Acquisition finance in London

Allen & Overy LLP

The 'client friendly and responsive' team at Allen & Overy LLP provides 'very commercial' advice to borrowers and lenders on their acquisition finance needs, utilising financial products throughout the capital structure. The firm's longstanding and deeply entrenched relationships with many leading global commercial banks continue to generate a significant volume of high-value and complex sponsor and investment grade-led cross-border transactions, mandates that the firm is particularly well-positioned to advise on due to the depth of its finance practice around the world. Philip Bowden regularly advises banks on their most sophisticated acquisition finance mandates and draws on his deep well of knowledge across myriad financing products, including Term Loan B and hybrid leveraged and infrastructure finance techniques. Telecoms-related financings are also a key strength for Bowden, and this was recently underscored by his representation, alongside Matt Moore, of the arranger banks on the senior secured loan financings to facilitate the proposed merger of Virgin Media and O2 UK. On the borrower front, Robin Harvey has deep insight in to "what is market" within the private equity space and continues to handle a raft of mandates sourcing debt from the private credit and commercial bank space, including for Charterhouse Capital Partners and HG Capital. Denise Gibson  and Nicholas Clark  co-head the global leveraged finance offering which was recently strengthened by the arrival in May 2021 of Annette Kurdian  and Robert Burt  from Linklaters LLP. Their recruitment followed a number of departures, with former leveraged finance head Jonathan Brownson  and high yield specialist Jake Keaveny quitting for Cahill Gordon & Reindel LLP in summer 2020,  with junior leveraged finance partner Joydeep Choudhuri following a few months later. Despite the exits, the team remains strong.

Practice head(s):

Denise Gibson; Nicholas Clark

Other key lawyers:

Robin Harvey; Philip Bowden; Simon Roberts; David Campbell; Annette Kurdian; Robert Burt; Greg Brown; Melissa Samuel; Cathy Bell-Walker; James Graham; Neil Sinha; Vanessa Xu; Matt Moore; Darren Hanwell; Jane Glancy

Testimonials

The most attentive and detail orientated partners I have ever worked with. They always put clients first.’

Communication, speed of delivery, proactiveness and knowledge of the market.’

The client-friendly and repsonsive team provides very commercial advice.’

‘Neil Sinha and Adam Zecharia – both excellent – stay across the detail, great market knowledge and very practical advice.’

‘Communication, speed of delivery, proactiveness, knowledge of the market’

Key clients

Bridgepoint

PAI Partners

HG Capital

H.I.G Capital

Providence Equity Partners/ Providence Strategic Growth

CVC Capital Partners

Charterhouse Capital Partners

Ardian

Exponent Private Equity

OMERS Private Equity

Work highlights

  • Advised the mandated lead arrangers on the term loan financing to be provided in connection with the proposed acquisition (by way of scheme of arrangement) by Coca-Cola European Partners Plc of Coca-Cola Amatil Limited.
  • Advised the mandated lead arrangers on the senior secured loan financings in respect of the proposed merger of Virgin Media and O2 UK.
  • Advised the lenders of a €825m holdco PIK notes financing to support the acquisition/ recapitalisation of Hg’s majority stake in Visma, a Norwegian business software and IT development group.

Clifford Chance LLP

Benefiting from an 'impressive depth of quality and expertise', both in  London and across its extensive array of international offices, Clifford Chance LLP excels in handling large cap cross-border acquisition finance mandates for a balanced mix of banks, financial sponsors and corporates. The breadth of client base and impressive deal flow ensures that the firm has 'good knowledge of the market and of the latest market developments', enabling it to provide often highly bespoke debt financing arrangements for its roster of clients. James Boswell  combines an 'excellent understanding of infrastructure finance', with a broader overarching leveraged finance sensibility, to produce 'creative solutions' on mandates at the intersection of infrastructure and leveraged finance. 'The extremely sharp' Emma Folds has a strong reputation among many leading banks, which are appreciative of her 'complete command of all of the detail and commercial considerations' on both sponsor-led leveraged, as well as investment grade-driven acquisition financings. The very experienced Charles Cochrane is also extremely well-regarded by banking clients and co-heads the overarching banking and finance team alongside the 'trustworthy' Taner Hassan, whose exclusively private equity sponsor-focused client base benefit from his ability to robustly protect their interests across an array of new money deals and Covid-related refinancings (portfolio management) throughout Europe, in particular. Regional managing partner Michael Bates still maintains a fairly active practice, particularly in the context of infrastructure finance, while at a more junior partner level, David Robson  has a flourishing practice advising lenders and debt advisers for public bid financing and leveraged M&A financing. Senior associate Julia House  is also recommended.

Practice head(s):

Charles Cochrane; Taner Hassan

Other key lawyers:

Michael Bates; James Boswell; Peter Dahlen; Emma Folds; Jim MacHale; David Robson; Nick Kinnersley; Thomas Critchley; Alexandra Dimsdale-Gill; Julia House

Testimonials

‘The firm has good knowledge of the market and of the latest market developments.’

I was extremely impressed by the depth of quality and expertise that the firm has.’

Taner Hassan is one of the most trustworthy lawyers out there.’

James Boswell’s excellent understanding of infrastructure finance enables him to propose creative solutions time and again, thereby minimizing time the transaction team has to spend on financing.’

Emma Folds is extremely sharp and in complete command of all of the detail and commercial considerations of complex legal considerations.’

Key clients

Cinven

Macquarie

HSBC

Maersk

Apera Capital

BAML

Morgan Stanley

NatWest

EQT

Telefonica

Work highlights

  • Advising the mandated lead arrangers in relation to the financing supporting the £6.8m acquisition of ASDA by TDR Capital and the Issa brothers.
  • Advising Telefonica on the financing supporting the £31bn merger of Telefonica’s subsidiary O2 with Liberty Global’s Virgin Media.
  • Advising Synlab (created by Cinven) on a €850m hybrid refinancing, with an innovative high yield note to term loan B conversion.

Kirkland & Ellis International LLP

Benefiting from 'outstanding quality across the board and creative thinking across multiple disciplines', Kirkland & Ellis International LLP is able to 'tackle very complex processes' for its huge roster of private equity sponsor clients, including Cinven, Advent International and Blackstone. Because of the firm's focused approach to servicing only one segment of the market, it is able to really push the envelope on sponsors' financing needs, unencumbered by lender side relationships. Co-headed by seasoned practitioners Neel Sachdev and Stephen Lucas, the team 'has an excellent perspective on the market and what is market' by virtue of its dominance in the private equity space across deal size, geographies and UK and US-governed debt products. Christopher Shield excels in handling big-ticket multi-jurisdcitional financings for sponsors and is well-versed across the myriad of financing products throughout the capital structure. Other recommended practitioners include Michael Steele, whose leveraged financing offering frequently involves real estate assets; Kirsteen Nicol , who has a strong following among numerous large cap and mid-market European and US sponsors; and the 'thoughtful and considered' Daniel Borg , who exhibits 'the right balance of being aggressive on terms while remaining  commercial'. 

Practice head(s):

Neel Sachdev; Stephen Lucas

Other key lawyers:

Chris Shield; Kirsteen Nicol; Evgeny Zborovsky; Daniel Borg; Michael Steele

Testimonials

Outstanding quality across the board, joined up and creative thinking across multiple disciplines.’

Will fight tooth and nail, pushing the boundaries and breaking new ground while maintaining a very commercial approach and keeping the “deal train” on track.’

Have an excellent perspective on the market and what is market. Huge horsepower in the firm to tackle very complex and time constrained processes – Kirkland both outwork and out-think the competition.’

They understand the different dimensions of a deal issue and provide a clarity around the whole acquisition finance process.’

Neel Sachdev and Stephen Lucas are excellent.’

Dan Borg is very thoughtful and considered – breaks down complex issues and cuts through to the important risk and commercial items. He displays the right balance of being aggressive on terms while remaining  commercial’.

Key clients

Advent International

Accel-KKR

Apax Partners

Bain Capital Private Equity

BC Partners

Blackstone Capital Partners

CapVest

Centerbridge Partners

Cinven

CPP Investment Board

Francisco Partners

Hg

Hellman & Friedman

H.I.G Capital

HGGC

Investindustrial

Lone Star Funds

Madison Dearborn Partners

Partners Group

Searchlight Capital

Starwood Capital Group Global

Strategic Value Partners

The Carlyle Group

TA Associates

Thomas H Lee Partners

Triton

Thoma Bravo

Warburg Pincus

Work highlights

  • Advised the bidding consortium led by Advent International and Cinven on the €17.2bn acquisition of the thyssenkrupp’s Elevator Technology business.
  • Advised the Warburg Pincus-backed company Allied Universal on the financing for a recommended £3.8bn cash offer for G4S.
  • Advised The Ardonagh Group, Madison Dearborn Partners and HPS Investment Partners, in connection with the largest ever unitranche based acquisition financing transaction globally.

