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Linklaters LLP

Living Wage
ONE SILK STREET, LONDON, EC2Y 8HQ, ENGLAND
Tel:
Work 020 7456 2000
Fax:
Fax 020 7456 2222
DX:
10 LONDON CITY EC3
Email:
Web:
www.linklaters.com
Abu Dhabi, Amsterdam, Antwerp, Bangkok, Beijing, Berlin and 25 more

Toby Grimstone

Tel:
Work 020 7456 4893
Email:
Web:
www.linklaters.com/AboutUs/OurPeople/Pages/TobyGrimstone.aspx
Linklaters LLP

Work Department

Banking, Global Loans

Position

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.

Work highlights:

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.

Career

Trained Linklaters; qualified 2000; associate 2000; managing associate 2005; partner 2009.

Member

Toby regularly presents on financing matters at LMA and other industry conferences

Education

Merton College, Oxford University (1998); College of Law, York (1998).


London: Finance

Bank lending: investment grade debt and syndicated loans

Within: Leading individuals

Toby Grimstone - Linklaters LLP

Within: Bank lending: investment grade debt and syndicated loans

'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.

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Trade finance

Within: Leading individuals

Toby Grimstone - Linklaters LLP

Within: Trade finance

The global banking practice at Linklaters LLP comprises banking, finance and restructuring lawyers for whom trade finance is a key focus. The team in London, led by 'practical and diplomatic' partner Mirthe Van Kesteren, handles the full spectrum of work including borrowing base facilities, prepayment facilities, PXF facilities, receivables-backed and other commodities-based financings. The firm's trade finance specialists are part of a dedicated global commodities practice with in-depth industry knowledge and direct involvement in cutting-edge financing techniques and ground-breaking commodities transactions, disputes and regulatory issues. Clients remark that the firm is 'very responsive, able to provide specialist advice within short time periods and highly knowledgeable in the field'. Toby Grimstone, who has a strong track record in pre-export and prepayment financings, ECA-backed financings, borrowing base facilities and other secured and structured financings, is highly recommended. The practice counts Lloyds Bank, ING Bank and Glencore among its clients.

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London: Projects, energy and natural resources

Mining and minerals

Within: Mining and minerals

A wide range of big-name clients turn to the dedicated mining team at Linklaters LLP for support on complex, high-profile and novel legal issues. The team, jointly led by senior partner Charlie Jacobs , Toby Grimstone , David Avery-Gee and Andrew Jones, boasts particularly strong capabilities across corporate, finance and contentious work, and recently provided English law advice to US mining tools maker ESCO on its $1.3bn takeover by London-listed engineering giant Weir Group.

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