Proskauer Rose LLP > London, England > Firm Profile
Proskauer Rose LLP Offices

110 BISHOPSGATE
LONDON
EC2N 4AY
England
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Proskauer Rose LLP > The Legal 500 Rankings
Investment fund formation and management > Private funds Tier 2
Proskauer Rose LLP offers clients broad, deep expertise in the private funds space, with experience in acting for a range of GPs and LPs across private and growth equity, infrastructure, credit and renewable energy funds. The team’s expertise covers fund formation, fundraising and transactions; it is increasingly making a name for itself in the secondaries market, handling a steady stream of formations and transactions in this space including advising funds-of-funds and continuation funds. Jordan Hurwitz was promoted to partner in November 2021, joining the ‘outstanding’ Bruno Bertrand-Delfau as secondaries-focused partners in the team. Nigel van ZylPractice head(s):
Other key lawyers:
Jordan Hurwitz; Bruno Bertrand-Delfau; Edward Lee; Peter Olds; Warren Allan; Lucie Rose; Christopher Elson; Aran Randhawa; Nick Rose; Sean Spence
Testimonials
‘The Private Funds team at Proskauer is one of the most experienced and dedicated teams that I know. Very efficient and pragmatic with strong business oriented approach. They’re able to to bring on board specialist and expert when needed.’
‘An agile team with good experience. Strong access to the overall platform of Proskauer if needed and good availability of the most experienced partners if needs be. A gender-balanced team with a mix of backgrounds and languages spoken. Practice covers all aspects of our business and is well tooled to answer all our needs.’
‘Bruno Bertrand-Delfau is an outstanding partner, very experienced, very agile, creative and intelligent. The support of Jordan Hurwitz is strong as well to run the practice. They both know our key criteria to negotiate, get straight to the point and can be very educational for us on complex matters.’
‘The Private Funds practice at Proskauer Rose is unlike any other in that they are able to fully integrate into our structure in order to operate almost as an extension of our team. They have the ability to advise our front office teams and work with them to find the best course of action as we well as liaising with our back office, admin and legal teams to push the issue forward within our oversight framework.’
‘Bruno Bertrand-Delfau is our lead partner at Proskauer. He’s very well organized and is always be on top of all the deals we’re working with his team on. I appreciate his client oriented approach and his team’s general availability to support us on multiple deals at the same time.’
‘Chris Elson stands out with his calm demeanor, balanced views, network, and work ethic.’
‘A team with great strength and depth. They train and bring on their associates very well with strong technical skills and market insight and commerciality from a fairly early stage. This, coupled with their traditionally strong senior team make them go-to advisers.’
‘Lucie Rose is an exceptional lawyer and has stewarded many of our investments. Warren Allan is deeply knowledgably yet incredibly practical and helpful.’
Key clients
2150
Access Capital Partners
Ardian
AnaCap
A.P. Møller
Capital Dynamics
EMK Capital
G Square Healthcare
Hg
Investcorp
Lexington Partners
Northzone
One Peak
Singular Capital Partners
Strategic Partners Fund Solutions
Tenzing Private Equity
2150
Access Capital Partners
Ardian
AnaCap
A.P. Møller
Capital Dynamics
EMK Capital
G Square Healthcare
Hg
Investcorp
Lexington Partners
Northzone
One Peak
Singular Capital Partners
Strategic Partners Fund Solutions
Tenzing Private Equity
Finance > Acquisition finance Tier 3
Proskauer Rose LLP is recognised as a ‘go to team’ on the creditor side for mid to upper-mid market direct lending deals, where its longstanding expertise in the space ensures that it has strong ties with many of the most active funds (including Alcentra, Barings and Apollo). This level of market intel (which is also reflected in a well-received proprietary database tracking deal terms) also ensures that the team is at the vanguard of market developments, including on ESG pricing ratchets and recurring revenue loans, which are both gaining traction in the market. The ‘very experienced’ Alexander Griffith has ‘seen it all’ and is noted for his aptitude at advising on innovative, first-in-kind transactions involving private sources of capital. The ‘outstanding’ Faisal Ramzan and Ben Davis, who ‘understands the commercial ins and outs of a transaction’, also have vast experience, while more junior partner Daniel Hendon continues to impress through his knowledge across a myriad of finance products.Practice head(s):
Other key lawyers:
Testimonials
‘Really strong and well regarded team. Innovative for data across the UK mid- market.’
