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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In the United Kingdon, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for eight years. These partners are highlighted below and throughout the editorial.
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United Kingdom > London > Finance > Bank lending: investment grade debt and syndicated loans > Law firm and leading lawyer rankings

Editorial

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Index of tables

  1. Bank lending: investment grade debt and syndicated loans
  2. Leading individuals: Hall of Fame
  3. Leading individuals
  4. Next Generation Partners
  5. Rising stars

Leading individuals

  1. 1

Next Generation Partners

  1. 1

Rising stars

  1. 1

Leveraging the firm's deeply entrenched commercial and investment bank relationships, and also able to effectively resource multi-jurisdictional deals by virtue of its huge international network of offices,¬†Allen & Overy LLP¬†remains a market leader for syndicated deals throughout EMEA. Although it is better known for advising on the lender side, the team also regularly handles corporate lending work for numerous large public companies, providing the firm with an excellent perspective of market terms from both sides and across the full spectrum of the capital structure.¬†Melissa Samuel ¬†has an excellent reputation for lenders and borrowers across a range of corporate lending, structured finance and acquisition finance. She has experience advising on 'super jumbo' deals, including her work for the lead arrangers and underwriters on a $775m two stage syndicated financing facility and a $230m bridge to equity issuance facility in support of Elementis plc‚Äôs acquisition of Mondo Minerals.¬†David Campbell's broad-ranging banking prowess regularly includes big-ticket cross-border syndicated loan facilities, and he recently advised the arrangers to Renewi plc¬†on an amendment and extension to its main banking facility, converting it to a ‚ā¨550m Green Loan Facility. Global head of corporate lending¬†Trevor Borthwick¬†and co-head of global banking¬†Simon Roberts¬†are also recommended, with the latter recently advising a¬† global financial institution in relation to the amendment and restatement of Rio Tinto‚Äôs $7.5bn multicurrency facilities.

Practice head(s):Philip Bowden; Trevor Borthwick

Other key lawyers:Simon Roberts; Melissa Samuel; David Campbell; Greg Brown; George Link; Greg Brown; Nicholas Clark; Darren Hanwell

Key Clients

Marks & Spencer plc

Halma plc

TP Icap plc

Quilter plc

Great Portland Estates plc

Work highlights

  • Advised the arranger on the acquisition financing of Inform plc’s acquisition of UBM plc.
  • Advised the documentation arrangers and sustainability arrangers to Renewi Plc on an amendment and extension to its main banking facility, converting it to a €550m Green Loan Facility.
  • Advising the lenders on a new syndicated facility for general corporate purposes and refinancing an existing debt facility for Smurfit Kappa Corporation Limited, a FTSE 100 company and world leader in paper-based packaging.
  • Advised the lead arranger and underwriter on a $775m two stage syndicated financing facility and a $230m bridge to equity issuance facility in support of Elementis plc’s acquisition of Amsterdam-based Mondo Minerals.
  • Advised a global financial institution in relation to the amendment and restatement of Rio Tinto’s $7.5bn multicurrency facilities.

The 'commercial and responsive' team¬†at¬†Clifford Chance LLP¬†has the critical mass and geographical footprint to be able to handle a tremendous flow of syndicated lending transactions for major banking institutions including Citigroup and Bank of America Merrill Lynch, in the context of general corporate lending, as well as on high-profile acquisition finance matters.¬†Nicola Wherity¬†is recognised as a 'trusted adviser' and recently acted for lenders on separate multi-billion corporate loans for Nestle and Telefonica. Praised for his 'willingness to go the extra mile to deliver',¬†David Robson¬†continues to garner an impressive reputation in the market for many of the leading investment banks, as a result of his 'grasp of complex matters' which includes public-to-private M&A financings.¬†Jim MacHale¬†has an excellent reputation across both corporate loans and acquisition financings, and is another integral member of the team that also includes the 'superb'¬†Michael Bates¬†¬†‚Äď whose expertise includes a niche focus on infrastructure acquisition financings as well as corporate lending work.

Practice head(s):Charles Cochrane; Emma Folds

Other key lawyers:Michael Bates; Jim MacHale; Nicola Wherity; Emma Folds; Karen Hodson; David Robson; Nicholas Kinnersley

Testimonials

'Excellent understanding of a client's business and requirements.'

'Exceptionally commercial approach to negotiation, very committed to delivering to deadlines and early warning if there will be fee overruns.'

'Highly experienced firm, a lot of capabilities and trust them to deliver a deal.'

'David Robson has an excellent grasp on conflicting party views and the commercial impact of positions.'

'Emma Folds is very diligent and never drops the ball.'

'Nicola Wherity delivers on each deal.'

Key Clients

Citigroup

Jaguar Land Rover

EQT

Bank of America Merrill Lynch

Apera Capital

HSBC

Maersk

Deutsche Bank

Cinven

Macquarie

Work highlights

  • Acting for OCI N.V., the Dutch Natural gas fertilisers and chemicals producer listed on Euronext Amsterdam, in connection with its refinancing, consisting of $650m and €400m senior secured notes and $1.1bn senior secured credit facilities. This was transformational for OCI Group, combining a large debut high yield issuance with a major refinancing and up-size of its corporate facilities agreement in connection with a comprehensive rationalisation of the Group's financing structure.
  • Acting for the mandated lead arrangers on the $3.8bn term and bridge facilities and $1bn revolving facilities for the acquisition by Bacardi of premium tequila maker Patron.
  • Advising the mandated lead arrangers in relation to the €1.8bn equivalent cov-lite Term Loan B and revolving credit facilities refinancing debt of frozen foods and ice cream company Froneri. Froneri is a joint venture between Nestle and R&R Ice Cream (owned by PAI Partners).
  • Acting for the mandated lead arrangers in relation to a new one-year €6.5bn (equivalent) revolving credit facility for Swiss food giant Nestle and advising the lenders in relation to an extension option exercised by Nestle in tandem, extending the maturity of an existing €4.5bn facility.
  • Advising the mandated lead arrangers in relation to a €5.5bn revolving credit facility for Telefonica. This financing amended and brought together two existing syndicates and facilities and with an extremely large lending syndicate, and the loan required careful management and co-ordination.

'Diligent, accessible and commercial¬†‚Äď from associate all the way up to senior partner',¬†Linklaters LLP¬†provides a 'uniformly high quality of work' to a balanced spread of banks¬†and borrowers on deals throughout the capital structure, including as it relates to general corporate lending, investment grade acquisition financing, margin lending and refinancings. Philip Spittal¬†heads up the global loans team and handles a range of syndicated deals relating to general corporate lending and M&A financing. He recently advised¬†the lenders and the security agent on a secured term loan facility to Sociedad Portuaria Terminal De Contenedores De Buenaventura, for the operation of a commercial container port terminal in Buenaventura, Colombia and for the refinancing of the borrower's existing debt from the project‚Äôs construction phase.¬†Toby Grimstone¬†regularly acts for banks and borrowers on syndicated and secured bank financings, with notable niche expertise in acquisition financing and commodities-related finance work (he is Glencore's go-to-adviser on its most complex financings). In addition to his margin lending expertise,¬†Oliver Edwards¬†also handles broader financing work for banks and corporates in the context of working capital facilities, as well as it pertains to event-driven transactions.¬†Ian Callaghan¬†continues to garner a strong reputation among corporates, banks and alternative credit providers on public and private acquisition financings and cross-border syndicated lending. Managing associate Caroline Courtney¬†is 'one to watch' and has developed a strong practice among¬†lenders, corporates and sponsors in event-driven acquisitions, investment grade facilities and direct lending.

Practice head(s):Philip Spittal – Head of Global Loans

Other key lawyers:Toby Grimstone; Oliver Edwards; James Martin; Ian Callaghan; Caroline Courtney; William Evans

Testimonials

'Lawyers within the firm possess the rare skill to be able to best position the bank's interests while maintaining an amicable and constructive dialogue with the other side.'

'Their depth of knowledge and experience is not bettered.'

Key Clients

Abu Dhabi Commercial Bank

Barclays Bank

Citibank

JP.Morgan Securities

HSBC Bank Middle East Limited,

Standard Chartered Bank, DIFC Branch

Glencore

Deutsche Bank

Goldman Sachs

HSBC

ING

Morgan Stanley

Royal Bank of Canada

BNP Paribas

Industrial and Commercial Bank of China

Banco Santander

Bank of China (Luxemborg)

Banco de Sabadell

Global Loan Agency Services Limited

Work highlights

  • Advised the lenders on the $2bn unsecured financing to NMC Health plc used to refinance the existing secured facilities in full and to finance various acquisitions, including Al Fakih and as a bridge to a debut public bond or sukuk.
  • Advised Deutsche Bank, Goldman Sachs, HSBC, ING, Morgan Stanley and Royal Bank of Canada as mandated lead arrangers on a €380m refinance of the Exact cloud software group’s existing New York Term Loan B financing with a senior secured European cov-lite term loan and revolving facility.
  • Acted for BNP Paribas in its role as documentation agent on a £328.3m multi-tranche dual currency term loan facility for ICBC (London) plc as borrower and Industrial and Commercial Bank of China Limited, London Branch as guarantor for the purpose of refinancing an existing term loan facilities agreement.
  • Acted for the lenders and the security agent on a $140m secured term loan facility to Sociedad Portuaria Terminal De Contenedores De Buenaventura (a subsidiary of A.P. Møller – Mærsk) for the operation of a commercial container port terminal in Buenaventura, Colombia and refinancing the borrower’s existing debt from the project’s construction phase.
  • Advised Glencore (and a number of its affiliates) in connection with the unwinding of its joint venture with the Qatar Investment Authority  in relation the joint venture’s 19.5% stake in Rosneft, Russia's state-owned oil and gas concern and one of the largest oil and gas companies in the world.

