Private equity: transactions – high-value deals (£250m+) in London

Kirkland & Ellis International LLP

Through a series of market-shifting hires, Kirkland & Ellis International LLP   has built one of the most impressive PE line-ups in the City. The firm offers an extensive team dedicated to private equity and sponsor-led M&A, advising a host of top buyout houses investing across sectors ranging from real estate, to energy, and healthcare technology. The practice handles leveraged buyouts on the buy and sell-side, take-privates, and minority investments in multiple jurisdictions, leveraging the firm's international reach. Clients include major houses such as Blackstone, KKR, and TPG, alongside institutional investors like GIC and CPPIB. The practice is led by David Higgins , alongside Matthew Elliott, who is known as one of the firm' big billers and specialises in European real estate investments. Adrian Maguire has continued to work with some of his longstanding clients since arriving from  Freshfields Bruckhaus Deringer LLP in mid-2019, while Stuart Boyd is recognised for his work on cross-border leveraged transactions. Roger Johnson is recommended for his expertise in large-cap transactions, while Rory Mullarkey and David Holdsworth are key relationship partners for major US and European funds. Gavin Gordon  and David Arnold left for  Willkie Farr & Gallagher (UK) LLP in 2019.

Practice head(s):

David Higgins; Matthew Elliott

Key clients

Apax

BC Partners

Blackstone

Bain Capital Private Equity

EQT

GIC

GLP

TDR Capital

TPG

Triton

Vista Equity Partners

Warburg Pincus

Work highlights

  • Advised Blackstone, CPPIB and Kirkbi on the recommended £4.77bn cash offer for Merlin Entertainments.
  • Advised Apax, Warburg Pincus, CPPIB and OTPP on the recommended $3.4bn take private of Inmarsat.
  • Advised an EQT-led consortium on the CHF10.2bn acquisition of Galderma (Nestlé Skin Health).

Clifford Chance LLP

Clifford Chance LLP's longstanding links with a number of well-known buyout houses and funds enable it to continue securing roles on high profile mandates. The magic circle firm advises across all areas of PE transactions from buyouts, exits and public-to-private mandates to growth capital and emerging markets investments and secondaries matters.  The firm's broad expertise mean it is also able to advise clients on other related areas, such as debt finance.  Jonny Myers heads up the global PE team, and is highly experienced in the space, advising major relationship clients such as CVC, Cinven, and BC Partners. Spencer Baylin works with funds and corporates on strategic transactions, and has a particular focus on the African market. Simon Tinkler led on one of the largest take-privates of recent years, the acquisition of Merlin Entertainments.  Christopher Sullivan meanwhile advises on cross-border transactions, GP-led secondaries, and management equity deals.

Practice head(s):

Jonny Myers

Testimonials

‘They completely understood our strategic objectives and were able to negotiate and guide us through the deal with clarity and confidence. They were a pleasure to work with’

‘Simon Tinkler  is always available and understands our business and key objectives’

‘Shimin Lee delivered 100% and is extremely hard working’ 

Well informed about the flow of business and the legal consequences. As such, they can act as more than  mere transaction counsel in their thoughtful assessments’

Key clients

Actis

Blackstone

CDC

CD&R

Cinven

CVC Capital Partners

EQT

KKR

Partners Group

Permira

Work highlights

  • Advised Blackstone and Kirkbi on the £1.1bn sale of Armacell.
  • Advised Kirkbi on the $7.6bn take private of Merlin Entertainment.
  • Advised Partners Group on the acquisition of 100% of CapeOmega.

Latham & Watkins

Latham & Watkins is able to demonstrate a strong client list and consistent involvement in bulge-bracket private equity transactions, increasing its work from major PE houses such as KKR and Silver Lake in recent years. With a sizeable team of partners led by Kem Ihenacho and David Walker, who are well-established figures in the market, the team works across a number of sectors including  infrastructure, real estate and sports, with co-operation between the London and US offices allowing for seamless coverage on cross-border transactions. Other key names in the practice include  Mike Bond,  Tom Evans , who is particularly active in the tech sector,  Linzi Thomas and Farah O’Brien , who works closely with funds, portfolio companies, and major corporates, with a particular focus on carve-outs.

Practice head(s):

Kem Ihenacho; David Walker

Key clients

Astorg Partners

BC Partners

Blackstone

British Colombia Investment Management Corporation

Brookfield

Canada Pension Plan Investment Board

Cinven

CPDQ

CVC Capital Partners

EQT

Equistone

GIC

Global Infrastructure Partners

Goldman Sachs PIA

Helios Investment Partners

Hellman & Friedman

KKR

KSL Capital Partners

Leonard Green & Partners

OMERS Infrastructure

Onex Corporation

Permira

Platinum Equity

Preservation Capital Partners

Silver Lake Partners

TA Associates

The Carlyle Group

Triton

Work highlights

  • Advised a consortium of investors led by Cinven Partners and Astorg Partners on the acquisition of LGC Group.
  • Advising Goldman Sachs PIA on its £320m acquisition of a majority stake in UK-based insurance brokerage firm Aston Lark from Bowmark Capital.
  • Advised KKR on its acquisition of Prometic Bioseparations.