‘The team has a strong knowledge of the market, is personable and easy to work with.’
‘It is a large team of partners, with in my view the best experience of the direct lending market having worked with all the market players on the lender side.’
‘The very experienced Alex Griffith has seen it all and is capable of sorting out any situation – always in a very friendly way.’
‘Ben Davis is very commercial, knows how to set his priorities, understands the commercial “ins and outs” of a transaction and can act accordingly from a legal perspective. It is always a pleasure to work with Ben.’
‘Ben Davis is one of the best lawyers I have ever worked with – going through every detail.’
‘Faisal Ramzan is outstanding.’
Key clients
Alcentra
Apera Asset Management
Apollo
Arcmont Asset Management Limited
Ardian
Ares Management
Ashgrove Capital
Bain Capital Credit
Barings
BlackRock
BlackStone Credit
Bridgepoint Credit
CDPQ
Cheyne
CORDET Capital
Crescent
GIC
Golub Capital
Goldman Sachs International
HPS (Highbridge)
ICG
Investec Bank
Kartesia Management
KKR Credit
LGT
M&G Investments
Muzinich & Co
Pemberton
Phoenix Investments
Sixth Street Partners
Tikehau Investment Management
Work highlights
- Advised Ares Management on the circa £550m upsizing of the existing financing to the Ardonagh Group.
- Represented ICG on their provision of €960m to support Charterhouse’s (via its portfolio company (Serb)) acquisition of the BTG Specialty Pharmaceuticals business.
- Represented GIC and Blackstone Credit in their provision of second lien financing to support Clayton, Dubilier & Rice’s £2.8bn take-private of UDG Healthcare PLC and combination with Huntsworth.
Corporate and commercial > Corporate tax Tier 4
‘Experienced and efficient’ Proskauer Rose LLP is noted for its private equity expertise, and has additional aptitude in areas such as M&A and real estate. Practice head Robert Gaut handles a broad variety of areas encompassing fund formation, structuring and real estate. Stephen Pevsner is experienced in the full life cycle of private fund-related transactions, while managing partner Mary Kuusisto advises high value clients on both US and UK tax law. Catherine Sear handles cross-border taxation matters for individuals, corporations and partnerships.Practice head(s):
Other key lawyers:
Testimonials
‘Large tax team experienced and efficient in fund formation and transactional work.’
‘Robert Gaut and Catherine Sear are very good.’
‘The team provides a great combination of superior technical expertise along with the ability to positively interact with prospective and existing investors. The team’s ability to explain technical items to non-tax professionals and gain their trust and comfort is second to none.’
‘Mary Kuusisto is the best tax attorney in private equity – full stop. There is nobody that compares to her technical knowledge and ability to manage client and investor relationships.’
Key clients
17Capital
7RIDGE
Accor
Antin Infrastructure Partners
Ardian
Arkema Inc.
BentallGreenOak
Blossom Capital
Deliveroo
GIC and Blackstone Credit
Golub Capital
Greenspring Associates
Hollyport Capital
Onex Falcon
Park Holidays UK Ltd.
Responsible Life and Responsible Lending (the Responsible Group)
Investment fund formation and management > Fund finance Tier 4
Combining expertise in finance, private credit and private investment funds, the fund finance team at Proskauer Rose LLP is often sought after to handle cross-border transactions, including subscription and capital call facilities, NAV structures and hybrid financing. Receiving strong praise from clients is practice head Cameron Roper, who is rated for ‘the quality of advice he provides, the way he explains legal points and the quick replies’ and described as a ‘go-to lawyer for anything fund finance related’.Practice head(s):
Cameron Roper; Ron Franklin
Testimonials
‘Strong team with commercial focus, availability and accurate cost scoping and billing.’
‘Cameron Roper is a stand-out member of the team. He provides clear advice and is available at all times.’
‘Deep bench strength, excellent know-how and a good platform built around servicing fund clients that can really help to unpick thorny issues on transactions.’
