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Latham & Watkins

99 BISHOPSGATE, LONDON, EC2M 3XF, ENGLAND
Tel:
Work 020 7710 1000
Fax:
Fax 020 7374 4460
Email:
Web:
www.lw.com

Stephen E Kensell

Tel:
Work +44 20 7710 3074
Email:
Web:
www.lw.com/people/stephen-kensell
Latham & Watkins LLP

Work Department

Partner

Position

Stephen Kensell is a Partner in the London office of Latham & Watkins and a member of the Finance Practice. Mr. Kensell is one of the market’s foremost banking practitioners, with more than 20 years’ experience advising top financial institutions on a broad range of complex financing matters.

Mr. Kensell has an outstanding reputation as one of the leading creditor-side lawyers in the London bank finance market. He has vast experience advising clients on a variety of event-driven financings, with particular expertise in leveraged, investment grade M&A and IPO related finance.


London: Finance

Acquisition finance

Within: Leading individuals

Stephen Kensell - Latham & Watkins

Within: Acquisition finance

'One of the most active firms in the market',¬†Latham & Watkins' 12-partner team has the 'strength-in-depth to enable it to be efficient and supportive even on projects with very tight timelines'. Benefiting from both bank and high yield bond expertise, the team has the flexibility and all-encompassing expertise to provide a 'very high-quality service' to investment banks and private equity sponsors on deals across the capital structure and is 'very savvy about the latest legal terms and market precedents'. 'Combining outstanding technical skills with best in class negotiating capabilities',¬†Stephen Kensell¬†is regularly engaged in very challenging deals for banks; he acted alongside the 'outstanding'¬†Mohamed Nurmohamed¬†for¬†the lenders on the ‚ā¨2.1bn term loan and revolving credit facility¬†(alongside a bond offering) to facilitate Bain Capital and Cinven Partners'¬†‚ā¨5.4bn acquisition of Germany-based healthcare company STADA Arzneimittel.¬†Jayanthi Sadanandan¬†is particularly active on the sponsor side and recently advised¬†Blackstone and CVC Capital Partners on the¬†first lien/second lien loans to enable the acquisition of Paysafe Group plc. The 'excellent'¬†Sam Hamilton¬†also has a private equity sponsor focus to his practice and as well his regular work for core client Nordic Capital, he also recently advised Leonard Green & Partners on the financing for its ¬£2.4bn acquisition of CPA Global. As well as his regular flow of work for core client Deutsche Bank, the 'very impressive'¬†Christopher Kandel¬†also recently advised Hellman & Friedman on the first lien/second lien loan financing for its tender offer for publicly-listed company Netts, to take the Danish payments company private.¬†Ross Anderson,¬†Ross Pooley¬†and¬†Dominic Newcomb¬†are also recommended.

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Bank lending: investment grade debt and syndicated loans

Within: Leading individuals

Stephen Kensell - Latham & Watkins

Within: Bank lending: investment grade debt and syndicated loans

While it is undoubtedly best-known for its market-leading leveraged finance offering,¬†Latham & Watkins' strong ties with major investment banks including JP Morgan, Goldman Sachs and Deutsche Bank also ensures that it regularly picks up more general syndicated loans work and investment grade M&A financings. 'Very savvy about the latest terms and market precedents', the team's ability to advise across the spectrum of European and US debt products including New York-law governed high yield bonds ensures that it can handle some of the biggest-ticket and most sophisticated cross-border mandates in the market. 'Combining outstanding technical skills with best in class negotiation capabilities',¬†the 'outstanding'¬†Stephen Kensell¬†is 'able to support his client in the most efficient manner on challenging deals', including his recent role for Bank of America Merrill Lynch, Deutsche Bank and HSBC¬†(as global co-ordinators) on the¬† ‚ā¨10bn¬†syndicated loan provided to Wind Tre, the largest mobile operator in Italy. Other highlights included Ross Anderson¬†and Mohamed Nurmohamed's work for the lenders (including HSBC and UBS) on the lending facilities provided to Switzerland-based chemical manufacturing company, Archroma, for the purposes of refinancing its existing debt.'¬†Extremely impressive' UK and US-qualified partner¬†Christopher Kandel¬†is also recommended.

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United States: Finance

Commercial lending

Within: Commercial lending

Latham & Watkins LLP is one of the premier choices for borrower and lender work, with top-notch teams of lawyers spread throughout its US network of offices. The borrower side of the practice, which is particularly active in Washington DC thanks to its relationship with Carlyle Group, acts for a broad mix of private equity houses and corporates. Recently, the team advised CommScope, a US communications cable maker backed by Carlyle, on the financing of its $7.4bn takeover of Arris, the UK-based entertainment and networking equipment maker. Other key clients include Caesars Resort Collection, which it advised on a $1.7bn bond offering to finance existing debt. The firm's cross-border capabilities and strong banking relationships were demonstrated by its advice to JPMorgan Chase, Sumitomo Mitsui Banking Corporation and MUFG Bank as lead arrangers on the $30.9bn bridge credit facilities to Takeda Pharmaceutical Company to partly fund its acquisition of Shire. Other banking clients include Credit Suisse, Citibank, and Antares Capital. New York-based banking practice chair Daniel Seale jointly leads the top-tier team alongside vice chairs Greg Robins in Los Angeles and Stephen Kensell in London. Other key figures include New York managing partner Michèle Penzer, Christopher Plaut, Melissa Alwang, and Scott Gottdiener on the lender side. Jeffrey R. Chenard and Joshua Tinkelman are also recommended for their borrower side advice.

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