Simpson Thacher & Bartlett LLP

Simpson Thacher & Bartlett LLP has an impressive client list acting for major US-based funds including Blackstone, KKR, and Silver Lake in a number of high-value transactions on both the buy and sell-side. The London team works closely with the firm's private funds and regulatory practices to fully service deals, as well as uniting with its market-leading US private equity team on transatlantic matters. Key names include Derek BairdAmy Mahon, Adam Signy and Wheatley McNamaraBen Spiers is noted for his leading role advising Refinitiv and BC Partners in major transactions, while Clare Gaskell works closely with names including KKR, Blackrock, and other bulge bracket funds. The team was boosted in summer 2020 with the hire of Gibson, Dunn & Crutcher European PE head James Howe, who has a track record of work for private equity sponsors on high-profile transactions.

Key clients

Apax Partners

BC Partners

The Blackstone Group

Blackstone Real Estate Partners

Bridgepoint

Charterhouse Capital Partners

EQT

Kohlberg Kravis Roberts & Co

Melrose Industries PLC

Oakley Capital Partners

Silver Lake Partners

Vista Equity Partners

Work highlights

  • Advised KKR and BlackRock on their pipeline infrastructure deal with the Abu Dhabi National Oil Company for approximately $4bn.
  • Advised BC Partners on Blackstone Alternative Asset Management’s acquisition of a passive, minority investment in BC Partners.

Weil, Gotshal & Manges (London) LLP

Weil, Gotshal & Manges (London) LLP 'knows the industry inside out' and is well-positioned at the top of the market, winning new relationships as well as continuing to advise longstanding clients  such as Advent International. The London team advises on a range of high-value and cross-border buyouts, take-privates, carve-outs, investments, and exits across Europe and the US. It has also been increasing its work with infrastructure funds, an area in which James MacArthur leads.  Marco Compagnoni continues to act prolifically in high value, market-leading deals, securing a number of new mandates. He leads the practice alongside well-regarded dealmaker Michael Francies. Jonathan Wood, who has a focus on the tech sector,  also plays an active role in the practice alongside newly-promoted partner  and 'rising star' Lewis Blakey, who is highly recommended.

Testimonials

‘This is a great team that has the highest standards. What marks it out from other firms is the laser-like focus on achieving what the client wants and needs, rather than what the law firm thinks it needs. There is a level of responsiveness that is lacking at other firms: the team really seem to care about the client and what it is trying to achieve’

‘Extremely commercial firm that knows the industry inside out. The team are some of the most intelligent individuals in the market. Very responsive’.

‘Marco Compagnoni is the undoubted star. He is quite extraordinary in uniting great knowledge and technical ability with an ability to deliver results at great speed. He can plot a course that enables a deal to complete where more conventional lawyers would fail. He is truly a counsellor and not just an executing lawyer. Go to Marco when you need the best and when the stakes are high: he will deliver when everyone else has failed’

‘Lewis Blakey is a rising star, who will quickly become a leader in his field. Extremely commercial perspective, with a mind that can consider the question from all angles’

‘Marco Compagnoni manages to make the complicated simple, and deliver quick and clear advice. He is a refreshing change to how others go about the business of legal advice’

 

Key clients

Advent International

Bain Capital

Providence Equity

Ontario Teachers

Public Sector Pension Investment Board

PAI

CVC Capital

General Atlantic

Antin Infrastructure

TCV

Lee Equity Partners

OMERS

HgCapital

Montagu Private Equity

Unitas Capital

Generation Investment Management

Caisse de dépôt et placement du Québec

Sun European Capital Partners

Clayton Dublier & Rice

CPP Investment Board

Atairos

OPTrust

Mid Europa Partners

Novalpina Capital

Accel

HLD Associés

Southeast Europe Equity Fund II

Cornell Capital

THI Investments

A&M Capital Advisors Europe

Bd-capital

Work highlights

  • Advised Bain Capital on the £3.2bn acquisition of a 60% stake in Kantar.
  • Advised Advent International on the regulatory, antitrust and financing aspects of its £4.1bn take private of Cobham.
  • Advised PAI-backed Froneri on the $4bn acquisition of Nestlé’s Ice Cream business in the US.

