowledgeable about the latest deals, as a result of advising on them.’

The team’s strength is their market knowledge and their global reach. They provide consistently excellent advice across all regions in leveraged finance and are always great to work with.’

Principaux clients

Cinven

HSBC

Jaguar Land Rover

Apera Capital

Macquarie

BAML

Morgan Stanley

NatWest

EQT

Telefonica

Principaux dossiers

  • Advising mandated lead arrangers on the bridge financing for National Grid’s £7.8bn acquisition of Western Power Distribution group.
  • Advising sponsor Cinven on the €538m TLB and €150m RCF supporting the acquisition of a majority stake in Restaurant Brands Iberia.
  • Advising Valmet, the Finland-based company that supplies technologies, automated solutions and other services to the paper, pulp and energy industries, in relation to a €996m loan package supporting the merger of Valmet and Neles, the Helsinki listed flow control solutions and services provider.

Kirkland & Ellis International LLP

Led by the ‘vastly experienced and clever’ Neel Sachdev and Stephen Lucas, Kirkland & Ellis International LLP‘s debt finance team is exclusively focused on servicing the acquisition finance needs of its stellar roster of private equity sponsor clients, including Apax, Blackstone, Bain Capital and Carlyle. Consequently, the team is able to negotiate very forcefully for its clients, unencumbered by any lender-side relationships and has a reputation for innovation and new technology development in the finance space. The sheer volume of deals the team handles, not only in the large cap space but also in the mid-market, ensures that the team is across all developments in the market and is as conversant when handling a large cap Term Loan B (TLB) mandate, as it is dealing with credit funds as counterparties on unitranche products. Kirsteen Nicol; Chris Shield and Daniel Borg are also key members of the team. Infrastructure finance specialist James Boswell recently joined the team from Clifford Chance LLP.

Responsables de la pratique:

Stephen Lucas; Neel Sachdev

Autres avocats clés:

Chris Shield; Kirsteen Nicol; Daniel Borg; Evgeny Zborovsky; James Boswell

Principaux clients

Accel-KKR

Advent International

Apax Partners

Bain Capital Private Equity

BC Partners

Blackstone Capital Partners

CapVest

Core Equity Holdings

Hg

HGGC

HIG

Lone Star Funds

Madison Dearborn Partners

Partners Group

Starwood Capital Group Global

TA Associates

The Carlyle Group

Triton

Vitruvian Partners

Warburg Pincus

Latham & Watkins

With a strong London presence on the bank loan and bond front and well-positioned to advise on multi-jurisdictional mandates by virtue of having a presence in key financial centres in Europe and the US, the ‘responsive, commercial and client-focused‘ team at Latham & Watkins provides a holistic and well-integrated service to a balanced mix of lender and borrower clients across their acquisition/leveraged finance needs.  Combining fee-earning work with his duties as managing partner of the London office, Stephen Kensell has vast creditor-side experience and is appreciated by banks for his ‘knowledgeable, reasonable and commercial’ approach to leveraged and investment grade M&A deals. The ‘totally committed and bright’ Jayanthi Sadanandan , Sam Hamilton  and Dominic Newcomb have deep knowledge of a range of financing techniques which they are effectively able to implement on behalf of an impressive roster of borrowers, including private equity sponsors and corporates on cross-border acquisition finance mandates. Angel Quek advises a balanced mix of creditors and debtors and is one of the firm’s more junior practitioners forging a strong reputation in the market, another being Joseph Kimberling, who was promoted to partner at the beginning of 2022. The recent departure of a four-strong team of lawyers, including leading creditor-side practitioners Mohamed Nurmohamed  and Ross Anderson to Paul Hastings LLP was undoubtedly a blow to the firm but it has the strength and depth to cope with any immediate fallout. 

Autres avocats clés:

Dominic Newcomb; Jay Sadanandan; Stephen Kensell; Sam Hamilton; Fergus O’Domhnaill; Manoj Bhundia; Angel Quek; Joseph Kimberling

Les références

Extremely responsive, commercial and client focused.’

‘Superb team across the board’

They know the market inside out, which gave us the protection to negotiate and context to prioritize what really mattered to us from a risk-reward perspective.’

Principaux clients

Goldman Sachs

JP Morgan

Bank of America

Barclays

BNPP

Morgan Stanley

Deutsche Bank

Blackstone Credit

Credit Suisse

Ares Management

HSBC

Highbridge Capital Management

Nordic Capital

Permira

CVC

EQT

Brookfield

Platinum Equity

Blackstone

Ardian

Cinven

Hellman & Friedman

Linklaters LLP

Drawing on ‘excellent strength-in-depth‘ in its London office and across its extensive international network, Linklaters LLP is well-positioned to handle multi-jurisdictional sponsor and corporate-led acquisition finance mandates for a balanced roster of borrowers and lenders. Under the leadership of David Irvine (‘excellent commercial instincts’) and Oliver Sceales , both of whom have strong financial sponsor ties, the team has ‘strong leveraged finance knowledge’ and is adept at advising across the full scope of financial products, including bank and bond financing on large cap mandates, as well as on direct lending mandates. Edward Aldred  is also a popular choice among sponsor clients, as a result of his experience across the gamut of loan products, from syndicated institutional covenant-lite incurrence-based TLB facilities through to unitranche and covenanted maintenance loans. Philip Spittal  advises a balanced borrower and lender client base on event-driven and leveraged finance deals and, alongside creditor-focused partner Nick Syson , is able to call upon a vast amount of knowledge as a result of many years’ experience advising on mandates throughout the credit spectrum. Pathik Gandhi is ‘very efficient at getting the deal done with minimum fuss’ and together with Chris Medley is a driving force behind the firm’s growing creditor offering. Newly promoted partner Rohan Saha is well-versed at advising both banks and sponsors on leveraged finance mandates.

Responsables de la pratique:

David Irvine; Oliver Sceales

Autres avocats clés:

Philip Spittal; Oliver Edwards; Toby Grimstone; Nick Syson; Edward Aldred; Chris Medley; Thomas Waller; James Martin; Ian Callaghan; Andrew Jennens; Pathik Gandhi; William Evans; Caroline Courtney; Daniel Peach; Shayan Hasan; Sam Mahboubian; Atish Shah; Angus Graham; Rohan Saha; Brad Pawlak

Les références

‘The team is very diverse and boasts excellent strength in depth.’

Strong leveraged finance knowledge.’ 

David Irvine’s leadership, coupled with the promotion of a number of new partners, has really revitalised the firm’s offering. It’s a pleasure to work with them – their advice is timely and commercially sound.’

Principaux clients

The Carlyle Group

Hg

DigitalBridge

KKR

Astorg

Brookfield

CVC

Hillhouse

PAI

IPI Partners

Barclays

Bank of America

Citibank, N.A.

Deutsche Bank

Credit Agricole

HSBC Bank Plc

J.P. Morgan

MUFG Bank, Ltd.

Nomura

Principaux dossiers

  • Advised Hillhouse on the €4.4bn financing of its acquisition of the Philips Domestic Appliances business from Royal Philips.
  • Advised HSBC and Royal Bank of Canada as joint underwriters, arrangers and bookrunners on a £5.75bn financing to a group of investors led by Fortress on its £6.3bn bid to acquire Wm Morrison Supermarkets Plc.  
  • Advised GBL and Webhelp, in relation to financing matters and the acquisition of OneLink.

Simpson Thacher & Bartlett LLP

The 'very impressive' debtor-side practice at Simpson Thacher & Bartlett LLP is the welcome beneficiary of a slew of instructions from its 'amazing sponsor client base' that includes some of the biggest hitters in the market, including Apax, Blackstone, Cinven and KKR. Ian Barratt has a 'market-leading' practice and heads up a team that is adept at advising on English and US law-based debt products throughout the capital structure, enabling clients to receive the most appropriate structuring on some of the biggest multi-jurisdictional leveraged financings around. The 'superb'  Sinead O’Shea can advise on both English and New York law-governed products by dint of her dual qualification and takes the lead on many of the team's highest-profile pure leveraged finance mandates, as well as those at the intersection with infrastructure financing. Shahpur Kabraji is well-versed at advising on bank/bond financings and direct lending mandates for sponsor clients and their portfolio companies; he recently advised on the financing to facilitate a major take-private transaction in the telecoms sector.

Responsables de la pratique:

Ian Barratt

Autres avocats clés:

Sinead O’Shea; Shahpur Kabraji

Les références

‘The team has a very impressive practice.

They act for an amazing sponsor client base.’

Ian Barratt has a market-leading practice.’

Principaux clients

Apax Partners

Aston Martin

Bank of America Merrill Lynch

The Blackstone Group

Blackstone Real Estate Partners

Bruin Sports Capital

Cinven

Cirsa Gaming

Goldman Sachs Merchant Banking Division

H.I.G. Capital

Intertrust

J.P. Morgan

KKR

Limerston Capital

MasMovil

Melrose Industries PLC

Silver Lake Partners

TDR Capital

Trainline

Principaux dossiers

  • Advised Apax Partners together with Warburg Pincus, in their acquisition financing relating to the €5.1bn acquisition of T-Mobile Netherlands Holding B.V. from Deutsche Telekom AG and Tele2 AB.  
  • Representation of BlackRock in connection with their announced lease-and-leaseback deal for Saudi Aramco’s gas pipeline network with Saudi Aramco for approximately $15.5bn.
  • Representation of CSL Limited in its $11.7bn acquisition of Vifor Pharma.

