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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

Oliver Sceales

Tel:
Work 020 7456 2555
Email:
Linklaters Business Services

Work Department

Banking, Leveraged Finance

Position

Oliver is a banking partner with significant experience in structuring and executing sponsor-backed leveraged acquisition finance transactions in the European market. He has worked in the firm’s banking team for 10 years and was made a partner in 2016.

Oliver’s particular focus is acting for financial sponsors on leveraged buy-outs but he also has significant experience in acting for lenders across the capital structure.

Oliver spent four months on secondment to the firm’s Madrid office in 2007, working on what was then one of the largest leveraged buy-outs in Europe. He also spent nine months on secondment with Macquarie Capital Advisory in 2009, where he assisted with deal execution and gained insight into their investment process.

Before joining the firm, Oliver worked for Allens, Linklaters’ integrated alliance partner in Australia.

Work highlights:

Oliver has worked on a wide range of financing transactions. These include advising:

  • The Carlyle Group on the debt financing aspects of its take-private acquisition of Innovation Group plc, a global business process services provider;
  • The Carlyle Group on the debt financing aspects of its acquisition of PA Consulting by way of scheme of arrangement;
  • Baring Private Equity on its £1.2bn covenant-lite senior and second lien facilities in connection with the refinancing of debt facilities for The Weetabix Food Company;
  • HgCapital on the debt financing of its leveraged buy-outs of multiple businesses, including A-Plan (regulated), Manx Telecom (regulated), Zitcom, Sequel and Allocate Software (take private);
  • The arrangers on the covenant-lite debt financing of Valeo Foods’ acquisition of Balconi, an Italian cake company;
  • Bridgepoint Capital on the debt financing aspects of its acquisitions of Oasis Dental and Quilter & Co, the private client wealth management group;
  • Public Sector Pension Investment Board on its holdco PIK facility used in connection with its acquisition of a minority stake in Allflex Group, a global leader in livestock identification; and
  • The Carlyle Group on the debt financing aspects of its acquisition of Barbon Insurance Group, a regulated insurance mediation business.

Member

  • Unitranche loans: a recent trend in the European mid market (2013)
  • Documenting acquisition financings for syndication in the U.S. and Europe (2008)

Education

Oliver has a law degree with honours from Bond University (Australia) and a commerce degree majoring in accounting and finance from University of Western Australia


London: Corporate and commercial

Private equity: transactions

Within: Private equity: transactions

Linklaters LLP's London-based private equity team is integrated with other offices across the network, and is also allied with the firm's other top-class practices (including finance, equity capital markets and M&A), enabling it to cover the full spread of transactions involving all major jurisdictions worldwide. Led by Alex Woodward, the group particularly comes into its own in groundbreaking deals involving novel/esoteric legal issues and matters connected with highly regulated sectors, such as healthcare, energy and financial services. In 2017, Woodward, recently promoted partner Christopher Boycott and banking partner Oliver Sceales acted for The Carlyle Group in its acquisition of Praesidiad from CVC Capital Partners. Another significant deal involved Carlton Evans acting for Baring Private Equity and Bright Food in the £1.4bn sale of the Weetabix group to Post Holdings. Ben Rodham advised The Office Group and its shareholders on the £490m sale of the business to Blackstone, which had followed a competitive auction. The firm also acts for other well-known names in the private equity sphere, such as BC Partners, Montagu, PAI and Apollo Global Management. David Martin, who relocated to the London office from Abu Dhabi, is recommended, as are Will Aitken-Davies and Vincent Ponsonnaille.

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London: Finance

Acquisition finance

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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