Allen & Overy LLP

Allen & Overy LLP works with a number of major domestic and international private equity houses,  securing a consistent flow of buyout and exit work across sectors ranging from healthcare to financial services and retail. The team regularly works alongside A&O's  finance and capital markets practices to provide a full range of transactional support.  Stephen Lloyd leads the team and is  recognised for his strong transactional record advising PE houses, sovereign wealth funds, and other sponsors. Karan Dinamani works with key relationship clients on cross-border transactions and investments, while newly-promoted partner Peter Banks has a growing market presence internationally.

Practice head(s):

Stephen Lloyd

Other key lawyers:

Karan Dinamani; Peter Banks

Testimonials

‘Karan Dinamani  is responsive 24/7, always on top of all the topics, with the perfect mindset that balances legal aspects and business aspects’

Responsive and focused on my needs as a client’ 

‘Peter Banks is  commercial, experienced and pragmatic. He seeks solutions, not disputes and protects clients’ interests.’

‘A fantastic team to work with!’

 

Key clients

Bridgepoint

AIMCo

Apax Partners

Ardian

Blackstone

Charterhouse Capital Partners

Exponent Private Equity

PAI Partners

HIG Capital

OMERS Private Equity

Work highlights

  • Advised Bridgepoint’s $5.8bn buyout fund on its acquisition of Qualitest.
  • Advising Ardian’s London buyout team on its acquisition of the Audiotonix Group.
  • Advising Charterhouse Capital Partners on all aspects of its recommended public to private acquisition of Tarsus Group.

Dickson Minto WS

Corporate boutique Dickson Minto WS  advises a number of major domestic and international buyout houses on mandates  ranging from buyouts to investments, and high-value disposals. Alongside  its transactional support strength for corporate and commercial M&A, the firm is  also able to offer regulatory, tax, and fund structuring expertise alongside transactional advice, closing deals in a variety of jurisdictions, industries, and asset classes. Highly experienced senior partner Alastair Dickson leads the practice, while Jordan Simpson is highly recommended for his work on complex transactions and relationships with major PE clients.

Practice head(s):

Alistair Dickson

Other key lawyers:

Jordan Simpson

Linklaters LLP

Linklaters LLP 's City PE team has close ties with a number of major names in the sector including Cerberus, Permira, and Morgan Stanley Infrastructure, advising across a range of work including buyouts, exits and take-privates, as well as carve-outs. The firm's extensive international network means it is able to work efficiently on cross border deals and it is also able to offer clients expertise in sectors  such as energy, infrastructure, healthcare, financial services, and real estate. The popular and well-regarded Alex Woodward leads the team, and has played a key role in major transactions for a number of key clients.   Ben Rodham continues to lead on work for several high-profile European and US private equity houses, while Will Aitken-Davies is highly praised by clients for his transactional and strategic advice. Chris Boycott is recommended as an up-and-coming partner with cross-border expertise and a developing list of major clients.  Emily Cuzner has moved to an in-house position.

Practice head(s):

Alex Woodward

Key clients

Advent International Corporation

Hg

Permira

Carlyle Group

Centerbridge Partners Europe

Hellman & Friedman

Cerberus

TDR Capital

Morgan Stanley Infrastructure

Apax

I Squared Capital

Jacobs Holdings

Montagu Private Equity

Digital Colony Partners

Oaktree

BC Partners

Ardian

PSP

CDPQ

Triton

Work highlights

  • Advised Advent International Corporation on its  £4bn recommended cash offer for Cobham.
  • Advised Carlyle on the acquisition of a significant minority stake in Compañía Española de Petróleos, SAU from Mubadala Investment Company, valuing the company at $12bn.
  • Advised Centerbridge Partners on its leveraged buy-out of Solidus Solutions from Aurelius Equity Opportunities for €330m.

Skadden, Arps, Slate, Meagher & Flom (UK) LLP

Skadden, Arps, Slate, Meagher & Flom (UK) LLP's London team, which is led by Richard Youle, works with a number of major buyout houses. Its client list includes high-profile US names such as Silver Lake, Permira, and Blackstone, with the team also adding new clients such as I Squared Capital to its portfolio during 2019. Matters include a variety of high-value buyouts, investments, and portfolio company M&A deals in sectors such as technology, retail, and media, with the team able to leverage the firm's global platform to complete complex cross-border transactions. Katja Butler is the other name to note in the practice and advised on the high-profile retail sector acquisition of EAT by JAB Holdings in 2019.