Weil, Gotshal & Manges (London) LLP

The lean team at Weil, Gotshal & Manges (London) LLP has an excellent perspective of the commercial and legal needs of both creditors and debtors, enabling it to provide a very fluid service which can quickly adapt to different financial structures, whether that be a bank or bond deal incorporating US technology, unitranche structures or European TLBs governed by English law. Tom Richards maintains very deep-rooted relationships with numerous notable sponsor clients, including Advent, whose interests he vigorously protects on their leveraged finance transactions. Chris McLaughlin also has excellent ties with fund clients, as borrowers, as well as in the private credit space as lenders. Lender-focused partner Reena Gogna also regularly advises private credit funds on leveraged deals, as well as her core work for traditional commercial/investment banks. Alastair McVeigh was promoted to partner at the beginning of 2021 in recognition of his private credit-related work and is a key member of a team that also includes Paul Hibbert, who has been instrumental in developing the infrastructure finance practice at the firm.

Responsables de la pratique:

Chris McLaughlin; Tom Richards; Reena Gogna

Autres avocats clés:

Paul Hibbert; Tom Richards; Paul Stewart; Alastair McVeigh

Principaux clients

Bank of America Merrill Lynch

Morgan Stanley

Blackrock

Ares

Goldman Sachs

ING

KKR

OMERS

PSPIB

Credit Suisse

Advent

Bain

Permira

Alvarez & Marsal Capital Europe

Ardian

CVC

Ontario Teachers Pension Plan

Montagu

HLD

Stirling Square

Principaux dossiers

  • Advised Bain Capital on the financing to facilitate its acquisition of Valeo Foods from CapVest.
  • Acted for Goldman Sachs Asset Management and Ares Management Corporation in respect of the preference share issuance as part of the financing for the public to private takeover of Morrisons by CD&R.
  • Advised joint global coordinators and joint bookrunners on a €4.5bn transaction, which included senior secured notes, two tranches of senior notes, a new TLB and a separate consent solicitation for Verisure’s existing notes.

Milbank

Led by Suhrud Mehta, the ‘friendly and helpful’ team at Milbank has ‘great market knowledge’, developed as a result of many years’ experience advising a lender-focused client base across a range of  complex multi-jurisdictional acquisition finance mandates, frequently incorporating sophisticated intercreditor relationships. In this context, one of the team’s core strengths is its ability to advise on both European and US law governed loans and high yield bonds, a corollary of which is also its effectiveness at structuring deals in light of the continued convergence of covenant structures on both sides of the Atlantic. Alexandra Grant provides ‘excellent advice’ to many of the firm’s highest-profile investment bank clients as underwriters on large cap cross-border mandates. Other recommended practitioners include Sarbajeet Nag and Miko Bradford, both of whom provide expert guidance to the firm’s core banking clients, as well as to private equity sponsors on pan-European and transatlantic leveraged finance transactions.

Responsables de la pratique:

Suhrud Mehta

Autres avocats clés:

Alexandra Grant; Sarbajeet Nag; Miko Bradford; Timothy Peterson; Laura Bonamis

Les références

‘The firm is fantastic at keeping in touch both on and off deals. They provide additional support and training and are always available to answer ad-hoc questions.’

‘They have great market knowledge and provide excellent advice on current positions and experience with our counterparts. The people are friendly, helpful and set and achieve quick deadlines to make the deals smoother.’

‘Miko Bradford and Alexandra Grant provide excellent advice – they are supportive and helpful to all members of our team, they are collegiate and will quickly find the right person to answer questions’

Principaux clients

Goldman Sachs

Bank of America

Barclays

UBS

BNP Paribas

Citigroup

Credit Suisse

RBC / NatWest

Jefferies

SoftBank

Park Square

KKR Credit

Carlyle Credit

HPS

CVC Credit

Principaux dossiers

  • Advised the underwriting banks in relation to the financing for Brookfield’s acquisition of Modulaire Group for approximately $5bn.
  • Advised the lenders in connection with a c.$2.07bn cross-border Euro and US Dollar Loan and Bond financing comprising a €375m senior term loan facility, an $850m senior term loan facility and a €200m cross-border ABL facility and €430m of high yield notes.
  • Advising the mandated lead arrangers in relation to the £1.2bn  senior secured term loan B and senior secured revolving credit facility financing for Carlyle’s acquisition of Altadia Group, the largest global manufacturer of intermediate products for ceramic tile production, from LoneStar.

Paul Hastings LLP

Paul Hastings LLP  built on the existing success of its London acquisition finance practice with the bold recruitment in summer 2022 of a highly-rated four-strong lender focused team from  Latham & Watkins that includes its ‘responsive and client-focused’ former team head Mohamed Nurmohamed  and Ross Anderson.   Nurmohamed now co-chairs the firm’s global finance practice with  the ‘superb’ Luke McDougall .  The ‘very well coordinated’ team, which also includes  Peter Schwartz   , is continuing to gain market share among lenders, which appreciate its ability to work across the capital structure, including on integrated UK/US bank and bond mandates. McDougall excels in advising banks on large cap mandates, including a recent spate of public to private transactions, which require sophisticated financing arrangements. Other key names include Richard Kitchen  , who has strong credibility among funds, including private equity sponsors seeking finance, as well as credit funds, and the ‘excellentMei Lian .

Responsables de la pratique:

Luke McDougall; Mohamed Nurmohamed

Autres avocats clés:

Peter Hayes; Richard Kitchen; Mei Lian; Peter Schwartz; Ross Anderson; Karan Chopra; Rob Davidson;  Adrian Chiodo; Amin Doulai; Alon Blitz

Les références

The team is unique in that it is very well coordinated and extremely efficient and responsive, with great collaboration and communication skills.’

It is a well balanced creditor and borrower side practice working across the capital structure.’

The excellent Mei Lian is responsive, extremely diligent and capable. As a lead partner, she is distinguished by her hands-on approach and her willingness to help clients  understand the issues. She is also a very nice person, and a pleasure to work with.’

Principaux clients

Goldman Sachs

Bank of America Merrill Lynch

Morgan Stanley

Boparan Group

Abry Partners

Investcorp

Oakley

KKR

JP Morgan

BNP Paribas

Lloyds Bank

Principaux dossiers

  • Represented the mandated lead arrangers on the $1.5bn loan and bond facilities provided to Nordic Capital in connection with its public-to-private bid for Advanz Pharma.
  • Advised multiple banks and funds in relation to debt facilities provided for US-based aerospace and defence supplier Cobham’s public-to-private bid to acquire UK competitor, Ultra Electronics, for £2.57bn.
  • Advised multiple banks and funds in relation to debt facilities provided for Advent’s bid to acquire Caldic, global provider of value-added life sciences and specialty chemicals solutions, and the simultaneous combination with Advent portfolio company Grupo Transmerquim.

Shearman & Sterling LLP

‘Able to leverage strong commercial awareness in combination with legal skills to deliver truly innovative solutions’, Shearman & Sterling LLP‘s lender-focused practice is adept at structuring M&A mandates utilising debt throughout the capital structure. Although the team maintains strong ties with commercial and investment banks and is often engaged in large-cap mandates using an integrated bank and bond approach, in recent years it has made more strides in the private credit space, primarily as a result of some astute recent hires. Both team head Sanjeev Dhuna and Rahul Chatterji, who joined in the summer of 2021 from Allen & Overy LLP and Milbank, respectively, have made a significant impact in the space as a result of their connections with numerous funds and prowess at structuring cross-border direct lending transactions from unitranche up to more complex PIK, first and second lien structures. The arrival in June 2022 of Shameer Shah from White & Case LLP further strengthens the firm’s leveraged finance capabilities, in light of his direct lending expertise. Philip Stopford and Korey Fevzi left for Cravath, Swaine & Moore LLP in March 2023.

Responsables de la pratique:

Sanjeev Dhuna

Autres avocats clés:

Rahul Chatterji; Gary Hamp; Rahul Chatterji; Chantelle Dovey; Shameer Shah; Jackson Lam; Ben Burton; Lauren Winter; Tim Waterson; Andrew Cook; Woo Suk Hong; Camilla Hunter; Anna Shelton

Les références

‘Show genuine empathy to their customers. Even when our requests are very demanding and super urgent, they always show their understanding and their desire to correspond to their customer needs.’

Strong client service, excellent commitment and delivery, highly professional, commercial approach.’

They are able to leverage their strong commercial awareness in combination with legal skills to deliver truly innovative solutions.’

