Firm Profile > Goodwin > London, England

Goodwin
100 CHEAPSIDE
LONDON
EC2V 6DY
England

Real estate funds Tier 1

'Responsive, thoughtful and pro-active' is how one client describes the real estate funds group at Goodwin, which is led by the 'very impressive' Samantha Lake Coghlan. The impressive breadth of the practice, which covers closed-ended, open-ended and variable-priced real estate funds, is matched by the wide range of underlying real estate asset classes it has experience in. These include office, retail, residential, senior housing and infrastructure projects. In-house expertise in the areas of tax, Luxembourg vehicles and the Employee Retirement Income Security Act (ERISA) ensure that the team is able to tailor fund structures to the highly specific regulatory requirements of both institutional and high net-worth investors. UK and pan-European fund specialist David Evans is a valued member of the team; also noted is Michael Halford, who is a particular favourite for investor-side clients.

Practice head(s):

Samantha Lake Coghlan

Other key lawyers:

Testimonials

Goodwin is one of the most active fund formation advisers in the real estate sector;  it has a great breadth of experience‘.

Samantha Lake Coghlan provides an excellent, user-friendly and client-oriented service‘.

Key clients

Ares Management

Baumont General Partner S.à r.l.

Gramercy Europe

GreenOak Real Estate Advisors

Kennedy Wilson UK Limited

M7 Real Estate

Man Group

NREP (Nordic Real Estate Partners)

PGIM Real Estate

Slate Asset Management LP

Commercial property: hotels and leisure Tier 2

Hailed for ‘the breadth of its experience’, Goodwin directs particular attention towards the hotels and leisure sector where it represents equity investors and other capital sources investing in hospitality assets, as well as operators of hotels and resorts. The City team, which is closely integrated with the firm’s US practice and operates on matters across the globe, handles acquisitions, disposals, financing, franchising agreements, developments, employment and regulatory matters, among others. Also noted as ‘solid on commercial property investment’, the group is recommended for inbound cross-border investment, capital raising and transactional work. The highly recommended Joe Conder has a client base of sovereign wealth funds and ultra-high-net-worth managers and is a specialist on development financing, leaseback transactions and real estate financing.

Practice head(s):

Teresa Goebel

Other key lawyers:

Matthew Pohlman; Gretchen Scott

Testimonials

‘The funds team at Goodwin is simply brilliant. The breadth of their experience and the numbers of deals they are doing the market gives them a lot of insight into what is market or not.

‘Samantha Lake Coghlan is always available, super pragmatic and commercial. She advises on every aspect of real estate funds and is a go-to person on every fund related question’.

Key clients

Angelo Gordon

Ares Management

Away Resorts Limited

Caesars Entertainment Corporation

Cairn Hotel Group

Four Seasons Hotel and Resorts

Marriott International

Meadow Partners

Oaktree Capital Management

Omnam Investment

Commercial property: investment Tier 2

Hailed for ‘the breadth of its experience’, Goodwin directs particular attention towards the hotels and leisure sector where it represents equity investors and other capital sources investing in hospitality assets, as well as operators of hotels and resorts. The City team, which is closely integrated with the firm’s US practice and operates on matters across the globe, handles acquisitions, disposals, financing, franchising agreements, developments, employment and regulatory matters, among others. Also noted as ‘solid on commercial property investment’, the group is recommended for inbound cross-border investment, capital raising and transactional work. The highly recommended Joe Conder has a client base of sovereign wealth funds and ultra-high-net-worth managers and is a specialist on development financing, leaseback transactions and real estate financing.

Practice head(s):

Joe Conder

Other key lawyers:

David Evans; James Spence

Testimonials

‘The funds team at Goodwin is simply brilliant. The breadth of their experience and the numbers of deals they are doing the market gives them a lot of insight into what is market or not.

‘Samantha Lake Coghlan is always available, super pragmatic and commercial. She advises on every aspect of real estate funds and is a go-to person on every fund related question’.