Latham & Watkins

Leveraging huge bench strength in London on both the bank and bond side, as well as across across other key financial centres, including New York, Latham & Watkins is extremely well-positioned to provide ‘solutions-oriented‘ advice to myriad lender and borrower clients across their acquisition/leveraged finance needs. ‘Commercial and responsive‘ team head Mohamed Nurmohamed has an excellent following among banks and , alongside the ‘very deal awareStephen Kensell, recently advised the lenders to a private equity consortium on high-profile bank and bond financing to facilitate the €17.2bn acquisition of ThyssenKrupp’s Elevator Technology business. Acclaimed by one client as ‘one of the stars of the modern legal world‘, Sam Hamilton continues to drive much of the firm’s borrower work, in large part due to his work for key private equity sponsor Nordic Capital on its debt finance requirements. The ‘relentlessly hardworking and terrifically smartJayanthi Sadanandan is also a pivotal presence for many borrower clients on their cross-border acquisition finance mandates and has been central to the firm’s recognition in the market as having a ‘world-class sponsor-side finance offering’. Other recommended practitioners include Dominic Newcomb, who ‘is possessed of a gargantuan level of market knowledge’, which he deploys to good effect on behalf of borrowers and lenders; Ross Anderson, who has a very robust lender side practice; Angel Quek , for her sponsor side financing work; and associate Joseph Kimberling , for his cross-border acquisition finance prowess.

Practice head(s):

Mohamed Nurmohamed

Other key lawyers:

Stephen Kensell; Jayanthi Sadanandan; Dominic Newcomb; Sam Hamilton; Ross Anderson; Ross Pooley; Dan Maze; Angel Quek; Karan Chopra; Manoj Bhundia; Fergus O’Domhnaill; Joseph Kimberling; Hendrik Smit; Robert Davidson

Testimonials

Very broad bench. Market leading knowledge. Great deal awareness and solution-oriented.’

Easy to work with and clearly experienced in the leveraged finance market.’

Great team, depth of bench, expertise across multiple jurisdictions and fields. A one-stop-shop for top quality legal advice.’

They have world-class sponsor-side finance and world-class bond teams.’

Intelligent, proactive, hard working and extremely reliable.’

Sam Hamilton is one of the stars of the modern legal world.’

Jayanthi Sadanandan is relentlessly hard-working and terrifically smart.’

Dominic Newcomb is possessed of a gargantuan level of market knowledge.’

Key clients

Nordic Capital

Permira

CVC

EQT

Brookfield

Platinum Equity

Blackstone

Ardian

Cinven

Hellman & Friedman

Work highlights

  • Advised lenders to the consortium of Advent, Cinven, and RAG Foundation on the bank and bond financing for their acquisition of ThyssenKrupp’s Elevator Technology business.
  • Advised the Issa brothers, founders and co-CEOs of EG Group, and TDR Capital LLP, a leading UK-based private equity firm, on the financing for the acquisition of Asda Group Limited (Asda), Walmart Inc.’s (Walmart) wholly-owned UK business, for an enterprise value of £6.8bn, on a debt-free and cash-free basis.
  • Advised arrangers in relation to the €1.75bn senior credit facilities, concurrent with an offering of €1.06bn senior secured notes, in connection with Adevinta ASA’s acquisition of the eBay Classifieds Group form eBay, Inc.

Linklaters LLP

Notwithstanding the departures of Annette Kurdian  and Robert Burt  to Allen & Overy LLP in May 2021 and the retirement of former head of leveraged finance Adam Freeman, Linklaters LLP ‘s strong practice  remains well-positioned to service its impressive roster of borrower and lender clients. The practice remains large both in London and globally and is strong at all levels due to effective succession planning. It also added well-regarded sponsor-focused debt finance lawyer David Irvine  from  Kirkland & Ellis‘ Hong Kong office, who now co-heads the leveraged finance team alongside Oliver Sceales, who himself boasts exceptional private equity credentials, including on behalf of core sponsor clients Carlyle Group and Hg. Praised for his ‘deep knowledge of precedent and solutions-oriented approach‘, Edward Aldred is a popular choice among sponsors, including on deals involving complex interplay between loans and high yield products. On the bank side, the vastly experienced Nick Syson is adept at handling large-cap cross-border syndicated leveraged finance mandates and has experience with cutting-edge financing products, including cov-lite Term Loan B facilities. The ‘superb and user-friendlyChris Medley is also a common denominator to many of the firm’s most complex bank side, sponsor-backed European leveraged finance mandates and has been ably assisted on several of these by ‘user-friendly, pragmatic and commercial‘ managing associate Rohan Saha. Philip Spittal is global co-head of banking and as part of his broad syndicated finance expertise, regularly handles event-driven acquisition finance mandates for lenders and borrowers.

Practice head(s):

Philip Spittal (Global Co-head of Banking); David Irvine (Co-head of Leveraged Finance); Oliver Sceales (Co-head of Leveraged Finance)

Other key lawyers:

Nick Syson; Edward Aldred; Daniel Gendron; Thomas Waller; Chris Medley; Dan Peach; Danielle Wilson; Lizanne Blair; Max Macklin; Tarini Wettimuny

Testimonials

It is a great team, all rowing in the one direction and very commercial.’

Edward Aldred brought a high level of energy and solution-oriented approach to our acquisition financing project. Based on his deep knowledge of precedent, he was able to obtain significant incremental financing flexibility for us.’

Chris Medley is superb and user-friendly.’

Rohan Saha is user-friendly, pragmatic and commercial.

Key clients

The Carlyle Group

Hg

Digital Colony Partners

Warburg Pincus

TowerBrook Capital Partners

PAI Partners SAS

CVC

Goldman PE

Brookfield

Bridgepoint

Credit Suisse

JP Morgan

Citibank

Work highlights

  • Advised The Carlyle Group on the private debt financing for its majority acquisition of the Acrotec Groupe.
  • Advised Hg on the financing on its acquisition of Gen II Fund Services, a leading pure-play provider of alternative asset fund administrative services.
  • Advised Hg on the financing of its acquisition of the Septeo Group.

Weil, Gotshal & Manges (London) LLP

The 'small but effectivenine-partner banking team at Weil, Gotshal & Manges (London) LLP has a well hedged client base, advising creditors and debtors across the key debt financing products through the capital structure. Tom Richards has done a 'fantastic job' of developing the firm's borrower side offering, including for high-profile sponsors such as Advent and Bain Capital, which are appreciative of his conversance with the full array of financial products, including bank/bond financings on big-ticket multi-jurisdictional mandates. Appreciated for his 'technical skills and can-do-attitude', Chris McLaughlin  has a more balanced practice, which as well as private equity work also encompasses a growing amount of work for the private credit funds, increasingly dominating the European mid-market lender space. Paul Stewart is also effective at advising private credit funds on their lending activity and is a key member of a team that also includes Reena Gogna , whose lender practice encompasses private credit funds and traditional commercial/investment banks, and the 'extremely hardworking' Paul Hibbert , who has been instrumental in leading the development of the infrastructure finance practice at the firm.

Practice head(s):

Chris McLaughlin; Tom Richards; Reena Gogna; Paul Stewart

Other key lawyers:

Paul Hibbert; James Clarke; Alastair McVeigh

Testimonials

Weil have a small but effective team. They are good at both sponsor and lender work.’

Tom Richards has done a fantastic job at building up the office’s sponsor-side credentials.’

We use Chris McLaughlin for many deals and are impressed with his technical skills and can do attitude.’

Paul Hibbert is extremely hard working and excellent at getting the deal over the line.’

Key clients

Advent

Bain

Permira

Antin

Novalpina

CVC

Goldman Sachs

Montagu

Oaktree

Towerbrook

Credit Suisse

Bank of America Merrill Lynch

Morgan Stanley

Blackrock

Ares

ING

KKR

OMERS

PSPIB

Work highlights

  • Advising Advent International, in relation to the senior and second lien facilities and preference share issuance, in each case, incurred in connection with its acquisition of Cobham plc for approximately £4bn.  
  • Advised the lenders and underwriters on over €6.5bn of financings for Hellman & Friedman portfolio company Verisure, the European personal alarm business.
  • Representing JP Morgan and the other lenders on TeamSystem’s entry into a €1,580m bridge facilities agreement comprising a €180m super senior revolving credit facility, €1,100m senior secured bridge facility and €300m senior bridge facility, and related intercreditor arrangements.

Milbank

Led by Suhrud Mehta, Milbank's four-partner team is particularly adept at advising high-profile banking clients, including  Bank of America and Goldman Sachs, on high-value and sophisticated cross-border mandates requiring a cohesive offering on both the European and US loans and high yield front.  Alexandra Grant and Sarbajeet Nag  continue to impress, regularly playing a pivotal part on many of the firm's most significant leveraged finance mandates; including their work, alongside Mehta, for lead arrangers on Lone Star Fund’s €3.17bn acquisition of BASF’s chemical construction business (the largest German deal in the European leveraged finance market). Although the firm's credentials are stronger on the lender side it also regularly picks up work for large corporates and major private equity sponsor clients.

Practice head(s):

Suhrud Mehta

Other key lawyers:

Timothy Peterson; Alexandra Grant; Sarbajeet Nag; Miko Bradford

Testimonials

The Milbank team is across numerous deals in the market. Their advice is always very commercial, well considered and they have a good ability to focus on the points that matter for their clients without wasting time on issues with less impact or value to the clients.’

Miko Bradford and Alexandra Grant are very calm and friendly people to work with. Their advice truly is trusted both on positions in the market but also on their views of valuable and winnable points to negotiate.’

Key clients

Goldman Sachs

Bank of America

Barclays

UBS

BNP Paribas

Citigroup

Crédit Agricole

Wind Hellas Telecommunications S.A.

PSP Investments

Oaktree

RBC Capital Markets

HSBC Bank plc

KKR Capital Markets Limited

Nomura International Plc

UniCredit Bank AG

Credit Suisse

Work highlights

  • Advised the lead arrangers on Lone Star Fund’s €3.17bn acquisition of BASF’s Chemical Construction Business – the largest German deal in the European leveraged finance market.
  • Advised the lead arrangers on Bain’s $2.74bn take-private of Ahlstrom.
  • Advised Wind Hellas, one of the leading telecommunications service providers in Greece, on the financing-related aspects of the combination of its tower infrastructure assets with those of Vodafone Europe B.V. to create the largest tower infrastructure company in Greece.

