Firm Profile > Proskauer Rose LLP > London, England

Proskauer Rose LLP
110 BISHOPSGATE
LONDON
EC2N 4AY
England

Private funds Tier 2

Proskauer Rose LLP advises top institutions including asset managers, buyout houses, funds of funds and new managers on fund formations across a diverse range of fund structures and asset classes, including private equity, infrastructure, special situations, and renewable energy funds. The firm combines this broad expertise with an active secondaries practice, including transactions, GP-led secondaries, and continuation funds. The team, praised for its ‘ superb breadth and depth of experience’ is led by Nigel van Zyl, an experienced practitioner who enjoys strong relationships with a variety of major funds clients, handling large-scale fund formation and operational mandates, including carried interest and co-investments, and internal governance issues. Bruno Bertrand-Delfau specialises in secondaries matters, advising on major transactions within the European and US markets, and is also active on behalf of institutional investors. The ‘commercial and pragmatic‘ Peter Olds arrived from Weil, Gotshal & Manges (London) LLP in early 2021, and advises on fund formations and secondaries across a variety of asset classes, while ‘creative’ and ‘knowledgeable’ counsel Brendan Gallen is also a key member of the team. Aranpreet Randhawa was promoted to partner in late 2020.

Practice head(s):

Nigel van Zyl

Other key lawyers:

Peter Olds; Bruno Bertrand-Delfau; Brendan Gallen; Aranpreet Randhawa; Warren Allan ; Leith Moghli; Edward Lee ; Kirsten Lapham  ; Christopher Elson ; Jordan Hurwitz

Testimonials

Large and global team.One stop shop with all the required expertise to successfully close your transaction in time. Very strong track record, deep knowledge of the industry best practices and gold standards.

Pragmatic, knowledgable, helpful.

The team has superb breadth and depth of experience which allows clients to be confident that the documentation contains all the latest technology. The team is draws on all relevant areas of expertise of the firm eg tax.

Brendan Gallen is exceptionally hardworking and knowledgeable about the funds space and is absolutely on top of the detail. He is also good at maintaining contact and is very thoughtful about creative ideas for solving problems.

Very commercial but also down to earth and straightforward.

Peter Olds is extremely responsive, very commercial and pragmatic in seeking client-focused solutions and has a great insight into market terms and data.

Key clients

Hg

EMK Capital

Avedon Capital Partners

Tenzing Private Equity

Ardian

Preservation Capital

Priveq Advisory AB

Gilde Buy Out Partners

G Square Capital

One Peak Partners

Moonfire Ventures

Bencis Capital Partners

Acquisition finance Tier 3

Proskauer Rose LLP's single-minded focus on penetrating the non-bank lending market continues to pay dividends, with some of the most active and prolific credit funds in the market, including Ares, Alcentra and Intermediate Capital Group, providing a regular flow of instructions on their direct lending mandates. Indeed, with four partners focused exclusively on work in the space, the team 'really knows the market', enabling it to provide 'reasonable and commercial advice', which is totally centred around getting the deal done. Alex Griffith  and Ben Davis  are both prolific and are adept across a range of debt structures, including unitranche, first out/last out and holdco PIK. Daniel Hendon was the most recent addition to the partnership ranks, following his promotion in November 2019, and is gaining plaudits for his 'responsive and knowledgeable' service.

Practice head(s):

Ben Davis; Alex Griffith; Faisal Ramzan

Other key lawyers:

Daniel Hendon; Harriet West

Testimonials

They just get it! They know the market, know their clients and just make the process as easy and straightforward as it can be in these particularly challenging times. We would trust them implicitly to look after our interests but be reasonable and commercial so that everyone can just get the deal done.’

Dedicated focus on private credit. Deep bench of partners. Value-added research and market data.’

‘The very detail-oriented Faisal Ramzan is highly engaged and focused on deals. He is in touch with the market but also has a very practical risk-based approach.’

The excellent Daniel Hendon is very responsive, knowledgeable, very easy to work with and just gets the job done.’

