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Proskauer Rose LLP

110 BISHOPSGATE, LONDON, EC2N 4AY, ENGLAND
Tel:
Work 020 7280 2000
Fax:
Fax 020 7280 2001
Email:
Web:
www.proskauer.com

London: Corporate and commercial

Corporate tax
Corporate tax - ranked: tier 5

Proskauer Rose LLP

Proskauer Rose LLP's 'attentive' and 'practical' team is predominantly instructed by funds and corporates on transactional mandates. Possessing 'good industry knowledge', team leader Robert Gaut  focuses on domestic and cross-border tax matters, with a particular focus on the establishment of investment funds and M&A. Splitting her time between London (where she is the office head) and Boston, Mary Kuusisto, advised Falcon Investment Advisors on the closing of its debt-focuses fund, which required Tier One-level US law tax structuring counsel. Stephen Pevsner and Catherine Sear are further key contacts.

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M&A: upper mid-market and premium deals, £250m+
M&A: upper mid-market and premium deals, £250m+ - ranked: tier 6

Proskauer Rose LLP

The team at¬†Proskauer Rose LLP¬†offers ‚Äėexcellent advice‚Äô and ‚Äėgreat project management‚Äô. Practice head¬†Steven Davis¬†is ‚Äėsharp and able to get to the crux of the matter very quickly‚Äô; he represented Safety-Kleen Europe in its ¬£780m sale to funds advised by Apax Partners. The ‚Äėoutstanding‚Äô¬†Andrew Wingfield¬†is ‚Äėcommercially strong and pragmatic, and looks after clients well‚Äô. Wingfield‚Äôs focus is in financial services and regulated entities, servicing key clients including ICG, AA and Fiserv, the latter who he recently represented on a cash offer for the issued share capital of Monitise alongside the ‚Äėtireless, personable‚Äô¬†Rob Day¬†.¬† Private equity specialist¬†Eleanor Shanks¬†is another key team member.

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Private equity: transactions
Leading individuals

Steven Davis - Proskauer Rose LLP

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London: Finance

Acquisition finance
Acquisition finance - ranked: tier 5

Proskauer Rose LLP

Almost entirely aligned to the private debt funds space, Proskauer Rose LLP's 'very responsive and commercial' three-partner team has a 'great knowledge of the market' and continues to pick up market share acting for new clients including Alcentra and Intermediate Capital Group, as well as more longstanding ones including Bain Capital Credit and BlueBay Asset Management. The 'pragmatic and commercial' Alexander Griffith is 'very well regarded' among many of the most active players in the space including Ares Management, which he recently advised on the unitranche financing to fund Exponent Private Equity's acquisition of the Leisure Pass Group. Ben Davis has 'a deep knowledge of the market and fights hard for his clients'; he recently advised BlueBay Asset Management on the financing to facilitate Lloyds Development Capital’s acquisition of Pelsis. Faisal Ramzan rounds out the team at partner level, while 'very responsive and commercial' associate Daniel Hendon is also recommended.

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Corporate restructuring and insolvency
Corporate restructuring and insolvency - ranked: tier 6

Proskauer Rose LLP

Benefiting from 'extraordinary industry knowledge and acumen', Proskauer Rose LLP is an 'effective performer in the restructuring market' and is 'particularly strong at handling complex and difficult matters which require novel solutions'.  The team is rapidly becoming known as a 'leader in the field for handling complex cross-border restructuring matters' and provides a 'value-added and thoughtful' service by virtue of its ability to work closely with complementary transactional practice groups, including private equity and direct lending, as well as with its US offices, should the need arise. 'Hugely experienced' team head Mark Fennessy has a 'razor sharp instinct' and is at the heart of all the highest-profile mandates handled by the office. For example, in relation to the high-profile Westinghouse restructuring, he leads the European team on the advice to the unsecured creditors committee to approve and oversee the Chapter 11 restructuring plan and the sale of the Westinghouse business. He also regularly handles restructuring work for GLAS, including acting for it as security agent of £600m facility provided to finance the Zinc Hotels Group which is currently undergoing a restructuring. At senior associate level, Sunay Radia 'quickly and eruditely digests complex issues and recommends pragmatic courses of action' and Crispin Daly has an 'an amazing attention for detail and an ability to absorb and distill huge quantities of material'. Other clients include BDO, HSBC and Contrarian Capital.