Principaux clients

Morgan Stanley Europe

Credit Suisse

Bank of America

BNP Paribas

CVC Credit

Credit Agricole and Investment Bank

Goldman Sachs International Bank

Deutsche Bank AG

Royal Bank of Canada

Aztiq

Investcorp Europe

The Saudi Arabian Industrial Investments Company (Dussur)

Principaux dossiers

  • Represented the mandated lead arrangers in connection with debt financing in support of the acquisition by funds advised by Apax Partners and Warburg Pincus LLC of T-Mobile Netherlands which has an enterprise value of €5.1bn.  
  • Advised lenders in connection with the senior financing in support of the acquisition of Rodenstock Group by funds advised by Apax.
  • Advised lenders in connection with the senior financing in support of the acquisition of the KPMG UK restructuring business by HIG Capital.

White & Case LLP

‘Well-staffed and incredibly hard working’, White & Case LLP handles a tremendous range and volume of acquisition finance mandates for banks, credit funds, corporates and financial sponsors. The firm’s integrated bank loan and high yield capabilities are a strong selling point, particularly on large-cap leveraged finance transactions, as is its familiarity with the full range of financing techniques and its ability to work in tandem with New York and European colleagues. As well as the firm’s ongoing work for longstanding investment/commercial bank clients including Deutsche Bank, under the guidance of the ‘superb’ Gareth Eagles , it has gained a  strong foothold in the flourishing direct lending market for well-resourced funds including CVC Credit and Bridgepoint Credit. Head of EMEA bank lending, Jeremy Duffy , has vast experience advising lenders on mandates and is appreciated for his ‘extremely hard working and commercial’ approach. Martin Forbes  takes the lead on much of the most significant borrower-side work, primarily on behalf of private equity sponsors. The arrival in May 2022 of dual English and French-law qualified partner Monica Barton from Winston & Strawn LLP adds further ballast to the team, particularly in light of her private credit experience and her expertise advising on deals with a French nexus.

Responsables de la pratique:

Colin Harley (EMEA Head of Banking); Jeremy Duffy (EMEA Head of Bank Lending); Gareth Eagles (Global Head of Direct Lending); Martin Forbes (EMEA Head of Borrower Finance)

Autres avocats clés:

Chris Czarnocki; Monica Barton; Emma Foster; Fergus Wheeler; Richard Lloyd; Shane McDonald; Nicola Chapman; James Hardy; Man Hay Yip; Catherine West; Oliver Trotman

Les références

‘An exceptional team, well staffed and incredibly hard working.’

‘Great problem solvers.’

The terrific Jeremy Duffy is extremely hard working and commercial.’

Principaux clients

Apollo Global Management

Afreximbank

ASK Chemicals Group

Ali Group

Bridgepoint Credit

Credit Suisse

CVC Credit

Deutsche Bank

DNB Bank ASA

Goldman Sachs

Jefferies

JP Morgan

Nordea Bank

Puma Energy International

Royal Bank of Canada

Santander

SEB

Societe Generale

Sumitomo Mitsui Banking Corporation

Natixis

UBS

N+P Beheer B.V.

Ocorian Limited

Triton Investment Management Limited

The Carlyle Group

Inflexion Private Equity Partners

CVC Capital Partners

Puma Energy

Oaktree Capital Management

Principaux dossiers

  • Advised the mandated lead arrangers including Deutsche Bank, Goldman Sachs, Natixis, UBS and JP Morgan in connection with the loan and bond financing for the acquisition by EQT and PSP Investments of Cerba HealthCare and the subsequent acquisition of Lifebrain by Cerba HealthCare. The financing included €1.875bn term loan B facilities, €720m senior secured notes, €525m senior unsecured notes and €400m revolving credit facilities.
  • Advised foodservice equipment company Ali Group in connection with its $4.8bn acquisition of Welbilt, Inc, a US public company.
  • Advised Triton Investment Management Limited on the financing aspects of its £1.2bn recommended takeover offer for Clinigen Group plc.

Ashurst

Blending technical knowledge with commercial acumen‘, Ashurst is a popular choice among lenders engaged in deals within the mid to upper-mid market. Although the firm maintains strong ties with traditional banking clients, a good volume of this deal flow has come from credit funds, a segment of the market with which the team has achieved great success. Key to this successful realignment has been the work of Helen Burton and the ‘extremely pragmatic and focused’ Ross Ollerhead, who have both been very active in the direct lending market across a range of products, including unitranche facilities. Noted for his multi-strategy approach, which includes work in the special situations market, Doug Murning is also a popular choice among fund clients, both as lenders and borrowers. Senior partner Nigel Ward handles conventional leveraged transactions, as well as infrastructure-related acquisition finance matters.

Responsables de la pratique:

Mark Edwards

Autres avocats clés:

Doug Murning; Helen Burton; Nigel Ward; Martyn Rogers; Ross Ollerhead; Laura Ho; Tamsin Crawford

Les références

‘A fantastic team – blending technical knowledge with commercial acumen.’

‘They understand what is important and always have a clear view on the market. A highly impressive outfit!’ 

Ross Ollerhead is excellent. You always feel like you have his full attention when he is working on a transaction. He is always on top of the detail across the documentation and really understands the market.’

Principaux clients

Apollo

Arcmont Asset Management

AVEVA Group plc

Bain Capital Credit

BlackRock

Crescent Capital Group

Davidson Kempner

HayFin

HSBC

HPS Partners

ICG

JP Morgan

Pemberton

Permira Debt Managers

RBS

RPC

Symphony Technology Group

Dechert LLP

Mirroring the firm's broader asset management credentials, Dechert LLP's primary focus within the leveraged finance market is advising funds clients, both in their capacity as lenders and as borrowers on deals in the mid to upper-mid-market. The firm's recent growth on the restructuring side also enables the team to provide expertise across the transactional life cycle, including in a distressed scenario. Indeed, a number of the more recent credit fund relationships have been brought over by new hires within the restructuring team, including KKR Credit. Philip Butler  and David Miles  co-head the firm's global leveraged finance practice and take the lead on many of the most significant lender-side mandates, including Miles' recent work for core client Ares Management on the financing to facilitate Palamon Capital Partners' acquisition of IDH Group from the Carlyle Group. John Markland  is also a key member of the team by dint of his sponsor-focused borrowing practice.

Responsables de la pratique:

Philip Butler; David Miles

Autres avocats clés:

John Markland; Smridhi Gulati; Sarah Moffat; Bishoy Eskander

Les références

‘A great team that is at the forefront of innovation.’

 

Principaux clients

Alcentra

Apollo Asset Management

ArchiMed

Ares Management Limited

Bank of China

Baring Asset Management

BlackRock

Blackstone Credit

Cerberus

Crown Holdings

CVC Credit Partners

Endless

Further Global Capital Management

Kartesia

KKR Credit

Metric Capital

MidEuropa

One Equity Partners

Permira Credit

Rockaway

Tikehau Capital

Principaux dossiers

  • Advised Ares Management Limited on several significant matters including its provision of £1bn sustainability-linked financing to the RSK Group.
  • Advised Crown Holdings on the financing related to the €2.25bn sale of its European tinplate business to an affiliate of KPS Capital Partners.
  • Advised funds managed and advised by Permira Credit in relation to the senior secured financing package that Permira Credit funds have provided to Macquarie Capital Principal Finance, Pollen Street Capital and senior management to support their acquisition of Aryza.

Hogan Lovells International LLP

Led by Paul Mullen , the 'deal-oriented' five-partner team at Hogan Lovells International LLP has established itself as a mainstay of the private credit market, which is increasingly dominating the mid to upper-mid European leveraged finance space. Its effectiveness at securing a stronghold on behalf of many prominent funds, including Ares, has been secured by achieving an early advantage and a subsequent flow of deal volume and knowledge of what is market in the direct lending space. Jo Robinson  has been central to the firm's penetration of the market, not only helping to develop the unitranche product but also acting for new funds including Ashgrove Capital. The firm's traditional banking relationships also remain intact, enabling it to be well-placed to advise on an albeit smaller number of bank-led deals, as well as to handle their involvement (for example on the provision of working capital) alongside private credit funds on funding within the mid-market. UK managing partner Penny Angell  handles some conventional bank and fund-led leveraged finance work, as well as having a niche advising borrowers and lenders in relation to insurance company financings.

Responsables de la pratique:

Paul Mullen

Autres avocats clés:

Matthew Cottis; Penny Angell; Jo Robinson; Francis Booth

Les références

The team is deal-oriented.’

Principaux clients

HSBC

Ares Management

Ardian

Insight Investment

Macquarie

Intermediate Capital Group

Five Arrows

Tikehau Investment Managers

Park Square

Pemberton Asset Management

Ashgrove Capital Management

Principaux dossiers

  • Advising Ares Management and HSBC as lenders on the refinancing of the Content+Cloud group and the bolt-on acquisition of Sipcom.
  • Advising Tikehau Investment Management on the unitranche financing to support IK Partners’ acquisition of DA Languages (DAL), a UK-based language services provider, from Foresight Group.
  • Advising Macquarie on the refinancing of the Centric Health group.