Benefiting from a 'deep and thorough understanding of the relevant bank documentation',¬†Slaughter and May¬†regularly advises the firm's stellar roster of blue-chip corporates across their financing requirements, including for acquisition finance, as well as general corporate and working capital purposes.¬†Matthew Tobin¬†is 'very experienced in loan agreements' and he employs this knowledge to good effect for corporate borrowers on investment grade debt. He recently advised AngloGold Ashanti on a new five-year multi-currency revolving credit facility with a syndicate of fourteen banks.¬†Andrew McClean¬†heads up the firm's financing department and has vast experience, primarily for corporate borrowers (but also for some lender clients) on syndicated loan facilities. McClean's recent work has included advice to Tata Steel on a ‚ā¨4.5bn facility.

Practice head(s):Andrew McLean; Stephen Powell

Other key lawyers:Edward Fife; Robert Byk; Caroline Philips; Matthew Tobin; Philip Snell; Oliver Storey

Key Clients

Nordea Bank

Tata Steel

Orsted

CEVA Logistics

Countrywide

Yell

AngloGold Ashanti

INEOS

Deutsche Bank

Work highlights

  • Advised Richemont in relation to a fund bank facility it entered into to provide backstop financing for its voluntary public tender offer to acquire all of the ordinary shares of Yoox Net-a-Porter Group not already owned by Richemont or its affiliates.  
  • Advised Marsh & McLennan Companies on the £5.2bn certain funds bridge facility to finance its cash acquisition for the entire issued and to be issued share capital of Jardine Lloyd Thompson Group plc.
  • Advised Yell Limited, a subsidiary of Hibu Group Limited, and Hibu’s subsidiaries on a £225m high-yield bond offering and £25m super senior revolving credit facility.
  • Advised Rolls-Royce on the amendment and extension of its standby revolving credit facilities provided by a large syndicate of financial institutions, including an increase of the total commitments from £1.5bn to £2.5bn.
  • Advised AngloGold Ashanti, a leading global gold producer headquartered in South Africa, on a new five-year revolving credit facility with a syndicate of fourteen banks.

Combining 'high-end market and technical expertise with a friendly and open approach and unparalleled levels of client care',¬†Ashurst¬†provides 'legally robust and practical advice' to a balanced mix of investment grade corporate clients and banks. Praised for his 'technical prowess and pragmatism',¬†Nicholas Moore¬†has an excellent perspective of the investment grade lending market (both bilateral and syndicated) as a result of his involvement in many of the most significant mandates handled by the firm on behalf of both lenders and corporates. Moore recently advised¬†MUFG Bank on the amendment and restatement of The Go-Ahead Group plc's existing multicurrency revolving credit facility, and acted for Tritax EuroBox plc on its ‚ā¨200m multicurrency revolving credit facility (its debut credit facility after its incorporation and listing). As well as advising on general corporate lending mandates, the 'excellent'¬†Tim Rennie¬†specialises in arranging the financing of public takeovers, including his recent work for Evercore Partners, JP Morgan and Nomura in relation to Takeda Pharmaceutical Company‚Äôs ¬£46bn recommended offer for Shire plc. Benefiting from significant lender-side expertise by virtue of several secondments at international banks, senior associate¬†Darren Phelan¬†has a growing reputation across¬†investment grade corporate lending, cross-border transactions and acquisition finance.

Practice head(s):Martyn Rogers

Other key lawyers:Nicholas Moore; Tim Rennie; Robert Andrews; Lee Doyle; Nick Wong; Matt Pentecost; Briony Holcombe; Darren Phelan

Testimonials

'It is the most experienced law firm advising on cash confirmations for UK public M&A transactions, which gives them a unique view on what is market practice, and the ability to provide value-added advice to the financial advisers.'

'It provides particularly helpful advice on complex financings with multiple currencies, takeouts and hedging requirements.'

'The team understands the dynamics of high pressure deals and works all hours to give the best service.'

'The professional and engaging team has an excellent knowledge of the market.'

'Nicholas Moore is a standout partner by any standards.'

'The responsive and hardworking Nicholas Moore keeps clients well abreast of developments and how they affect them.'

'Tim Rennie is happy to get his hands dirty on the detail.'

'Lee Doyle is exceptional in his client focus and client care.'

'Darren Phelan delivers a very high quality work product.'

Key Clients

RBS

HSBC

Santander

HayFin

RPC

Apollo

Davidson Kempner

ICG

AVEVA Group plc

BlackRock

Work highlights

  • Advised Renewi plc, the international waste-to-product company, on an amendment and extension to its main banking facility, converting it to a €550m Green Loan.
  • Advised NatWest Markets plc, Lloyds Bank and Ulster Bank Ireland DAC on €300m underwritten term and revolving facilities for Applegreen plc, a major petrol forecourt retailer headquartered in Ireland, to be used to finance its proposed acquisition of a majority stake in Welcome Break and to refinance existing facilities.
  • Advised award-winning bridging finance lender, MT Finance, as borrower on £50m of funding from funds managed by Insight Investment alongside mezzanine funding from a UK fund manager.
  • Advised CareTech Holdings plc on its recommended offer for Cambian Group Plc by way of a scheme of arrangement of Cambian under Part 26 of the Companies Act 2006. The cash consideration was funded by way of new underwritten term loans, a bridge loan and revolving credit facility in an aggregate amount of £439m.
  • Advised the finance parties on the provision of a £375m multicurrency revolving syndicated facility to Keller Group plc and its subsidiaries which was used, in part, to refinance Keller Group plc's existing syndicated facility.

With an impressive roster of blue-chip corporate clients,¬†Herbert Smith Freehills LLP¬†has excellent financing credentials on behalf of investment grade corporates including EDF,¬† Elementis plc and British Land.¬†Kristen Roberts¬†leads the corporate debt and acquisition finance team in London and has significant expertise across the capital structure, including on mandates in the loan and privately placed notes markets. On the borrower front, Roberts is particularly well-versed working alongside FTSE corporate treasury teams and is at the cutting-edge in trends in the corporate debt market. On the lender front, the firm has particular niches in the energy sector¬†‚Äď where it is a market leader in advising banks on reserve-based lending facilities¬†‚Äď as well as with regard to multi-sourced financings in the emerging markets, involving debt provided by commercial lenders, export credit agencies and Development Finance Institutions. Senior associate¬†Elliot Beard¬†has a growing reputation on behalf of¬†a number of FTSE 250 clients, which he regularly advises on their general corporate financings in the banking and US private placement markets.

Practice head(s):Gary Hommel; Kristen Roberts; Martin Kavanagh

Other key lawyers:Will Nevin; Heather Culshaw; Thomas Bethel; Matthew Job; Pedro Rufino Carvalho; Elliot Beard

Key Clients

Antin Infrastructure Partners

Atnahs

Bank of America Merrill Lynch

Bazelgette Tunnel Limited/Tideway

British Land

Carlyle Group

Credit Suisse International

EDF

Elementis plc

G4S plc

HSBC

InterGen

Lloyds Bank

Santander

Lonmin plc

Morgan Stanley

BAWAG Group

Deutsche Bank

Tata Sons

Work highlights

  • Advised Bank of America Merrill Lynch as the sole underwriter and mandated lead arranger on its $5bn acquisition financing for GlaxoSmithKline plc's takeover of Tesaro, a US-based pharmaceutical company.
  • Acted for British Land on a £735m unsecured revolving credit financing involving a syndicate of 12 banks.
  • Advised FTSE-listed global specialty chemicals company Elementis on the financing of its acquisition of Mondo Minerals for $500m on a cash free, debt free basis from US private equity firm Advent International.
  • Advised G4S plc on several debt financings including a new $350m term loan facility and on the amendment and extension of its existing revolving credit facility to create a £700m multi-currency revolving facility.
  • Advised HSBC on the amendment and restatement of the up to $1.5bn reserves-based lending facility to Kosmos Energy.

Led by Nicholas Tostivin, Baker McKenzie's banking and finance team has increased bandwidth and critical mass with which to serve a balanced roster of corporates, lenders and sponsors by virtue of a number of hires in 2018, including leveraged finance expert Matthew Cox from Ropes & Gray LLP. The team is particularly accomplished at handling multi-jurisdictional mandates where it is able to tap into expertise across its broad-ranging international network. Particular areas of strength include work within the emerging markets, including Turkey and Sub-Saharan Africa where, in addition to work for commercial banks, it also benefits from a strong relationship with UK Export Finance.