Simpson Thacher & Bartlett LLP

Simpson Thacher & Bartlett LLP provides 'high calibre' advice to a predominantly borrower-focused client base that includes a number of the most prolific financial sponsor clients in the market, including KKR and Apax Partners. Team head Ian Barratt is frequently at the forefront of much of this sponsor-led work. While she is also heavily borrower-focused, Sinead O’Shea's roster of work is more eclectic, including providing advice to investment grade corporates and infrastructure-focused sponsor clients on general lending activity, as well as in the context of their acquisition finance activity. As a dual UK and US-qualified partner, O'Shea's offering is also emblematic of the firm's overarching ability to provide a flexible approach to financing and the ability to utilise both UK and New York-law goverened financial products. Shahpur Kabraji is also recommended.

Practice head(s):

Ian Barratt

Other key lawyers:

Sinead O’Shea; Shahpur Kabraji

Testimonials

The firm provides high calibre advice.’

Key clients

Apax Partners

Aston Martin

Bank of America Merrill Lynch

The Blackstone Group

Blackstone Real Estate Partners

Bruin Sports Capital

Cinven

Cirsa Gaming

Credit Suisse

EQT

Goldman Sachs Merchant Banking Division

Intertrust

J.P. Morgan

Kohlberg Kravis Roberts & Co.

Limerston Capital

MasMovil

Melrose Industries Plc

Silver Lake Partners

TDP Capital

Trainline

Work highlights

  • Advised KKR on the financing for its $4.3bn acquisition of Coty Professional Beauty.
  • Advised a consortium of Cinven, KKR and Providence on the financing for its public takeover of Spanish telecommunications operator MasMovil Ibercom.
  • Advised KKR Infrastructure on the financing for its £4.2bn acquisition of Viridor Limited from Pennon Group Plc.

White & Case LLP

Combining ‘senior, experienced legal advice you would expect from a large firm with the more relationship based, personal service you would get from a regional or niche practice’, White & Case LLP provides very effective advice to lenders and borrowers on the financing requirements associated with event-driven and leveraged acquisitions. Able to tap into wide-ranging resources across the firm’s extensive international footprint, the team’s particular sweet-spot lies in its ability to advise on multi-jurisdictional mandates (including within the emerging markets), often involving complex inter-creditor arrangements. Jeremy Duffy, who is appreciated for his ability and willingness to ‘think about issues rather than rolling out standard solutions for all‘, has an excellent reputation among many leading global investment banks on acquisition finance deals throughout EMEA. The firm also has excellent visibility in the private credit fund market, due in no small part to the efforts of Gareth Eagles and the strong relationships which he has developed with some of its most active participants, including Blackstone Credit (the successor to GSO Capital Partners). Colin Harley also has strong relationships within the private capital space, acting for financial sponsors as borrowers on their leveraged finance mandates, as well as for credit funds on the lending front.

Practice head(s):

Colin Harley (EMEA Head of Banking); Jeremy Duffy (EMEA Head of Bank Lending); Gareth Eagles (Global Head of Direct Lending)

Other key lawyers:

Christopher Czarnocki; Martin Forbes; Fergus Wheeler; Emma Foster; Richard Lloyd; Shane McDonald; Shameer Shah; James Hardy; Nicola Chapman; Man Hay Yip; Paul Yin

Testimonials

It is genuinely partner-led, not simply a marketing claim.’

The firm combines senior, experienced legal advice you would expect from a large firm, with the more relationship based, personal service you would get from a regional or niche practice.’

Jeremy Duffy is genuinely nice and thinks about issues rather than rolling out standard solutions for all.’

Richard Lloyd is a nice guy who is available and willing to think through issues and propose alternatives rather than simply rejecting ideas/comments without consideration.’

Key clients

Ahlstrom-Munksjo Oyj

Alvogen

Apollo

Barclays Bank

BC Partners

Blackstone Alternative Credit Advisors LP (formerly known as GSO Capital Partners)

Blue Water Energy LLP

BNP Paribas

Bridgepoint

Cabot Credit Management

Castik Capital

Credit Suisse

CVC

Deutsche Bank

Diaverum

Encore Capital

Fat Face

Goldman Sachs

HPS

Inflexion Private Equity Partners

Jefferies

JPMorgan

Mehiläinen Oy

Natixis

Nordea Bank

Oatly

Play

Royal Bank of Canada

SEB

Société Générale

Swissport

Work highlights

  • Advised Blackstone Credit on a three tier-financing package to support Advent International’s approximately £4bn acquisition of leading global technology and services innovator, Cobham Plc.
  • Advised BC Partners and SOFIMA on the €1.25bn high yield bond and €400m debt facilities for the acquisition of Italian publicly traded company IMA S.p.A.
  • Advised the senior lenders in connection with the provision of financing to be made available to Kersia International, an entity backed by IK Investment, for the acquisition of Kersia SAS.

Ashurst

Ashurst is particularly active in the mid-to-upper mid market, as a result of its deeply rooted clearing bank ties, as well as its prominence within the flourishing credit fund space. The 'excellent' Helen Burton has been pivotal to the firm's success in the direct lending market and continues to represent many of its most prolific funders, including on some major unitranche facilities. As part of his wide-ranging practice, the vastly experienced Nigel Ward handles conventional leveraged transactions, as well as infrastructure-related acquisition finance matters. Martyn Rogers  heads up the firm's overarching global loans team which houses the acquisition finance group.

Practice head(s):

Martyn Rogers

Other key lawyers:

Doug Murning; Helen Burton; Nigel Ward; Ross Ollerhead; Laura Ho; Tamsin Crawford

Testimonials

Helen Burton is excellent.’

Key clients

Apollo

Arcmont Asset Management

AVEVA Group Plc

Bain Capital Credit

BlackRock

Crescent Capital Group

Davidson Kempner

HayFin

HSBC

HPS Partners

ICG

JP Morgan

Pemberton

Permira Debt Managers

RBS

RPC

Symphony Technology Group

Work highlights

  • Acted for the lead arrangers and term facility lenders in Bridgepoint’s acquisition of Fishawack Limited
  • Advised Arcmont on the £125m debt funding to facilitate Inflexion Private Equity Partners’ acquisition of the Phenna Group.
  • Advised Vedanta Resources Limited and certain other of its group companies in relation to a $1bn subscription agreement between, among others, Oaktree Opportunities (Singapore) Holdings Pte. Ltd and/or its affiliates as Agent.

Dechert LLP

Dechert LLP's 'commercial and hardworking' four-partner London team has quickly risen in prominence in the market, primarily as a result of its work for private credit funds on their leveraged finance activity. Spearheaded by very experienced practitioners David Miles and Philip Butler, the team has a 'good understanding of market best practice' and adds particular value to debt funds on complex deals involving sophisticated debt structures. While the bulk of the team's instructions are on the lender front, John Markland is well-versed at handling borrower mandates, including for private equity sponsors such as Mid Europa Partners, which he regularly advises on its leveraged finance activity throughout Europe.

Other key lawyers:

Philip Butler; John Markland; David Miles; Smridhi Gulati; Sarah Moffat; Bishoy Eskander

Testimonials

The team is highly experienced, commercial and hard working.’

‘A well informed team and plugged into the market. Advise well on complex deals.’

Even working from home, the team were joined up and communicated well throughout the engagement. They have a good understanding of market best practice in relation to banking covenants and agreements, and provided clear advice from their extensive experience on this subject.’

The very knowledgeable Smridhi Gulati is fantastic to work with and explains issues well.’ 

Philip Butler is one of the most senior experienced lawyers in the City.’

Key clients

Ares Management Limited

Baring Asset Management

CVC Credit Partners

Blackstone Credit (formerly known as GSO Capital Partners)

BlackRock

Mid Europa Partners

Endless

Further Global

Shawbrook Bank

Kartesia

Alcentra

Work highlights

  • Advised Ares Management Limited and related funds on the provision of financing to support the £1bn buyout by Inflexion Partners and Management of the DWS, Giacom and Aurora Kendrick Groups from the Daisy Group.
  • Advised Blackstone Credit (formerly GSO Capital Partners) on the £185m acquisition by GSO, TwinFocus and Markerstudy Group of the Cooperative Group’s general insurance business, including the debt and equity financing of the acquisition and the ongoing governance and business arrangements for the acquisition consortium.
  • Advised BlackRock and HSBC Bank on their provision of a first out/last out senior financing package to support Bowmark Capital’s investment in the Focus Group.

Hogan Lovells International LLP

Benefiting from longstanding core banking relationships and also at the vanguard of the flourishing European direct lending market, Hogan Lovells International LLP is seen with great regularity as lender's counsel on leveraged finance deals within the upper to mid-market, in particular. Team head Paul Mullen and Jo Robinson have been instrumental to the firm's success in the non-bank lending space and are both extremely well-versed across the principal financing products deployed by these funds, including in relation to unitranche, second lien and PIK facilities. The team's core banking ties also enable it to effectively provide advice on the accompanying super senior bank debt (often in the form of working capital facilities) which sits alongisde the principal debt provided by the funds. As part of his wide-ranging finance offering, Matthew Cottis regularly advises banks and borrowers on cross-border acquisition financing mandates. Although she has more managerial duties to attend to following her appointment to Managing Partner of the UK offices, Penny Angell remains active on the fee-earning front, including as it relates to work for borrowers and lenders on insurance-related acquisition finance mandates.