Macfarlanes LLP

Advising a balanced mix of credit funds and private equity sponsors, the 'highly commercial, pragmatic and solutions-focused' team at Macfarlanes LLP has an excellent perspective on the legal and commercial requirements of borrowers and lenders within the upper/mid-market leveraged finance space. Kirstie Hutchinson  has 'deep experience of mid-market acquisition financing' for the firm's loyal roster of financial sponsor clients, which are appreciative of her 'excellent technical knowledge' and conversance with complex, cross-border mandates. Able 'to bring clarity and precision to a complicated deal structure', Malcolm Hitching advises private equity clients on leveraged finance mandates, as well as advising  private credit funders in the litigation finance market. The 'responsive and commercial' Andrew Perkins  heads up the overarching banking and finance team and is able to draw on 'a wealth of acquisition finance experience', particularly in relation to lender-side credit fund work.

Responsables de la pratique:

Andrew Perkins

Autres avocats clés:

Kirstie Hutchinson; Malcolm Hitching; Adam Caines

Les références

The team produces consistently high quality work within very short time frames. Their experience and knowledge within the sector is first class.’

The Macfarlanes team have demonstrable expertise in complex, cross-border acquisition financings. They are very responsive, provide concise and commercial advice and consistently deliver to expectations; they are a very reliable and highly skilled set of lawyers.’

‘Highly commercial, pragmatic and solutions focused.’

Principaux clients

Binder Beteiligungs

KPS Capital Partners

Siris Capital

Epiris Fund II / Epiris LLP

Epiris Managers LLP

nGAGE Specialist Recruitment

August Equity LLP

H2 Equity Partner

Principaux dossiers

  • Advised Binder Beteiligungs on the multi instrument debt structures to facilitate its acquisition of the BSW Group, the UK’s largest integrated forestry and saw milling business.  
  • Advised KPS Capital Partners, on English law aspects of the financing of its €2.25bn acquisition of the European tinplate business of New York-listed Crown Holdings Inc.
  • Advised Siris Capital on its $805m and £200m First Lien Credit Agreement and $350m Senior Secured Notes issuance, entered into to finance the takeovers of Equiniti Group plc, a UK listed company, and AST, a US group.

Proskauer Rose LLP

Proskauer Rose LLP is recognised as a ‘go to team’ on the creditor side for mid to upper-mid market direct lending deals, where its longstanding expertise in the space ensures that it has strong ties with many of the most active funds (including Alcentra, Barings and Apollo). This level of market intel (which is also reflected in a well-received proprietary database tracking deal terms) also ensures that the team is at the vanguard of market developments, including on ESG pricing ratchets and recurring revenue loans, which are both gaining traction in the market. The ‘very experienced’ Alexander Griffith has ‘seen it all’ and is noted for his aptitude at advising on innovative, first-in-kind transactions involving private sources of capital. The ‘outstanding’ Faisal Ramzan and Ben Davis, who ‘understands the commercial ins and outs of a transaction’, also have vast experience, while more junior partner Daniel Hendon continues to impress through his knowledge across a myriad of finance products.

Responsables de la pratique:

Ben Davis; Alexander Griffith; Faisal Ramzan

Autres avocats clés:

Daniel Hendon; Harriet West

Les références

Really strong and well regarded team. Innovative for data across the UK mid- market.’

The team has a strong knowledge of the market, is personable and easy to work with.’

‘It is a large team of partners, with in my view the best experience of the direct lending market having worked with all the market players on the lender side.’ 

Principaux clients

Alcentra

Apera Asset Management

Apollo

Arcmont Asset Management Limited

Ardian

Ares Management

Ashgrove Capital

Bain Capital Credit

Barings

BlackRock

BlackStone Credit

Bridgepoint Credit

CDPQ

Cheyne

CORDET Capital

Crescent

GIC

Golub Capital

Goldman Sachs International

HPS (Highbridge)

ICG

Investec Bank

Kartesia Management

KKR Credit

LGT

M&G Investments

Muzinich & Co

Pemberton

Phoenix Investments

Sixth Street Partners

Tikehau Investment Management

Principaux dossiers

  • Advised Ares Management on the circa £550m upsizing of the existing financing to the Ardonagh Group.
  • Represented ICG on their provision of €960m to support Charterhouse’s (via its portfolio company (Serb)) acquisition of the BTG Specialty Pharmaceuticals business.
  • Represented GIC and Blackstone Credit in their provision of second lien financing to support Clayton, Dubilier & Rice’s £2.8bn take-private of UDG Healthcare PLC and combination with Huntsworth.

Ropes & Gray LLP

Well-versed across US and European financings, including in the context of high yield, leveraged loans and private credit, the 'experienced and solutions-driven' team at Ropes & Gray LLP is a popular choice among borrowers and lenders on their cross-border acquisition finance work. As well as its consistent stream of work (including on the acquisition finance front) for Liberty Global and Altice, two of the biggest issuers of bonds and loans in the European market, the team, which is headed by Michael Kazakevich also receives a significant flow of work for financial sponsors, an area of the practice which is likely to grow in light of the recent recruitment of a three-partner private equity M&A team from Fried, Frank, Harris, Shriver & Jacobson LLP. The 'technically excellent and commercially astute' Alex Robb  is adept at advising borrowers on their acquisition finance activity and is well-versed across a broad array of debt products, from unitranche loans to European term loan B large-cap loans.

Responsables de la pratique:

Michael Kazakevich

Autres avocats clés:

Alex Robb; Alexandru Mocanu; Ana Biloglav

Les références

Brilliant minds, responsive and professional, experienced and solutions-driven.’

If you are an underwriting bank, you want Ropes & Gray on your side due to its willingness to have a sensible conversation on what is important and what does not matter in a deal.’

Alex Robb is very well regarded in all aspects of acquisition finance.’

Principaux clients

Virgin Media O2

Liberty Global

New Altice Europe B.V. (formerly Altice Europe N.V.)

Baring PE Asia

Bain Capital Credit

Vision Healthcare Group (Avista Capital Partners)

GHO Capital Partners

Permira Credit

Skandinaviska Enskilda Banken (SEB)

Bridgepoint

Principaux dossiers

  • Advised on the financing arrangements for the £31.4bn joint venture combination of O2 and Virgin Media by Liberty Global and Telefonica.
  • Advised Next Alt S.à r.l, an entity controlled by Patrick Drahi, the founder and majority shareholder of Altice Europe, now New Altice Europe B.V., on the financing aspects of its take-private of Altice Europe.
  • Advised Liberty Global in connection with the financing for its $7.7bn public to private acquisition of Sunrise Communications Group, and subsequent ‘flip up’ of debt.

Addleshaw Goddard

Under the guidance of the ‘commercial’ and ‘hands-on’ Alex Dumphy, Addleshaw Goddard has developed a strong mid-market leveraged finance practice for financial sponsors and lenders. Although the firm maintains strong clearing bank relationships, it has successfully pivoted towards the alternative lending/credit fund space, which is of particular importance within the mid-market. The arrival in July 2021 of Ewen Scott from Jones Day further strengthens the leveraged finance capabilities in light of his balanced lender and borrower offering.

Responsables de la pratique:

Alex Dumphy

Autres avocats clés:

Peter Crichton; Ewen Scott; Cerys Poolis

Les références

‘Excellent and well rated partners. Hands on and lots of partner engagement.’

Alex Dumphy is excellent, commercial, hands on and great to work with. He is always on top of key issues and good at negotiating points.’

Principaux clients

Arcmont

CVC

Cordet Capital

Alcentra

Inflexion Private Equity Partners

ECI Capital Partners

Dunport Capital

Telemos Capital

Barings Advisors

ECI

JP Morgan

Bridges Fund Management Limited

Shawbrook Bank Limited

Investec

Principaux dossiers

  • Acting for JP Morgan to support the public offer made by Triley Bidco Limited (owned by sponsor Triton Investment Management Limited) to acquire all the shares of AIM-listed global pharmaceutical services and products company Clinigen Group plc.
  • Acting for Dunport Capital and Shawbrook Bank Limited on the provision of acquisition financing to support the buyout of Trinity Homecare Holdings Limited by Limerston Capital Partners.
  • Acting for a club of debt fund lenders on a £165m financing to Currencies Direct (a business owned by Corsair and Palamon Partners).

Baker McKenzie

With significant finance resources in London and also able to tap into experts throughout the firm's extensive international network, Baker McKenzie is able to provide a one-stop-shop service to lenders and borrowers engaged in cross-border leveraged financings, including on emerging markets mandates. Matthew Cox  has developed strong traction with mid-market focused private equity sponsors and has consequently gained excellent knowledge of private credit-sourced financings. Nick O’Grady is also well-versed in sponsor-side leveraged finance matters, including in the context of utilising innovative financing technologies such as convertible loan structures. The arrival in May 2021 of Ben Wilkinson from White & Case LLP enhances the creditor-side offering, although this was tempered by the subsequent departure of private credit expert Matthew Smith  to Cadwalader, Wickersham & Taft LLP in April 2022.

