Firm Profile > Proskauer Rose LLP > London, England

Proskauer Rose LLP
110 BISHOPSGATE
LONDON
EC2N 4AY
England

Private funds (including infrastructure funds) Tier 2

Proskauer Rose LLP has an extensive practice across private equity, credit and debt, venture capital, and infrastructure funds, balancing fund formation and secondary transactional work, and acting on both the LP and GP side of mandates. The team was bolstered by the arrival of several senior lawyers during 2019, including Leith Moghli from Reed Smith LLPWarren Allan from Stephenson Harwood, and regulatory partner Kirsten Lapham from Ropes & Gray LLP. Practice head Nigel van Zyl is highly active, advising major asset managers and fund sponsors on high-value formations and raisings in multiple jurisdictions. Bruno Bertrand-Delfau specialises in secondary transactions, working with private equity sponsors and funds of funds, and Edward Lee focuses on venture capital and co-investments. Associate Chris Elson has a growing practice, leading several client relationships, while Jordan Hurwitz is recognised for his prolific involvement in secondaries. Kate Simpson left the firm to take on an in-house position.

Practice head(s):

Testimonials

EXCEPTIONAL customer service: Nigel Van Zyl is always available and prides himself on being cc’d on all correspondence so he always keeps an eye on what his clients are doing. Good judgement and advice given. Very nice people and a pleasure to work with. Able to bring in international lawyers and makes sure the advice is seamless Keep great records

Represent some of the most successful venture capital partnerships and have a very good grasp of what terms can be negotiated with LPs. Their competence and experience makes the process smoother and more efficient than what we had with our previous counsel.

Extremely reactive and above all commercial in their approach. There is an inherent problem-solving approach to their work, all of which is helped by a deep understanding of our business and what we do.

The combination of high quality resources across continents at a fair fixed price is hard to compete with in my experience.

Highly experienced in PE Fund formation and secondaries, able to be very commercial when needed and proactively share a specific opinion on a commercial point. Very calm under pressure and therefore excellent counsel in more contentious situations.

Nigel van Zyl is calm under pressure, non-judgemental and extremely experienced and competent in fund formation. He has good judgement and  rides himself on knowing what his clients are doing.

Bruno Bertrand stands out as a partner –  for his availability when required and organisation of deal teams.

Christopher Elson stands out. He is client-focused, hard-working, and understands the commercial dynamics of the industry he is in rather than just looking at things from a legal perspective.

Ed Lee stands out for passion for the business, straightforward commercial discussions that highlighted any key variations, practical advice on where to give and where not to give points, and not having to redo or rediscuss any matters. He also walked me through the documents with plain explanations of all terms in them. He was good humoured throughout and unbelievably responsive.

Nigel van Zyl is incredibly experienced in private equity fund formation and secondary transactional work. Invariably an excellent source of advice. Nigel is able to very effectively plot a course during a transaction negotiation, predicting next steps and knowledgeably opining on commercial matters when an impasse has been reached.

 

Key clients

Northzone

G Square

Ardian

Acquisition finance Tier 3

Benefiting from an 'in-depth knowledge of the private credit universe in the US and Europe', Proskauer Rose LLP has the 'the best market overview on the private credit landscape from a legal perspective' according to one client. The London team is therefore extremely active in the leveraged finance space, given the prominence of this class of investor. 'Technical but also very commercial in their approach', Alex Griffith and Ben Davis have strong ties with many of the most prolific credit funds in the market, which are appreciative of their knowledge across a range of debt structures, including first out/last out and holdco PIK.

Other key lawyers:

Testimonials

The firm has an in-depth knowledge of the private credit universe in the US and Europe, and undoubtedly, the best market overview on the private credit landscape from a legal perspective.

The firm’s partners are very commercial and have a great business acumen.

The extremely hands-on Ben Davis has a wealth of experience and has acted for sponsors, banks and notably private credit funds on numerous deals, including cross-border transactions involving European and US matters.