Practice head(s):

Paul Mullen

Other key lawyers:

Matthew Cottis; Penny Angell; Jo Robinson; Francis Booth

Testimonials

The team has good quality people, who are approachable and display a  commercial approach.’

Paul Mullen, Francis Booth and Penny Angell are stand-out partners to me. All always available and helpful, strong technical abilities.’

Key clients

HSBC

Ares Management

BNP Paribas

Société Générale

Intermediate Capital Group

Five Arrows

Standard Chartered Bank

Tikehau Investment Managers

Park Square

Pemberton Asset Management

Work highlights

  • Advising Ares Management on the financing of the £1.1bn take-private of TalkTalk.
  • Advising Tikehau Investment Management on the financing of IK Investment Partners’ acquisition of pet food producer Forthglade.
  • Advising SMBC and Park Square on the financing of Inflexion’s acquisition of the Aspen Pumps Group.

Paul Hastings LLP

Spearheaded on the loan front by the ‘superbLuke McDougall and on the capital markets side by Peter SchwartzPaul Hastings LLP is able to provide an integrated UK/US bank and bond offering to a growing lender client base on big-ticket cross-border deals using complex debt arrangements throughout the capital structure. Although the majority of work handled by the team comes from major commercial/investment banks, it is also picking up a not inconsiderable number of instructions from private credit funds, an area in which the ‘highly responsive’ Richard Kitchen has particular strength. Peter Hayes, who joined the firm in August 2020 from Shearman & Sterling LLP, is also an excellent addition to the team, in light of his dual UK and US qualifications and his versatility for both lenders and borrowers.

Practice head(s):

Luke McDougall; Peter Schwartz

Other key lawyers:

Peter Hayes; Richard Kitchen; Mei Lian; Alon Blitz; Adrian Chiodo

Testimonials

‘The firm displays a hands-on, proactive approach with exceptional responsiveness, vast knowledge and experience.’

‘The entire team go above and beyond. No matter how your deal is staffed, you know that they will pick up the drafting traps, will push the points you need and everything is delivered in a very client friendly fashion.’

Luke McDougall is superb.’

Richard Kitchen is highly responsive. He explains complex concepts in a simple and understandable way.’

Mei Lian is an exceptional lawyer, plus she is a very nice person, which is most important when the project needs to be completed within a tight timeframe.’

Key clients

Goldman Sachs

Bank of America Merrill Lynch

Morgan Stanley

HSBC

Barclays

RBC

Credit Suisse

Deutsche Bank

Mizuho

Natwest

Nomura

Citibank

Boparan Group

TPG Specialty Lending

Abry Partners

NJJ

Oakley

Albacore

MV Credit

Credit Agricole

KKR

Brookfield Asset Management

SilverTree Equity

EQT Credit

Abry Senior Equity Fund

JP Morgan

ETIHAD airline group financing vehicle

Ares

Investcorp

Work highlights

  • Representing the mandated lead arrangers in respect of the $1.5bn loan and bond facilities provided to Nordic Capital in connection with its public-to-private bid for Advanz Pharma.
  • Acted for BNP and RBC providing a £100m ABL facility (as part of a £500m debt package) in connection with CD&R’s acquisition of UK building supplies business, Wolseley.
  • Advised Investcorp on the structuring and financing for its acquisition of Sanos Group A/S, a leading specialised pharma and biotech research organisation.

Proskauer Rose LLP

Proskauer Rose LLP‘s single-minded focus on penetrating the non-bank lending market continues to pay dividends, with some of the most active and prolific credit funds in the market, including Ares, Alcentra and Intermediate Capital Group, providing a regular flow of instructions on their direct lending mandates. Indeed, with four partners focused exclusively on work in the space, the team ‘really knows the market‘, enabling it to provide ‘reasonable and commercial advice‘, which is totally centred around getting the deal done. Alex Griffith  and Ben Davis  are both prolific and are adept across a range of debt structures, including unitranche, first out/last out and holdco PIK. Daniel Hendon was the most recent addition to the partnership ranks, following his promotion in November 2019, and is gaining plaudits for his ‘responsive and knowledgeable‘ service.

Practice head(s):

Ben Davis; Alex Griffith; Faisal Ramzan

Other key lawyers:

Daniel Hendon; Harriet West

Testimonials

They just get it! They know the market, know their clients and just make the process as easy and straightforward as it can be in these particularly challenging times. We would trust them implicitly to look after our interests but be reasonable and commercial so that everyone can just get the deal done.’

Dedicated focus on private credit. Deep bench of partners. Value-added research and market data.’

‘The very detail-oriented Faisal Ramzan is highly engaged and focused on deals. He is in touch with the market but also has a very practical risk-based approach.’

The excellent Daniel Hendon is very responsive, knowledgeable, very easy to work with and just gets the job done.’

Key clients

Alcentra

Apollo

Ardian

Ares Management

Bain Capital Credit

Barings

BlackRock

BlueBay Asset Management

Cheyne

CORDET Capital

Corsair

EQT Credit

GIC

Global Risk Partners Group

LGT European Capital

HPS

Intermediate Capital Group

M&G Investments

Muzinich & Co

Tikehau Investment Management

TPG Sixth Street Partners

Varde Partners

Work highlights

  • Advised Ares Management on the provision of £115m financing to a prominent sponsor acquiring a leading diagnostic, healthcare, research, defence and food industries group.
  • Advised Pemberton on its £42.5m financing to support Palatine’s investment in Vernacare Group (Palatine has subsequently sold the asset to H.I.G. Capital).
  • Advised Alcentra on the financing for the acquisition of KPMG’s UK Pensions Advisory Practice by Exponent Private Equity.

Shearman & Sterling LLP

Fully integrated with the  London high yield practice, which is headed by Ward McKimm, as well as its international network, Shearman & Sterling LLP's seven-partner London-based leveraged finance practice provides 'commercial and solutions-oriented advice' to a lender-focused client base. Praised for his ability to 'balance impressive intellectual acuity with humility and empathy', Gary Hamp  is one of several recent hires, having joined the firm in September 2020 from Latham & Watkins LLP's Hong Kong office. Hamp adds further English law bank finance expertise to a team that already includes the 'very client-focused' Korey Fevzi  (who also handles a considerable volume of mid-market work for private equity clients) and 'consummate professional' Philip Stopford. The recent addition of Sanjeev Dhuna  from Allen & Overy LLP in July 2021 further enhances the firm's lender side credentials, not only on the bank side but also in the direct lending space, as a result of his credit fund pedigree.

Practice head(s):

Ward McKimm

Other key lawyers:

Gary Hamp; Korey Fevzi; Sanjeev Dhuna; Phillip Stopford; Jackson Lam; Rahul Chatterji; Maria Cornilsen

Testimonials

Very commercial and solutions led.’

Korey Fevzi – outstanding partner, very client focused and very detailed orientated ensuring the best interests of its clients.’

Gary Hamp is able to balance impressive intellectual acuity with humility and empathy.’

Key clients

Bank of Ireland, Crédit Agricole, ING Bank N.V., National Westminster Bank, Rabobank, Goldman Sachs and MV Credit

Goldman Sachs, MV Credit and Park Square Capital

Investcorp

AlbaCore Capital Group

Marlin Equity Partners

Work highlights

  • Advising Bank of Ireland, Crédit Agricole, ING Bank N.V., National Westminster Bank, Rabobank, Goldman Sachs and MV Credit, in connection with the first lien financing in support of the acquisition by the Barentz group of the Maroon Group.
  • Advising on the PIK Notes financing on behalf of the Original Note Purchasers, which include funds managed by Goldman Sachs, Park Square Capital and MV Credit in support of the acquisition by the Barentz group of the Maroon Group.
  • Advised AlbaCore Capital Group as note purchaser in connection with the placement of Senior Secured PIK Toggle Notes issued by Centurion Newco S.p.A. The PIK Notes were issued as part of the committed financing for the acquisition of Engineering Ingegneria Informatica S.p.A. by Bain Capital and Neuberger Berman.

Baker McKenzie

Able to leverage resources spread across the firm's vast network of international offices, the 'user-friendly and commercial-drivenBaker McKenzie advises on emerging markets mandates as well as core European  and transatlantic leveraged finance matters from its London office. The practice's clients include both creditor and debtor-side stakeholders.  Matthew Smith is particularly adept at handling work for private credit funds and is well-versed at structuring deals involving a range of financing techniques, including the unitranche product. Nick Tostivin and Matthew Cox co-head the overarching banking and finance team.

Practice head(s):

Nick Tostivin; Matthew Cox

Other key lawyers:

Matthew Smith; Nick O’Grady; Nick Cusack

Testimonials

Very user friendly and commercially-driven. Drive straight to the key issues and enable extremely efficient use of time and resource.’

 

Key clients

Charlesbank Capital Partners

Bridgepoint Credit

Mizuho Bank Europe NV

BNP Paribas SA

Landesbank Baden-Württemberg

DBS Bank

Firmenich International

Ares Management Limited

Platinum Equity

Rhône Capital

CVC Credit Partners

Barings Private Debt and Ardian Private Debt.

Muzinich & Co Limited

Morgan Stanley & Co. International Plc

MARK (formerly known as Meyer Bergman)

Bain Capital

H.I.G. Capital

Novator Capital

KKR

MagicLab (a portco of Blackstone)

MiddleGround Capital

Hellman & Friedman

SB Northstar

Work highlights

  • Advised H.I.G. Capital on the financing related to the acquisition by one of its portfolio companies of the infection prevention business from Frontier Medical Group.
  • Advised Novator Capital Limited on the implementation of a $125m margin loan provided by UBS.
  • Advised Morgan Stanley as financial advisor on the financing arrangements for Allied Universal’s £3.8bn  recommended cash offer for the world’s largest security company, G4S.