Responsables de la pratique:

Nick Tostivin; Matthew Cox

Autres avocats clés:

Ben Wilkinson; Nick O’Grady

Principaux clients

Charlesbank Capital Partners

Bridgepoint Credit

Mizuho Bank Europe NV

BNP Paribas SA

Landesbank Baden-Württemberg

DBS Bank

Firmenich International

Ares Management Limited

Platinum Equity

Rhône Capital

CVC Credit Partners

Barings Private Debt and Ardian Private Debt

Muzinich & Co Limited

Morgan Stanley & Co. International Plc

MARK (formerly known as Meyer Bergman)

Bain Capital

H.I.G. Capital

Novator Capital

KKR

MagicLab (a portco of Blackstone)

MiddleGround Capital

Hellman & Friedman

SB Northstar

Principaux dossiers

  • Acting for senior lender Bridgepoint Credit in connection with the unitranche financing of Fremman Capital’s acquisition of VPS, a Netherlands-based marine fuel testing provider.
  • Advised FSN Capital Partners in connection with the €650m TLB debt financing of the acquisition by FSN of OptiGroup in Sweden and Hygas in the Netherlands.

Cahill Gordon & Reindel LLP

Despite still being in its relative infancy, Cahill Gordon & Reindel LLP's leveraged loan finance offering has hit the ground running since the marquee recruitment of Jonathan Brownson from Allen & Overy LLP  in September 2020, immediately gaining traction in the market as a result of the firm's ability to provide 'a very credible one-stop-shop' service to lenders on both the loan and high yield piece of large-cap mandates. Recognised as 'one of the best acquisition financing partners in the market', Brownson has been able to leverage his existing strong banking ties  and has also been embraced by his new firm's blue riband array of US investment banks. The arrival in April 2021 of Joydeep Choudhuri, also from Allen & Overy LLP, provides further bandwidth on the lender front, in light of his strong private credit ties.

Responsables de la pratique:

Jonathan Brownson

Autres avocats clés:

Joydeep Choudhuri; Prue Criddle; Warren Newton; Anthony Tama

Les références

Building a good size bench on financing/banking with reputable lawyers across the City. Good cross-border capabilities, consistent quality output building up a good profile in London after investing in the new team that has translated into mandates on high-profile deals.’

A knowledgeable, results-oriented, credible, co-operative and accessible team.’

‘The lawyers in the team are all very knowledgeable, reasonable and commercial and provide a great customer service.’

Principaux clients

JPMorgan

Citigroup

BNP Paribas

Citizen’s Bank, N.A

Petroleum Geo-Services AS

Deutsche Bank

Credit Suisse

HSBC

Jefferies

Carlyle Credit

Bridgepoint Credit

Park Square Capital

AlbaCore Capital

Sona Asset Management

Bank Santander

National Westminster Bank

KKR Capital Markets

IHS Holding Limited

Nordea

SEB

Partners Group

Danske Bank

Principaux dossiers

  • Represented the lead arrangers in connection with the credit facilities provided to support the public to private acquisition by Caesar’s Entertainment of William Hill Plc.
  • Represented the lead arrangers in connection with the £2.3bn financing to support the acquisition by 888 Holdings plc of the international (non-US) business of William Hill.
  • Represented the lead arrangers in connection with the €2.45bn credit facilities to support the acquisition by Platinum Equity of Urbaser S.A.U., a global environmental services provider headquartered in Spain.

Debevoise & Plimpton LLP

Drawing on 'exceptional market knowledge and technical and commercial acumen', Debevoise & Plimpton LLP's team expertly protects the interests of its borrower-focused client base on the financing of its M&A activity. Alan Davies  has a strong reputation and recently advised core sponsor client, Clayton, Dubilier & Rice, on the financing to facilitate its high-profile take private of UK supermarket chain, Morrisons. The 'user-friendly and solutions-focused' Pierre Maugüé  has 'deep knowledge across a range of financing techniques' - including asset backed, fund finance and US-law governed products - ensuring that he is a popular choice on both conventional and more esoteric leveraged financings.

Responsables de la pratique:

Alan Davies; Pierre Maugüé; Thomas Smith

Les références

Exceptional market knowledge and technical and commercial acumen.’

The firm has a first-class acquisition financing team which goes out of its way to help clients achieve their objectives efficiently whilst protecting their interests.’

‘Thomas Smith and Pierre Maugüé are exceptional – really on top of their game, able to push for innovative structuring and obtain exceptional terms for clients in negotiations’

Principaux clients

Clayton, Dubilier & Rice

Warner Music Group

EQT Partners

Baring Private Equity Asia

Motor Fuel Group

International Paper Company

Mobilux Finance and Mobilux Acquisition

Charles Taylor Limited / Lovell Minnick Partners LLC

Bridgepoint Credit

17Capital

Glendower Capital

EQT Exeter

Park Square Capital Partners

Coller Capital

Deutsche Bank AG

Barnes & Noble Inc.

Smartly.io Solutions

Resolution Life

Global Atlantic Financial Group

Brookfield Asset Management

Principaux dossiers

  • Acted as sponsor counsel to CD&R on the take private of Morrisons, the supermarket chain in the UK.
  • Advised Warner Music Group Acquisition Corp. on the refinancing of its Term Loan Credit Agreement, amending its Revolving Credit Agreement, and the issuance of senior secured notes.
  • Advised EQT in a €260m subscription line facility with a syndicate of four banks. The facility will eventually incorporate innovative ESG mechanics.

Mayer Brown International LLP

Strengthened by some strategic hires, including that of ‘outstanding’ direct lending expert Andy Kolacki from DLA Piper in October 2021, Mayer Brown International LLP continues to gain traction in the mid-market private capital leveraged finance arena, both for those seeking financing and entities providing it. Team head Stuart Brinkworth has vast experience across the gamut of debt finance products, which he implements to good effect for both direct lenders and financial sponsors. Although the firm is less active for traditional bank clients, it does pick up some work for international investment banks, particularly on acquisition finance deals where the ABL product forms a part of the overall debt package.

Responsables de la pratique:

Stuart Brinkworth

Autres avocats clés:

Andrew Crotty; Andy Kolacki

Les références

Andy Kolacki is an outstanding leader within their debt practice and someone whom we trust on our regular mid-market financings. He has very good availability as a partner and great knowledge.’

Principaux clients

Francisco Partners

Permira

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

The small but nimble two-partner banking team at Skadden, Arps, Slate, Meagher & Flom (UK) LLP adds value to corporate clients and a growing roster of financial sponsors (grown in part by some recent strategic hires on the M&A front) by dint of its deep knowledge across a wide array of UK and US law governed debt finance products. Pete Coulton provides 'responsive and commercial' advice to corporates and private equity funds, including in the context of large-cap cov-lite TLB transactions and unitranche mandates. Coulton co-heads the team alongside Clive Wells, who handles some investment grade acquisition financing mandates as part of his wide-ranging finance practice.

Responsables de la pratique:

Clive Wells; Pete Coulton

Autres avocats clés:

Rui Qi; Zoe Cooper Sutton

Les références

Exceptional subject matter expertise and client focus.’

Pete Coulton and Zoe Cooper-Sutton are excellent lawyers, as well as being very responsive and commercial.’

Principaux clients

Acrisure LLC

Adevinta ASA

Alfidea B.V.

Arrow Global Limited

Ashtead Group plc

Bending Spoons S.p.A.

BillerudKorsnäs AB

Blackrock Financial Management, Inc.

Castik Capital S.A.R.L.

Central Group

CTH Invest S.A. (Ferrero family office)

DH Private Equity Partners LLP

eToro Group Limited

Fabbrica Italiana Lapis ed Affini S.p.A.

Farview Equity Partners

Fortiana Holdings Limited

Fortress Investment Group

Gazit-Globe Group

H.I.G. Capital, LLC

Hg Capital LLP

Iceland Foods Ltd

IPI Partners

JAB Holdings B.V.

Janus Henderson Group plc

JDE Peet’s N.V

Joyson Safety Systems

Kone Corporation

Markel Corporation

MJ Gleeson plc

NCR Corporation

Nokia Corporation

Odyssey Investment Partners

Outokumpu Oyj

Permira Advisers LLC

Royal Caribbean Group

Sampo plc

SCP Group Holdings

SIGNA Holding GmbH

Silver Lake Partners

The Central Group

UCB SA

WABCO Holdings Inc.

Waypoint GP Limited

Wise plc

Wrigley Company

Principaux dossiers

  • Advising a consortium comprising Central Group and SIGNA Holding GmbH on the financing of their c £4bn acquisition of Selfridges & Co. Limited from the Weston Family.
  • Acted for Silver Lake Partners in connection with the financing of its acquisition of Grupo BC.
  • Advised H.I.G. Capital, LLC on the financing of its £325m acquisition of the plumbing and heating division of Travis Perkins plc.

Slaughter and May

Drawing on the expertise of 'best in class lawyers' throughout its generalist finance offering, Slaughter and May provides 'very knowledgeable' advice to borrowers (including many FTSE listed entities), utilising different finance  products, including TLB, unitranche and loan/high yield bonds, to fund their M&A activity. Philip Snell  heads a team that also includes 'top-notch banking and finance lawyers' Edward Fife and Robert Byk  , who plays a key role in the firm's high end public bid finance practice.

Responsables de la pratique:

Philip Snell; Matthew Tobin; Simon Hall

Autres avocats clés:

Robert Byk; Ed Fife; Guy O’Keefe; Caroline Phillips; Richard Jones; Azadeh Nassiri; Susan Hughes; Samay Shah; Claire Cooke; Charlie McGarel-Groves

Les références

A small but partner-led team with best in class lawyers from the most senior to most junior.’