Leading individuals

Mark Fennessy - Proskauer Rose LLP

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High yield
High yield - ranked: tier 3

Proskauer Rose LLP

Proskauer Rose LLP. 'stands out for its quality service and expertise'. The practice in London works closely with the firm's offices in the US to advise¬†a broad range of corporate issuers, banks and asset managers on innovative and complex deals. It advised¬†Spanish multinational pharmaceuticals and chemicals company Grifols on a ‚ā¨1bn notes offering, which was one of the largest high yield bond deals in Europe and the largest by a Spanish issuer in 2017. For underwriters Deutsche Bank and Jefferies, it handled a $310m offering by Airxcel. 'Commercial, dedicated, client-focused and constructive' corporate and capital markets partner¬†Maximilian Kirchner¬†'stands out as a top-class lawyer for high yield bonds;¬†he has a deep understanding of the market, outstanding technical skills, and¬†he provides invaluable strategic advice to ensure clients obtain the best possible outcome'.

Leading individuals

Maximilian Kirchner - Proskauer Rose LLP

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London: Human resources

Employment: employers and senior executives
Employment: employers and senior executives - ranked: tier 6

Proskauer Rose LLP

As 'a great firm with passionate lawyers', Proskauer Rose LLP is 'a clear name in the market' for private equity and financial services clients; the team also counts law firms and accountancy firms among its client roster. Key areas of strength for the group include investigations, data protection issues, cross-border work, restrictive covenants and team moves. Daniel Ornstein leads the department, and is praised by clients as an 'extremely knowledgeable, passionate and analytical lawyer with great flair'. Associate Kelly McMullon is also recommended for her 'responsiveness and practicality'.

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London: Investment fund formation and management

Private funds
Private funds - ranked: tier 2

Proskauer Rose LLP

Proskauer Rose LLP¬†is 'a pleasure to work with - the team¬†is very thoughtful and inspires confidence that it knows what it is doing and will draw in additional technical expertise when it needs to'. Nigel Van Zyl¬†is 'willing to take a view and provide advice rather than just options' - he¬†and¬†special regulatory counsel John Verwey¬†advised HgCapital on forming two funds simultaneously: its eighth buyout fund, which raised ¬£2.5bn, and Hg Mercury 2, which raised ¬£575m to make technology-focused buyouts. Bruno Bertrand-Delfau¬†advised Ardian, a cornerstone client, on a strategic partnership with Mubadala Capital, which involved Ardian becoming the Abu Dhabi sovereign wealth fund's first outside investor. Edward Lee¬†('a consummate¬†professional - a friendly and talented lawyer who is there for his clients and conveys matters concisely and reliably')¬†and¬†Kate Simpson¬†advised DN Capital on raising a ‚ā¨200m venture capital fund. In funds-of-funds highlights, Andrew Shore¬†advised Schroder Adveq on numerous investments, co-investments and secondary market transactions. Other clients include British, North American and Asian institutional investors, as well as EMK Capital (a new spinout from Bregal Capital), M&G Private Investments and Tenzing Private Equity.

Leading individuals

Nigel van Zyl - Proskauer Rose LLP

Next generation lawyers

Andrew Shore - Proskauer Rose LLP

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London: Real estate

Commercial property
Commercial property: hotels and leisure - ranked: tier 4

Proskauer Rose LLP

Proskauer Rose LLP has been instructed by US private equity firms, family offices and Middle Eastern and Southeast Asian sovereign wealth funds in high-value investment transactions since forming its London real estate team in 2016. Former DLA Piper partners Joanne Owen and Vikki McKay advised Meteorite Manchester on behalf of Singapore-based REIT Hiap Hoe on a hotel acquisition, which was the group’s first real estate acquisition in the UK. Also recommended is former Berwin Leighton Paisner special counsel Ben Taylor, who has experience in the hospitality sector and assisted a US-based investment manager with the ownership and franchise arrangements of a UK hotel, which the client acquired. Real estate finance specialist Paul Lucas joined the team from Linklaters LLP.

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Further information on Proskauer Rose LLP

Please choose from this list to view details of what we say about Proskauer Rose LLP in other jurisdictions.

China

Offices in Beijing

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Latin America: International firms

London

Offices in London

United States

Offices in Boston, New Orleans, Los Angeles, Washington DC, Boca Raton, New York, Newark, and Chicago

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