Debevoise & Plimpton LLP

Able to advise on UK and US-law governed debt products from London and also well-integrated with its US offices (as well as across Europe), Debevoise & Plimpton LLP is well-equipped to provide 'very commercially-minded' advice to private equity sponsors, including marquee client Clayton, Dubilier & Rice, on the financing associated with their global investment activity. The 'responsive, commercial and creative' Alan Davies  and dual US/UK qualified partner Pierre Maugüé are noted for their leveraged finance expertise, while 'respected operator' Thomas Smith provides additional expertise on the fund finance front.

Practice head(s):

Alan Davies; Pierre Maugüé; Thomas Smith

Testimonials

‘The team is highly skilled, very commercially minded and has excellent co-ordination and co-operation between Debevoise legal teams across various jurisdictions.’

‘It is a very strong finance team which has acted for us across a range of complex, multi-jurisdictional and high-value matters.’

Alan Davies is outstanding.’

Alan Davies and Pierre Maugüe are responsive, commercial and creative.’

Tom Smith is highly regarded across the fund finance market. He knows everyone, and is a respected operator.’

Key clients

Clayton, Dubilier & Rice

Huntsworth

B&M European Value Retail S.A.

EQT Partners

Lovell Minnick

International Paper Company

Warner Music Group

The Carlyle Group

Resolution Life Group Holdings Ltd

Bridgepoint

Schneider Electric SE

Work highlights

  • Acted as finance counsel for Clayton, Dubilier & Rice on its acquisition of Huntsworth Plc.
  • Advised Lovell Minnick Partners in a recommended cash offer for the entire issued and to be issued share capital of Charles Taylor Plc by Jewel Bidco Limited, a company formed on behalf of funds advised by Lovell Minnick.
  • Acted as finance counsel for Resolution in respect of its leveraged acquisition of AMP Life, the life insurance business.

DLA Piper

Led on the leveraged finance front  in London by Toby Barker and aided by a strong regional presence, the 'outstanding' team at DLA Piper provides 'timely and commercially sensitive advice' to a balanced roster of sponsor, corporate and lender clients, particularly on mandates within the mid-market. As well as benefiting from strong traditional banking relationships, the team also has a fairly vibrant direct lending offering, an area in which Andy Kolacki is particularly well-versed.

Practice head(s):

Toby Barker

Other key lawyers:

Mark Dwyer; Matt Christmas; Andy Kolacki; Bryony Widdup; Neil Campbell; Mei Mei Wong; Richard Normington

Testimonials

The outstanding team provides timely and commercially sensitive advice which reflects up-to-date market practice. In addition they are just a wonderful and friendly team to work with.’

Mark Dwyer and Mei Mei Wong are accessible and very intelligent and capable lawyers. In addition, they comprehensively understand our company, which means that we can always rely on them to not only deliver strategic advice on the matter at hand, but also to consider with us the wider implications for the group.

Key clients

Discovery Communications LLC

Heineken UK

VEON Holdings BV

LivaNova plc

Workspace Group Plc

Preem AB

Keller Group plc

Biffa plc

Neqsol Holdings Limited

Hayfin Capital Management Limited

John Menzies plc

PrJSC VF Ukraine (Vodafone Ukraine)

PrJSC Kyivstar

Concord

Together Financial Services Limited

SThree plc

NMC Health plc

InfraRed Capital Partners Limited

HICL Infrastructure plc

Banglalink Telecom

Compre Holdings Limited

Mothercare plc

Duke Street

Sun European Partners

Work highlights

  • Advised Barings and NatWest on the provision of unitranche term and super senior revolving facilities to private equity sponsor Levine Leichtman Capital Partners to fund its acquisition of BigHand Limited.
  • Acted for Pemberton funds and NatWest on the refinancing of Epiris’ asset Firstport, a UK based property management group.
  • Advised Bridgepoint Credit and Santander on unitranche and super senior financing provided to support the acquisition of JSM Construction by Rutland Partners.

Macfarlanes LLP

Best-known for its work for financial sponsors and also increasingly active in the direct lending space, the 'commercial and pragmatic' team at Macfarlanes LLP has very strong visibility within the domestic leveraged finance mid-market. The 'knowledgeable' Kirstie Hutchinson is active for both corporates and private equity funds and is appreciated for her ability to 'remain calm in a crisis'. 'Technically superb' team head Andrew Perkins 'understands what the key legal issues are' for credit funds, both in the context of them as direct lenders, as well as in terms of their own borrowing requirements. Malcolm Hitching  joined from the London office of Ropes & Gray LLP in summer 2020.

Practice head(s):

Andrew Perkins

Other key lawyers:

Kirstie Hutchinson; Malcolm Hitching; Adam Caines; Alex Pickett

Testimonials

The team is commercial and pragmatic in its approach, while being extremely detail oriented. They are prepared to engage with complex transactions and provide commentary and analysis on legal issues in an easy to understand manner.’

‘The team provides a seamless service and maintains a positive perspective and can-do attitude in the face of challenges and set-backs.’

The firm has quality from top to bottom and delivers excellent legal work. It also forges strong relationships with its clients and adds genuine value beyond the narrow confines of the legal work.’

Malcolm Hitching is a stand out; technically strong and commercial about fees.’

Andrew Perkins is technically superb, generous with his time and always ensures his clients understand what the key legal issues are and what makes those issues so important.’

The technical Kirstie Hutchinson displays excellent client service, proactive communication, and industry knowledge.’

Kirstie Hutchinson has great knowledge and is calm in a crisis.’

Key clients

Caledonia / Seven Investment Management

Epiris

GHO Capital Management

Graphite Capital

Panmure Gordon (UK) Limited

Silverfleet Capital Partners

Stanhope Capital

Weight Capital Partners

Work highlights

  • Advised Silverfleet Capital on financing for acquisition of majority stake in Collectia.
  • Advised Epiris on their acquisition of the business and assets of Casual Dining Group, the owner of over 140 restaurants trading as Bella Italia, Café Rouge and Las Iguanas.
  • Advised Graphite Capital on the acquisition of software testing and quality engineering consultancy Ten10 through a management buy-out.

Ropes & Gray LLP

Led by Michael Kazakevich, Ropes & Gray LLP's 'strong and nimble' finance team excels in providing 'hands-on advice on complex structuring' for a primarily borrower-focused client base, including on deals involving UK and US law governed debt products. The firm has gained most acclaim for its work within the TMT space, as a result of its longstanding representation of multinational telecoms leviathans, Liberty Global and Altice, on their global finance needs. Formerly in-house at Goldman Sachs, the 'exceedingly nimble and strategicCarol Van der Vorst has an excellent perspective of the market and current market norms, enabling her to effectively 'transition across multiple types of deals and clients'.Malcolm Hitching left for Macfarlanes LLP in summer 2020.

Practice head(s):

Michael Kazakevich

Other key lawyers:

Carol Van der Vorst; Jane Rogers; Robert Haak; Alex Robb; Aditya Khanna; Alexandru Mocanu

Testimonials

It is a strong and nimble team with very good senior partners providing hands on advice on complex structuring.’

Best-in class acquisition finance practice. They are commercially minded, creative and proactively find solutions to issues.’

Jane Rogers is a first-class lawyer, stays calm at all times, is an excellent negotiator and finds solutions to complex legal/structuring issues.’ 

Carol Van der Vorst is a rock star attorney who is able to transition across multiple types of deals and clients.’

Carol Van der Vorst is exceedingly nimble and strategic minded and not limited to a single industry or product.’

Alex Robb – great partner to work with, very driven, super helpful at all times, positive minded and outstanding legal knowledge.’

Robert Haak – very diligent, thoughtful and commercially minded, always available.’

Key clients

Virgin Media

O2

Liberty Global

Goldman Sachs

Altice Europe (Next Alt S.à r.l.)

Baring Private Equity Asia

Altice USA

3i Investments plc

Liberty Latin America

Altice France

GHO Capital Partners LLP

Avista Capital Partners

Arsenal Capital Partners

Alcentra

Medtronic plc

Northwestern Mutual

Work highlights

  • Advised Virgin Media and O2 as sponsor and borrower on the £5.7bn-equivalent, bond and loan secured financing in connection with the previously announced joint venture combination of O2 and Virgin Media by Liberty Global and Telefonica.
  • Advised Next Alt S.à r.l, an entity controlled by Patrick Drahi, the founder and majority shareholder of Altice Europe, a leading European cable, telecommunications and entertainment company – on the financing aspects of its agreement with Altice Europe of an all cash offer valuing the company at €5.7bn.
  • Advised Liberty Global on the financing arrangements for its proposed public to private acquisition of Swiss telecoms group Sunrise Communications Group, pursuant to an offer which represents a total enterprise value of CHF6.8bn.

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

Acting on standalone work, as well as in collaboration with the office’s capital markets team, Skadden, Arps, Slate, Meagher & Flom (UK) LLP‘s ‘commercial and experienced‘ two-partner banking group is ‘exceptional at handling complex cross-border transactions‘, for a predominantly borrower-focused client base. Clive Wells  and Pete Coulton  are both extremely adept at structuring a wide variety of deals, including large-cap cov-lite TLB transactions and unitranche mandates, for large corporates and private equity sponsors (including family offices). Mark Darley retired in March 2020.