The team is very knowledgeable, experienced and flexible.’

Ed Fife and Robert Byk are top-notch banking and finance lawyers with intimate knowledge of the salient risks and how to address them in a commercial manner.’

Principaux clients

Coats

DiaSorin

Ericsson

Intertek

Land Securities

Markerstudy

Novo Nordisk

Vitec

Principaux dossiers

  • Advised DiaSorin on the $1.6bn bank financing package for its acquisition of Luminex Corporation.
  • Advised Markerstudy (a Pollen Street portfolio company) on all aspects of Markerstudy’s acquisition of Lloyds broker Clegg Gifford and Markerstudy’s acquisition of BGL Insurance from the BGL Group (the parent company of the Compare the Market business).
  • Advised Novo Nordisk on the structure and implementation of the bridge financing for two of their acquisitions

Willkie Farr & Gallagher (UK) LLP

Often working alongside its well-established Paris and US offerings, the ‘commercial and hardworking’ team at Willkie Farr & Gallagher (UK) LLP is gaining increasing visibility in the London market and generating more standalone work. Financial sponsors provide most of the work flow and are impressed by the ‘creative and complex solutions’ the team is able to provide. Sebastian FitzGerald is ‘very pragmatic and technical’ and has been pivotal to the team’s growing success on sponsor-backed financings in the US and European financing markets. Ashley Young  co-heads the team alongside FitzGerald and, as well as his private equity work, also regularly advises credit funds on special situations matters.

Responsables de la pratique:

Sebastian FitzGerald; Ashley Young

Autres avocats clés:

Komal Raina; Timothy Sawyer; Daniel Gendron

Les références

A highly commercial and hardworking team with the ability to work out creative and complex solutions in challenging and time sensitive situations.’

Excellent interdisciplinary team work across the teams with strong focus on execution.’

‘The very pragmatic and technical Sebastian FitzGerald is accessible and responsive.’

Principaux clients

CVC Capital Partners

Searchlight Capital Partners

Insight Partners

PAI Partners

Levine Leichtman Capital Partners

Freshstream Investment Partners

Genstar / Apex

Blantyre Capital

Stanley Capital Partners

SGT Capital

Principaux dossiers

  • Advising longstanding client CVC Capital Partners, on its acquisition of a majority stake in Cooper Consumer Health (Cooper) from Charterhouse Capital Partners.
  • Advising Bain Capital Credit on all aspects of the financing for the acquisition of the bakery chain Gail’s.
  • Advised Searchlight Capital Partners on all aspects of the financing in connection with its investment in Celestyal Cruises.

Bryan Cave Leighton Paisner LLP

Led by Emma Howdle-FullerBryan Cave Leighton Paisner LLP provides ‘hugely commercial’ advice to a balanced array of banks, sponsors and corporates, both on domestic and cross-border acquisition finance mandates. The balanced nature of the client base is matched by the firm’s breadth of product expertise.

Responsables de la pratique:

Emma Howdle-Fuller

Autres avocats clés:

Derek Hrydziuszko; Kyle Johnson

Les références

‘The team is hugely commercial and focused on getting a deal done for the client. The lawyers have the ability to cover the full range of issues that may arise.’

Principaux clients

Bank of China

Barclays Bank PLC

Constellation Automotive Group

Factofrance

Flybe Limited

Gardner Denver Inc

GettTaxi

Hardinge Inc

HSBC Bank plc

Kape Technologies PLC

Kids2, Inc.

Knight Dragon

Long Harbour

Macquarie Capital

Malin + Goetz

Mount Street

MUFG Bank, Ltd

NatWest

Norddeutsche Landesbank

PCF Bank Limited

Playtech plc

Rabobank

Redde plc

Romulus

Sage Publications Inc

Scotiabank

ServerFarm Global Holdings Limited

Social and Sustainable Capital

TC Global Finance UK

Tesco

True Talent Inc

Uniqmind

Voneus

Wells Fargo Bank International Unlimited Company

Wireless Telecommunications Group, Inc.

Principaux dossiers

  • Advised Coöperatieve Rabobank on a $77.3m term facility provided by it to a global berry growing and supply business for the purposes of a business acquisition in the berry sector.  
  • Advised Agilitas as sponsor in relation to a €151.3m syndicated and secured debt financing arranged by Barings Asset Management Limited in respect of Agilitas’ acquisition of Prodieco Advanced Engineering Solutions.
  • Advised Kape Technologies plc, an AIM-traded digital privacy and security software business, on two major transformative transactions with facilities totalling in excess of $400m.

CMS

CMS provides 'commercial and pragmatic' advice to a balanced mix of lenders and borrowers on acquisition finance deals within the mid-market. As well as its strong product knowledge, which includes expertise on unitranche, mezzanine and syndicated term and revolving loans, the team also adds value by dint of its strong sectoral knowledge in key firmwide areas of focus, including TMT and healthcare. Patrick Donegan leads the corporate and leveraged finance practice that includes the 'very professional and personable' Tom Siggers, as well as technology finance specialist Charles Kerrigan.

Responsables de la pratique:

Patrick Donegan

Autres avocats clés:

Charles Kerrigan; Alex Patience; Mark Moseling; Anne Chitan; Tom Siggers; Tom Hughes; Kerry Langton

Les références

The team is pragmatic and commercial.’

The practice brings an innovative and highly commercial problem solving approach to all issues.’

Tom Siggers is very professional, personable, efficient and simply good at what he does.’

Principaux clients

INB Bank N.V.,

Citibank

Clydesdale Bank plc

Horizon Capital LLP

Queens Park Equity

Synova LLP

Bank of Ireland

Barclays Bank

BNP Paribas

Citibank

Citizens Bank

Bank Leumi

Limerston Capital

Principaux dossiers

  • Advised a syndicate of six key technology lenders (Bank of Ireland, Barclays, Citi, BNP Paribas, Citizens Bank and Bank Leumi) providing financing to Kape Technologies in relation to working capital and various acquisitions, including the acquisition of ExpressVPN and subsidiaries for $936m from Access Global.  
  • Advised INB Bank N.V., Citibank and the other mandated lead arrangers and original lenders providing the financing for CVC to facilitate its acquisition of Stock Spirits Group Plc.
  • Acted for Horizon Capital LLP on the financing to facilitate its acquisition of BP3 Global Incorporated, a Texas-based artificial intelligence company.

Davis Polk & Wardwell LLP

Although it is more compact than many of its peers, US-heavyweight Davis Polk & Wardwell LLP handles its fair share of large-cap cross-border deals, for lenders and borrowers, particularly on mandates which require coordinated English and New York law advice. Team head Nick Benham is well-versed in advising on deals involving debt products throughout the capital structure and also has niche expertise advising on the financing aspects of UK public takeovers.

Responsables de la pratique:

Nick Benham

Autres avocats clés:

Aaron Ferner

Principaux clients

Clarivate

Comcast

Credit Suisse

eDreams ODIGEO

Ford Motor Company

Golub Capital

Hayfin Capital Management

J.P. Morgan

SatixFy Communications

Temenos

Tencent

Made.com

SS&C Technologies

Principaux dossiers

    DLA Piper

    Although the firm’s lender side capability was impacted on the credit fund front, by the October 2021 departure of Andy Kolacki to Mayer Brown International LLP, DLA Piper maintains a strong borrower side offering for corporates as well as some private equity firms. As well as his work for corporates on their general financing needs, Mark Dwyer is also regularly instructed on their acquisition finance requirements and has considerable experience in financing UK public takeovers of listed companies. Toby Barker heads up the London leveraged finance offering and has a focus on real estate-related mandates in the space.

    Responsables de la pratique:

    Toby Barker

    Autres avocats clés:

    Mark Dwyer; Matt Christmas; Neil Campbell; Richard Normington; Mei Mei Wong; Mariel Luna

    Principaux clients

    Aviva Investors

    Biffa Plc

    Discovery Communications

    Hayfin Capital Management

    Heineken UK

    HICL Infrastructure Plc

    InfraRed Capital Partners Limited

    Keller Group Plc

    LivaNova Plc

    Mothercare Plc

    Neqsol Holdings Limited

    Preem AB

    Together Financial Services

    VEON Holdings BV

    Workspace Group plc

    Principaux dossiers

    • Advising on the financing aspects of DiaSorin’s $1.8bn acquisition of Luminex Corporation.
    • Acting for Preqin on the $180m unitranche financing provided by Barings and Arcmont Asset Management to support the acquisition of Colmore, a leading private markets technology, services, and administration business.
    • Advised HICL Infrastructure plc, the UK’s largest infrastructure investment company, in relation to the amendment and restatement of its existing fund finance arrangements up to £400m backed by investor capital with a syndicate of lenders.

    Goodwin

    Under the expert guidance of Simon Fulbrook, Goodwin's 'very pragmatic and commercial' three-partner leveraged finance team continues to gain momentum in the market on behalf of its growing sponsor client base. Unsurprisingly, given the firm's overarching sector expertise and venture capital credentials, a sizeable volume of financing work relates to tech-related M&A. Geoff O'Dea 'has excellent technical knowledge', particularly on behalf of funds clients in the distressed space.

