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Slaughter and May

Living Wage
ONE BUNHILL ROW, LONDON, EC1Y 8YY, ENGLAND
Tel:
Work 020 7600 1200
Fax:
Fax 020 7090 5000
DX:
11 LONDON CHANCERY LANE WC2
Email:
Web:
www.slaughterandmay.com
Beijing, Brussels, Hong Kong, London

Philip Snell

Tel:
Work 020 7600 1200
Email:
Slaughter and May

Work Department

Corporate, Commercial and Financing

Position

Partner with a broad finance practice; advises corporate clients, private equity investors and banks on a wide range of financing transactions, including acquisition and bid financing, syndicated loans, capital market transactions, real estate financing, structured financing (including securitisations) and restructurings.

Career

Trained Slaughter and May; qualified 1995; partner Slaughter and May 2002.

Education

Oundle School; York University (1991 English); College of Law, York (1993).


London: Finance

Acquisition finance

Within: Acquisition finance

Fed a steady pipeline of work from the its roster of FTSE 100 and 250 corporate clients, unsurprisingly,¬†Slaughter and May¬†is best-known for its borrower-side financing work. Recent highlights include advising DS Smith plc on the debt financing aspects of its $920m acquisition of Interstate Resources and representing Cineworld Group plc on the UK law aspects of the funding to secure its $3.6bn acquisition of US company Regal. A corollary of the firm's market-leading M&A practice, the firm has developed a particular niche in relation to ‚Äúcertain funds‚ÄĚ public bid finance work and in this regard¬†Ed Fife¬†and¬†Matthew Tobin¬†are advising Compagnie Financi√®re Richemont on a proposed voluntary public tender offer (to be made by a newly formed wholly-owned Italian subsidiary of Richemont) to acquire all of the ordinary shares of Yoox Net-a-Porter Group.¬†Caroline Phillips' broad-ranging financing capabilities encompass debt financing work for private equity sponsors Corsair Capital and Palamon Capital Partners, including advising the latter on the financing to fund the¬†acquisition of a majority stake in Sweden-based Happy Socks.¬†Philip Snell¬†and¬†Robert Byk¬†are also recommended.

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Bank lending: investment grade debt and syndicated loans

Within: Bank lending: investment grade debt and syndicated loans

'The market-leading borrower side practice',¬†Slaughter and May¬†provides an 'exceptionally high-quality service' to a stellar roster of blue-chip corporates including Costain Group plc, First Group, Ocado Group and Tata Steel, across the gamut of financing work including for acquisition finance, as well as general corporate and working capital purposes. The team's pre-eminent borrower side reputation is further underscored by the firm's role for the Association of Corporate Treasurers in relation to LMA documentation; notably the firm recently updated the Borrower's Guide to¬†LMA Loan Documentation for Investment Grade Borrowers‚Äô to reflect the¬†ongoing reforms to LIBOR, Euribor and other benchmarks.¬†Matthew Tobin¬†recently advised Dufry on its¬†‚ā¨2.4bn new facilities¬†(for refinancing and general corporate purposes)¬†which included Euro and US dollar term loan facilities and a multi-currency revolving facility. As well as new money financings, the team has also handled numerous refinancing mandates for corporate clients including¬†Robert Byk¬†'s representation of ISS on the refinancing of its existing credit facility with a new ‚ā¨1bn revolving credit facility. Other recommended partners include¬†Ed Fife,¬†Philip Snell¬†and¬†Andrew McClean.

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