Practice head(s):

Richard Youle

Other key lawyers:

Katja Butler

Testimonials

‘Super responsive, commercial, technically extremely strong’

‘They always get it right – they are customer focused, highly talented, experts in their field’

‘Best legal team I’ve worked with on M&A transactions. The team is thorough, communicates well and solves problems. Most problems are sorted before I even know about them. I trust this team’

‘Rich Youle and Katja Butler are fantastic’

 

Key clients

Hg

Castik Capital

Montagu Private Equity

JAB Holding

I Squared Capital

Calera Capital

Letter One Holdings

Permira

Silver Lake

Blackstone

Work highlights

  • Advised Hg on Hg Saturn Fund’s €640m acquisition of an additional stake in Visma AS from Cinven Limited.
  • Advised Pret A Manger, a portfolio company of JAB Holding Company, on its acquisition of EAT Limited.
  • Advising Castik Capital on the sale of a 25% stake in its portfolio company Waterlogic Holdings Limited to British Columbia Investment Management Corporation.

Travers Smith LLP

Travers Smith LLP has a growing practice advising on high value transactions for clients such as Arlington Capital Partners and Exact Group on top of its longstanding strength in the mid-market, where it works with buyout houses including Bridgepoint, 3i, and TA Associates. Alongside its cross-border buyout work, the practice also offers a bespoke management advice team, working with major target corporates. Practice head Ian Shawyer works with institutional investors and target companies, while Lucie Cawood has strong cross-border capabilities. Adam Orr works on a variety of transactions alongside heading up the management advisory team.

Practice head(s):

Ian Shawyer

Other key lawyers:

Lucie Cawood; Adam Orr

Key clients

3i Group

August Equity

Arlington Capital Partners

Bridgepoint

Equistone Partners Europe

Exponent

Management team of Exact Group

Horizon Capital

ICG

Inflexion

Kester Capital

Livingbridge

Marlin Equity Partners

Phoenix Equity Partners

Silverfleet Capital

TA Associates

The Access Group

The Carlyle Group

Work highlights

  • Advised Bridgepoint and other selling shareholders on the sale of Estera to Inflexion-backed Ocorian. Lead counsel on the sale and co-ordinated legal advice to the sellers from ten overseas jurisdictions.
  • Advised 3i Group on the sale of its investment in Aspen Pumps Group to Inflexion Private Equity.
  • Advised Marlin Equity Partners and other selling shareholders, on the sale of a majority stake in QualiTest to Bridgepoint.

White & Case LLP

White & Case LLP leverages its global platform, advising on deals across the UK, US, Middle East, and Europe for a number of major private equity sponsors such as Nordic Capital, EQT, and Bluewater. Global private equity co-head Ian Bagshaw continues to work regularly on behalf of major sponsor and fund clients. Ken Barry focuses on central and eastern Europe and Africa, working with funds in both regions on acquisitions, joint ventures, and investments. Caroline Sherrell takes the lead on infrastructure investments across Europe, while John Cunningham combines infrastructure work with regular advice to global sovereign wealth investors. Other key lawyers include Lucy Bullock.

Practice head(s):

Ian Bagshaw

Key clients

CVC Portfolio Company – Alvogen Lux

Mid Europa Partners

SoftBank Vision Fund

Blue Water Energy

Bud Financial

GSO Partners

Goldman Sachs Special Situations Group

PPF Group

Antin Infrastructure Partners

Inflexion Private Equity Partners

Karen Millen Holdco

Allianz Capital Partners

Hellman & Friedman Portfolio Company – NETS Holding

Oaktree Capital Management

Columbia Threadneedle European Infrastructure Fund

Basalt Infrastructure Partners

Work highlights

  • Advised Alvogen, a global generic pharmaceuticals business, on the sale of its CEE Business to Zentiva.
  • Advised Mid-Europa on the sale of Bambi to Coca-Cola HBC.
  • Advised SoftBank Vision Fund on its investment into OakNorth.

Ashurst

Ashurst advises on a wide variety of  transactions, including buyouts, investments, portfolio company M&A and exits, with notable capabilities in deal structuring and financing, growth and venture capital, and cross-border transactions. Clients include individual private investors, family offices, and institutional PE houses, including Agilitas and Brookfield Infrastucture. David Carter leads the practice, and advises on cross-border transactions for several of the firm's major clients. Braeden Donnelly is also recommended.

Practice head(s):

David Carter

Other key lawyers:

Braeden Donnelly

Key clients

Agilitas

Golden Tree/JPI Media

DIF/Aberdeen Standard

Brookfield Infrastructure

Cerberus Capital Management

Inflexion

Macquarie Infrastructure Partners/Macquarie Capital

Dalmore Capital

Intermediate Capital Group/Adelie Foods

Nomura

EmergeVest

Oakley Capital

Goldman Sachs International

Lazard & Co

MedicX Fund

The Valesco Group

Work highlights

  • Advised Agilitas on the sale of Norway-based property remediation and environmental services specialist, Recover Nordic, to EQT Partners.
  • Advised SL Capital Infrastructure II, DIF Infrastructure V Coöperatief and LPPI Infrastructure Investments on the acquisition of Elenia Lämpö Oy. from Elenia Oy.
  • Advised Brookfield Infrastructure on the acquisition of Wireless Infrastructure Group from 3i Infrastructure.