Practice head(s):

Clive Wells; Pete Coulton

Testimonials

Simply the best. Period.’

Exceptional at complex cross-border transactions, with a strong ability to structure and execute time-pressured deals.’

Consistently responsive and available to provide strong legal advice.’

Very commercial and experienced. In particular, this is true not only at senior/partner level, but also at associate level.’

Key clients

Adevinta ASA

Sampo plc

Fortiana Holdings Limited

UCB SA

Bending Spoons S.p.A.

F.I.L.A. – Fabbrica Italiana Lapis ed Affini S.p.A.

WABCO Holdings Inc.

Ashtead Group

JDE Peet’s N.V

MJ Gleeson plc

Iceland Foods

Hudson River Trading

A global biopharmaceutical company

Silver Lake Partners

DH Private Equity Partners

Castik Capital

LetterOne

SCP Group

JAB Holdings

Arrow Global

CTH Invest (Ferrero family office)

Colony Capital

Pamplona Capital

Waypoint

Jane Street Holding LLC

Blackrock

Work highlights

  • Advised Adevinta ASA in connection with the financing of its €9.2bn acquisition of eBay’s classifieds business.
  • Advised Silver Lake Partners, a global technology investment firm, on its €300m Term Loan B and Revolving Credit Facilities in connection with its acquisition of Silae SAS, a cloud-based payroll and HR software specialist.
  • Advised Fortiana Holdings on a €1.15bn debt financing  in connection with its acquisition of a minority interest in Highland Gold Mining Limited.

Slaughter and May

Slaughter and May's broad-based finance offering - which mirrors the firm's overarching generalist ethos - derives the majority of its acquisition finance mandates from the firm's deep-rooted ties with FTSE 100 and 250 corporates. Team head Philip Snell is often at the forefront of the highest-profile acquisition finance mandates handled by the firm, although over the last 12 months he has been more active assisting these companies on their financing and liquidity needs throughout the pandemic. A corollary of the firm's market-leading M&A practice, the firm also has niche expertise advising on "certain funds" public bid finance transactions.

Practice head(s):

Philip Snell

Other key lawyers:

Matthew Tobin; Simon Hall; Robert Byk; Ed Fife; Guy O’Keefe; Caroline Phillips; Richard Jones; Azadeh Nassiri; Susan Hughes; Samay Shah

Key clients

Coca Cola European Partners

Deutsche Bank

Givaudan

Interserve

Ineos

Ovo

Novo Nordisk

Premier Oil

Signature Aviation

Walmart

Work highlights

  • Advised Coca-Cola European Partners plc on its entry into a €4.4bn acquisition bridge facility agreement in connection with the proposed acquisition by CCEP of Australian listed company Coca-Cola Amatil.
  • Advised Interserve on the sale of its Support Services division to Mitie Group plc in consideration of £120m in cash and a 17.5% shareholding in Mitie Group plc.
  • Advised Walmart on the assessment and terms of the purchasers’ acquisition financing arrangements for the sale of a majority stake in Asda Group Limited, a wholly-owned subsidiary of Walmart, to a consortium comprising the Issa brothers and TDR Capital

Travers Smith LLP

Travers Smith LLP receives a regular pipeline of mid-market leveraged finance work on behalf of its impressive and loyal roster of UK-based private equity sponsor clients.

Addleshaw Goddard

'Commercial and detailed in its approach', Addleshaw Goddard remains a popular choice for lenders (both clearing banks and debt funds) and borrowers on mid-market acquisition finance mandates. Team head Alex Dumphy is 'great to work with and does a fantastic job' across myriad structures, including syndicated, unitranche, TLB and super senior/first out. Strong regional offices, particularly in Manchester and Leeds, also provide an added degree of cost effectiveness in relation to lower margin-based work.

Practice head(s):

Alex Dumphy

Other key lawyers:

Peter Crichton; Cerys Poolis

Testimonials

Commercial and competitive on fees.’

The depth of the team ensures quick delivery.’

The team is commercial and detailed in its approach.’

Alex Dumphy is great to work with and does a fantastic job.’

Key clients

Bluebay (now renamed Arcmont)

CVC

Cordet Capital

Alcentra

Inflexion Private Equity Partners

ECI Capital Partners

Dunport Capital

Telemos Capital

Barings Advisors

Work highlights

  • Advised Baring Asset Management on the debt financing to facilitate ECI Capital Partners’ acquisition of CSL Dualcom.
  • Advised Alcentra on the debt financing to facilitate Synova’s acquisition of the Fairstone Insurance Group.
  • Advised Cordet Capital on the financing of Investcorp’s acquisition of Itomic Limited.

Bryan Cave Leighton Paisner LLP

Led by Emma Howdle-Fuller, Bryan Cave Leighton Paisner LLP provides 'detailed, proactive and practical advice' to a fairly balanced mix of lender and corporate clients, across a range of corporate lending work, as well as in the context of acquisition finance mandates. As well as handling domestic mandates, the firm is also increasingly well-positioned to advise on larger ticket cross-border mandates, in part due to the greater international reach afforded to the firm following the merger with Bryan Cave in 2018.

Practice head(s):

Emma Howdle-Fuller

Other key lawyers:

Derek Hrydziuszko

Testimonials

The firm provides comprehensive, detailed, proactive and practical advice.’

Derek Hrydziuszko is an exceptionally skilled and knowledgeable partner, who is very efficient and tenacious in contract negotiations.’

Key clients

Barclays Bank

BCA Marketplace plc

Emery Oleochemicals

Gett

Henderson Park Capital Partners UK

HSBC Bank

Kape Technologies Plc

Kids2, Inc.

Knight Dragon

Malin + Goetz

Mount Street

MUFG Bank

NatWest

Playtech plc

Romulus

Scotia Bank

ServerFarm Global Holdings Limited

TC Global Finance UK

Tesco

Uniqmind

Wells Fargo

Wireless Telecommunications Group, Inc.

Work highlights

  • Advised on the restructuring of  Cinch and MyAuto businesses and to move them out of the BCA Group to exploit market opportunities. This involved advising on BCA’s (i) €1.1bn first lien facility agreement (ii) €2.65bn second lien facility agreement (iii) €76m senior liquidity facility agreement and (iv) all related finance documents, to ensure that the restructuring did not breach any provisions.
  • Acted for Kape Technologies Plc, in connection with both the bridge financing and permanent financing provided to fund its major acquisition of US-based digital privacy company LTMI Holdings and its subsidiaries.

Cahill Gordon & Reindel LLP

The arrival in September 2020 of the 'client-focused' Jonathan Brownson from Allen & Overy LLP alongside high yield partner Jake Keaveny was a real statement of intent from Cahill Gordon & Reindel LLP . The pair were followed by up-and-coming partner Joydeep Choudhuri in April 2021. These hires, particularly that of Brownson, have been well received by the banking community, and now afford  Cahill the ability to provide a truly cohensive loan finance offering to sit alongside its already strong high yield offering.

Practice head(s):

Jonathan Brownson

Other key lawyers:

Joydeep Choudhuri; Prue Criddle; Warren Newton

Testimonials

Good balance of bank and bond and great to see a credible player challenging the incumbents.’

Jonathan Brownson – good knowledge and understanding of the leveraged finance market.’

Jonathan Brownson is very client focused and has done an excellent job building the team and winning mandates for the firm from the off.’

Key clients

JPMorgan Chase Bank

Citigroup Global Markets

PGS ASA

Work highlights

  • Represented the lead arrangers in connection with a $300m term A loan credit facility for Ardagh Packaging Finance plc and Ardagh Holdings USA Inc. Proceeds from the credit facility were used for general corporate purposes.
  • The London and New York team’s combined to advise the lead arrangers in connection with £2.9bn credit facilities to support Caesars Entertainment’s bid to acquire William Hill Plc.
  • Represented PGS ASA, an integrated marine geophysical company, providing advanced subsurface seismic images that energy companies use to find and produce oil and gas, in connection with its restructured $873m term B credit facility, replacing the company’s existing revolving credit facilities and term b loans.

Cleary Gottlieb Steen & Hamilton

Able to deploy expertise on both the loan and US high yield front, Cleary Gottlieb Steen & Hamilton excels in providing complex and often highly bespoke financing structures for the firm's borrower-focused client base that includes both private equity sponsors and investment grade corporates. David Billington  is one of the main contacts within the team and regularly handles financing work for longstanding client ArcelorMittal.

Other key lawyers:

David Billington; Carlo de Vito Piscicelli; Polina Lyadnova

Key clients

ArcelorMittal

LivaNova Plc

PNM Investments Ltd

América Móvil

Eurasian Resources Group

MDC Partners Inc.

Warburg Pincus

Nectar Capital

Belron (parent company of Autoglass)

Work highlights

  • Represented Warburg Pincus on the financing associated with its acquisition of Sundyne from Carlyle Group and BC Partners.

CMS

Praised for its 'pragmatic, practical and empathetic' approach, CMS has a strong reputation advising clearing banks and private equity sponsors on mid-market deals. Patrick Donegan  heads up the corporate and leveraged finance offering and has developed particular expertise within the infrastructure and energy sectors. Charles Kerrigan  leads the firm's specialised TMT finance offering and regularly handles acquisition finance mandates occuring within the sector. The arrival in September 2020 of John Dawson from Vinson & Elkins RLLP strengthens the firm's funds capabilities, both on the borrower side as well as in the alternative lending space.