‘Very commercial, technically strong, efficient and solution focused.’
‘Cameron Roper is simply excellent. He always provides clear and effective guidance. He knows when to give up points and when to dig in. He is our go-to lawyer for anything fund finance related.’
‘I have worked with Cameron Roper multiple times over the past few years. My team and I are always very impressed with the quality of advice he provides, the way he explains legal points and the quick replies.’
‘Persistence and dedication to getting the work done. They have a good sound commercial understanding of the issues around fund financing.’
‘We work almost exclusively with Cameron Roper. His persistence and dedication to getting the work done is commendable. He is easy to deal with and commercially minded.’
Key clients
EMK Capital
Tenzing Private Equity
One Peak
Atomico
Schroders Capital
ICG
AnaCap Financial Partners
Corporate and commercial > Private equity: transactions – high-value deals (£250m+) Tier 5
With a particular focus on the technology and financial services sectors, Proskauer Rose LLP is adept at handling transactions for both sponsors and portfolio companies. The group wins repeat mandates from many of its clients, advising them on a string of acquisitions, investments and exits. Steven DavisPractice head(s):
Other key lawyers:
Key clients
7RIDGE
AnaCap Financial Partners
Charterhouse Capital Partners
Exponent Private Equity
ICG
Investcorp
Lion Capital
Oaktree
One Peak Partners
Pollen Street Capital
Rubicon Partners
Synova
Toscafund
Varde Partners
Work highlights
- Advised ICG on the sale of Park Holidays UK Ltd. to New York-listed Sun Communities.
- Advised Synova on its disposal of a majority of its interests in Fairstone Group, a national provider of financial advice and financial investment products, to TA Associates.
- Advised Pollen Street Capital on its role as lead investor in Markerstudy Group.
Corporate and commercial > Financial services: non-contentious/regulatory Tier 6
The team at Proskauer Rose LLP caters to an array of private asset managers, including hedge funds, portfolio managers and private funds, on a broad range of regulatory affairs; examples include AIFMD-related advice, ESG affairs and fund formations, in addition to related private equity and M&A transactions. John Verwey heads the practice; former co-head Kirsten Lapham left the firm in January 2023.Practice head(s):
Key clients
AnaCap Financial Partners Limited
Deerpath Capital Management LP
AP Moller
Atomico
Copper Street Capital
EMK Capital
Pathway Capital LLC
Investcorp Securities Limited
Park Holidays / Intermediate Capital Group
Work highlights
- Advised on the regulatory aspects of the sale of Park Holidays UK Ltd. to New York-listed Sun Communities.
- Provided regulatory advice to Atomico on the formation and ongoing requirements arising from Atomico V which was oversubscribed.
- Working on all regulatory and marketing aspects of bringing APMC’s next fund to market.
Corporate and commercial > M&A: upper mid-market and premium deals, £500m+ Tier 6
Steered by the highly experienced global PE and M&A co-chair Steven DavisPractice head(s):
Other key lawyers:
Andrew Wingfield; Matt Clift; Rebecca Villarreal; Rob Day; Richard Bull
Testimonials
‘Unparalleled sector expertise, billing transparency, very commercial. Super insightful, always fight in your corner. Great M&A specialists. We’ve done five deals with them and we’re very excited to do more.’
‘Very friendly, commercial and always cater for your circumstances. Very open about billing, listen to the feedback. Market and sector expertise allows to provide necessary insights to me as the CEO and owner of the business.’
‘This team has an excellent legal expertise covering the broad corporate M&A space but with deeper sector knowledge that is invaluable. They work extremely hard and take innovative approaches to solving complex issues. They are able to leverage the other practices within Proskauer Rose, including regulatory issues and tax.’
‘Andrew Wingfield has – in my view – an unparalleled capacity to get things done. He is incisive and has an ability to cut through to the important issues and get them resolved. This helps remove emotion from often tricky M&A negotiations. He is creative when it comes to problem solving and his broader understanding of tax and regulatory impacts ensures there is no unnecessary duplication of effort, only bringing in those colleague as required.’