    Responsables de la pratique:

    Simon Fulbrook

    Autres avocats clés:

    Hugh O’Sullivan; Geoff O’Dea; Richard Hughes; Thomas Plowman

    Les références

    The team is very pragmatic and commercial; it reaches the right outcome with very little fuss.’

    Driven, motivated, always keen to get to the right solution. The team provides clear and cogent communication.’

    Geoff O’Dea has excellent technical knowledge.’

    Principaux clients

    ECI Partners

    HoldCo SAS

    LDC

    Mayfair Equity Partners

    Partners Group

    Queens Park Equity

    Stellex Capital

    TA Associates

    Tiancheng International Investment

    Wavecrest Partners

    G Square Private Equity

    H.I.G. Capital

    Inflexion

    Principaux dossiers

    • Advised HoldCo SAS, a holding company controlled by Xavier Niel, in relation to the financing of the simplified public tender offer for iliad SA shares launched by HoldCo II.  
    • Advised Mayfair Equity Partners on its acquisition of the entire issued share capital of Tangle Teezer Limited, a global hairbrush brand.
    • Advised Tiancheng International Investment on several high-profile transactions, including on the disposal of its majority stake in Bio Products Laboratory, a specialist in the development of rare disease products using fractionated blood plasma, to Permira.

    Herbert Smith Freehills LLP

    Herbert Smith Freehills LLP advises funds and corporates engaged in acquisition finance within its core areas of industry focus, such as energy, projects and infrastructure. The firm's extensive international network of offices is also a value-add to clients, including in relation to emerging markets mandates, where the team is well-versed in advising on multi-sourced financings. As well as his sponsor and corporate-led acquisition finance work, Will Nevin  has been instrumental in growing the firm's presence among international and investment banks.

    Responsables de la pratique:

    Gary Hommel; Gabrielle Wong; William Breeze

    Autres avocats clés:

    Wil Nevin; Heather Culshaw; Kristen Roberts; Thomas Bethel; Martin Kavanagh; David Wyles; Stacey Pang

    Principaux clients

    Tryg A/S

    Synthomer plc

    Severn Trent plc

    Euromoney Institutional Investor Plc

    ABSA Bank Limited, African Export-Import Bank and Standard Chartered Bank

    Iberdrola

    Arcmont Asset Management Limited

    Hipgnosis Songs Fund Limited

    Bank of America Merrill Lynch, JPMorgan, HSBC and Credit Agricole Corporate and Investment Bank

    Goldman Sachs Infrastructure

    Johnson Matthey

    CDNOC and CNOOC

    National Grid

    Cabot Square Capital

    Trident Energy L.P.

    Principaux dossiers

    • Advised National Grid Plc on the bridge financing for its acquisition of Western Power Distribution, which is the UK’s largest electricity distribution business.
    • Advised Tryg on its financing to facilitate its joint bid for Royal Sun Alliance, with Intact Financial Corporation as joint bidder.
    • Advised the mandated lead arrangers on their €4.4bn acquisition financing for Euronext’s bid for the Italian Stock Exchange.

    Morrison Foerster

    Despite the recent retirement of Caroline Jury and Benoit Lavigne‘s move  to King & Spalding LLP in June 2021, Morrison Foerster maintains a strong creditor-focused client base that includes credit funds and underwriting banks. The firm’s recent success in the area can largely be attributed to Chris Kandel , who since his high-profile move from Latham & Watkins in February 2019, has developed a strong London practice offering broad expertise across bank and New York-law governed high yield debt, as well as direct lending products, including unitranche facilities. Although it is sector agnostic in its financing activity, the wider firm’s tech heritage has led to engagement in the emergence of recurring revenue financing as means of funding high growth companies lacking the EBITDA to support a traditional leveraged loan. John Burge has a focus on growth company debt finance and heads up the firm’s growing recurring revenue offering.

    Responsables de la pratique:

    Christopher Kandel

    Autres avocats clés:

    Matthew Dunlap; John Burge; Amber Pledge; Rebecca DeLong

    Les références

    Truly cross-border coverage with consistent quality across each of the jurisdictions is an impressive thing to boast as a firm.’

    Chris Kandel has knowledge of both the market standard and the latest innovative solutions in the market.’

     

    Principaux clients

    Fortress Investment Group

    Initial purchasers for Lundin Energy bond offering (Deutsche Bank, BNP Paribas, Wells Fargo, ING Bank, SEB)

    Lenders to Entain PLC (A syndicate of 15 banks led by BNP Paribas, Deutsche Bank, ING, SEB, Wells Fargo)

    Lead Arrangers to Entain PLC (Barclays, Deutsche Bank, Morgan Stanley)

    Eurohold Bulgaria

    Owl Rock Capital Corporation and Vista Capital Partners

    Beach Point Capital Management and Bardin Hill Investment Partners

    Crescent Capital

    Ares Management Limited

    Norgine

    SoftBank Group Corp.

    Blackrock

    Ernst & Young

    Nets

    Tate & Lyle

    Principaux dossiers

    • Advised Fortress on the £6.3bn debt financing of its offer to take private Morrisons Groceries.
    • Advised Eurohold Bulgaria on the €360m senior secured and €110m holdco PIK financing for its acquisition of the Bulgarian power distribution/renewable energy business of Czech utility company ČEZ.
    • Advised Owl Rock Capital Corporation and Vista Capital Partners on a $300m recurring revenue term loan financing for the acquisition of Message Systems Inc. by Messagebird B.V.

    Norton Rose Fulbright

    The 'commercial and collaborative' banking team at Norton Rose Fulbright handles a significant amount of acquisition finance work for commercial/investment banks and corporates. Much of this work is of a multi-jurisdictional nature (including within emerging markets) and also often includes complex and highly bespoke structuring, with core leveraged financing capabilities sitting alongside specialised product experience including asset based lending facilities (ABL). Michael Black  has 'in-depth knowledge of ABL and cross-border lending' and is a key member of a team that also includes the 'pragmatic and considered' James Dunnett , who has niche expertise advising financial advisers on cash confirmations pursuant to public M&A.

    Responsables de la pratique:

    Madhavi Gosavi (head of banking & finance – EMEA); Michael Black (head of general banking – London)

    Autres avocats clés:

    Neha Khosla; Michael Ings; James Dunnett; Alex Zekkos; Grace Carpenter; Shivani Patel

    Les références

    A very commercial and collaborative team with strength in depth and good working relationships with bank-side legal teams.’

    They provide pragmatic and solutions-driven advice.’

    James Dunnett provides calm, pragmatic and considered advice.’

    Principaux clients

    MUFG

    SMBC

    Mizuho

    Bank of America

    Owl Rock

    JTC Plc

    HSBC

    Bank of Ireland

    Ares Commercial Finance

    Reach Plc

    IMI Group Limited

    M&G Investment Management

    Accel-KKR

    National Bank of Canada

    Principaux dossiers

    • Advised MUFG, SMBC and Mizuho as lenders on the approx $6.4bn acquisition facilities made available to Renesas Electronic Corporation for the acquisition of Dialog Semiconductor plc, which was listed on the Frankfurt Stock Exchange.
    • Advised Bank of America as arranger of an ABL facility and a 1st lien term loan and advised Owl Rock as arranger of a 2nd lien term loan to fund the acquisition of Conair Corporation by American Securities.
    • Advised IMI Group in relation to its $180m syndicated term loan facility, which financed the acquisition by IMI Americas (a subsidiary of IMI plc) of Adaptas Solutions (a US-based manufacturer of spectrophotometry components) pursuant to a merger which completed on 17 December 2021.

    Pinsent Masons LLP

    At Pinsent Masons LLP, Vanessa Heap is the main contact for mid-market leveraged finance work on behalf of a borrower-focused client base that includes a raft of financial sponsor clients. On the lender side, the firm’s clearing bank relationships tend to spin off more work on the corporate lending front, although the recent arrival of Max Millington from Osborne Clarke LLP is likely to spawn more credit fund work given his strong direct lending credentials. Real estate finance expert William Oliver now heads up the overarching banking team following Martin Bishop‘s relocation to the firm’s Singapore office.

    Responsables de la pratique:

    William Oliver

    Autres avocats clés:

    Vanessa Heap; Max Millington; Liam Terry; Kate Hardwidge; Mhairi Morrison; Meherzad Bilimoria

    Principaux clients

    Aareal Bank AG

    European Investment Bank

    Horizon Capital LLP

    HSBC Bank plc

    HSBC UK Bank plc

    ICBC Bank

    LGIM (Legal & General)

    Lowell Group

    M&G Investments (Prudential)

    MUFG

    Santander UK plc

    SMBC

    Sabio Limited

    Computer Systems Integration Group Limited

    MML Capital Partners LLP

    Permira Credit

    Equistone Partners Europe

    Principaux dossiers

    • Advising Sabio Limited (backed by Horizon Capital Partners) in connection with facilities provided by CVC for multiple acquisitions.
    • Advising MML Capital LLP in the management buy-out of Western Global Holdings Limited, spanning three jurisdictions.
    • Advised MML Capital Partners in connection with facilities provided by Investec to refinance its acquisition of Roboyo GmbH – the world’s largest Intelligent Automation professional services company and to finance the acquisition of AKOA Stockholm AB.

