Ropes & Gray > London, England > Firm Profile

Ropes & Gray
60 LUDGATE HILL
LONDON
EC4M 7AW
England

Finance > High yield Tier 2

Ropes & Gray LLP frequently handles big-ticket and highly complex high yield financings for issuer and underwriter clients. Head of finance in London Michael Kazakevich acted for New Altice Europe B.V. on the financing of its take-private transaction for Altice Europe, which involved the refinancing of the initial debt to Altice Finco France SAS, and a notes purchase agreement for €279m. Key partner Robert Haak advised VodafoneZiggo on its €2.1bn-equivalent cross-border sustainability-linked bond offering, which required the issuance of teaches of $1.525bn and €750m in sustainability-linked senior secured notes. Jane Rogers handles a broad range of M&A deals, and debt and mezzanine financings. She worked with Haak on a $1.25bn issuance by Liberty Global. Emerging partner talent Aditya Khanna is active for key client Altice USA.

Practice head(s):

Michael Kazakevich

Key clients

New Altice Europe B.V. (formerly Altice Europe N.V.)/Altice France S.A./Altice International S.à r.l.

Altice USA

Liberty Global plc

Liberty Latin America

Goldman Sachs

Skandinaviska Enskilda Banken (SEB)

J.P. Morgan

BNP Paribas

Deutsche Bank

BidFair/Sotheby’s

VodafoneZiggo B.V.

Monarch Alternative Capital

Virgin Media O2

VTR Comunicaciones SpA

Liberty Communications of Puerto Rico LLC (LCPR)

Work highlights

  • Advised VZ Secured Financing B.V., a SPV entity in the VodafoneZiggo group, on their launched €2.1 billion-equivalent 10NC5 cross-border sustainability-linked bond offering.
  • Advised Virgin Media O2 in connection with multiple bond financings.
  • Advised Next Alt S.à r.l, an entity controlled by Patrick Drahi on the financing aspects of its take-private of Altice Europe. The recommended all-cash offer valued the company at €4.9 billion.

Finance > Acquisition finance Tier 3

Well-versed across US and European financings, including in the context of high yield, leveraged loans and private credit, the 'experienced and solutions-driven' team at Ropes & Gray LLP is a popular choice among borrowers and lenders on their cross-border acquisition finance work. As well as its consistent stream of work (including on the acquisition finance front) for Liberty Global and Altice, two of the biggest issuers of bonds and loans in the European market, the team, which is headed by Michael Kazakevich also receives a significant flow of work for financial sponsors, an area of the practice which is likely to grow in light of the recent recruitment of a three-partner private equity M&A team from Fried, Frank, Harris, Shriver & Jacobson LLP. The 'technically excellent and commercially astute' Alex Robb  is adept at advising borrowers on their acquisition finance activity and is well-versed across a broad array of debt products, from unitranche loans to European term loan B large-cap loans.

Practice head(s):

Michael Kazakevich

Other key lawyers:

Alex Robb; Alexandru Mocanu; Ana Biloglav

Testimonials

Brilliant minds, responsive and professional, experienced and solutions-driven.’

If you are an underwriting bank, you want Ropes & Gray on your side due to its willingness to have a sensible conversation on what is important and what does not matter in a deal.’

Alex Robb is very well regarded in all aspects of acquisition finance.’

Alex Robb is technically excellent and commercially astute. He is solutions focused and drives the deal to closure on time.’

Key clients

Virgin Media O2

Liberty Global

New Altice Europe B.V. (formerly Altice Europe N.V.)

Baring PE Asia

Bain Capital Credit

Vision Healthcare Group (Avista Capital Partners)

GHO Capital Partners

Permira Credit

Skandinaviska Enskilda Banken (SEB)

Bridgepoint

Work highlights

  • Advised on the financing arrangements for the £31.4bn joint venture combination of O2 and Virgin Media by Liberty Global and Telefonica.
  • Advised Next Alt S.à r.l, an entity controlled by Patrick Drahi, the founder and majority shareholder of Altice Europe, now New Altice Europe B.V., on the financing aspects of its take-private of Altice Europe.
  • Advised Liberty Global in connection with the financing for its $7.7bn public to private acquisition of Sunrise Communications Group, and subsequent ‘flip up’ of debt.

Investment fund formation and management > Private funds Tier 3

Since practice head Tom Alabaster joined the firm in 2020, Ropes & Gray has made a name for itself in advising GPs and LPs on matters pertaining to a range of asset classes and fund structures. The team’s work for sponsors includes acting for prominent European and American fund managers in launching private equity, growth, impact and credit funds, while on the investor side it is particular active in handling co-investments. Alongside Alabaster, Emily Brown is also a key figure in the practice.