Practice head(s):

Patrick Donegan

Other key lawyers:

Alex Patience; Charles Kerrigan; Mark Moseling; Ruth Marken; John Dawson; Anne Chitan; Tom Siggers; Tom Hughes; Kerry Langton

Testimonials

Very strong attention to detail, excellent response times, and a capacity to explain complex topics in a simple manner.’

Their commercial accumen is second-to-none.’

Pragmatic, practical, realistic and empathetic to real-world business and deal issues.’

Tom Siggers provides insightful, relevant and commercially astute advice.’

 

Key clients

RWS Holdings Plc

Macquarie Capital

Mayfair Equity Partners LLP

Bank of Ireland

HSBC

August Private Equity LLP

Horizon Capital LLP

CBPE Capital LLP

LDC (Managers) Limited

Work highlights

  • Advising Macquarie Capital on multiple transactions in relation to Project UltraFast, the acquisition by Macquarie Capital of part of the fibre network of Masmovil in Spain
  • Acting for LDC on their facilities to support the acquisition of the Onecom group
  • Advised new client Phoenix Equity Partners on its  facilities to support the acquisition of a security services group.

Davis Polk & Wardwell LLP

Led by Nick Benham  and Jeffrey O’Brien on the banking and capital markets front, respectively, US headquartered "white shoe" leviathan Davis Polk & Wardwell LLP's small two-partner London finance team's particular sweet-spot is advising lenders and borrowers on complex cross-border acquisition finance mandates involving a combination of English and New York law. Benham also has particular expertise in relation to public bid financings.  

Practice head(s):

Nick Benham; Jeffrey O’Brien

Other key lawyers:

Aaron Ferner

Key clients

ADC Therapeutics

Arcmont Asset Management

Barclays

Citibank

Clarivate

Comcast

eDreams Odigeo

Evercore

Ford Motor Company

GeoPark

Goldman Sachs

Hayfin Capital Management

J.P. Morgan

Marsh & McLennan

Morgan Stanley

Nomura

Nuvei

Technicolor

Temenos

Tencent

Work highlights

  • Advised the arrangers in connection with an English law governed $1bn unsecured term loan facility agreement provided to Sasol Financing USA LLC, as borrower, and Sasol Limited as guarantor.
  • Advised a Tencent-led consortium on the financing of its acquisition of additional equity interest in Universal Music Group.
  • Advised the representative of the initial purchasers in connection with a Rule 144A/Regulation S offering by Clear Channel International, a wholly owned subsidiary of Clear Channel Outdoor Holdings, Inc., of $375m  senior secured notes.

Herbert Smith Freehills LLP

Led by Kristen Roberts   - who has deep familiarity with trends in the corporate debt market, in part due to his close ties with company treasury departments, as well as with the trade body - the Association of Corporate Treasurers -  Herbert Smith Freehills LLP's 'responsive and efficient' team is particularly well-regarded for its corporate-led acquisition finance capabilities. Although the firm is less active within the core private equity space, it does, however, pick up a significant volume of work for funds engaged in acquisitions within principal sector areas of focus for the firm as a whole, including energy. Will Nevin is also a key member of the team and continues to grow the firm's lender side offering among European and US banks.

Practice head(s):

Kristen Roberts

Other key lawyers:

Will Nevin; Gary Hommel; Martin Kavanagh; Heather Culshaw; Thomas Bethel; William Breeze; Martin Kavanagh; Gabrielle Wong; David Wyles; Elliot Beard

Testimonials

The team was responsive, efficient and went over and above to satisfy our requests.’

Key clients

Associated British Foods Plc

Severn Trent Plc

Euromoney Institituional Investor Plc

Johnson Matthey

Weir Group

Marel

Hipgnosis Songs Fund Limited

Safran SA

Virgin Group

Gardner Group

Tideway

Bank of America Merrill Lynch

JPMorgan

HSBC

Credit Agricole CIB

Trident Energy

Tryg A/S

Mayer Brown International LLP

Able to draw on significant resources throughout the firm's European and US offices, Mayer Brown International LLP's London-based banking team has a strong and growing reputation among private equity sponsors and credit funds in the mid-market acquisition finance space. Team head Stuart Brinkworth  has been the principal architect of the firm's growing involvement in the direct lending space, in light of his well-established credentials in the market. Although the firm is less active for traditional bank clients, it does pick up some work for international investment banks, particularly on acquisition finance deals where the ABL product forms a part of the overall debt package.

Practice head(s):

Stuart Brinkworth

Other key lawyers:

Andrew Crotty; Danister de Silva

Testimonials

‘The firm provides an excellent client service which is responsive, comprehensive and commercial.’

‘Stuart Brinkworth and Danister de Silva have a great sense of humour and work ethic as well as working extremely collaboratively.’

 

Key clients

Francisco Partners

TA Associates

Sixth Street Speciality Lending

Permira

CBPE Capital

Work highlights

  • Represented Francisco Partners on the financing of its acquisition of the Consignor Group.
  • Advised Sixth Street Specialty Lending’s European business in connection with the public takeover offer and successful settlement of shares in East Software AG by Battery Ventures AG.
  • Advised funds managed by Permira’s credit arm on the acquisition of a large portion of the stationery retailer Paperchase, a move which has rescued the brand from administration.

Morrison Foerster

Increasingly visible in the London finance market as a result of a number of notable hires in recent years, Morrison Foerster continues to make inroads into the banking, credit funds and private equity sponsor markets, with clients appreciative of its ability to handle complex US/UK financing structures. The 'hugely experienced and knowledgeableChristopher Kandel is the star attraction and has had a real galvanising effect on the team since his arrival at the beginning of 2019 from US heavyweight Latham & Watkins. Benoit Lavigne  recently joined King & Spalding LLP.

Other key lawyers:

Christopher Kandel; Caroline Jury; Matthew Dunlap; John Burge; Amber Pledge; Ian Chin

Testimonials

A very hardworking and dedicated team.’

Has the ability to organise and summarize complex/multi-folded issues.’ 

The team is resilient and tenacious with a deep knowledge into past precedent transactions.’

Chris Kandel is hugely experienced and knowledgeable. He has seen pretty much every type of transaction from both borrower and lender’s point of view.’

Key clients

EQT Credit (recently acquired by Bridgepoint Credit)

Pemberton Asset Management and GoldPoint Partners

Tate & Lyle PLC

DNB Bank ASA

Hellman & Friedman

SoftBank Group Corp.

Macquarie Capital

Barings Private Credit

Swedbank

Ares Management Limited

Electrocomponents

Work highlights

  • Advised Credit Suisse, HSBC and JPMorgan as mandated lead arrangers of a €400m covenant lite senior facilities agreement for SGH LLC/Scenic Cruises in order to refinance existing debt and finance capital expenditure.
  • Advised Hellman & Friedman’s portfolio company Nets in connection with  €475m in first lien and second lien acquisition finance facilities backing a successful bid for Poland’s “PeP” (Centrum Rozliczeń Elektronicznych Polskie ePłatności S.A.).
  • Advised Baring Asset Management in relation to a unitranche financing in connection with the acquisition of a German business by a London-based sponsor.

Norton Rose Fulbright

Norton Rose Fulbright advises commercial/investment banks, as well as some large corporates, across a range of cross-border financing work, particularly within sector strengths of the firm as a whole (including energy, mining and commodities). Uniquely among many in the ranking, the firm has 'strong experience in Africa', and is particularly well-equipped to handle the financing accompanying investment into the continent by virtue of its deep strategic alliances with local firms and a sizeable on the ground presence in South Africa. Michael Black has niche expertise advising lenders on acquisition finance mandates incorporating ABL techniques. Chris Brown  heads up the overarching banking and finance group.

Practice head(s):

Chris Brown

Other key lawyers:

Michael Ings; Michael Black; James Dunnett; Neha Khosla; Alex Zekkos

Testimonials

The team is proactive, diligent, innovative and commercial, and has strong experience in Africa where we operate.’

Key clients

Bank of America

Goldman Sachs International

Community Fibre Limited

Volution Group Plc

Reach Plc

National Bank of Canada

Sandvik

Wells Fargo

ABN Amro

Work highlights

  • Advised National Bank of Canada, as underwriter, in the debt and equity financings connected to Savaria Corporation’s £265m acquisition of Handicare Group AB.
  • Advised Bank of America in its capacity as agent and lender, under a $125m senior secured asset-based revolving credit facility made to IPL Plastics Inc. and its affiliates. The loan financed the acquisition of all issued and outstanding shares of IPL Plastics by Madison Dearborn Partners and the Caisse de dépôt et placement du Québec.
  • Advised Community Fibre Limited and its existing investors Amber Infrastructure and RPMI Railpen in connection with the acquisition of a controlling stake in Community Fibre by funds advised by Warburg Pincus LLC and DTCP.

Pinsent Masons LLP

Although Pinsent Masons LLP derives some acquisition finance instructions from its strong clearing bank relationships and ties with numerous large listed businesses, its primary focus remains on advising private equity sponsors on their mid-market leveraged finance activity. Vanessa Heap has a particularly vibrant sponsor-side offering and is well-versed at handling leveraged finance transactions involving senior and super senior transactions. Martin Bishop heads up the overarching banking and finance team.

Practice head(s):

Martin Bishop

Other key lawyers:

Vanessa Heap; Liam Terry; Kate Hardwidge

Key clients

Aareal Bank

European Investment Bank

HSBC Bank

ICBC Bank

LGIM (Legal & General)

Lowell Group

M&G Investments (Prudential)

MUFG

Santander UK plc

SMBC

Sabio Limited

Computer Systems Integration Group

MML Capital Partners

Permira Debt Capital

Equistone Partners Europe

Work highlights

  • Advising Sabio Limited (a Horizon Capital backed company) on senior and super senior facilities provided by CVC Capital Partners and HSBC to raise additional committed acquisition facilities.
  • Advising MML Capital Partners on senior facilities provided by HSBC together with a secured loan note structure for the acquisition of Western Global Holdings.