Alex Griffith and Ben Davis are both technically excellent but also very commercial in their approach.

Harriet West is a great senior associate, who really knows her stuff.

 

Key clients

Alcentra

Apollo

Ardian

Ares Management

Bain Capital Credit

Barings

BlackRock

Bridgepoint Credit

Cheyne

CDPQ

CORDET Capital

Crescent

EQT Credit

GIC

Global Risk Partners Group

LGT European Capital

HPS (Highbridge)

ICG

M&G Investments

Muzinich & Co

Pemberton

Tikehau Investment Management

TPG Sixth Street Partners

High yield Tier 3

Proskauer Rose LLP has 'a boutique approach with partners who are very committed, available and responsive throughout the deal'. The firm acts for leading asset managers, issuers and global financial institutions in the high yield market, though most of its work is for private equity sponsors, asset managers or investment fund managers. Among its recent deals was one of the largest European high yield deals, one of the largest deals in Spain, and the largest Asian high yield green bond.

Testimonials

‘Proskauer is one of our favourite law firms to work with on complex cross-border high-yield matters, and we have built a long-standing relationship and trust with them. The Proskauer team provides top-quality service for a reasonable price. Compared to larger firms, Proskauer has a boutique approach with partners that are very committed and are available and responsive throughout the deal.’

‘Proskauer has a premier practice in London advising asset managers on high yield transactions and has especially strong expertise in complex deals involving multiple jurisdictions.’

‘Proskauer’s London office has a top-notch team with industry expertise based on the firm’s strength around US-style high yield bond execution.’

‘In contrast to other firms, Proskauer has a boutique approach with partners who are “hands on” and very involved in the transaction from kick-off to closing, an approach that we prefer.’

‘In the high yield space, Proskauer provides the best value for money.’

Corporate restructuring & insolvency Tier 4

Proskauer Rose LLP's London team 'combines all the advantages of a boutique (hands-on, every case matters attitude) with those of a major US firm'. The wider firm's leading position in the credit fund space is also beginning to filter through to the restructuring group.

Other key lawyers:

Testimonials

‘A very thorough, approachable, and commercial team.’

‘The firm has a mighty restructuring outfit that belies the relatively small size of the team. Their main strength is that they combine all the advantages of a boutique (hands-on, every case matters attitude) with all the advantages of a major US firm.’

‘They really understand the market and client needs, and are equally well equipped to deal with borrowers, lenders, and insolvency practitioners.’

‘Elisabeth Baltay is an excellent lawyer. She really goes the extra step for the clients. She knows her stuff and really cares!’

Key clients

BDO

Cheyne Capital

Contrarian Capital

David Rubin & Partners

EY

GLAS

HSBC

Itau

Lion Capital

Reichmuth

Westinghouse

ZCP

PennantPark

Intermediate Capital Group

National Basketball Association

National Football League

Calunius

Corporate tax Tier 4

The group at Proskauer Rose LLP is most noted for its funds tax work, where the team exhibits a strength in cross-border structures. Practice head Robert Gaut has vast experience of a range of matters, including corporate tax structuring, real estate tax and fund formation. Stephen Pevsner focuses on private fund formation and private equity tax, while London office managing partner Mary Kuusisto offers US tax advice for private investment funds with investments in the UK.

Practice head(s):

Testimonials

Leading in fund taxation work.’

The services and the advice of the corporate tax team are outstanding.’

Their knowledge, their soft and hard skills are absolutely exceptional. We do not imagine, nor did we experience with them any situation with a slight feeling or frustration. Our long collaboration allows us to assess that the advice received was always accurate and, not to mention it, fully tailor-made to our needs and risk appetite.’

The Proskauer Rose has a tremendous amount of experience in the areas of private equity/venture capital tax. The team is able to couple their technical knowledge with a strong business acumen and logic.’

