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Stephenson Harwood

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Elizabeth Field

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Stephenson Harwood

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Liz is a corporate partner who advises public and private companies on a wide range of corporate finance transactions across a variety of sectors. She has extensive experience of advising on M&A deals, IPOs, venture capital investments and London listed funds.  

Liz advises sponsors, boards and investment managers of London listed closed end funds and is a member of the highly regarded Funds team at Stephenson Harwood. She has particular expertise in advising on split capital structures and reconstructions including section 110 rollover schemes and Companies Act schemes of arrangement.

She also has over 25 years general corporate and M&A experience across a wide range of sectors. She advised LOVEFiLM on all of its venture capital and corporate transactions and then its ultimate sale to Amazon.

Liz has acted for a number of venture capital investors investing in a variety of businesses. She has also advised a number of these clients, including management on exits by way of sale or IPO.

London: Corporate and commercial

Private equity: transactions

Within: Private equity: transactions

At Stephenson Harwood, group head Jonathan Pittal, Warren Allan and Gabriel Boghossian have continued to act for a number of their longstanding clients in midmarket transactions; Pittal and associate Pippa Byrne advised Bowmark Capital LLP and the other shareholders of Law Business Research (LBR) on the sale of LBR to Levine Leichtman Capital Partners. Another highlight saw Pittal, Boghossian and Byrne act for Inspired Education in a strategic investment by TA Associates. The three partners also have a particularly strong track record in private equity secondary transactions, which has previously involved advising clients such as SL Capital Partners and Five Arrows on the acquisition of private equity portfolios. They also assist funds-of-funds and banks with portfolio sales. Elsewhere, the team undertakes a significant amount of transactional work in regulated sectors such as insurance and healthcare. Other key members of the group include Ben Mercer, Elizabeth Field, Tony Edwards, Andrew McLean and Sam Gray.

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London: Investment fund formation and management

Listed funds

Within: Listed funds

Stephenson Harwood acts for both investment banks and funds, covering a mixture of asset classes and types of work. William Saunders  and senior associate Kate Longman advised LXI REIT on its IPO, which raised £138m; they also advised AIM-listed APQ Global on a convertible unsecured loan stock issuance on the London Stock Exchange's International Securities Market. Alex Haynes advised GCP Infrastructure Investments on a £170m placing programme, while Elizabeth Field advised on the launch of Jupiter Emerging & Frontier Income Trust plc, the manager's first new investment trust for ten years, and advised the same sponsor on the winding up of the Jupiter Dividend & Growth Trust. Investment bank clients include Cenkos Securities, which Haynes advised as sponsor of a share placing by Civitas Social Housing, and Nplus1 Singer Advisory and Stifel Nicolaus, which Haynes jointly advised as co-placing agents (Nplus1 Singer Advisory also acting as financial adviser in addition), on  the launch of a listed REIT investing in private rented sector housing. In the CLO space, the firm advised Fair Oaks Income on a restructuring of the fund, the feeder fund in a master-feeder structure. Other clients include Strand Hanson, Winterflood Securities, Stockdale Securities and Gravis Capital Management, a new manager which Haynes advised on its debut fund.

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Legal Developments by:
Stephenson Harwood

  • Companies should plan now to minimise their pension protection levy

    The amount that pension schemes have to pay to the Pension Protection Fund (PPF) for the year 2006/07 may have increased by as much as five times the previous year's levy. Employers who ultimately bear the cost of many pension schemes will need to make plans now to ensure the levy payable for the year 2008/09 is kept to a minimum.
    - Stephenson Harwood

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