Key clients

Angelo, Gordon & Co

Ares Management

Deutsche Asset Management (RREEF)

Gramercy Property Europe

GreenOak Real Estate

Henderson Park

Kennedy Wilson Europe

M7 Real Estate

MPT (Medical Properties Trust)

Partners Group

Tunstall Real Estate

Workspace Group

Private equity: transactions – mid-tier – up to £250m Tier 2

Goodwin acts for more than 20 PE houses ranging in size from smaller UK-based firms to global buyout giants. The firm boasts strong sector-specific specialisms in technology and healthcare; the former is especially busy, with the firm advising on an increase in transactions involving tech-enabled or tech-disruptive businesses. Gemma Roberts led in advising GTT Communications on its $2.3bn acquisition of Interroute, a deal that originated in the UK but spanned five different jurisdictions. Financial services is another sector of deep expertise. Besides acquisitions and exits for PE houses, the team also works on PE fund secondary work and occasionally represents portfolio companies and management teams. Mark Soundy departed to establish his own management-focused practice in October 2018; the same month saw Michael Miranda made up to the partnership. Richard Lever heads the practice.

Practice head(s):

Richard Lever

Other key lawyers:

Gemma Roberts; Michael Miranda; Simon Fulbrook

Testimonials

A very strong hands-on team with an intimate understanding of the PE market and what is required to effectively execute a deal‘.

Richard Lever’s performance is especially impressive; he is well supported by the high-quality team under him‘.’A highly responsive team whom I trust very much‘.

Key clients

Ampersand Capital Partners

ECI Partners LLP

G Square Healthcare Private Equity LLP

Graphite Capital Management

GTT Communications

Inflexion Private Equity Partners

Investcorp

Nordic Capital IX Limited

Partners Group

TA Associates

Pharmaceuticals and biotechnology Tier 3

Goodwin has a track record acting for life sciences companies and investors on corporate transactions such as M&A and IPOs as well as securities offerings and venture capital financings. It is especially expert in advising on early stage financings. Graham Defries, Andrew Harrow and Sophie McGrath are key advisors in these areas. The team has been greatly boosted with the hire of Malcolm Bates, David Mardle, Tim Worden and Adrian Rainey who joined in mid 2019 from Taylor Wessing LLP and bring a wealth of life sciences-focused corporate, commercial transactional and regulatory expertise.

Practice head(s):

Graham Defries

Other key lawyers:

Key clients

Advance Medical Solutions Group Plc

AM-Pharma Holding BV

Exscientia Limited

NodThera Limited

Gadeta BV

Galapagos NV

LumiraDx

Orchard Therapeutics

ReViral Limited

Staten Biotechnology BV

Private funds Tier 3

'One could not ask for a better team of partners than Michael HalfordShawn D’Aguiar and Patrick Deasy' at Goodwin, according to one client of the firm. The private investment funds group boasts 'decades of proven track record working with both large and emerging funds across the world', as well as Luxembourg vehicle-specific expertise. Tax, regulatory and finance capabilities are also integrated within the offering. D’Aguiar boasts a clear specialism in infrastructure, energy and emerging markets funds; he recently assisted Ambienta with the raising of Ambienta III, which is dedicated to private equity investments related to long-term environmental growth trends. 'True professional' Ajay Pathak led on the establishment of VLC Renewables Fund I for Low Carbon, which will invest in European renewable energy generation projects. Also highly recommended is associate Benjamin Yeoh, whose practice spans private equity, real estate, infrastructure, debt and venture capital funds.

Practice head(s):

Michael Halford

Other key lawyers:

Testimonials

The team possesses a comprehensive knowledge of the dynamic requirements of fund regulation, legal structures and investor needs. It is always on top of client communication‘.

After a decade of working with Michael Halford, Shawn Aguiar and Patrick Deasy, I can say they are truly exceptional industry leaders with proven track records in successfully structuring fund platforms and working with investors across the globe‘.

The Goodwin Procter Fund formation team is the best in the market for several reasons; they are extremely reliable and trustworthy, available at any time of day and night and they go the extra mile to gather market insight from their colleagues in other offices where relevant. Most importantly, they are extremely creative in terms of fund formation solutions, as well as secondary advisory work‘.

They are the most commercial of any funds legal team we have ever worked with. They are highly responsive, creative with solutions to problems and are a genuine pleasure to work with. Their depth of knowledge is second-to-none‘.

Ajay Pathak offers insights which are practical but also unique. No problem is too large to overcome. He fully integrates himself into the ambitions of the fund or business and makes himself one of the team. We always feel that we are in safe hands when working with him‘.

Ben Yeoh is a real up-and-comer. He is extremely bright, insightful and refreshingly cost-conscious. He always makes himself available to assist which, during difficult fund closings, is a real life-saver‘.