Key clients

Alcentra

Apollo

Ardian

Ares Management

Bain Capital Credit

Barings

BlackRock

BlueBay Asset Management

Cheyne

CORDET Capital

Corsair

EQT Credit

GIC

Global Risk Partners Group

LGT European Capital

HPS

Intermediate Capital Group

M&G Investments

Muzinich & Co

Tikehau Investment Management

TPG Sixth Street Partners

Varde Partners

Corporate tax Tier 4

Proskauer Rose LLP has a 'commercially minded' tax team with a 'deep understanding' of fund formation-related tax issues. Robert Gaut heads up the practice and is an 'outstanding tax adviser'. Stephen Pevsner has deep expertise in private fund formation and private equity sector tax work. Managing partner Mary Kuusisto is a 'clear standout' in the field of private equity taxation, and Catherine Sear is a key point of contact for fund tax work.

Practice head(s):

Robert Gaut

Other key lawyers:

Stephen Pevsner; Mary Kuusisto; Catherine Sear; Matt Pincus; Katerina Heal

Testimonials

The Proskauer Rose private equity tax team offers very strong technical capabilities coupled with very insightful and practical business solutions. This is not very common for tax professionals. Often you hear the technical description of a tax law or regulation with very little practical guidance or insight. The tax team can help solve business problems.’

Mary Kuusisto is the best tax attorney in private equity. The combination of her experience, tax expertise, and business acumen make her a clear standout in this field.’

Robert Gaut is an outstanding tax adviser. He gives advice which is very practical.’

Deep understanding of fund formation-related tax issues.’

Stephen Pevsner is my primary point of contact. He is responsive, user friendly in his advice, diligent and commercially minded. My go-to person when it comes to standalone UK corporate tax advice.’

Key clients

ICG

ScaleVP

Ardian

Atomico

Deliveroo

Falcon Investment Advisors

Värde Partners Europe

Ares Management Corporation

Antin Infrastructure Partners

Hg

Fund finance Tier 4

Led by special finance counsel Cameron Roper, the team at Proskauer Rose LLP advises funds, sponsors, financial institutions and alternative lenders on secured and unsecured subscription and capital call facilities, NAV and hybrid products, and GP and management-led funding transactions. The group in London works closely with its US offices on complex cross-border financings.

Practice head(s):

Cameron Roper

Testimonials

Reactive, nice to work with, technically sound, anticipate issues.

Cameron Roper – easy to work with, engaging, practical, pragmatic without compromising risk.

Very well integrated team, liaising smoothly with lots of different parts of the firm. Associates are of high quality and capable of leading deals making their advice very good value for a top tier firm. They bring a good knowledge of lending, and of funds issues, combining both well. Team culture is very client oriented and commercial, working all hours.

Cameron Roper is a rising star. He provides partner-level advice and creativity while working the hours (and charging the rates) that are more appropriate for an associate. He brings a wealth of credit risk understanding, addressing the issues rather than just churning out forms.

In-depth knowledge of latest trends in fund documentation. Strong integration of tax and legal team advice. Great knowledge of fund finance providers, providing a one-stop shop for fund formation, tax and finance negotiation services.

The work and advice we have received is consistently delivered promptly and to a high standard.

Key clients

EMK Capital

Tenzing Private Equity

One Peak

Atomico

Preservation Capital

Schroder Adveq

Private equity: transactions – high-value deals (£250m+) Tier 5

Proskauer Rose LLP continues to expand its market share of City private equity activity, receiving mandates from a number of new clients for both high-value and mid-market transactions. In addition to these new clients, the team acts for longstanding clients such as GIC, Investcorp, Anacap and Pollen Street on investments, acquisitions and exits. The team is active in regulated sectors such as financial services, as well as tech and retail. Steven Davis leads the  team, with Andrew Wingfield and Richard Bull also recommended.