‘Andrew Wingfield’s grasp of complex corporate issues is excellent. His experience in and knowledge of regulated financial services, including the banking and insurance sectors, is invaluable.’
Key clients
7RIDGE
Accor
AnaCap Financial Partners
Auctane
Charterhouse Capital Partners
Deliveroo
Exponent Private Equity
ICG
Investcorp
Lion Capital
One Peak Partners
Pollen Street Capital
Rubicon Partners
Synova
Toscafund
Varde Partners
Work highlights
- Advised Accor SA on the creation of £1.2bn joint venture between Accor and Ennismore for the management and operation of lifestyle hotels internationally.
- Advised ICG on the sale of Park Holidays UK Ltd. to New York-listed Sun Communities for £1bn, as well as its investment in Lucid Group.
- Advised AnaCap Financial Partners on a series of investment transactions, including the €300m acquisition of a majority interest in Market Pay.
Dispute resolution > Commercial litigation: premium Tier 6
Proskauer Rose LLP fields a team of ‘creative lawyers with real gumption for a fight‘, be that post-M&A, shareholder, contractual, partnership or joint venture related. The firm is particularly well positioned to handle disputes specific to asset managers. Co-chairs Dorothy Murray and Steven Baker are singled out by one client as ‘really top class‘.Practice head(s):
Testimonials
‘The Proskauer team is brilliant. They are very creative lawyers with real gumption for a fight when that is what their clients need. I have seen them pull clients out of situations that other firms would find very sticky indeed.’
‘Steven Baker and Dorothy Murray are both extremely bright, easy to work with, communicate well with clients and and are highly experienced. Really top class.’
‘Dorothy Murray, in particular, is brilliant. She considers every angle, including many that others would not perceive at all. But she is no “kitchen sink” lawyer. Having carefully considered every possibility, she selects and then ruthlessly prosecutes the strategies that are most likely to bring success to the client.’
‘Great heavyweight outfit with all the talents and strengths to litigate hard and successfully however big a dispute.’
‘Steven Baker – a class act at the top of his game.’
‘Advised on a sticky cross border matter and helped get to an efficient solution.’
Key clients
Millennium Technology Venture Partners
Goldman Sachs International
Members of the Advisory Committee of the Novalpina Capital Partners I SCSp Fund
Lion Capital LLP, Lion/Heaven UK II Limited
Olalekan Akinyanmi
Timothy Webster, Christopher Dobson, Emma Loisel and Aitken Investments Ltd (Former majority shareholders of The Exchange Lab Ltd)
NOAL SCSp (formerly known as Novalpina Capital Partners ISCSp)
Work highlights
- Handled a forced removal of the General Partner on behalf of the Advisory Committee of the €1bn fund Novalpina Capital Partners.
- Represented venture capital investor Millennium Technology Venture Partners in a $250 million claim, securing a finding of unfair prejudice and buy-out of its stake in ETFS.
- Representing Goldman Sachs International in long-running and multi-jurisdictional litigation valued at over $1bn arising out the collapse of a European bank.
Dispute resolution > Banking litigation: investment and retail
United States > Media, technology and telecoms > Telecoms and broadcast: transactions
The telecoms & broadcast team of Proskauer Rose LLP position themselves at the forefront of digital distribution, handling matters pertaining to traditional internet platforms and emerging OTT services such as Hulu, AMC Networks, and fuboTV and recently advised on industry-shaping M&A for Discovery and ForgeLight. Headquartered in New York, the practice is led by Lauren Boglivi, Sandra Crawshaw-Sparks, Robert Freeman, and Jeffrey Neuburger. Will Chuchawat is an active dealmaker within the team, while Vishnu Shankar joined from Sidley Austin LLP in April 2021.Practice head(s):
Other key lawyers:
Wai Choy
Key clients
Altice USA
AMC Networks
Bain Capital
Castlelake
Comtech Telecommunications
Cox Communications
Digicel
Discovery
DISH Network
Fan Controlled Football League
ForgeLight LLC
fuboTV
Hearst Magazines
Hulu
iHeartMedia
Los Angeles 2028 Organizing Committee (LA 2028)
Minute Media
Major League Soccer
National Basketball Association
National Football League
Rádio e Televisão Bandeirantes
Shamrock Capital Advisors
Spectrum (Charter Communications)
Tegna
The Ivy League
United States Golf Association
Urban One
Work highlights
- Advised Discovery in its agreement with AT&T to combine Discovery with AT&T’s WarnerMedia assets and in the sale of the Great American Country Network to GAC Media.