Baker McKenzie

Baker McKenzie focuses on PE transactions across a range of industries including healthcare, financial services, infrastructure, energy, and industrials. The firm's extensive global offering means it is able to comfortably advise across its key sectors.  David Allen leads the team, and advises on transactions for the likes of Bain Capital and EQT Partners. Karen Guch  is highly active on cross-border transactions, while Justin Hutchinson has led on a number of deals since his arrival from Kirkland & Ellis International LLP in 2019.

Practice head(s):

David Allen

Testimonials

‘No-nonsense and nimble’

‘David Allen is a terrific partner who can bridge the worlds of private equity and corporate M&A’

‘Particularly strong on M&A and the elements important for PE, in terms of shareholder agreements and also on the related financing.’

‘Energy, commitment, skill and judgement are all a step above other firms’

‘David Allen delivers an incredible service personally and coordinates the whole firm to deliver whatever we need’

‘Baker McKenzie provides a high quality service, globally. They interface well with our offices in London, Toronto and New York and always deliver when we need them to’

 

Key clients

Platinum Equity

Bain Capital

Macquarie

APAX

CVC

The Rohatyn Group

Fiera Capital

Investcorp

Nordic Capital

KKR

Bluegem Capital

Core Equity

OpenGate Capital

Staple Street Capital

Work highlights

  • Advised Bain Capital on multiple transactions, including its bid for the European distribution business of CRH.
  • Advised Equinix on its $1bn+ joint venture with GIC to develop and operate hyperscale data centres.
  • Advised Fiera on its acquisition of a 50% interest in Wightlink.

Debevoise & Plimpton LLP

Debevoise & Plimpton LLP advises private equity houses, pension providers, and sovereign wealth funds on investments in healthcare, insurance, natural resources, and energy. The team is integrated with its European offices and also offers emerging markets and US expertise.  David Innes leads the team, working on domestic and cross-border transactions, while US and UK-qualified Katherine Ashton specialises in alternative assets and secondaries. Former Paris office head E Raman Bet-Mansour , who splits his time between London and Paris,  has considerable experience in bulge-bracket European transactions.

Practice head(s):

David Innes

Testimonials

Very strong Secondary Private Equity capabilities, able to give best-in-class advice on structuring all type of complex secondary deals

Very competent: knowledgeable, provide good advice and are tough negotiators, as well as being  nice people to work with

Kate Ashton and Andrew Rearick are go-tos on secondary transactions. John Rife is superb on funds matters and very respected across the market. Jake Grandison is all over the detail’

 

Key clients

Clayton Dubilier & Rice

Capital Group Private Markets

Pantheon Ventures

HarbourVest Partners

Carlyle Group

Lovell Minnick Partners

DH Private Equity

Helios Investment Partners

Work highlights

  • Advised Clayton, Dubilier & Rice on its investment in SOCOTEC Group.
  • Advised funds managed by Capital Group Private Markets, as well as other selling shareholders, in the sale of Eaton Towers to American Tower Corporation for approximately $1.85bn including assumed debt and subject to closing adjustments.
  • Advised Clayton, Dubilier & Rice in its acquisition of a controlling interest in Westbury Street.

Dechert LLP

Dechert LLP focuses on sponsor-side private equity transactions in the middle-market and upper-band space, with a large volume of deals in the European and US markets. The team has relationships with major funds including KKR, Nordic Capital, and Cerberus, and advises on buyouts in a number of focus industries, notably healthcare, technology, and financial services. The practice is led by Christopher Field, a highly experienced transactional counsel, and Ross Allardice, who works with funds and portfolio companies across the UK and Europe.

Testimonials

‘Very good combination of corporate law and financing, especially with a deep knowledge of the healthcare sector‘

‘Ross Allardice is highly reactive, always approachable, extremely client oriented‘

‘Ability to seamlessly provide cross-border (UK and US) counsel on M&A transactions that span multiple continents and legal frameworks.’