Practice head(s):Nick Tostivin

Other key lawyers:Matthew Cox; Matthew Smith

Testimonials

'The team is quick to understand commercial priorities whilst providing full information of legal implications of commercial decisions.'

'The practice is keen to get to know its clients and to build expertise very quickly.'

Key Clients

Macquarie

Bayerische Landesbank

ING

UK Export Finance

Investec

Work highlights

  • Advised Platinum Equity on the financing associated with the purchase of the Global Mail Production business from Pitney Bowes, which included the UK aspects of the acquisition financing package.
  • Acting for a syndicate of 21 banks led by Bank of America Merrill Lynch on a dual currency $506m and £140m term loan facility agreement provided to FirstRand Bank of South Africa.
  • Acted for Ares Management on the financing to facilitate Macquarie and MML Capital Partner's successful bid for ParkingEye from Capita.

The 'first-class' banking team at CMS has strong relationships with the UK clearers ensuring that it picks up a significant volume of bilateral and syndicated lending mandates in the context of event-driven financings, as well as general corporate lending for many FTSE 250 clients. Appreciated by clients for its 'breadth of industry knowledge', this manifests itself most visibly within the TMT, healthcare and infrastructure sectors where the firm has particular expertise. Afforded greater bandwidth in the UK as a result of the firm's recent merger with Olswang and Nabarro, and also able to access lawyers across the firm's international network, the team is as comfortable handling purely domestic mandates as it is multi-jurisdictional ones. Alex Patience has an excellent reputation in the syndicated lending market, including his work for a banking syndicate on the financing of WH Smith plc’s acquisition of US travel retailer In Motion.

Practice head(s):Patrick Donegan; Charles Kerrigan

Other key lawyers:Ted Harrison; Mark Moseling; Alex Patience; Anne Chitan; Ruth Marken; Kerry Langton; Tom Siggers; Tom Hughes

Testimonials

'The team is incredibly client focused without ever moving away from the bigger picture.'

'The experienced Ted Harrison is very well connected around the banking market.'

'Charles Kerrigan is the go-to person in the London market for funding intangible and digital assets.'

Key Clients

Lloyds Banking Group

The Royal Bank of Scotland Group

Legal & General

HSBC Bank

CityFibre

Oakley Capital

Allied Irish Bank

LDC

Circle Media

Ei Group plc

Work highlights

  • Advised Lloyds and NatWest as mandated lead arrangers and a syndicate of banks on their £438m debt facilities to AIM-listed CareTech plc, for its reverse takeover of Cambian Group plc.
  • Acted for the syndicate of banks lending to WH Smith plc providing acquisition facilities to it to enable the UK retailer to make significant inroads in the US travel retail market by buying the US pure play travel retailer, InMotion in an acquisition worth $198m.
  • Acted for the syndicate of lenders lending to alcoholic drinks manufacturer, C&C Group, allowing it to finance the acquisition of the Matthew Clark and Bibendum distribution businesses, giving it on-trade market access and supplier relationships.
  • Acted for the syndicate of lenders in the provision of £300m facilities to BGL Group.
  • Advised international farming group, Spearhead International, and their shareholder, Paine Swartz Partners, on the Group’s €185m debt facilities with ING, Erste Bank, Pekao, Raiffeisen and BNP.

Aided by its extensive network of international offices, the 'experienced and knowledgeable' team at¬†Dentons¬†is very accomplished at advising international banks on syndicated facilities in the EMEA region, including on transactions guaranteed by development banks/export credit agencies. The 'outstanding'¬†Isaac Felberbaum¬†has 'many years of experience in the syndicated loan market' and excels at representing lending syndicates providing liquidity to other financial institutions in the emerging markets. Felberbaum is particularly well attuned to the Turkish market and, working alongside colleagues from the firm's Istanbul office, regularly acts for banking syndicates lending to Turkish banks. He recently advised a leading global bank and a syndicate of banks on a $980m one-year syndicated loan to Akbank T√ľrk Anonim Ňěirketi.

Practice head(s):Isaac Felberbaum; Catherine Astruc

Other key lawyers:Robert Spedding; James Ingham; Joe Byron Evans

Testimonials

'Experience and know-how are two key ingredients and Dentons has this in abundance.'

'The team is personable, reactive and efficient.'

'Isaac Felberbaum is always attentive and responsive and ready to deal with any issue in a timely manner.'

Key Clients

Industrial and Commercial Bank of China (ICBC)

Mizuho Bank

Sumitomo Mitsui Banking Corporation

Bank of Communications

Wells Fargo

Arab Banking Corporation (Bank ABC)

Commerzbank

Emirates NBD

Standard Bank

International Finance Corporation (IFC)

Bayerische Landesbank

Mashreqbank psc

Abu Dhabi Commercial Bank PJSC

ING Bank

Work highlights

  • Advising Standard Bank, IFC and a leading global bank the $140m secured syndicated facilities provided to Westfalia Fruit International Limited to finance the acquisition of an interest in a joint venture in Chile.
  • Advising a leading global bank and a syndicate of lenders on a $770m Dual Currency Syndicated Term Loan Facility Agreement for Türkiye İhracat Kredi Bankası A.Ş. (Türk Eximbank), the Turkish export credit agency.
  • Advising a leading global bank and a syndicate of 20 other lenders, on a $1.3bn receivables backed pre-export finance facility in favour of the Ghana Cocoa Marketing Board in respect of the 2018–2019 cocoa crop.
  • Advised a leading global bank and a syndicate of banks on a $980m one-year syndicated loan to Akbank Türk Anonim Şirketi.
  • Advising Mizuho Bank and a syndicate of lenders on a $1.2bn dual currency loan facility agreement to Türkiye Vakıflar Bankası T.A.O (Vakıf Bank).

Although it remains best-known for its pre-eminent mid/upper-mid market leveraged finance brand, because of its close ties with a wide range of financial institutions including UK clearing banks, investment banks and direct lenders, Hogan Lovells International LLP also regularly handles other financing work including fund financing, investment grade corporate lending and syndicated lending to facilitate corporate facing acquisition finance mandates. Global head of finance, Matthew Cottis, handles a plethora of syndicated lending work in the context of acquisition finance, as well as general corporate lending. Along with Penny Angell, Cottis is also noted for his insurance acquisition finance expertise where he is able to leverage the firm's overarching knowledge in this highly regulated sector.

Practice head(s):Penny Angell

Other key lawyers:Matthew Cottis; Paul Mullen; Jo Robinson; Alexander Premont; David Leggott; Aimee Sharman

Testimonials

'The team is highly dedicated, professional and reliable and can work to simplify processes in sometimes very complex situations.'

'Penny Angell has the ability to organise projects and provide support where needed in large club transactions.'

'Due to his comprehensive experience in various financing structures, David Leggott has a well-calibrated comprehension of both the risk appetite of banks and the respective market practice.'

Key Clients

Lloyds Banking Group

HSBC

Citibank

Ares Management

BNP Paribas

Société Générale

Intermediate Capital Group

African Export-Import Bank

Standard Chartered Bank

HNA Group

Work highlights

  • Advising Goldman Sachs on the provision of a £100m bank facility to Five Guys UK.
  • Acted for Shaftesbury plc in relation to a £100m revolving credit facility.
  • Acted for RBS/NatWest and its direct lending partners AIG, M&G and Hermes in connection with the £115m senior facilities made available to fund Francisco Partner's acquisition of ByBox, the software and supply chain management company from LDC.
  • Advised a syndicate of lenders on a subscription financing to a leading European private equity fund. The team worked seamlessly on this transaction which involved multiple different jurisdictions and complex fund structures.

The 'responsive and well-organised' team at¬†Norton Rose Fulbright¬†provides a 'commercial and thoughtful service' to lenders and investment grade corporates across a broad spectrum of syndicated and bilateral lending work, particularly in relation to transactions which occur within sector areas of focus for the firm¬†‚Äď including energy, infrastructure, media and transportation. The team regularly advises on financing deals within emerging markets and has a strong track record in handling Africa-related matters¬†‚Äď often backed by¬†a mix of development finance institutions and commercial lenders. The firm also benefits from access to ancillary areas of expertise, including asset-based lending and Islamic finance, ensuring that it is able to handle the more bespoke transactions in the market.¬†Michael Ings¬†has vast experience handling financing work within the telecoms and media sectors throughout EMEA.

Practice head(s):Chris Brown; Michael Ings

Other key lawyers:Michael Black; Farmida Bi; Daniel Metcalfe; Neha Khosla; Alex Zekkos

Testimonials

'The team is very responsive and well-organised.'

