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Linklaters Business Services

Living Wage
ONE SILK STREET, LONDON, EC2Y 8HQ, ENGLAND
Tel:
Work 020 7456 2000
Fax:
Fax 020 7456 2222
DX:
10 LONDON CITY EC3
Email:
Web:
https://www.linklaters.com
Abu Dhabi, Amsterdam, Antwerp, Bangkok, Beijing, Berlin and 25 more

Nick Syson

Tel:
Work 020 7456 3799
Email:
Linklaters Business Services

Work Department

Banking, Private Equity, Leveraged Finance

Position

Nick is a market-leading specialist in leveraged finance. He helped set up the firm’s leveraged finance practice in 2001 and was co-head of the leveraged finance practice until early 2016. Within his practice, he advises arranging banks on financial sponsor-backed leveraged finance transactions and coordinating bank and steering committees on debt restructurings. He also advises on bank/bond financings.

Nick has been involved in a number of pioneering developments in the leveraged finance sector, including “Opco/Propco” financings (in which the finance is divided between operating companies and property-owning businesses), regulatory life insurance arbitrage transactions, deals involving hedging uneven cashflows, and, more recently, on the growing use of covenant-lite loans.

Nick was based in Singapore for two years where he focused on, and developed his knowledge of regional debt restructuring.

Work highlights:

Nick has led on many prominent leveraged finance deals. These include advising the lenders on:

  • the £8bn facilities for the leveraged buyout (LBO) of Alliance Boots in 2007, the largest ever European LBO
  • the €2.4bn facilities for Hugo Boss to acquire Valentino Fashion Group, the first time under English law that financial sponsors required arranging banks to underwrite the issuance equity, as well as the debt 
  • many acquisitions by Kohlberg Kravis Roberts & Company (KKR), including the €640m facilities to acquire Webhelp (the call centre group), the £315m facilities to acquire LGC (the life sciences testing company) and the £955m acquisition of Pets at Home (the UK’s largest pet supplies retailer)
  • the £1.8bn acquisition of United Biscuits 
  • the NOL11bn facility for Apax Partners to acquire Evry, a Norwegian technology company
  • the Opco/Propco financing for Gala, the betting and gaming company and the £2.3m acquisition of Coral Eurobet, a debt restructuring and subsequent bond refinancing
  • the restructuring of Paroc, the Finland-based insulation manufacturer, which was notable for being subject to lender led pre-purchased insolvency using non-cash consideration

Career

2001 – Partner, Linklaters London; 2000 – 2001 Partner, Linklaters Singapore; 1994 – 2000 Partner, Wilde Sapte, London; 1985 – 1987 Articles, Flint Bishop & Barnett (Derby).

Languages

English.

Member

  • Elected for consecutive terms to the Linklaters supervisory board
  • Elected for consecutive terms to the Wilde Sapte executive board.

Education

Nick studied law at the University of Southampton.


London: Finance

Acquisition finance

Within: Leading individuals

Nick Syson - Linklaters LLP

Within: Acquisition finance

Benefiting from a vast roster of practitioners focusing on leveraged and corporate acquisition finance out of London and also able to tap into the firm's impressive international network of offices,¬†Linklaters LLP¬†is 'able to staff appropriately on tight timelines' and provide a 'very strong service which is attuned to the latest market developments' to banks, alternative capital providers, corporates and private equity sponsors.¬†Adam Freeman¬†heads up the leveraged finance sub-group at the firm and has strong credentials among many leading banks in the market; alongside¬†Robert Burt, Freeman recently advised the arrangers and underwriters on the complex financing involving TLB, second lien and revolving credit facilities for Blackstone and CVC to fund their acquisition of Paysafe plc. On the borrower front,¬†Oliver Sceales ¬†has handled numerous matters for The Carlyle Group including recently advising it on a ‚ā¨320m European cov-lite TLB facility and¬†‚ā¨80m revolving credit facility to fund its acquisition of Praesidiad from CVC Capital Partners.¬†Annette Kurdian¬†is 'excellent on tricky transactions' on behalf of banks and alternative lenders; alongside the 'experienced'¬†Nick Syson, and on the US high yield front¬†Mark Hageman, she recently advised the arrangers/underwriters¬†(including BNP Paribas and Credit Suisse) on the cov-lite TLB, revolving credit and bridge facility to fund Unilabs'¬†(an Apax Partners portfolio company) acquisition of AeskuLab Holding and Alpha Medical.¬†Edward Aldred¬†and¬†Daniel Gendron ¬†are also recommended.

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