Key clients

GIC

Sun Capital

Cerberus

Nordic Capital

Mid Europa Partners

AGC Equity Partners

Stripes Group

Further Global Capital Management

One Equity Partners

Astorg

Welsh, Carson, Anderson & Stowe

Archimed

Work highlights

  • Acting as U.S. and English counsel to GIC, in its capacity as a member of the consortium consisting of funds affiliated with Blackstone, GIC and an affiliate of Canada Pension Plan Investment Board (CPPIB), together with Thomson Reuters, on their £27bn sale of the Refinitiv business to the London Stock Exchange Group.
  • Advising Cerberus Capital Management and its portfolio company Covis Pharma BV on its $730m sale to Apollo Global Management.
  • Advising AGC Equity Partners, on the sale of its holding companies, which owned 25 Canada Square, to its current major tenant, Citigroup.

Goodwin

Goodwin has been ramping up its London private equity team in recent years.  In September 2020, the firm announced the hire of a five-partner PE team from Sidley Austin LLP, led by Erik Dahl  and Christian Iwasko. The hires came after the ambitious office added James Grimwood from CMS in mid-2020 and Carl Bradshaw , from Kirkland & Ellis International LLP , in 2019. The team, led by Richard Lever, offers an integrated service across the lifecycle of private equity investments, advising clients on buyouts, portfolio M&A, and exits. The practice works closely with the firm's US offices, enabling it to act on transatlantic mandates. Gemma Roberts is noted as an up-and-coming transactional partner with a strong deal count.

Practice head(s):

Richard Lever

Key clients

Bregal Milestone

G Square Healthcare Private Equity

Graphite Capital

GTT Communications

Inflexion

Investcorp

Partners Group

Source Code, LLC

TA Associates

Webster Equity Partners

Work highlights

  • Advised Investcorp on two $1bn GP-led restructures.
  • Advised Bregal Sagemount on the sale of the entire issued share capital of OT Topco.
  • Acted for Core Bidco Limited and its institutional and management shareholders on the sale of CoreHR to Access.

Macfarlanes LLP

Macfarlanes LLP advises private equity houses in the high-cap and mid-market transactional space, and has a growing focus on management advice, secondary transactions, and credit fund lending and financing. The team works on standard buyouts, portfolio company M&A, public-to-privates, investments, and carve-outs, collaborating with well-regarded international firms on cross-border deals. Alex Edmondson leads the team, and maintains a number of key client relationships, primarily advising on sponsor-led buyouts. Former PE head Stephen Drewitt works on a number of major transactions for sponsors and management teams. Ian Martin has retired.

Practice head(s):

Alex Edmonson

Other key lawyers:

Stephen Drewitt

Key clients

Exponent Private Equity

Epiris

Glendower Capital

Caledonia

Hayfin

GHO

Charme Capital

Graphite Capital

August Equity

OpCapita

Work highlights

  • Advising Exponent Private Equity on the acquisition of KPMG’s pensions advisory practice via a competitive auction process.
  • Advising Epiris on its recommended offer for IFG Group.
  • Advised a fund managed by secondary private equity firm Glendower Capital on the acquisition of a c.40% stake in London department store Liberty, in a deal valuing the business at around £300m.

Proskauer Rose LLP

With a growing portfolio of buyout fund and institutional investor clients, Proskauer Rose LLP has been increasing its transactional volume in London, advising across buyouts, minority investments, secondaries, and high-value exits. The team has a focus in regulated sector M&A, particularly in the financial services industry, as well as the consumer, retail and leisure, business services, and sports sectors. The highly experienced Steven Davis leads the team, working prolifically with key relationship clients. Andrew Wingfield specialises in financial services industry work, while Richard Bull is also active, particularly in the technology sector.

Practice head(s):

Steven Davis

Other key lawyers:

Andrew Wingfield; Richard Bull

Testimonials

Proskauer handles a full range of corporate law matters across numerous key investments for us. It has the the depth of   legal, technical and strategic ability that works for us. The lawyers are very well respected and very responsive to our investment matters

 

Extremely responsive and always available. Knowledge of their subject area is excellent. They give very clear and succinct advice. General market knowledge is superb. Would highly recommend. Truly trusted adviser

 

Key clients

AnaCap Financial Partners

APG Real Estate

Corsair

Exponent

Deliveroo

ICG

Investcorp

Lion Capital

Motive Capital Partners

Morgan Stanley

One Peak Partners

Pollen Street

Preservation Partners

Rubicon Partners

Toscafund

Varde Partners

Work highlights

  • Advised AnaCap and other stakeholders on the sale of the heidelpay group, to KKR.
  • Advised AnaCap Financial Partners in the sale of Ellisphere to Andera Partners and Tikehau Capital.
  • Advised Corsair Capital on its acquisition of ZEDRA Group.