Key Clients

Africa Finance Corporation

AIG

Al Rayan Bank

AT&T

Bank of America

Bank of China

Bankmed, Sal

Balfour Beatty

BHP

BMW

Bombardier

BP

Brookfield

Cell C

Citi

Crédit Agricole

DBS Bank

Deutsche Bank

Ministry of Finance of Angola

Domino’s Pizza

ExxonMobil

GSK

HSBC

ICBC

IMI Group

International Finance Corporation

ING

JP Morgan

Marubeni

Macquarie

McLaren

Mizuho

Rio Tinto

Rosneft Oil

Royal Bank of Canada

Proparco

Shell

SNC Lavalin

Standard Bank

Standard Chartered Bank

Trinity Mirror

Tullow

Turk Telekomünikasyon

Wells Fargo

United Overseas Bank

Bank of Tokyo Mitsubishi

Guarantco

TowerShare

Danaos

Mercuria Energy

Work highlights

  • Advised Emerging Africa Infrastructure Fund (EAIF) in relation to its latest round of debt fundraising, in which EAIF raised approximately $385m in new long-term debt capital to invest in sub-Saharan African infrastructure projects.
  • Advised Standard Chartered Bank on its $700m syndicated conventional debt financing and Islamic commodity murabaha financing to the Government of Pakistan.
  • Advised GuarantCo, the international development finance institution, in relation to a landmark INR2.5bn (c.$60m) dual tranche wrapped and rated bond issue by Sindicatum Renewable Energy Company.
  • Advised long-standing client, Trinity Mirror plc, on the financing relating to its acquisition of Northern & Shell’s publishing assets for a total purchase price of £126.7m.
  • Advised the Ministry of Finance of Angola on the financing of commercial contracts for the design, construction and operations of three hospitals and two power substations in Angola, securing UK Export Finance (UKEF) support worth more than $500 million.

At the vanguard of evolving market technologies, which includes expertise at handling bank and bond financings, as well as deals tapping into the US and European Term Loan B  markets, White & Case LLP's knowledge across the capital structure for both lenders and borrowers ensures that it handles a significant amount of investment grade corporate lending and syndicated financing mandates. Benefiting from access to a strong international network, not just in the US but also across the EMEA region, the firm excels at handling big-ticket multi-jurisdictional financings and refinancings. Christopher Czarnocki has an excellent reputation for handling emerging markets mandates on behalf of corporates, lenders and sovereign borrowers.

Other key lawyers:Jeremy Duffy; Colin Harley; Martin Forbes; Christopher Czarnocki; Jacqueline Evans; James Hardy; Nicola Chapman

Key Clients

GSO Capital Partners

Credit Suisse

JP Morgan

Deutsche Bank

Nordea Bank

Goldman Sachs

Bridgepoint

Castik Capital

Hg Capital

CVC

Bluebay Asset Management

Apollo

Ares Management

AlbaCore Capital

PSP Investments

SEB Group

GS PIA

Work highlights

  • Acted for JLA New Equityco Limited in connection with a refinancing of its senior facility and PIK facility.
  • Represented UBS in connection with the provision of a $2.1bn incremental term loan facility for ION Trading Technologies Sarl and ION Trading Finance Limited.
  • Represented Waterlogic, in connection with a $490m (equivalent) refinancing of its existing facilities with the new facilities also being used for further growth and investment.
  • Represented global coordinator Deutsche Bank and bookrunners Commerzbank and Unicredit in connection with the refinancing of Minimax Viking's financing arrangements.
  • Representing the lenders on the establishment of $1.1bn (equivalent) senior credit facilities for OCI comprised of a term loan facility in an amount of up to $400m (denominated in euros), and a multicurrency revolving credit facility of up to $700m.

Tapping into longstanding relationships with UK clearing banks, and also regularly servicing corporate clients on their financing requirements, Addleshaw Goddard has a strong reputation for handling mid-market bilateral, club and syndicated mandates, where it is able to provide a 'cost-effective and solutions-oriented service' by virtue of its ability to resource deals from London and out of its regional offices. Co-head Amanda Gray handles a diverse range of corporate banking transactions for lenders and borrowers. The 'commercially-minded' Mike Davison is also recommended and adds increased flexibility on financing deals by virtue of his asset-based lending prowess.

Practice head(s):Amanda Gray; Alex Dumphy

Other key lawyers:Angus Gill; Mike Davison; Steve Mackie; James Tarleton; Natalie Hewitt

Testimonials

'Mike Davison is well known in the industry for his specific know-how and commercially-minded approach.'

Key Clients

Aareal Bank

ACT Property Holdings Limited & Others

Action Health Enterprises

Advance Global Capital

Aer Lingus

AgFe UK Real Estate

AIB Group (UK) plc

AIG Asset Management (Europe) Ltd

Air Asia Berhad

AKKR

Al Rayan Bank

Alcentra Limited

Arbuthnot Latham & Co. Limited

Assura Financing Limited

Aviation Capital Group

BAE Systems Pension Funds Investment Management

Balder Capital

Bank Hapoalim (Switzerland) Limited

Bank Leumi (UK) plc

Bank of Ireland

Bank of London and The Middle East plc

Prudential Trustee Company

Bargate Property Limited

Barings (UK) Limited

Bayerische Landesbank

Be at One Holdings Limited

Berlin Hyp

BlackRock Investment Management (UK) Limited

BNP Paribas Commercial Finance Ltd

Boiler House Development

BPP Legal Advice Clinic

Brentford Phase II LLP

Brickfield Investments

British Airways plc

British Arab Commercial Bank plc

Britvic Soft Drinks Limited

C C Land Holdings Limited

Canada Life Limited

Cargo Investments Limited

Cassio Watford Limited

Castle Trust Capital plc

Close Invoice Finance

Closerstill Group Limited

Cooperatieve Rabobank

Cordoba Homes Finance

Cortland Trustees Limited

Dandara Limited

Denby Holdings Limited

Deutsche Bank AG (London Branch)

Deutsche Hypothekenbank

Dexia Credit Local

DRC Capital

Dubai Aviation City Corporation (aka FlyDubai)

East African Breweries

ECI Partners

Educo Three Limited

EIGHT House S.a.r.l.

Employees Provident Fund

Eversholt

Fifth Third Bank

First City Monument Bank

Fortwell Capital

Gain Capital UK Limited

GC Gilray Limited

GE Capital Bank

GR Properties Limited

GSK Luxembourg

Guralp Systems Limited

GVC Holdings plc

Halos Limited & Prudential Trustee Company Limited

Hanner Tank Limited

Harpur Centre Bedford Limited

HEC Finance 03 Limited

Helix Property Limited

Heritage Square Limited

Hermes Real Estate Senior Debt Fund

Hero Inc.

Housing Growth Partnership Manager

HRE Limited

HSH Nordbank

Iberia Líneas Aéreas de España, S.A. Operadora

ICBC (London) plc

ICICI Bank (UK) plc

Industrial and Commercial Bank of China Limited

Inflexion Private Equity Partners

Innovative Bites

International Consolidated Airlines Group

Investec Bank plc

Ivy Aviations Limited

KTB Asset Management

Landesbank Hessen- Thuringen GZ (aka Helaba)

LATAM Airlines Group S.A.

LawWorks

Legal & General Investment Management

Lembaga Tabung Haji

Leumi ABL Limited

Longbow Real Estate Capital LLP and Longbow Investment NO

LV Commercial Mortgages Limited

Lucid Agency Services Limited and Lucid Trustees Services

Macquarie Bank International Limited

Marcegaglia Carbon Steel

McLaren Property Limited

Millstream Property Limited

Mirabella Financial Services

Moore Stephens

Morris Group Limited

Mount Anvil

Muzinich

Muse Developments Limited

Napier Brown Holdings

Nationwide Building Society

Natixis Factor

Naviter Capital

Danske Bank  Pension Insurance Corporation plc

Mount Street Mortgage Servicing Limited

PNC Business Credit

Price Forbes Holdings Limited

Property & Funding Solutions

Public Bank Berhad

Puma Investment Management

RBC Europe Limited

Red's Smoque Limited

The Serviced Apartment Company Limited

The Bank of New York Mellon, London Branch

Samworth Brothers

Scapa Group plc

Secure Trust Bank plc

Shawbrook Bank

ShawCor Ltd

Shinhan Bank (London Branch)

Shoreditch Holdings

SixtyFive House

SmBc

Sofa.com

Societe Generale Group

Standard Chartered Bank

Standard Life Investments Limited

Storage 21 Holdings Inc

Stryker European Operations

Sumitomo Mitsui Trust Bank

Synova

Svenska Handelsbanken AB (publ)

Tech Data Limited

Tellon Capital

The Bank of Tokyo-Mitsubishi

The Housing Finance Corporation Limited

The Law Debenture Trust Corporation plc

Triodos Bank NV (UK Branch)

TrustLaw

Tajara Capital Limited

UK Rents (No 1) plc

Union Bancaire Privée

UPP Group Limited

Victory House

Volito Aviation

Waterside Places

Wellesley Finance plc

Wells Fargo & Company

Westdeutsche ImmobilienBank

Wings Capital Partners Management

Wyelands Bank plc

Yorkshire Building Society

Work highlights

  • Advised the lending club on a cross-border leveraged finance transaction where the lending club financed the MBO of K2 Partnering Solutions Limited.
  • Acted for Barings Global Advisors Limited on its refinancing of the equity bridge provided by ECI Partners to acquire the outsourced communications provider TDKP Limited (operating as Moneypenny).
  • Acted for Muzinich & Co (the US private debt fund) in connection with facilities to finance Lloyds Development Capital's acquisition of FC Business Intelligence (a global events company). The firm also advised HSBC UK Bank plc as provider of the super senior revolving credit facility and Lucid as agent and security agent.
  • Advised Samworths (one of the leading own label food producers and largest privately owned businesses in the UK) on its banking facilities in connection with its conditional acquisition of the 2 Sisters' sandwich business, subject to Competition and Markets Authority approval process.
  • Advised Lloyds Bank as super senior revolving credit facility provider on the recapitalisation of Revolution Beauty.