- Represented Hulu in negotiating new distribution agreements with ViacomCBS
- Represented ForgeLight LLC in connection with its acquisition of a majority stake in Univision Holdings, Inc.
Proskauer Rose LLP > Firm Profile
Firm Overview:
Proskauer has more than 800 lawyers across 12 offices worldwide. We are constantly and strategically strengthening our core practices and industry offerings ensuring that we continually innovate to meet the needs of the markets we serve. We are laser-focused on delivering outstanding client service. Proskauer’s London office serves asset managers throughout the life cycle of their business. We have built a tightly integrated, high-performing team, working with some of the most active players in the market. We are a go-to firm for asset managers, including private equity firms, private funds, SWFs, investment banks, family offices and large privately held and publically traded operating 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.
Main Areas of Practice:
Transactional
Private Investment Funds:
Fund formation, secondary transactions (buy-side and sell-side), GP-led transactions, continuation funds, fund restructurings, primary investments.
M&A and Private Equity Transactions:
Acquisitions and disposals, co-investments and JVs, fund M&A/GP stakes, spin-outs, portfolio & investment management, growth equity investments, take privates, complex carve-outs, IPOs, recapitalisations, the equity aspects of distressed situations.
Private Credit:
Private credit transactions, including senior and unitranche loans; first out/last out debt; second-lien loans; mezzanine or subordinated debt; complex intercreditor arrangements; mixed unitranche and asset-based lending structures; holdco PIK facilities; preferred equity investments; equity kickers and co-investments.
Fund Finance:
Secured and unsecured subscription/capital call facilities; revolving credit facilities; NAV facilities; hybrid facilities; warehouse facilities; GP, management and co-investment facilities.
Capital Markets:
NY-qualified team for cross-border related matters. The team bridges US terms and concepts into European deals. IPOs, follow-on and secondary offerings, block trades, rights offerings and offerings of convertible and exchangeable bonds; SPACs, PIPEs, public M&A and international corporate transactions.
Strategic Advisory
Restructuring & Insolvency:
Alterative capital financing, stressed and distressed situations; restructurings; restructuring of “clubbed” and syndicated credits and preferred equity investments; recovery strategies; real estate and asset financing; public to private financing; secured syndicated corporate lending.
Privacy/Cybersecurity:
Non-contentious GDPR work (data protection); parental liability; managing strategic cyber crises.
Tax:
US and UK taxation in a transactional and advisory context; high-end bespoke tax strategy and fund structuring; incentive tax structuring advice.
Employment:
Counselling & training; hiring & terminations; executive compensation (incl. carried interest arrangements and other complex incentive arrangements); regulatory constraints around remuneration; management of portfolio companies; establishment of policies & practices; restrictive covenants, confidential information and team moves; conduct rules and associated disclosure and filing.
Contentious & Regulatory
European Regulatory:
Financial services regulatory work; regulatory and marketing aspects of fund formations; regulatory aspects of strategic acquisitions and dispositions; complex consumer credit and FinTech regulatory issues; queries relating to the regulation of Crypto assets and digital tokens.
International Disputes:
Fund disputes, disputes in or with portfolio companies and all related issues, whether that is restrictive covenants and team moves, defamation or shareholder JVs; IP/IT disputes; international arbitration.
Antitrust, Competition & Compliance:
Regulatory clearances for cross-border M&A; antitrust litigation; CMA and other EU authority investigations (including EC); competition law related disputes and investigations. International trade, compliance (including anti-bribery and anti-corruption advice), foreign direct investment, regulatory and sanctions advice.
Key Industry Verticals
Technology:
Technology-focused fund formations, growth capital investments, standalone IP licensing/software allotment, outsourcing agreements, JV agreements, commercial contracts, strategic transactional advice, data transactions and related disputes.
Financial Services:
Fintech, insurance/Insurtech, payments and wealth management; challenger bank deals; regulated M&A.