Ropes & Gray LLP

Ropes & Gray LLP counts a number of high profile partners in its ranks.  London managing partner Will Rosen ,  Helen Croke are all well-known in the market, while Kiran Sharma works on major deals for PE and sovereign wealth clients. The team counts Blackrock, KKR, and Nordic Capital among its client list and advises on international work including  high-value buyouts, exits, take-privates, and overseas investments, collaborating with the firm's global offices on key mandates.  Philip Sanderson has retired.

Practice head(s):

Will Rosen

Other key lawyers:

Kiran Sharma

Testimonials

‘Ropes & Gray delivers an exceptional quality of client service across the full spectrum of disciplines which are relevant to us as a specialist financial services private equity firm’

‘Ropes’ team did an excellent job at all stages of the approach and negotiation. In particular I was impressed by the way in which the M&A, financing, and capital markets teams worked well together’

‘Kiran Sharma is outstanding on many fronts. She is highly responsive, commercially minded, and also technically strong across public and private M&A’

Key clients

Silverfleet Capital Partners

Epiris

Duke Street Capital

Axcel Management

Baring Private Equity Asia

Mitsubishi UFJ Trust and Banking Corporation

TPG Capital

Nordic Capital

Bridgepoint

Avista Capital Partners

Quotient Sciences

Partners Group

Johnson & Johnson

Smedvig Capital

Centrebridge

TPG Growth

Work highlights

  • Advised Baring on its $1bn acquisition of an Israel-based company that develops minimally invasive clinical devices.
  • Advised Avista Capital Partners on the sale of Trimb to Karo Pharma.
  • Advised Partners Group on the €10.25bn sale of its minority equity stake in Action.

Willkie Farr & Gallagher (UK) LLP

Willkie Farr & Gallagher (UK) LLP has expanded its share of large-cap transactions, adding several major houses to its portfolio in London, as well as continuing to work with a number of existing clients. A crucial development for the team was the arrival of Gavin Gordon and David Arnold from Kirkland & Ellis International LLP  in mid-2019, a move that significantly bolstered the firm's capabilities in London. The practice works closely with the US and Paris-based platforms on a number of cross-border transactions of significant value, covering  a variety of industry sectors and asset types. Claire McDaid remains highly active in leveraged buyouts, investments, and carve-outs, while associate Andrew Gray is also highly recommended.

Practice head(s):

Neil Townsend; Jeffrey Poss

Testimonials

‘Technically excellent, very reactive, listen to their clients and understand their needs before giving advice.’

‘Strong private equity team with a broad range of  sector specialisation, including insurance and financial services’

‘Very responsive and always available’

‘Technical yet commercial. They think beyond what the contract says’

‘Claire McDaid is excellent’

Key clients

Actera Group

Blue Water Energy

Bregal Freshstream LLP

CapVest

FFL Partners FTV Capital

Genstar Capital

Insight Partners

PAI Partners

Searchlight Capital Partners

Work highlights

  • Represented Searchlight Capital Partners in its agreement to acquire a majority stake in Global Risk Partners.
  • Represented long-time client Insight Partners on its acquisition of Swiss cloud data management leader Veeam in a transaction valued at approximately $5bn.
  • Represented CapVest Partners Land its portfolio company Valeo Foods on its acquisition of Campbell Soup Company’s European chips business.

Cleary Gottlieb Steen & Hamilton

Cleary Gottlieb Steen & Hamilton advises international buyout house sponsor clients on a variety of transactions, with particular expertise in secondaries, co-investments, and hybrid arrangements, alongside traditional leveraged and equity buyouts. Clients also include sovereign wealth funds active in the UK, US, and emerging markets in the Middle East, Africa, and Central Asia. Mike Preston offers expertise in transactional private equity and a number of alternative investment structures. Gabriele Antonazzo joined the London office from Hong Kong in 2019, and specialises in multi-jurisdictional deals.

Other key lawyers:

Mike Preston; Gabriele Antonazzo

Key clients

TPG

Ontario Teachers’ Pension Plan

Temasek

Sixth Street Partners

Warburg Pincus

General Atlantic

Qatar Investment Authority

Silk Road Fund

Hillhouse Capital

Brookfield

SGI Frontier

Highstar Capital

The Raine Group

Schroders

Ivanhoe Cambridge

Weatherford Capital

Target Global

Work highlights

  • Advised TPG on the restructuring of the Times Education Supplement group, dividing the group into two. This restructuring was followed by the sale of Times Higher Education to Inflexion, and TES Global to Providence Equity Partners.
  • Advised Hillhouse Capital on its acquisition of The Loch Lomond Group (LLG), together with LLG’s management team, from Exponent.
  • Advised Brookfield on the purchase of certain hotel and hospitality-related assets of Hotel Leelaventure.