Key clients

ICG

ScaleVP

Lion Capital

Deliveroo

Värde Partners Europe

BlueBay

Antin Infrastructure Partners

Hg

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

With a growing portfolio of buyout fund and institutional investor clients, Proskauer Rose LLP has been increasing its transactional volume in London, advising across buyouts, minority investments, secondaries, and high-value exits. The team has a focus in regulated sector M&A, particularly in the financial services industry, as well as the consumer, retail and leisure, business services, and sports sectors. The highly experienced Steven Davis leads the team, working prolifically with key relationship clients. Andrew Wingfield specialises in financial services industry work, while Richard Bull is also active, particularly in the technology sector.

Practice head(s):

Other key lawyers:

Testimonials

Proskauer handles a full range of corporate law matters across numerous key investments for us. It has the the depth of   legal, technical and strategic ability that works for us. The lawyers are very well respected and very responsive to our investment matters

 

Extremely responsive and always available. Knowledge of their subject area is excellent. They give very clear and succinct advice. General market knowledge is superb. Would highly recommend. Truly trusted adviser

 

Key clients

AnaCap Financial Partners

APG Real Estate

Corsair

Exponent

Deliveroo

ICG

Investcorp

Lion Capital

Motive Capital Partners

Morgan Stanley

One Peak Partners

Pollen Street

Preservation Partners

Rubicon Partners

Toscafund

Varde Partners

M&A: upper mid-market and premium deals, £500m+ Tier 6

Proskauer Rose LLP's London M&A practice represents clients on both mid-market and high-end deals and has strong sector expertise in financial services mandates, including fintech payment processing. Other key areas are TMT, business services, and industrials. Steven Davis leads the global practice and has more than 30 years' experience as a transactional lawyer. His work spans the full range of the private equity market, including leveraged buyouts, and management buyouts.

Practice head(s):

Other key lawyers:

Testimonials

They have access to people extremely well versed in PE based and debt fund deals and thinking through the implications and ramifications.

Andrew Wingfield is the go-to lawyer for our M&A transactions.

 

Key clients

AnaCap Financial Partners LLP

Ascot Lloyd / Oaktree Capital

EnerMech Limited

Investcorp

Lion Capital

Motive Capital Partners

Morgan Stanley

Rubicon Partners

Toscafund

Varde Partners

The firm: Proskauer is 725+ lawyers serving clients from offices located in the leading financial and business centers in the Americas, Europe and Asia. The world’s leading organisations, companies and corporations choose Proskauer to be their representatives in their most critical situations. Lawyers at the firm work with alternative capital providers, major sports leagues, Fortune 500 companies, entertainment industry legends, many of the world’s most successful asset managers and other industry-redefining companies.

The firm is commercially focused, with a robust entrepreneurial spirit running throughout its teams and work. This enables Proskauer both to fully understand the challenges facing clients and to take a business oriented approach to any client matter.

Proskauer’s London office offers both UK and US legal advice locally, with extensive experience in UK and European market practice. The office has a global reach, drawing on the firm’s capabilities in the US, Europe, Asia and Latin America as required and is particularly strong in complex cross-border transactions. 

Principal areas of work
Private investment funds: Fund structuring and capital-raising matters; investments; secondaries; financings; exits; and related debt and restructuring issues.

Mergers and acquisitions: Mergers; acquisitions; management and other leveraged buyouts; dispositions; spin-offs; auctions; tender offers; proxy fights; joint ventures; partnerships; and strategic alliances.

Real estate: Acquisitions, dispositions, financings and recapitalisations; real estate taxation (both domestic and cross-border); public, private and non-traded REITs; joint ventures; fund formations, roll-ups and spin-outs; creditors rights; bankruptcy and restructurings; and BDCs; among other highly specialised fields.

Capital markets: High-yield and other debt; equity; alternative capital finance; equity-linked securities; real estate securities; tender and exchange offers; public-company representation; and broker-dealer.

Finance: Leveraged finance; senior and senior-stretch loans; unitranche loans; second lien loans; mezzanine or subordinated notes; private high-yield notes; holdco notes; structured equity; equity kickers and co-investments; distressed lending (including debtor-in-possession and exit financings); and general corporate finance.