Michael Halford deserves the reputation he has garnered as a industry figurehead. His ideas are always one-step-ahead of the competition‘.

Key clients

Abingworth LLP

Ambienta SGR S.p.A

Bregal Unternehmerkapital

Capital D

Centum Investment Company Ltd

Circuitus Capital

Cordet Capital

Core Equity Holdings GP Ltd

Endless

Glennmont Partners

Investcorp

Kharis Capital Partners

Low Carbon

Macquarie

Patron Capital

SL Capital

Triton Partners

UBS Asset Management Funds Ltd

Private equity: transactions – high-value deals (£250m+) Tier 4

Goodwin acts for more than 20 PE houses ranging in size from smaller UK-based firms to global buyout giants. The firm boasts strong sector-specific specialisms in technology and healthcare; the former is especially busy, with the firm advising on an increase in transactions involving tech-enabled or tech-disruptive businesses. Gemma Roberts led in advising GTT Communications on its $2.3bn acquisition of Interroute, a deal that originated in the UK but spanned five different jurisdictions. Financial services is another sector of deep expertise. Besides acquisitions and exits for PE houses, the team also works on PE fund secondary work and occasionally represents portfolio companies and management teams. Mark Soundy departed to establish his own management-focused practice in October 2018; the same month saw Michael Miranda made up to the partnership. Richard Lever heads the practice.

Practice head(s):

Richard Lever

Other key lawyers:

Gemma Roberts; Michael Miranda; Simon Fulbrook

Testimonials

A very strong hands-on team with an intimate understanding of the PE market and what is required to effectively execute a deal‘.

Richard Lever’s performance is especially impressive; he is well supported by the high-quality team under him‘.’A highly responsive team whom I trust very much‘.

Key clients

Ampersand Capital Partners

ECI Partners LLP

G Square Healthcare Private Equity LLP

Graphite Capital Management

GTT Communications

Inflexion Private Equity Partners

Investcorp

Nordic Capital IX Limited

Partners Group

TA Associates

Corporate tax Tier 5

Goodwin's team focuses on private equity and real estate taxation. working closely with the London office's other departments to provide clients with a full service. On the funds side, a particular strength of  the  City office , the group assists clients with the formation of funds and their transactions. Following the departure of Sarah Priestley, who left to co-found PriestleySoundy in December 2018, Goodwin's tax team is led by private investment fund taxation expert Laura Charkin, who also leads on European tax, and has experience in structuring Luxembourg-based funds. Senior associate Katie Leah is noted for transactional tax matters. In June 2019, the group welcomed venture capital and real estate tax specialist Rob Young from Taylor Wessing LLP.

Practice head(s):

Laura Charkin

Other key lawyers:

Key clients

Macquarie

Ares Management

Bregal

Investcorp

Inflexion

M7 Real Estate

TA Associates

Abingworth VII

G-Square

Angelo Gordon

Property finance Tier 5

Goodwin acts for both lenders and borrowers, including major banks, insurers and institutional investors. Areas of strength include acquisition finance, development finance, financings involving portfolios of real estate companies located across Europe, refinancings and CMBS loans. Practice head Paul Lyons is noted for his expertise in leveraged finance, and counsel Colin Baker has extensive experience advising financial institutions, asset managers and private equity firms on real estate and private equity financings.

Practice head(s):

Paul Lyons

Other key lawyers:

Key clients

Angelo Gordon & Co

Ares Management

M7 Real Estate

GreenOak Real Estate

Kennedy Wilson Europe

Meadow Partners

London Square Developments

Macquarie Capital

Deutsche Asset Management (also known as RREEF)

Patron Capital

With the breakneck pace of technology disrupting industries around the world, our London-based team of 100+ lawyers is embracing change to help clients make a lasting and meaningful impact. As part of what is widely recognised as one of the fastest growing international firms in London, our lawyers are deeply experienced in the life sciences, technology, real estate and private equity sectors and are supported by significant on-the-ground capabilities in debt financing, intellectual property, privacy and cybersecurity, regulatory, restructuring, tax and litigation and dispute resolution.

In 2019 we also launched our Cambridge office in the heart of the high-technology Silicon Fen, and home to one of the world’s largest and most innovative life sciences clusters, as well as some of the most disruptive technology and life sciences companies. The firm’s on-the-ground presence in Cambridge further expands our lawyers’ ability to support clients in these sectors through our unique capital-meets-innovation platform in Europe, and solidifies Goodwin’s position as the leading firm in the UK and European life sciences and technology markets.