    Eversheds Sutherland (International) LLP

    The 'exceptionally professional' team at Eversheds Sutherland (International) LLP, which includes lawyers in London and across its regional offices, provides 'focused commercial advice' to mid-market financial sponsors and corporates on acquisition finance matters. Christopher Akinrele  'provides commercial advice' and is at the forefront of the most prominent leveraged finance matters for sponsors and their portfolio companies. Nick Swiss  heads up the UK banking practice.

    Responsables de la pratique:

    Nick Swiss

    Autres avocats clés:

    Chris Hastings; Chris Akinrele; Patrick Davis; Jonathan Malim; Christopher Williams; Catherine Jones; Alex Smith

    Les références

    ‘Personable, and easily able to explain complex legal issues to business leaders of non legal backgrounds. Also being able to provide honest and objective advice is a breath of fresh air.’

    The team is exceptionally professional and gives focused commercial advice.’

    Chris Akinrele provides commercial advice and understands issues and challenges ahead of time.’

    Principaux clients

    Daisy Group

    Alcumus Group

    Augusta Ventures

    Jaja Finance Limited

    Fried, Frank, Harris, Shriver & Jacobson LLP

    Benefitting from natural synergies with the firm's wider asset management offering, Fried, Frank, Harris, Shriver & Jacobson LLP's small but nimble banking team is well-positioned to advise funders and sponsors as providers and recipients of private credit. In this context, the partner-led team excels in providing advice on bespoke financing solutions and is well-versed across the spectrum of UK and US law governed debt products. Neil Caddy is the principal contact and has expertise structuring deals using sophisticated financing techniques involving a range of products throughout the capital structure, including cov-lite TLB, bank/bond, second lien and unitranche.

    Autres avocats clés:

    Neil Caddy; Jons Lehmann; Kathryn Cecil; Graham Greenwood

    Les références

    The team is friendly, engaging and displays good deal management.’

    ‘Neil Caddy was able to seamlessly deliver advice and thought leadership. His clear communication and the firm’s ability to help us on the equity side were very valuable.’

    Principaux clients

    Jacobs Engineering

    Pemberton Asset Management

    Ares Management

    Yellow Wood Partners

    Permira

    Golub Capital

    Principaux dossiers

    • Advised Jacobs Engineering Group in relation to the $2bn  financing arrangements connected to its strategic partnership with PA Consulting to acquire a majority stake in PA Consulting.
    • Counsel to Ares Management as agent, initial lender and lead arranger and Golub Capital as initial lender and lead arranger in connection with Goldman Sachs Merchant Banking Division’s C$1.13bn acquisition of People Corporation.  
    • Advised Yellow Wood Partners, a Boston-based private equity firm focused on investing in consumer brands and companies, in its definitive agreement to acquire the Scholl foot care brand from Reckitt Benckiser Group Plc.

    McDermott Will & Emery UK LLP

    McDermott Will & Emery UK LLP ‘s London practice continues to gain momentum following the arrival in May 2020 of the ‘savvy and knowledgeable’ Aymen Mahmoud (who now heads the two-partner offering) and the ‘very user-friendly’ Mark Fine from Willkie Farr & Gallagher (UK) LLP. Generating a substantial amount of their own work and also able to tap into the firm’s existing corporate private equity relationships, the team has already made a big impact in the mid-market, with sponsors appreciative of their knowledge across a wide range of products including unitranche, TLB, holdco PIKs and recurring revenue financings. On the lender front, the team has good traction among credit funds, including in the context of special situations lending.

    Responsables de la pratique:

    Aymen Mahmoud

    Autres avocats clés:

    Mark Fine; Giulia Venanzoni; Nicholas Jupp

    Les références

    An exceptionally strong mid-market and special situations debt team, covering products such as unitranche, growth company financings such as recurring revenue financings, holdco financings and the like. The team gets a range of types of deals and number of deals that is astounding given its size.’

    ‘Very knowledgeable, hardworking, and well-resourced.’

    Aymen Mahmoud is a uniquely commercial and creative transaction leader. Savvy and knowledgeable. A safe pair of hands.’

    Principaux clients

    SilverTree Equity Partners

    Perwyn Advisors UK Limited

    CoachHub GmbH

    Golub Capital LLC

    Five Arrows

    Intriva Capital

    Blue Owl (formerly Owl Rock)

    Guggenheim Partners

    Partners Group

    Ares Management Limited

    Royal Bank of Canada

    Mercuria Energy Trading Pte Ltd

    Alcentra Limited

    FQX

    GLAS Specialist Services Limited

    Caura Ltd

    OpenGate Capital Management Europe

    Parent Cloud Limited

    MessageBird B.V.

    bd Capital Partners Limited

    Aksiom Services Group

    PX Group

    Blue Water Private Equity LLP

    Sirius Petroleum PLC

    Orbus Group

    CVC Credit

    Palamon Capital Partners

    Excellence Logging Limited

    Sanne

    Alter Domus

    Pemberton Capital Advisors LLP

    Principaux dossiers

    • Advised a consortium of lenders including Blue Owl, Golub Capital, Guggenheim  Partners and Partners Group, as first and second lien lenders, on their financing of various items, including the acquisition of Allocate Software (together with a holdco financing and equity investment by CVC Credit Partners and Guggenheim Partners) as well as an equity co-investment.
    • Advised Golub Capital, as lender, on the cross-border financing of the acquisition by Pamplona Equity Partners of the Pelsis Group.
    • Advised the MessageBird group on the financing of the $600m financing involving the acquisition of SparkPost.

    Sidley Austin LLP

    The ‘very responsive and super commercial’ team at Sidley Austin LLP is best-suited to advising private equity sponsors and credit funds on premium mid-market mandates requiring innovative thinking and bespoke structuring. This approach manifests itself on both the debtor and creditor front, including its work for lenders on special situations (including in a loan-to-own context). Bryan Robson and James Crooks co-head the team, which also benefits from the ability to coordinate on matters alongside its M&A and finance colleagues in the US.

    Responsables de la pratique:

    Bryan Robson; James Crooks

    Autres avocats clés:

    William Gwyn

    Les références

    The acquisition finance team has proven itself to be an extremely valued partner in our negotiation and risk assessment of all legal matters. The team brings innovation and diversity of thought in all discussions with lenders, being commercial and providing insightful guidance relative to market context.’

    ‘The team is very responsive and super commercial.’

    Bryan Robson is always excellent – very strong adviser, cuts straight to the key issues and helps navigate a deal smoothly from start to finish.’

    Principaux clients

    Cheyne Capital

    Great Hill Partners/BigChange Group Limited

    Jervois Global Limited

    Atento S.A.

    Arsenal Capital Management LP

    TowerBrook Capital Partners

    H.I.G. Capital

    Bain Capital

    King Street

    Principaux dossiers

    • Advised Crayhill Capital Management on the $300m financing for unybrands.
    • Advised Jervois Global on the $150m inventory- and trade receivables-backed working capital financing of its newly acquired Finnish cobalt mining operations.
    • Advised BigChange Group Limited and Great Hill Partners on BigChange’s £25m term loan B and £5m revolving credit facility to fund its working capital requirements and strategic initiatives following the acquisition of the business by Great Hill Partners.

    Taylor Wessing LLP

    Led by Martin Yells, Taylor Wessing LLP's 'highly efficient' banking and finance team regularly advises private equity sponsors engaged in mid-market leveraged finance mandates. A significant amount of the work is centred around the tech sector, including the provision of debt financing to later stage venture-backed clients of the firm. The 'smart and very user-friendly' Lerika Le Grange is a key member of the team.

    Responsables de la pratique:

    Martin Yells

    Autres avocats clés:

    Lerika Le Grange; Fiona Coady; Kate Bowden; Katie Horbury

    Les références

    Nice boutique finance team who do a lot of tech and VC-backed stuff.’

    ‘Lerika Le Grange is smart and very user friendly, with a lot of experience dealing with VC-backed companies.’

    ‘Katie Horbury is very strong and often performs the heavy lifting on deals.’

    Principaux clients

    Sofina Foods Inc.

    Heroes Technology Limited and its subsidiaries

    Anglo Pacific Group plc

    K2 Partnering Solutions

    Hilton Food Group plc

    Rutland Partners

    Autofutura (ATG group)

    Optimapharm

    Inflexion Private Equity Partners

    JSM

    Rockpool Investments

    Phoenix Asset Management

    Digital 9 Infrastructure

    Principaux dossiers

    • Advised tech-focused client the Heroes group on a $200m term loan facility agreement with Crayhill as lender.
    • Advised on the $140m refinancing of the K2 Partnering Solutions group (backed by Inflexion), via secured loan facilities provided by Pemberton Capital Advisors and NatWest.
    • Advised Sofina Foods Inc., a leading manufacturer of protein products for retain and foodservice customers, on the English law aspects of its $290m debt financing to fund the acquisition of the Eight Fifty Food Group, a leading supplier of seafood and pork.