Restructuring and insolvency: Acquisitions of financially distressed assets; asset sales; insolvency litigation; corporate investigations; creditors’ rights issues; cross-border and insurance insolvencies; financial and operational restructurings; hedge fund fraud and distress; liquidations; securitisations; and workouts.

Labour and employment: All aspects of trade union and collective labour law; employment law; complex cross-border trade union issues; large-scale redundancies; cross-border litigation; litigation before the High Court; and Employment Tribunal litigation.

Financial services regulation: UK and EU matters, including structuring and establishment of private investment funds; FCA authorisations; perimeter issues; EU passporting; current and proposed EU and international laws and regulations; conduct of business; financial promotions and marketing; client assets; regulatory capital; market abuse; systems and controls; appointed representatives and tied agents; antimoney laundering; changes of control and close links; and approved persons.

Tax: Mergers; acquisitions; structuring of inward and cross-border investments; establishment of investment funds; joint ventures; restructurings; capital markets; and financing.

Department Name Email Telephone
Mary Kuusisto mkuusisto@proskauer.com 44.20.7280.2159
Photo Name Position Profile
 Warren Allan  photo Warren Allan Warren Allan is a partner in Proskauer’s Private Funds Group. Warren advises…
 Bruno Bertrand-Delfau photo Bruno Bertrand-Delfau Bruno Bertrand-Delfau is a partner in the Private Funds Group. He has…
 Richard Bull  photo Richard Bull Partner
 Peter Castellon  photo Peter Castellon Peter represents issuers, underwriters and selling shareholders in connection with capital markets…
 Steven Davis photo Steven Davis Steven Davis is a partner in Proskauer’s Corporate Department and co-head of…
 Benjamin Davis  photo Benjamin Davis Ben Davis is a partner in Proskauer’s Corporate Department and a member…
 Rob Day  photo Rob Day Rob Day is a partner in Proskauer’s Corporate Department and a member…
 Christopher Elson  photo Christopher Elson Chris advises fund managers on a range of matters, focusing on fundraising…
 Brendan Gallen photo Brendan Gallen Brendan is a special funds counsel in Proskauer’s Corporate Department and a…
 Robert Gaut photo Robert Gaut Robert Gaut is a tax partner and head of Proskauer’s UK tax…
 Alexander Griffith  photo Alexander Griffith Alex Griffith is a partner in Proskauer’s Corporate Department and a member…
 Jordan Hurwitz  photo Jordan Hurwitz Jordan Hurwitz is an associate in Proskauer’s Private Funds Group. Jordan advises…
 Mary Kuusisto  photo Mary Kuusisto Mary B. Kuusisto is a partner in the Private Funds Group, a…
 Kirsten Lapham  photo Kirsten Lapham Kirsten Lapham is a partner specialising in financial services regulation. She advises…
 Edward Lee  photo Edward Lee Edward Lee is a partner in Proskauer’s Private Funds Group. Edward advises…
 Leith Moghli photo Leith Moghli Leith Moghli is a partner in Proskauer’s Private Funds Group based in…
 Stephen Pevsner  photo Stephen Pevsner Stephen Pevsner is a tax partner and a member of Proskauer’s Private…
 Andrew Wingfield  photo Andrew Wingfield Andrew Wingfield is a partner in Proskauer’s Corporate Department and a member…
 Nigel van Zyl  photo Nigel van Zyl Nigel van Zyl specializes in advising asset managers, institutional investors and investment…
U.S. Offices : Boca Raton, FL
U.S. Offices : Boston, MA
U.S. Offices : Chicago, IL
U.S. Offices : Los Angeles, CA
U.S. Offices : New Orleans, LA
U.S. Offices : New York, NY
U.S. Offices : Washington, DC
International Offices : Beijing
International Offices : Hong Kong
International Offices : London
International Offices : Paris
International Offices : São Paulo