Willkie Farr & Gallagher (UK) LLP

The ‘knowledgeable, professional and client-focused‘ team at Willkie Farr & Gallagher (UK) LLP continues to gain market share with a private equity-focused client base, appreciative of the team’s ability to undertake complex financing structures involving debt throughout the capital structure. The ‘bright and commercial‘.  Sebastian FitzGerald  has an excellent perspective of mid to upper-mid market sponsor-led debt financing mandates, work which he also regularly undertakes in collaboration with the firm’s Paris and Frankfurt offices.

Other key lawyers:

Sebastian FitzGerald; Ashley Young; Komal Raina

Testimonials

I was very impressed by the work that the team delivered on a very complex financing structuring with a number of last minute iterations.’

Knowledgeable, professional and client focused partners and associates.’

Very commercial and focused on getting the best outcome for their client. Clearly very experienced in the banking sector and able to call on that experience to great use.’

Sebastian FitzGerald is a commanding banking partner in charge of the execution process of very complex transactions.’

Sebastian FitzGerald is extremely professional, bright and commercial.’

Key clients

Ardian

Bregal Freshstream

CVC Capital

Insight Partners

Levine Leichtman Capital Partners

PAI Partners

Platinum Equity

Searchlight Capital Partners

Stanley Capital

Work highlights

  • Advising CVC Capital Partners, through its CVC Capital Partners Fund VII, in its exclusive negotiations with Charterhouse Capital Partners for the acquisition of a majority stake in Cooper Consumer Health.
  • Advised Levine Leichtman Capital Partners on the financing aspects of its acquisition of BigHand (in partnership with management) from Bridgepoint Development Capital and minority co-investor LDC.
  • Represented Atlas Holdings on the financing aspects of its acquisition of Permasteelisa from LIXIL Group.

Dentons

With three partners in London with a core focus on acquisition finance mandates and also able to leverage the expertise of lawyers spread across the firm's extensive international network, Dentons is increasingly well-positioned to advise banks and private equity sponsors on cross-border mandates, including those with a nexus to the emerging markets.  Former Simmons partner Simon Middleton  co-heads the team alongside Catherine Astruc and is particularly noted for his lender side work within the Nordic markets.

Practice head(s):

Catherine Astruc; Simon Middleton

Other key lawyers:

Will Turner

Testimonials

Simon Middleton is our main relationship partner and is a highly trusted advisor that we use for a large number of our financing transactions. We always have confidence that we will receive excellent service from Simon and his team.’

Key clients

Nordea

Skandinaviska Enskilda Banken

DBS Bank

Chenavari / AREO Sarl

Aberdeen Standard Investments

KPS Capital Partners

Work highlights

  • Advising a leading global bank and the mandated lead arrangers on a €1.5bn acquisition facility for a multinational pharmaceutical company.
  • Advising leading global banks on a €43.5m credit facility to be used for business acquisitions and other general corporate purposes.
  • Advising two leading global banks in connection with a £108m term and multicurrency revolving credit facility for a British multinational technology company, which also included the acquisition of a listed Canadian entity.

Eversheds Sutherland (International) LLP

Led from London by Nick Swiss and also benefiting from a strong regional presence, particularly out of Birmingham, the 'very strong' team at Eversheds Sutherland (International) LLP has 'great knowledge of the lending market', which it deploys to good effect to a borrower-focused client-base across a range of mid-market matters. The 'commercial and pragmatic' Christopher Akinrele is pivotal to the firm's core focus on behalf of mid-market sponsor clients.

Practice head(s):

Nick Swiss

Other key lawyers:

Chris Hastings; Christopher Akinrele; Patrick Davis

Testimonials

It is a very strong team with great knowledge of the lending market.’

I appreciate that the firm has the capability to undertake a wide variety of due diligence in-house, covering numerous jurisdictions.’

The team has technical and market experience and know-how coupled with a human touch that helps produce the right message or product in each particular set of circumstances. There is also a willingness to roll up sleeves, when time is short and perhaps the piece of work is large in terms of billing; but is important to the client business.’

Christopher Akinrele is a really solid lawyer. He’s commercial, pragmatic and good to work with.’

Key clients

HSBC Bank

The Royal Bank of Scotland

Phoenix Private Equity

Inflexion Private Equity

Livingbridge Private Equity

Daisy Group

Beech Tree Private Equity

Pollen Street Capital

Phenna Group Management

Work highlights

  • Advised Sovereign Capital and Premier Park on financing to facilitate the buyout of Premier Park and provision of facilities for acquisitions and general corporate and working capital.
  • Advising Daisy Group Holdings on a £75m bridge facility in respect of Digital Wholesale Solutions Limited’s acquisition of the Giacom group.
  • Advising Phenna Group in respect of new £125m debt financing from Arcmont, secured bridging financing and the minority investment from Inflexion.

Fried, Frank, Harris, Shriver & Jacobson LLP

Well-positioned to exploit the continued convergance of the debt finance markets, both in terms of products and geographies, Fried, Frank, Harris, Shriver & Jacobson LLP's small but nimble team provides 'top quality advice' to borrowers and lenders, particularly on cross-border mandates involving a combination of UK and US-law governed debt products. The 'brilliant' Neil Caddy is the main contact within the team and advises a vibrant mix of banks, funds and corporates on sophisticated financing techniques involving a range of products throught the capital structure, including cov-lite TLB, bank/bond and unitranche.

Other key lawyers:

Neil Caddy; Jons Lehmann; Graham Greenwood

Testimonials

‘The fantastic team always provides top quality advice, with a high degree of partner attention. The lawyers are extremely responsive and knowledgeable on all matters that they advise us on.’

Neil Caddy is brilliant. He is commercial, direct and hands on.’

 

Key clients

AEA Investors

Alteri Investors

Jacobs Engineering

MASMOVIL IBERCOM, S.A.

Pemberton Capital Advisors

Ares Management

Golub Capital

Citi

Bank of America

KeyBank

Work highlights

  • Advised AEA Investors on the unitranche, capex and revolving credit facilities in connection with the acquisition of Process Sensing Technologies (PST), a UK headquartered manufacturer and supplier of instruments, analysers, and sensors for precision measurements and monitoring for the chemicals industry.
  • Advised Jacobs Engineering Group in relation to the $2bn financing arrangements in connection with its strategic partnership with PA Consulting to acquire a majority stake in PA Consulting.
  • Advising Ares Management as agent, initial lender and lead arranger and Golub Capital as initial lender and lead arranger in connection with Goldman Sachs Merchant Banking Division’s C$1.13bn acquisition of People Corporation.

Goodwin

Goodwin has recently made some notable hires on the debt finance side, including that of Hugh O’Sullivan  who joined in April 2021 from Kirkland & Ellis International LLP, enabling it to be better equipped to advise the firm's growing roster of private equity clients. Simon Fulbrook  provides 'level headed and pragmatic advice' and 'understands the key commercial points that matter to a private equity sponsor'. 

Practice head(s):

Simon Fulbrook

Other key lawyers:

Hugh O’Sullivan; Geoff O’Dea; Paul Lyons; Richard Hughes

Testimonials

Simon Fulbrook provides level headed and pragmatic advice. He understands the key commercial points that matter to a private equity sponsor and doesn’t get distracted by the points that don’t.’

Key clients

Mayfair Equity Partners

TA Associates

Graphite Capital

Partners Group

ECI Partners

Avantus Aerospace Group Limited

LDC

Inflexion

Tide Capital

G Square Private Equity

Bregal Milestone

Work highlights

  • Advised Mayfair Equity Partners on the debt financing arrangements of its acquisition of the entire issued share capital of Stork Topco Limited and its subsidiaries through which Seraphine Limited, a maternity clothing retailer and designer operates.
  • Advised TA Associates on its co-investment in DOCU Nordic Group Holdings AB, alongside Stirling Square Capital Partners as part of a wider transaction pursuant to which SSCP’s fourth fund became the majority shareholder in DOCU Nordic following the sale of the entire issued share capital of DOCU Nordic by SSCP’s third fund.
  • Advised Partners Group on the acquisition of all of the business and assets of UK high street restaurant chain, Côte Restaurants, following a financial restructuring and administration of the business.

Taylor Wessing LLP

Led by Martin YellsTaylor Wessing LLP's borrower focused practice has a particularly strong reputation among private equity sponsors engaged in mid-market leveraged finance mandates. The team also regularly provides debt financing advice (including in an acquisition finance context) to the firm's  sizeable roster of technology-based corporates.

Practice head(s):

Martin Yells

Other key lawyers:

Lerika Joubert; Fiona Coady

Key clients

Rutland Partners

Inflexion Private Equity Partners

Anglo Pacific Group Plc

NoteMachine

Bridgepoint

Terra Firma

LayBuy

Alcuin Capital

Baird

Caledonia

CentralNIC Group Plc

Secret Escapes

Hilton Food Group Plc

Work highlights

  • Advised Anglo Pacific Group Plc on the upsize and extension of the group’s acquisition finance facility provided by Barclays, Investec and Scotiabank comprising and revolving credit facility of $90m with an accordion option to extend to $120m.
  • Acting for Rutland Partners on the debt financing in relation to the secondary buyout of Woodall Nicholson Holdings Limited.