'Always willing to go the extra mile to get things done', Bryan Cave Leighton Paisner LLP provides a 'responsive and proactive service' across a range of corporate lending and company-led acquisition financings to a compelling mix of banks (including Barclays and HSBC) and investment grade corporates (including Playtech Plc and Tesco). The firm is praised for its 'wide knowledgebase' which includes ancillary expertise in funds finance and asset based lending, as well as sector expertise across the healthcare, retail and real estate industries. Team head Emma Howdle-Fuller is recommended for investment grade and syndicated lending work.

Practice head(s):Emma Howdle-Fuller

Other key lawyers:Derek Hrydziuszko; Daisy Reeves; Shanan Dunstan; Daniel Finch

Testimonials

'The team is extremely responsive, organised and client focused.'

'The lawyers embrace the unusual and are effectively able to balance the core structural requirements of a financing with an appreciation of some of the nuances of complex private clients.'

'Daisy Reeves is particularly good at providing her clients with the care and attention that is needed in any negotiation. This dedication along with her technical knowledge and solution finding approach make her an invaluable member of any deal team.'

Key Clients

Barclay family

Barclays Bank

BCA Marketplace plc

Charlford Limited

Clearbell

Colne Bridge Limited

Deutsche Bank

ECOM Trading

Factofrance

Flybe Group plc

Gett

Goldman Sachs

Work highlights

  • Advising Goldman Sachs International Bank across multiple margin lending and real estate transactions.
  • Advised Mount Street as special servicer on the €74m Monnet Portfolio workout.
  • Advised Clearbell on its £50m capital call revolving credit facility from RBS.
  • Advising BCA Marketplace plc in connection with its £500m acquisition related term and revolving credit facilities provided by a syndicate of banks, including work on its exercise of a one-year extension option, extending the maturity of all of the facilities under the credit facility agreement.
  • Represented Scotia Bank across multiple multicurrency fund finance transactions.

The five-partner multi-disciplinary finance team at Cleary Gottlieb Steen & Hamilton provides a 'high-quality service' to a primarily borrower-focused client base across the spectrum of financing requirements. This ranges from syndicated lending to pre-export financings and recapitalisations. The team regularly handles work for investment grade corporates, including longstanding client ArcelorMittal, which it recently advised on a syndicated bridge loan for the acquisition of Essar Steel in India. Russian and English law-qualified partner, Polina Lyadnova, has a particular niche advising on the financing requirements of emerging markets corporates. The team also has expertise advising sovereign governments on their finance raising activities.

Other key lawyers:Andrew Shutter; Polina Lyadnova; David Billington; Carlo de Vito Piscicelli; Sui-Jim Ho

Testimonials

'The team has deep knowledge and experience in the field of debt financing.'

'Polina Lyadnova is client-oriented and very responsive.'

Key Clients

ATALIAN

American Express

Aperam

ArcelorMittal

CVC

Cushman & Wakefield

PJSC Nizhnekamskneftekhim

Republic of Chad

Republic of Senegal

Target Global

Work highlights

  • Advised the Belron group in connection with a $455m incremental amendment to a senior secured Term Loan B.
  • Advised American Express, as 50% shareholder of Amex Global Business Travel,  on its joint venture with a Certares backed financial sponsor consortium in the finance and corporate aspects of its £400m takeover of Hogg Robinson plc.
  • Advising ArcelorMittal on a $7bn syndicated bridge loan for the acquisition of Essar Steel in India.
  • Advised The Republic of Senegal in a €250m bridge-to-bond loan entered in to with Citibank, Standard Chartered Bank, and Société Générale.
  • Advised Cushman & Wakefield on the refinancing of its existing first-lien credit facilities with a new $3.51bn senior secured credit facility (comprised of a $2.7bn term loan facility and a $810m revolving credit facility).

Praised for its 'attention to detail and extremely high-quality legal advice', DLA Piper has a strong foundation representing an impressive roster of banking clients. This includes Lloyds and RBS, which it advises across the spectrum of financing mandates, including on general corporate lending, working capital, and corporate-led acquisition financings (in addition to leveraged mandates). The 'business-savvy' Mark Dwyer has a 'fantastic reputation', and as well as general corporate lending expertise he also has a particular expertise in financing UK public takeovers of listed companies. Dwyer has recently handled numerous refinancing mandates for listed corporates, including Merlin Entertainments plc, which he advised on an increased and extended £600m revolving credit facility used to repay term loans.

Practice head(s):Martin Bartlam; Matt Christmas; Toby Barker; Mark Dwyer

Other key lawyers:Julie Romer; Philip Crump; Andy Kolacki; Douglas Murning; Joywin Mathew

Testimonials

'Mark Dwyer is a superstar lawyer who offers excellent technical advice.'

'Mark Dwyer and his team always considers the bigger picture.'

Key Clients

HSBC

Investec

Lloyds Banking Group

Royal Bank of Scotland

Silicon Valley Bank

Ares Management

Bain Capital Credit

BlueBay Asset Management

CVC Credit Partners

Hayfin Capital Management

Pemberton Asset Management

Discovery

Heineken

VEON

LivaNova

Workspace Group

Graphite Capital

Symphony Technology Group

Work highlights

  • Advising Merlin Entertainments plc on the refinancing of its bank facilities – including an increased and extended £600m revolving credit facility used to repay term loans, implemented in a complex and novel repayment mechanism to rebalance the outgoing lenders and incoming lenders.
  • Acting for FTSE-listed Keller Group plc in respect of the refinancing of its existing credit facilities via entry into a new syndicated revolving credit facility for £375m, provided by a syndicate of eight financial institutions to borrowers within the Keller Group spanning eight jurisdictions.
  • Advised AMG Advanced Metallurgical Group on the refinancing of its group facilities where the lenders extended credit in the form of an initial Term Loan B in an aggregate initial principal amount of $300m, and a revolving facility with an initial available amount of $200m.
  • Acted for Deutsche Bank on a significant bridging facility for NEPI, the European property group.  
  • Advised Zenium Data Centres on amendments to its loan facility following its acquisition by CyrusOne.

Although it is best-known for its leveraged finance prowess, Latham & Watkins' strong investment banking ties with heavy hitters including JP Morgan and Goldman Sachs ensures that it also regularly picks up its fair share of syndicated loans work and investment grade M&A financings. The team is particularly well-positioned to advise on bespoke cross-border mandates which involve deep knowledge across the capital structure, including on dual bank and bond financings. The vastly experienced Stephen E Kensell's leading bank-side reputation sees him engaged in a significant flow of investment-grade M&A and IPO-related finance. He recently advised HSBC on the term loan and revolving credit facilities in connection with Cineworld Group’s $4.3bn acquisition of Regal Entertainment Group.

Practice head(s):Sam Hamilton

Other key lawyers:Stephen Kensell; Ross Pooley; Dan Maze; Adrian Chiodo; Mohamed Nurmohamed; Ross Anderson

Key Clients

JP Morgan

Goldman Sachs

Deutsche Bank

Morgan Stanley

Work highlights

  • Represented JP Morgan, as lender’s counsel, on term loan facilities in connection with Takeda Pharmaceutical Company's acquisition of Shire plc, an Ireland-based biopharmaceutical company.
  • Represented Bank of America on the refinancing for Algeco Scotsman, which included underwritten bridge facilities and commitment to provide an asset-backed loan facility.
  • Represented Rabobank, as lender’s counsel, on term loans and a revolving credit facility in connection with Partners Group's acquisition of Ammeraal Beltech Group, a Dutch conveyer belt manufacturer, and Megadyne Group, an Italian maker of transmission belts.
  • Represented Credit Suisse, as lender’s counsel, on financing the acquisition of the Afriflora group and its subsequent merger with the Flamingo group.
  • Represented HSBC, as lender’s counsel, on the term loan and revolving credit facilities in connection with Cineworld Group’s $4.3bn acquisition of Regal Entertainment Group, a motion picture exhibitor.

Allied to Macfarlanes LLP's premier mid-market leveraged finance offering for private equity sponsors, the firm also regularly handles the ongoing financing requirements of numerous listed companies. The 'superb' Kirstie Hutchinson has a strong reputation among some major investment grade corporates, including JD Wetherspoon plc, which she recently advised on a revolving credit facility arranged by a syndicate of banks. The firm's deep relationships with credit funds not only generates work in relation to their direct lending mandates, but also in terms of work for them as borrowers in securing bank-lent facilities to leverage the funds themselves.