Real Estate & Hospitality:
M&A, management agreements, mixed-use development, distressed situations and all aspects of real estate holding and development.
Sports (including Betting and Gaming):
Transactions, negotiations and litigations, including joint ventures with strategic partners, private equity investments, stadium and arena development projects and financing transactions.
Main Contacts
Department | Name | Telephone | |
---|---|---|---|
Mary Kuusisto | mkuusisto@proskauer.com | 44.20.7280.2159 |
Lawyer Profiles
Photo | Name | Position | Profile |
---|---|---|---|
![]() | Steven Baker | Steven Baker is a partner in Proskauer’s Litigation department and a member… | View Profile |
![]() | Bruno Bertrand-Delfau | Bruno Bertrand-Delfau is a partner in Proskauer’s Private Funds Group. He has… | View Profile |
![]() | Richard Bull | Richard Bull is a partner in Proskauer’s Corporate Department and a member… | View Profile |
![]() | Peter Castellon | Peter represents issuers, underwriters and selling shareholders in connection with capital markets… | View Profile |
![]() | Matt Clift | Matt Clift is an associate in Proskauer’s Corporate Department and a member… | View Profile |
![]() | Adam Creed | Adam Creed is a partner in Proskauer’s Corporate Department and a member… | View Profile |
![]() | Steven Davis | Steven Davis is a partner in Proskauer’s Corporate Department, co-head of the… | View Profile |
![]() | Benjamin Davis | Ben Davis is a partner in Proskauer’s Corporate Department and a member… | View Profile |
![]() | Rob Day | Rob Day is a partner in Proskauer’s Corporate Department and a member… | View Profile |
![]() | Christopher Elson | Chris advises fund managers on a range of matters, focusing on fundraising… | View Profile |
![]() | Brendan Gallen | Brendan is a special funds counsel in Proskauer’s Corporate Department and a… | View Profile |
![]() | Robert Gaut | Robert Gaut is a tax partner and head of Proskauer’s UK tax… | View Profile |
![]() | Alexander Griffith | Alex Griffith is a partner in Proskauer’s Corporate Department and a member of Proskauer’s Private… | View Profile |
![]() | Daniel Hendon | Daniel Hendon is a partner in Proskauer’s Corporate Department and a member… | View Profile |
![]() | Jordan Hurwitz | Jordan Hurwitz is an associate in Proskauer’s Private Funds Group. Jordan advises… | View Profile |
![]() | Mary Kuusisto | Mary B. Kuusisto is a partner in Proskauer’s Private Funds Group, a… | View Profile |
![]() | Edward Lee | Edward Lee is a partner in Proskauer’s Private Funds Group. Edward advises… | View Profile |
![]() | Dorothy Murray | Dorothy Murray is a partner in Proskauer’s Litigation Department specializing in investment… | View Profile |
![]() | Stephen Pevsner | Stephen Pevsner is a tax partner and a member of Proskauer’s Private… | View Profile |
![]() | Faisal Ramzan | Faisal Ramzan is a partner in Proskauer’s Corporate Department and a member… | View Profile |
![]() | Aranpreet Randhawa | Aranpreet is a partner in Proskauer’s Private Funds Group in London. She… | View Profile |
![]() | Cameron Roper | Cameron Roper is a special finance counsel in Proskauer’s Corporate Department and a… | View Profile |
![]() | Catherine Sear | Catherine Sear is a partner in Proskauer’s Tax Department and a member… | View Profile |
![]() | Mr Vishnu Shankar | Vishnu Shankar is a partner in Proskauer’s Technology, Media & Telecommunications, Privacy… | View Profile |
![]() | John Verwey | John Verwey is a partner in Proskauer’s Private Funds Group. John advises… | View Profile |
![]() | Rebecca Villarreal | Rebecca Villarreal is a partner in Proskauer’s Corporate Department and a member… | View Profile |
![]() | Andrew Wingfield | Andrew Wingfield is a partner in Proskauer’s Corporate Department and a member of our… | View Profile |
![]() | Nigel van Zyl | Nigel van Zyl specializes in advising asset managers, institutional investors and investment… | View Profile |