Practice head(s):

Steven Davis

Other key lawyers:

Andrew Wingfield; Richard Bull

Testimonials

‘Excellent client service at all times. Very responsive. Knows our business inside out. Always available.’

‘Excellent levels of service always. Highly responsive. Provide excellent commercial advice. Fantastic legal knowledge and experience. Richard Bull is a true business partner and always available whenever needed. Extremely grateful for Richard and his team for all their hard work and dedication at all times when needed by us as a client.’

‘The team is very client focused. They know exactly what our specific needs are. They are able to move deals forward in a very efficient manner.’

‘All team members are good negotiators and are able to come up with efficient and practicable solutions to various issues encountered during a transaction. All individuals we have worked with have been able to create a good dynamic with the various parties involved in a deal.’

Key clients

3CP

Abry Partners

AnaCap Financial Partners

APG

Ardian

Charterhouse

Deliveroo

Exponent

FPE Capital

GIC

Goldman Sachs

ICG

Investcorp

Lexington

Lion Capital

Oaktree

One Peak Partners

Pollen Street Capital

Preservation Capital

Rubicon Partners

Schroder Adveq

Synova Capital

Toscafund

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

Proskauer Rose LLP's M&A practice routinely represents a broad roster of blue-chip clients working across numerous industries, including financial services, TMT, energy, and consumer goods. Global M&A co-chair and practice head Steven Davis concentrates on buyouts, buy-ins, and strategic M&A mandates for a rich and varied client base, with recent highlights including deals in hospitality and healthcare.  Richard Bull focuses on financial services and technology, while 'excellent negotiator' Matt Rees is sought out by a litany of institutional investors.

Practice head(s):

Steven Davis

Other key lawyers:

Richard Bull; Matt Rees; Liam Arthur; Rob Day; Andrew Wingfield

Testimonials

‘Very client focused. Understand perfectly what we need. In addition, the team is very goal-oriented. Therefore they ensure that processes keep on moving forward at all times.’

‘Matt Rees is an excellent negotiator and is very well-rehearsed in all the details. He is able to put forward our position in a very firm yet polite manner. Matt Clift works in a very efficient manner and is able to provide solutions to various issues that we have encountered in the transactions.’

‘Excellent client service at all times. Very responsive. Know our business inside out. Always available.’

‘Commercial, innovative, practical team. Great expertise and amazing collaborative approach.’

‘Andrew Wingfield – best lawyer I ever worked with. Super helpful, goes extra mile where needed.’

Key clients

3CP

Abry Partners

Accor

AnaCap Financial Partners

APG

Ardian

Bolloré Group

Brigadier Acquisition Company Limited

Deliveroo

Exponent

Charterhouse

FPE Capital

GIC

Goldman Sachs

ICG

Investcorp

Lexington

Lion Capital

Oaktree

One Peak Partners

Pollen Street Capital

Preservation Capital

Responsible Group

Rubicon Partners

Schroder Adveq

Synova Capital

Toscafund

William Hill

Commercial litigation: premium

Proskauer Rose LLP hired its first London litigation partner, Dorothy Murray from King & Wood Mallesons, in March 2020. It continued to show its commitment to building its practice with the addition of Steven Baker from White & Case LLP in February 2021. Supported by the firm’s strong City transactional practices (including its impressive funds practice) and its large US team, the practice is one to watch.

The firm: Proskauer has 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
 Bruno Bertrand-Delfau photo Bruno Bertrand-Delfau Bruno Bertrand-Delfau is a partner in Proskauer’s Private Funds Group. He has…
 Richard Bull  photo Richard Bull Richard Bull is a partner in Proskauer’s Corporate Department and a member…
 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, co-head of the…
 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 of Proskauer’s Private…
 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 Proskauer’s 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…
 Stephen Pevsner  photo Stephen Pevsner Stephen Pevsner is a tax partner and a member of Proskauer’s Private…
 Nigel van Zyl  photo Nigel van Zyl Nigel van Zyl specializes in advising asset managers, institutional investors and investment…
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