Real Estate: Our real estate lawyers provide a genuinely integrated offering from structuring funds, products and vehicles, to the acquisition, financing, development, restructuring and disposal of real estate assets through direct and indirect investments, as well as complex international hospitality + leisure transactions.

Private Equity: Our private equity lawyers counsel on all areas of private equity and mergers and acquisitions, with a special emphasis on middle market private equity and growth investments, alongside our renowned private funds team, which provides counsel at every stage of the fund life cycle.

Technology and Life Sciences: Our technology and life sciences lawyers help high growth businesses, public companies, investors and investment banks capitalise on opportunities and minimise risks in rapidly evolving markets. We offer clients industry-leading technology, life sciences and healthcare practices recognized for serving clients along the corporate life cycle globally.

Private Investment Funds: Goodwin’s London funds team uniquely covers the full range of private investment funds including private equity funds, venture capital funds, real estate funds, infrastructure funds, debt funds, impact and responsible investing funds, emerging market funds, hedge funds and listed funds as well as various large-scale GP led structures.

Tax: Our tax team have extensive experience of the tax issues affecting the private equity, infrastructure and real estate industries. This sector focus means that our tax team can save you time and money by delivering pragmatic and commercially relevant advice grounded not only in technical expertise and experience but also in a deep understanding of the issues affecting the markets in which you operate. By working as integral parts of our transaction and fund formation teams to ensure that tax advice is robustly implemented, our tax lawyers minimise the risk of challenge by a tax authority and the cost and possible reputational damage that can result from such a challenge.

Restructuring: Our London financial restructuring lawyers represent every type of major stakeholder in distressed situations. The restructuring and insolvency advice provided by our team complements the other services provided by Goodwin during the full life cycle of each company and investment to achieve the optimum outcome for stakeholders

Litigation: Our London team has over 20 years’ experience advising investment and retail banks, funds, issuers, bondholders and other financial counter-parties in the resolution of complex corporate disputes, often with a cross-border element. The team has litigated across many different fields of finance, with a particular focus on investment banking, structured finance and funds litigation.

Regulatory: Our regulatory team is uniquely positioned to address the cutting-edge issues that can maximize business opportunities as well as better manage and mitigate risk. Our team of specialists represent investment managers on the formation, offering and operation of investment products including real estate, private equity, infrastructure + energy, private debt, hedge, venture funds, fund of funds, and joint ventures.  We have experience advising clients on matters under the EU AIFMD, EU MIFID, UK Financial Services and Markets Act 2000 and the UK Financial Conduct Authority’s Rules and are currently helping clients navigate their way through the post-Brexit landscape. We also advise clients on issues relating to the US Investment Advisers Act of 1940 and the US Investment Company Act of 1940 including registration and compliance matters.

Department Name Email Telephone
London office co-chairs Samantha Lake Coghlan slakecoghlan@goodwinlaw.com +44 (0)20 7447 4203
London office co-chairs Paul Lyons plyons@goodwinlaw.com +44 (0)20 7447 4233

The Lex 100 Verdict

With a 'dynamic, diverse and cosmopolitan feel', Goodwin Procter is a recent arrival in the UK legal training scene and has made a strong impression. Private equity and deals are its bread and butter, but it also has a strong reputation across the tech and life science sectors. Trainees highlight their excitement at the 'opportunity to join a firm with an excellent global reputation which had just started to establish European roots' and praise the 'variety of cross-border matters'. The firm is a Lex 100 Winner in an impressive six categories: job satisfaction, living up to expectations, overall quality of work, amount of client contact, financial remuneration, and the approachability of partners/ supervisors. These awards reflect comments from trainees praising 'committed training and overall mental support throughout the two years at the firm'. 'The training contract is flexible and gives trainees a lot more opportunity to take ownership of their training. More responsibility is given to trainees, however, because of the small intake, there is a lack of structured formal training'. Hours can be unpredictable, frequently an issue with US firms, and there are complaints about having no canteen. However, the firm is praised for its 'commitment to public service through its wide-ranging pro bono initiatives' and consistently lauded for its client contact and headline-grabbing work. If you like the sound of a growing US firm with a focus on international transactional work and private equity, Goodwin Procter is a strong candidate.