Practice head(s):Christopher Lawrence

Other key lawyers:Andrew Perkins; Kirstie Hutchinson; Sarah Ward

Testimonials

'Kirstie Hutchinson has a fantastic work ethic.'

Key Clients

Alchemy Partners

Ares Capital Europe

Caledonia Investments

Cimpress

Exponent Private Equity

GHO Capital

Hayfin Capital Management

JD Wetherspoon plc

Partners Group

Salary Finance

Shawbrook Bank

Spectris plc

Work highlights

  • Advised Cimpress on the issuance of its latest high yield bonds, $400m senior unsecured notes, coupled with amendment to Cimpress’s $1.613bn credit agreement (the refinancing of which the firm also advised on in 2017).
  • Act for Partners Group in connection with master facilities agreements to provide bridge and general funding for a large number of funds making private equity and real estate investments.
  • Advised Spectris plc on the negotiation and inception of its new $800m revolving credit facility agreement provided by a syndicate of ten international banks.
  • Advised JD Wetherspoon on its new £875m revolving credit facility, arranged by a syndicate of banks.

Co-headed by the 'very experienced' Alex Dell and Dominic Griffiths, who both have an excellent pedigree for asset-based lending, Mayer Brown International LLP's banking and finance team excels at handling partner-led, bespoke mandates. Aided by a comprehensive international network which includes practitioners based in other key global financial centres including Hong Kong and New York, much of the team's work is of a multi-jurisdictional nature and often includes UK and US-governed debt products. UK, US and German-qualified partner, Bernd Bohr, impresses clients with his 'ability to personally cover the full spectrum of lending products in Europe', including as it relates to bond and loan transactions. Other niche areas of expertise include real estate finance and funds finance.

Practice head(s):Dominic Griffiths; Alex Dell

Other key lawyers:David O’Connor; Stuart Brinkworth; Bernd Bohr; Paul Tannenbaum; Andrew Crotty; Ashley McDermott; Charles Thain; Ravi Amin

Key Clients

Francisco Partners Management

Led out of London by Martin Bishop  and aided by a strong regional offering, Pinsent Masons LLP has 'good depth' and the ability to provide a cost-effective service to UK clearing banks on syndicated lending facilities to many large listed corporates. Bishop has a particularly strong and longstanding relationship with HSBC, which he advises across a range of transaction types and sectors, and Liam Terry has a flourishing reputation in the corporate lending market.

Practice head(s):Martin Bishop

Other key lawyers:Matt Morgan; David Doogan; Philip Scott; Vanessa Heap; Liam Terry; Jane Boyd

Key Clients

HSBC Bank

The Royal Bank of Scotland plc/NatWest Markets

Work highlights

  • Represented the syndicate of lenders providing £100m term and revolving facilities to JTC Group plc.
  • Acted for a syndicate of lenders providing £150m revolving credit facilities to Sanne Group plc.
  • Acting for lenders providing acquisition finance to support SDL plc's acquisition of Donnelley Language Services.
  • Advised the lender syndicate in relation to a £500m term and revolving credit facilities for Breedon Group.
  • Acted for the group of lenders providing £325m facilities to PZ Cussons plc.

Able to structure deals implementing UK and US-governed debt products, the 'responsive, creative and solutions-oriented' three-partner team at Ropes & Gray LLP is particularly accomplished at handling big-ticket financings for multinationals in the TMT space, including Liberty Global and Altice. The team has also developed a particular expertise in advising on financings in the regulated travel sector.

Practice head(s):Michael Kazakevich

Other key lawyers:Mike Goetz; Malcolm Hitching; Carol Van der Vorst; Alex Robb; Alexandru Mocanu

Key Clients

Altice

MV Credit

Cable & Wireless

Partners Group

Telenet

Epiris

Bridgepoint Advisers

Oaktree

Duke Street Capital

Virgin Media

Work highlights

  • Advised MV Credit on a number of large cap financing matters, including on the second lien financing provided to Itiviti to refinance existing indebtedness and support the acquisition of Ullink.
  • Advising long-standing client, Liberty Global, on numerous English law loan financing matters, including in connection with the acquisition financing and working capital line for its acquisition of Coolmath, a US content business, and on the sale of European assets to Vodafone Group.
  • Represented VTR Group in connection with the refinancing of existing credit facilities.

Benefiting from practitioners on the ground in London with dual-US and UK qualifications¬†‚Äď including team head¬†Peter Hayes¬†‚ÄstShearman & Sterling LLP¬†is well suited to the increasing adoption of US technologies in the UK/European loan markets. As well as its strength in the leveraged finance field, the 'knowledgeable, creative and responsive' team also regularly handles corporate lending/corporate acquisition finance work for both banks and borrowers. On the borrower front, as well as providing financing advice to US-based corporates on international mandates, the team also regularly handles work for multinational investment grade corporations including Nokia, which it recently advised on a ‚ā¨500m financing it entered into with the European Investment Bank for the purposes of developing its next generation 5G communications network.¬†The 'incredibly gifted' Mei Lian¬†is another key member of the team.

Practice head(s):Peter Hayes

Other key lawyers:Iain Goalen; Anthony Ward; Mei Lian; Ronan Wicks; Korey Fevzi; Philip Stopford; Jackson Lam

Testimonials

'The commercial and experienced team provides a great client service.'

'Mei Lian has a knack for explaining complex things in a clear, easy to understand way. Her manner has often helped defuse heated negotiations and drive them to success through a constructive and business friendly ability to think out of the box'

Key Clients

Barclays Bank plc

Merrill Lynch

Wells Fargo

Nokia Corporation

Investcorp

Bridgepoint

AlbaCore Capital

Aditya Birla Group

Piraeus Bank

JP Morgan

Canada Pension Plan Investment Board (CPPIB)

Public Sector Pension Investment Board (PSP Investments)

GoldenTree Asset Management

BNP Paribas

RBS

Deutsche Bank (London Branch)

Work highlights

  • Advised Merrill Lynch and Wells Fargo as lead arrangers in connection with the bridge and term loan financings related to Comcast’s £30bn offer for Sky, a leading entertainment and communications company in Europe.
  • Advised Nokia Corporation in relation to a new €500m financing it entered into with the European Investment Bank, the proceeds of which are to be used for developing Nokia's next generation 5G communications network. The loan is supported by the European Fund for Strategic Investments (EFSI), a key element of the European Commission’s Investment Plan for Europe.
  • Advising Birla Carbon, the carbon black business limb of the Aditya Birla Group, on its $1.2bn financing package.
  • Advised SPGPrints (an Investcorp portfolio company) in relation to its refinancing completed in conjunction with a major disposal and dividend recap.

Simmons & Simmons¬†provides a 'pragmatic and commercial service' to¬†banks and corporates across a range of mandates, including as it relates to general corporate lending, acquisition financing and refinancing mandates. Praised for her 'calm and considered manner',¬†Jen Yee Chan¬†has successfully cultivated a strong funds finance practice at the firm since her arrival in 2017¬†which¬†‚Äď allied to the firm's overarching asset management strength ‚Äď is appreciated by both lenders and sponsors for its 'thorough levels of diligence'. The firm also maintains its strong position among the leading lenders and arrangers in the Nordic market.

Practice head(s):Peter Manning

Other key lawyers:Jen Yee Chan; John Sayers; Cameron Roper; Emmie Spring; Katie-Jane Rees; Cara Sykes

Leveraging the firm's impressive corporate credentials both out the UK and US, Skadden, Arps, Slate, Meagher & Flom (UK) LLP handles a significant flow of investment grade borrower-side financing work for US multinationals and listed European companies. Led by Mark Darley, the team excels in financing deals implementing complex layers of debt often involving a combination of US and European finance techniques. In a deal which involved a syndicate of 16 lenders from across Asia, Europe and the US, recent highlights include Darley's representation of Sands China on its multi-currency revolving credit facility.

Practice head(s):Mark Darley

Other key lawyers:Clive Wells; Pete Coulton; Andrew Brown

Key Clients

Sands China

CME Group

F.I.L.A.

Castik Capital

Hg

Ashtead Group plc

Sophos Group plc

Colony Capital

Gazit-Globe

Eco-Bat Technologies

Work highlights

  • Advised Sands China, a subsidiary of Las Vegas Sands Corp, in connection with a $2bn multi-currency revolving credit facility.
  • Advised the Ferrero family office and Ferrara Candy Company on the financing of their $2.8bn acquisition of Nestle’s US confectionary assets and related intellectual property.
  • Advised CME Group, the world's largest futures exchange, on its acquisition of NEX Group plc for £4.3bn, including in relation to certain funds £1.58bn debt facilities used to finance the acquisition.
  • Advised F.I.L.A. Fabbrica Italiana Lapis ed Affini S.p.A. (Italy), one of the world’s leading manufacturers of drawing and colouring materials, on the financing elements of the $340m acquisition by its subsidiary Dixon Ticonderoga Company of Pacon Holding Company from Mason Wells Inc.
  • Advised Morgan Stanley as senior lender and financial advisor to Global Business Travel Holdings, a wholly owned subsidiary of GBT III B.V., a Netherlands-based tour operations company, in its announced acquisition of Hogg Robinson Group plc, a publicly traded, UK-based corporate services organisation, for consideration of approximately £400m.

