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Ropes & Gray LLP

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Stefanie Birkmann

Ropes & Gray LLP


Finance partner Stefanie Birkmann represents private equity firms, corporate borrowers, and other borrowers in complex financings. She is highly experienced in a wide variety of syndicated financings‚ÄĒwith an emphasis on leveraged acquisition finance and recapitalizations‚ÄĒand advises her clients on senior and subordinated credit facilities, cash-flow and asset-based loans, first and second lien financings, mezzanine financings, bridge loans, high yield debt offerings and debt restructurings, including DIP and exit financings. Before joining Ropes & Gray, Stefanie was senior counsel at Simpson Thacher & Bartlett LLP.

United States: Finance

Capital markets: high-yield debt offerings

Within: Capital markets: high-yield debt offerings

Ropes & Gray LLP attracts praise for its ‚Äėimpressive depth of experience and market knowledge‚Äô and its ‚Äėextremely professional and capable lawyers‚Äô. The issuer-focused practice leverages its enviable private equity client base - Blackstone, Silver Lake Partners and TPG Capital are all on the team‚Äôs books - to specialize in advising leading PE players and their portfolio companies on sophisticated high-yield transactions. In a recent example, Boston-based Michael Lee acted for IMS Health Holding, co-owned by TPG, Leonard Green & Partners and CPP Investment Board, in its $1.7bn issuance of dollar and euro-denominated bonds. In New York, Stefanie Birkmann advised Surgery Center Holdings, a portfolio company of HIG Capital, on its $400m senior notes issuance. New York-based Jay Kim is ‚Äėtechnically excellent‚Äô and acted for West Corporation in its $400m offering of senior secured notes. Boston-based Byung Choi is also a key member of the group.

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Commercial lending

Within: Commercial lending

Ropes & Gray LLP‚Äôs borrower-led practice has long held a top position in the market, and the ‚Äėhighly responsive‚Äô team is also making a concerted push into direct lender work, where it is developing a reputation for its ‚Äėgood knowledge of middle-market transactions‚Äô. Alyson Allen and Joanne De Silva are highly active in the direct lending market thanks in part to their work for KKR Credit Advisors and Hancock Capital Management; recent highlights include advising the former client on a $625m multi-tranche loan to H.I.G Capital to fund its acquisition of the Keefe and Courtesy groups. On the sponsor side, the firm recently acted for Silver Lake Partners, as co-sponsor with Thoma Bravo, on the financing of the acquisition of software company SolarWinds. The firm is also handling a substantial amount of work for corporates and strategic buyers; recent highlights include assisting Samsonite with a $2.3bn loan connected to its acquisition of Tumi. The highly regarded Byung Choi continues to head the US team, which includes the ‚Äėvery good‚Äô Stefanie Birkmann, Jay Kim and Sunil Savkar.

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