Dechert LLP

Mirroring the firm’s overarching focus on the asset management sector, Dechert LLP‘s acquisition finance team is best-known for its work for fund clients engaged in leveraged finance transactions. Although it does handle some mandates for private equity sponsors, much of this work is for private credit funds where the team has established a particularly strong position as a result of its ability to advise on new money and refinancing transactions utilising debt across all levels of the capital structure. Key to the firm’s success in the area is the work of David Miles and Philip Butler, who have both been closely aligned to the development of the direct lending product since its inception in the European market. Both continue to pick up work for some longstanding and loyal clients, including Ares, which regularly instructs the firm on many of its European transactions.