Well hedged by virtue of its expertise handling deals in both developed and emerging markets,¬†Winston & Strawn LLP¬†has solid deal flow on behalf of traditional and development financing institutions, often involving syndicated lender structuring. Able to provide UK and US law advice on financing mandates, the team has expertise across the capital structure, including on senior, subordinated, secured and unsecured debt and hybrid structures. One of the founding partners of the London office,¬†Zo√ę Ashcroft,¬† has a particular niche advising on¬†cross-border financings in Sub-Saharan Africa.

Practice head(s):Zoë Ashcroft; Ian Borman

Other key lawyers:Daniela Cohen; Conor Boyle

Testimonials

'Ian Borman is a master of his brief and a match for a roomful of opposing counsel.'

Key Clients

BMO Harris Bank

Rabigh Refining and Petrochemical Co

Argand Partners

Barings Finance

Hiscox Insurance plc

Citizens, NA

Deutsche Bank

Guggenheim Securities

AM Castle

Metric Capital

Work highlights

  • Advised Hiscox plc on its $800m refinancing involving a syndicate of banks.
  • Represented General American Capital Partners on the equity and financing aspects of its acquisition of professional French football club, Les Girondins de Bordeaux.
  • Represented Industrea Acquisition Corp. in connection with the acquisition of Brundage Bone Concrete Pumping Holdings Inc. and related financing.
  • Representing a Nigerian oil and gas exploration company as a joint venture partner in connection with a high-value reserves-based lending facility relating to the development of oil fields in Nigeria.

At Akin Gump LLP, Russian-speaking team head Robert Aulsebrook has a particular niche advising on financing work with a Russia nexus and continues to handle a significant amount of work for multinational oil and gas company PJSC Lukoil. The arrival in November 2018 of Tom O’Connor from Morgan, Lewis & Bockius UK LLP broadens the scope of the firm's offering and provides front-end private placement expertise for institutional investors,   which supplements the firm's preeminent bondholder restructuring practice.

Practice head(s):Robert Aulsebrook

Other key lawyers:Stephen Peppiatt; Tom O’Connor; Tori Weir; Inderveer Hothi

Testimonials

'Robert Aulsebrook has the ability to provide tailor-made solutions and to provide a strong defence of the client's position.'

Key Clients

PJSC LUKOIL

Lukinter Finance

CEVA Group plc

VEON (formerly VimpelCom)

Tennenbaum Capital Partners, Deutsche Bank and Goldman Sachs BDC

Affinion Group Holdings, Inc.

VTB Bank

Work highlights

  • Advised PJSC LUKOIL as guarantor and LUKOIL Overseas Uzbekistan Limited as borrower on a $660m financing to fund the construction of a gas processing complex in Uzbekistan.
  •    

Although it is much narrower in scope than many of its higher-ranked peer firms, Bracewell (UK) LLP has a 'very strong reputation' for energy-related financings. Team head Jason Fox focuses on the upstream oil and gas sector and has a huge market share on behalf of banks and borrowers in the reserve-based lending space.

Practice head(s):Jason Fox

Other key lawyers:Olivia Caddy; Oliver Irwin; Eimear Murphy

Key Clients

Goldman Sachs

BNP Paribas

Natixis

ING Bank

Societe Generale

Premier Oil

Seplat Petroleum

Neptune Energy

Cheiron Petroleum

Shoreline Natural Resources

Eland Oil & Gas

Work highlights

  • Advised Neptune Energy in connection with the debt financing aspects of the $3.9bn acquisition of a majority stake in ENGIE E&P International.
  • Advised Shoreline Natural Resources on a $534m financing.
  • Advised Seplat Petroleum Development Company plc in connection with a $300m revolving credit facility agreement.
  • Advised Société Générale as documentation bank and lead arranger on a reserve based financing for Zennor Petroleum.
  • Advised Mazoon Petrogas SAOC as borrower under a reserve-based financing of oil and gas assets in Oman arranged by HSBC, ING Bank, Arab Banking Corporation and Oman Arab Bank.

Leading mandates out of London, and also regularly supporting on the English law aspects of deals handled out of the US, Greenberg Traurig, LLP's four-partner team excels in complex cross-border financing work for a primarily borrower-focused client base. The team has a particular focus on real estate-related work, as well as a growing prominence in the music/entertainment sector. The 'very technical' team head, Emma Menzies, handles general syndicated lending as part of her broad-ranging finance offering.

Practice head(s):Emma Menzies

Other key lawyers:Gary Bellingham; Dorothee Fischer-Appelt

Testimonials

'The team inspires trust in the feedback and advice being provided.'

'Emma Menzies is a very clear communicator.'

Key Clients

Nomad Foods Limited

Stars Group

JP Morgan Chase, National Association

XXIII Capital Partners Limited

Zenprop

Nomad Midco Europe Limited

Highgate Unit Trust

Oxford Technology Park

KDB; Societe Generale

DRC Capital

Work highlights

  • Advised Nomad Foods in a $240m bank debt and high-yield financing for the acquisition of Aunt Bessie's.
  • Acted as English counsel to Toronto-based Stars Group on its $3.4bn unsecured senior high yield note offering to fund its acquisition of Sky Betting & Gaming.
  • Representation of JP Morgan as English counsel on several financings to a UK music publisher.
  • Representation of UK subsidiary of Zenprop, a South African multinational real estate developer, in a £25m revolving credit facility provided by Investec Bank plc.
  • Representation of Highgate Unit Trust in a £50m facility agreement (and subsequent increase) granted by Santander for the purpose of acquiring a property-owning target company and its subsidiary as well as other properties.

Led by Marc Isaacs on the corporate lending front and Jennifer Kafcas for derivatives, McGuireWoods London LLP's eight-strong debt finance team demonstrates 'considerable market knowledge' and provides a 'commercial service' to a primarily lender-focused client base across a range of work which includes cross-border syndicated lending and public takeover financings. As well as regularly acting on its own, the team also works alongside lawyers from its US offices, as demonstrated by its recent work for PNC Bank where it advised on the English law aspects of a revolving loan facility provided to Marsh & McLennan Companies.

Practice head(s):Marc Isaacs; Jennifer Kafcas

Other key lawyers:Lauren Blaber

Testimonials

'The firm performs strongly in delivering documentation and demonstrates a strong commercial understanding in acting for banks' interests.'

Key Clients

Enstar Group Limited

Investec Bank plc

Deutsche Bank

Bank of America

Wells Fargo Bank

Barings Finance

PNC Bank

Bank of Montreal

Clydesdale Bank

Allied Irish Bank

Fifth Third Bank

Rabobank

Svenska Handelsbanken

Orix Corporation

Work highlights

  • Acted for Enstar Group, and in particular its English subsidiary Enstar (US Asia-Pac) Holdings Limited, on the English law aspects of a $600m revolving credit facility agreement arranged by National Australia Bank, Barclays Bank and Wells Fargo.
  • Acts for Investec Bank on secured hedging transactions in respect of leveraged finance, projects, high yield bonds and private equity funds.
  • Advises Deutsche Bank in respect of secured hedging transactions in respect of leveraged finance, projects, high-yield bonds and private equity funds.
  • Advised Bank of America in its capacity as administrative agent in the negotiation of loan documentation with the Chicago Mercantile Exchange Inc. (CME) for an up to $10bn 365-day revolving credit facility. In particular the London office acted on the English law aspects of reviewing the New York law credit agreement and security, and both the drafting and negotiation of an English law security agreement whereby the Clearinghouse Members grant security over gold bullion deposits and foreign currency exchange deposits held in London.
  • Advised PNC Bank on the English law aspects of a $1.8bn five-year revolving loan facility provided to Marsh & McLennan Companies.

Morrison & Foerster LLP continues to grow its finance offering in London, with the vastly experienced Christopher Kandel as the latest to join the team in February 2019 from Latham & Watkins. Although Kandel's focus is on leveraged finance, he also adds further depth to the team's ability across public M&A, as well as general corporate lending where he is able to provide expertise across the capital structure and across both UK and US law-governed products.

Other key lawyers:Christopher Kandel; Benoit Lavigne; Caroline Jury

Reed Smith LLP has significant general corporate lending expertise, as well as more specialised knowledge across funds finance and real estate finance. The firm is particularly accomplished at handling cross-border transactions within the energy sector, which it is able to effectively resource by virtue of its wide-ranging international network.