DLA Piper

DLA Piper is highly active in the UK PE market, advising on a consistent flow of mandates in the UK and Europe, with a particular niche in management-side advice to companies involved in £1bn+ buyouts. The team also advises major bulge-bracket and mid-market houses, as well as portfolio companies, with a variety of sector expertise including in technology, healthcare, and business services. The practice is led by Tim Wright, who specialises in high-value management buyout advice. Ed Griffiths is noted for his expertise in technology transactions and cross-border deals.

Practice head(s):

Tim Wright

Other key lawyers:

Ed Griffiths

Testimonials

‘Deep understanding of Private Equity and related markets’

‘Clear advice driven by passionate people who want the best for their clients’

‘Tim Wright is clearly a leader in his sector. Forthright, clear, bright and perceptive he is great to work with. Not at all afraid to stand his ground’

Key clients

August Equity

Beech Tree Private Equity

Coast2Coast Capital

Duke Street Capital

EMK Capital

Graphite Capital

H.I.G. European Capital Partners

Inflexion Private Equity Partners

Lloyds Development Capital

Maven Capital

Marwyn Partners

North Edge

Work highlights

  • Acted for the management team of Galderma on its secondary buyout by a consortium led by EQT, adapting to a senior management change between signing and closing.
  • Acted for the Management team of Combell Group BV on its secondary buyout by HG Capital.
  • Advised The Carlyle Group on its acquisition of a majority stake in Dept.

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP works with a number of high-profile US houses, including CVC, Francisco Partners, and Onex, advising on buyouts, portfolio company M&A, and investments. Key names in London include Dan Oates, who focuses on tech-sector transactions and investments, recently-promoted partner Simon Saitowitz, who specialises in cross-border transactions and growth capital, and Ian Lopez, who works with clients in a variety of industries, advising on transactions, joint ventures, and secondary considerations such as restructurings and financing.

Other key lawyers:

Dan Oates; Simon Saitowitz; Ian Lopez

Key clients

Francisco Partners

Jack Wills

Eagle Investments

Hitachi

HRII

Liquid Telecommunications

BlueBay

Goldman Sachs

Allocate Software

Neuberger Berman

AEA

Brookfield

Permira

Onex

BlackRock

CVC Capital Partners

Coller Capital

Work highlights

  • Advising Eagle Investments in connection with its investment in ContractPod,
  • Advising Hitachi and HRII in connection with HRII’s purchase of all of the shares in Ansaldo STS held by funds affiliated with Elliott Management Corporation.

Shearman & Sterling LLP

Shearman & Sterling LLP is active across the private equity market, advising a combination of traditional buyout and sovereign wealth funds, alternative investors, limited partners, management teams, and family offices on transactions in a range of industries and jurisdictions, particularly in Asia and the US. The team is led by Simon Burrows, who advises a variety of clients and consistently leads on major transactions, and Paul Strecker, who is qualified across England & Wales, New York, California, and Hong Kong, and who has significant cross-border expertise.

Practice head(s):

Simon Burrows; Paul Strecker

Key clients

Apse Capital

Marlin Equity Partners

AlbaCore Capital

Metric Capital

King Street Capital

CITIC Capital

Investcorp

Blue Pool Capital

The Carlyle Group

Dell Technologies

CPPIB

International Finance Corporation

Work highlights

  • Advised AlbaCore Capital on £325m of PIK financing to Stonegate in connection with the £2.9bn take-private of EI Group.
  • Advised Marlin Equity Partners and Medius on the acquisition of Wax Digital.
  • Advised Canada Pension Plan Investment Board as significant shareholder in HKBN in its acquisition of WTT HK from TPG Capital and MBK Partners.

Slaughter and May

Slaughter and May enjoys a number of long-term relationships with private equity sponsors, and works on a variety of deals, including venture capital, life cycle investments, and cross-border buyouts and exits. The team is led by Jeff Twentyman, a highly-regarded counsel for major funds such as Blackrock. The hotly-tipped Harry Bacon made partner in mid-2019.

Practice head(s):

Jeff Twentyman

Other key lawyers:

Harry Bacon

Key clients

Silver Lake

Blackstone Tactical Opportunities

Global Infrastructure Partners

Midlothian Capital Partners

Francisco Partners

Palamon Capital Partners

First Reserve

Apollo Capital Management

Corsair Capital

Pollen Street Capital

Investindustrial

Varde Partners

SoftBank Vision Fund

Kingsway Capital Partners

3i Group

Work highlights

  • Advised The Simplify Group, a portfolio company of Palamon Capital Partners, on its  combination with My Home Move and on the refinancing of the combined group.
  • Advised Blackstone’s tactical opportunities business on its strategic equity investment in a minority stake in HH Global Group.
  • Advised Newlight Partners on the sale of its controlling interest in Hyperoptic.