Toby Grimstone > Linklaters LLP > London, England > Lawyer Profile
Linklaters LLP Offices
ONE SILK STREET
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Banking, Global Loans
Toby specialises in international banking deals. He has wide-ranging knowledge advising banks and borrowers in syndicated and secured bank financings, with a particular focus on corporate lending, event-driven, structured and limited recourse financings (including commodities, structured trade and export financings in emerging markets).
Toby leads the firm’s relationship with a number of major mining and banking clients and is one of the firm’s mining sector leaders.
Toby is actively involved in the firm’s Africa practice and is also co-head of the firm’s Nigeria desk and a member of the coordinating committee covering the firm’s alliance with South Africa’s premier law firm Webber Wentzel.
Toby spent three years in the firm’s Singapore office and was seconded to Credit Suisse (in 2001) and Barclays (in 2007), equipping him with first-hand knowledge of the banking sector and deep insight into the relationship between banks and law firms.
Toby has led on, or been a key adviser in, many of the most significant deals in recent years. Highlights include advising:
- Glencore Energy UK on its acquisition, together the Qatar Investment Authority (QIA), of a 20% stake in Rosneft, Russia’s state-owned oil and gas concern and one of the largest oil and gas companies in the world
- BP on pre-export finance facilities of up to US$5.25bn for BP Angola and BP Caspian
- Steinhoff International Holdings on the financing of its proposed US$3.8bn acquisition of Mattress Firm Holding, a specialty retailer of mattresses in the U.S., and on the £597m recommended takeover of UK discount retailer Poundland
- Glencore on its pre-IPO financing, IPO and merger with Xstrata
- the Financial Services Compensation Scheme (FSCS), the UK’s statutory fund of last resort for customers of financial services firms, on its annual financings
- on various financings for Jimmy Choo, Nando’s, Caffe Nero, Admiral, Paddy Power and other significant corporates.
Trained Linklaters; qualified 2000; associate 2000; managing associate 2005; partner 2009.
Toby regularly presents on financing matters at LMA and other industry conferences
Merton College, Oxford University (1998); College of Law, York (1998).
Lawyer Rankings(Hall of Fame)
Advising a balanced mix of investment grade corporates (including numerous FTSE 100 entities) and banking clients, Linklaters LLP has an excellent perspective of market practice and relevant precedents, from both a creditor and a debtor perspective. This versatility also manifests itself in relation to the financing techniques which the firm is able to deploy, including margin loans and structured finance. Appreciated for his ‘creative thinking’, ‘vast experience‘ and knowledge of ‘what’s happening in the market‘, Toby Grimstone advises lenders and borrowers on general corporate lending and corporate acquisition finance mandates, often with a nexus to emerging markets. Oliver Edwards co-heads the corporate and structured lending team alongside Grimstone and is well-positioned to advise lender clients, in particular, in part due to his previous secondment roles, as well as by virtue of his experience in private practice across a myriad of secured and unsecured syndicated banking facilities. Philip Spittal regularly handles syndicated lending work in his role as global co-head of banking and is a key member of the team that also includes Ian Callaghan and newly promoted partner Caroline Courtney.
Linklaters LLP‘s ‘top-rank‘ team has an impressive track record in the mining and minerals space. Backed by a strong finance team and a deep bench of experts, the practice advises on the full lifecycle of assets, including international M&A transactions, project financing developments, and disposals. The global mining practice is led by Toby Grimstone, James Inglis and Robert Cleaver in London; the core team also comprises key partner Ian Hunter, who has recently advised Glencore on major transactional matters, the highly rated Aisling Zarraga, who leads on some of the group’s most important client relationships, and Africa group head Andrew Jones. The team also has vast expertise in regulatory matters.
- Bank lending: investment grade debt and syndicated loans - London > Finance
- Hall of Fame - London > Finance > Bank lending: investment grade debt and syndicated loans
- Leading individuals - London > Finance > Bank lending: investment grade debt and syndicated loans
- Leading individuals - London > Finance > Trade finance
- Mining and minerals - London > Projects, energy and natural resources
Top Tier Firm Rankings
- Finance > Acquisition finance
- Finance > Bank lending: investment grade debt and syndicated loans
- Dispute resolution > Banking litigation: investment and retail
- Risk advisory > Corporate governance
- Finance > Corporate restructuring & insolvency
- Risk advisory > Data protection, privacy and cybersecurity
- Finance > Debt capital markets
- Finance > Derivatives and structured products
- Industry focus > Emerging markets
- Employment > Employee share schemes
- Real estate > Environment
- Corporate and commercial > Equity capital markets – mid-large cap
- Corporate and commercial > EU and competition
- Corporate and commercial > Financial services: contentious
- Corporate and commercial > Financial services: non-contentious/regulatory
- TMT (technology, media and telecoms) > Fintech
- Crime, fraud and licensing > Fraud: civil
- Dispute resolution > Mediators
- Projects, energy and natural resources > Infrastructure
- Finance > Trade finance
- Corporate and commercial > M&A: upper mid-market and premium deals, £500m+
- Projects, energy and natural resources > Mining and minerals
- Projects, energy and natural resources > Oil and gas
- Employment > Pensions (non-contentious)
- Employment > Pensions: dispute resolution
- Projects, energy and natural resources > Power (including electricity, nuclear and renewables)
- Transport > Rail
- Investment fund formation and management > Real estate funds
- Finance > Securitisation
- Projects, energy and natural resources > Water
- Dispute resolution > Commercial litigation: premium
- Real estate > Commercial property: corporate occupiers
- Real estate > Commercial property: development
- Real estate > Commercial property: investment
- Dispute resolution > Competition litigation
- Corporate and commercial > Corporate tax
- Employment > Employers
- Insurance > Insurance: corporate and regulatory
- TMT (technology, media and telecoms) > IT and telecoms
- Industry focus > Life sciences and healthcare
- Corporate and commercial > Private equity: transactions – high-value deals (£250m+)
- Real estate > Property finance
- Risk advisory > Regulatory investigations and corporate crime (advice to corporates)
- Industry focus > Retail and consumer
- Finance > Trade finance
- Public sector > Administrative and public law
- Corporate and commercial > Commercial contracts
- Finance > High yield
- TMT (technology, media and telecoms) > Intellectual property: patents (contentious and non-contentious)
- Dispute resolution > International arbitration
- Investment fund formation and management > Private funds
- Dispute resolution > Public international law
- Real estate > Property litigation
- Finance > Transport finance and leasing