Other key lawyers:Bronwen Jones; Leon Stephenson; Nicholas Williams

Although Simpson Thacher & Bartlett LLP's core focus is handling leveraged finance matters for the the firm's blue-chip roster of private equity sponsors, the banking team's expertise across the gamut of senior and subordinated debt (governed by both English and US law) ensures that it is also picks up a not insignificant flow of more general borrower and lender-side mandates which includes cross-border syndicated corporate borrowing, recapitalisations, property finance, and other credit transactions. Recent highlights include advising Barclays Bank on the bridge financing for Boston Scientific Corporation to facilitate its announced acquisition of BTG plc.

Practice head(s):Ian Barratt

Other key lawyers:Sinead O'Shea; Stephen Short; Shahpur Kabraji

Key Clients

Ascential plc

Aston Martin

Auto Trader Group plc

Bank of America Merrill Lynch

Blackstone Real Estate Partners

BMI Healthcare

Bridgepoint

Cinven

Credit Suisse

Deutsche Bank AG, London Branch

Emerald Investment Partners

EQT

Work highlights

  • Advised PHC Holdings Corporation on the financing to facilitate its approximately $1.14bn announced acquisition of Anatomical Pathology.
  • Acted for Barclays Bank in connection with the bridge financing for Boston Scientific Corporation to finance its announced acquisition of BTG plc.
  • Representation of Twenty-First Century Fox in connection with £15.32bn in committed bridge facilities to finance its offer for the acquisition of Sky Plc, the UK-based media company.
  • Representation of Melrose Industries plc in connection with the financing related to its unilateral acquisition of GKN plc, the FTSE 100 engineering firm.
  • Representation of JP Morgan Chase Bank, as lead arranger, and JP Morgan Europe Limited, as facility agent, in connection with the refinancing of the $3.3bn term loan under Formula One Group’s senior secured credit facilities.

While it is best known for its mid-market leveraged finance expertise for private equity sponsors,¬†Travers Smith LLP¬†also handles a significant amount of corporate lending and corporate acquisition finance matters. The team has also successfully secured an increased volume of lender work, both in relation to core acquisition finance and corporate lending work, as well as for funds finance and speciality finance¬†‚Äď where it is acknowledged for its 'excellent knowledge of the market'.¬†Danny Peel¬†has an excellent reputation among lenders in the funds finance space and recently advised a syndicate of banks on a subscription facility made available to a fund.

Practice head(s):Matthew Ayre

Other key lawyers:Danny Peel; Charles Bischoff; Katie McMenamin; Jamie Parish

Testimonials

'The team is constructive and candid.'

'The team is one the leaders in the specialist finance space.'

Key Clients

Shawbrook

Paragon Bank

Royal Bank of Scotland International

Investec

Silicon Valley Bank

Shepherd Neame

HSBC

Bridgepoint/Bridgepoint Development Capital

TA Associates

Phoenix Equity Partners

Work highlights

  • Advised Paragon Bank and part-advised the other syndicate member, British Business Investments, on debt facilities made available to a special purpose vehicle in the Liberis group.
  • Advised Shawbrook Bank, and funds managed by Insight Investment, on the provision of a senior term and revolving facilities agreement to the Glenhawk group.
  • Advised existing client Auto Trader Group plc, the digital automotive classified advertising business, on its £400m refinancing with debt finance provided by a syndicate of lenders.
  • Advised Carpetright plc on a financial restructuring, alongside advising on their CVA and equity fund raise.
  • Advised HSBC as lender on the provision of senior term and revolving facilities made available to finance CBPE Capital's acquisition of a majority stake in Chas A Blatchford & Sons Holdings.

The 'knowledgeable, responsive and cost-effective' team at Bird & Bird LLP has expertise across investment grade, acquisition finance and multi-currency syndicated cross-border lending for borrowers and lenders. The 'knowledgeable, versatile and business-oriented' Andrew Hallgarth is a key member of the team and regularly handles work for multilaterals and development banks engaged in acquisition, asset, project and general financing transactions in emerging markets.

Other key lawyers:Andrew Hallgarth; Samrad Nazer

Testimonials

'The firm has a high level of expertise and efficiency in project finance and general banking transactions, which comes at a materially lower cost than larger law firms.'

'The firm provides partner-led advice, delivered with confidence based on market, and often sector-specific knowledge.'

'Andrew Hallgarth is very helpful and responsive.'

'Andrew Hallgarth offers practical suggestions and clear advice.'

'Samrad Nazer is an exceptional transactional lawyer whose breadth of knowledge across the banking and finance space means he always has a busy practice.'

'Samrad Nazer provides robust and no-nonsense advice.'

Headed by Richard Leeming, the Bristol-based team at Burges Salmon LLP benefits from 'extensive experience' for clearing banks (including Lloyds and RBS) as well as borrowers (National Express Group plc) across a wide array of primarily mid-market finance mandates. As well as a significant flow of general corporate lending instructions, the team also has niche expertise advising on financings across the real estate and energy/infrastructure sectors.

Practice head(s):Richard Leeming

Other key lawyers:Graham Soar; Rachel Ruane; Nathan Curtis; Andrew Eaton; Victoria Allsopp; Katie Allen

Testimonials

'It is a tight knit group that works together well and manages to interface with other teams to ensure a seamless service.'

'Katie Allen is a smart and diligent lawyer that demonstrates commercial thinking and solution-based advice.'

 

Key Clients

Lloyds Banking Group

HSBC UK Bank

The Royal Bank of Scotland

National Express Group plc

DRC Capital

Gravis Capital Partners

Bluefield SIF Investments

ICG Longbow

M&G Investments

C & J Clark

Work highlights

  • Advised National Australia Bank and Santander UK on the £85m financing of a portfolio of English onshore wind projects, owned by Banks Renewables.
  • Advised Octopus Group on its funding of new zero emission vehicles at Heathrow Airport.
  • Advised HSBC and Bank Leumi with the financing of Audley Group to fund all existing developments within the group, covering the cost of land acquisition and development.
  • Advised National Express plc on an existing syndicated revolving facility agreement and four additional parallel bilateral facilities totalling £500m.
  • Advising a major UK Investment fund on the re-financing of 20 reserve power plants.

Strengthened in February 2019 by the arrival of leveraged finance expert Neil Caddy from Milbank, and funds finance practitioner Kathryn Cecil from Linklaters LLP, Fried, Frank, Harris, Shriver & Jacobson LLP's 'knowledgeable and responsive' three-partner team now has the critical mass and scope of expertise to be able to provide a compelling proposition to both lenders and borrowers in the market. Praised for its ability to add value because 'the lawyers understand US-law governed financings, and are familiar with how to apply those structures to UK deals', the team is also well regarded for its real estate finance prowess.

Other key lawyers:Jons Lehmann; Neil Caddy; Kathryn Cecil; Graham Greenwood

Testimonials

'They work with all of the key players in the market, including funds, banks and corporates, which gives them an edge and keeps them at the forefront of ever-changing market conditions.'

'The team is able to disseminate complex issues and communicate them to non legal professionals in an easily understandable manner.'

'Kathryn Cecil is practical, solutions-oriented and commercial.'

'Jons Lehmann always does a great job.'

Key Clients

Bank of America Merrill Lynch

Barclays

BlackRock

BlueBay

Citibank

Credit Suisse

Goldman Sachs

Jeffries

JP Morgan

Morgan Stanley

Work highlights

  • Acted as lead counsel to Bank of America Merrill Lynch International, Credit Suisse International and Goldman Sachs Bank as lead arrangers in connection with a €1.90bn refinancing for SIG Combibloc Group.

Led by James Linforth, Stephenson Harwood's four-partner team provides a 'responsive and client-oriented service' to borrowers and lenders across a diverse array of work, ranging from public and private acquisition finance through to funds finance and corporate lending matters. The team regularly handles multi-jurisdictional matters, where it is aided by an international network that includes a particularly strong offering in Asia. The London team also has a strong reputation for emerging market financing matters, particularly in relation to deals with a nexus to Francophone African countries.

Practice head(s):James Linforth

Other key lawyers:David Lacey; Jonathan Proctor; George Vaughton; Daniel Margolis; Sean Crowley; Oliver Jefferies

Testimonials

'The team is always willing to go the extra mile and assist with finding solutions to problems.'

'The responsive and knowledgeable Jonathan Proctor has an excellent rapport with clients.'

Key Clients

Bowmark Capital

OakNorth Bank

Salutem Healthcare

Insight Investment Management

LDI Solutions Plus

TPG Speciality Lending

Royal Bank of Scotland

Capital Rise

British Arab Commercial Bank

ICICI Bank

Work highlights

  • Advising ICICI Bank, India's third largest bank, on a €5.4m loan to Avanstrate Taiwan Inc.
  • Advised ICICI Bank on a secured corporate lending facility provided to Enzen Global Limited, a consultancy and engineering company headquartered in India.
  • Advised MGG, a US-headquartered lending group, regarding the English law aspects of the $55m term and revolving facilities to enable Blue Wolf Capital Partners to acquire the TGW business.
  • Advised Salutem Healthcare on the acquisition finance of Scope care homes and facilities.
  • Advised GRIT Real Estate in relation to its property finance facility having recently advised on its listing on the London Stock Exchange Main Market.

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