Practice head(s):

Tom Alabaster

Other key lawyers:

Key clients

The Blackstone Group

Partners Group

Baillie Gifford

Nordic Capital

Averna Capital

UBS

HarbourVest

Nexus Point

Northleaf Capital

Novacap

Sequoia Capital

Golding Capital Partners

TSG

UBS

Limerston Capital

Medicxi

SCOR SE

Cambridge University Endowment Fund

Incus Capital

GHO Capital Management LLP

Averna Capital

Investment fund formation and management > Real estate funds Tier 3

Tom Alabaster leads the growing team at Ropes & Gray, and he has a strong reputation for advising on the international structuring, marketing and operation of real estate funds and real estate fund managers across an array of strategies and jurisdictions. In addition, he is experienced in the structuring of real estate sponsor-to-sponsor M&A, joint ventures, structured secondaries, separate managed accounts and co-investments. The team has a significant real estate funds presence in Europe, providing advice to high-profile clients regarding of formations and transactions of various kinds. Emily Brown is a key member of the team.

Practice head(s):

Tom Alabaster

Other key lawyers:

Testimonials

‘The Ropes & Gray fund formation tea has grown quite a bit over the last year and their name comes up very often as lead counsel to high-profile names – particularly US sponsors – raising funds in Europe.’

Key clients

CBRE

Nuveen

Round Hill Capital

NTR

Real estate > Commercial property: investment Tier 3

Noted for its expertise in big-ticket, private equity transactions, the London real estate team at US firm Ropes & Gray LLP ‘has a unique, proactive and entrepreneurial ability in complex, cross-border joint ventures’, in addition to corporate sales and purchases, and large-scale development projects. Counting debt and sovereign wealth funds, endowments, operating partners and family offices among its key roster of clients, the team is led by David Seymour, who has experience across all types of real estate assets, including logistics and industrial, offices, data centres and life sciences. Will Bryant was promoted to partner in November 2021 and advises on a range of direct and indirect investment structures and transactions.

Practice head(s):

David Seymour

Other key lawyers:

Testimonials

‘The property team at Ropes & Gray has a unique, proactive and entrepreneurial ability in complex, cross-border joint ventures. They take a very holistical and commercial approach to transactions and were able to join up multiple disciplines into the negotiation.’

Key clients

APG

Arax Properties

Arrow Capital

Bain Capital

Cathexis/Yondr

GIC

King Street

Partners Group

QuadReal

Sixth Street

Millemont Capital Partners

Caribbean Biodiversity Fund (pro bono)

Work highlights

  • Advised Singapore’s sovereign wealth fund, GIC, on a UK RE life sciences investment in The Oxford Science Park (TOSP) from Magdalen College, Oxford and on related joint venture and development matters in relation to TOSP.
  • Advised Partners Group on its programmatic joint venture with ARA Dunedin to build up a £250m UK logistics platform and on the joint venture’s first acquisition of a seven-asset portfolio from Regional REIT for £45m.
  • Advised the London-based real estate team of Sixth Street on its platform joint venture with Henley Investment Management and on the joint venture’s first acquisition of a large office campus in West London close to Heathrow Airport.

Corporate and commercial > Corporate tax Tier 4

Ropes & Gray LLP advises global clients in the areas of private equity, fund formation, real estate, and banking & finance. European tax practice head Brenda Coleman  leads the department, and has a strong reputation in international tax planning. Andrew Howard focuses on financing aspects of high value transactions, such as Baring Private Equity Asia’s $2.8bn acquisition of Tricor Group. Newly promoted partner Chris Agnoli works on both domestic and international tax matters.

Practice head(s):

Brenda Coleman

Other key lawyers:

Testimonials

‘Brenda Coleman is the beacon of the tax team.’

‘Brenda Coleman is very experienced, hands-on and pragmatic.’

‘Excellent in working on international private equity transactions, were timing can be extremely tight, experience counts for a lot and working together in various jurisdictions is of great importance.’

‘Brenda Coleman – very experienced, quick and knowledgeable on international and UK tax matters. A joy to work with! Andrew Howard – sharp tax mind, commercial, eye for relevant tax details but without losing sight of the bigger transactional picture.’

‘Brenda Coleman and Andrew Howard advise us on the tax aspects of particular private equity investment products. They combine strong sector knowledge with a pragmatic and “can do” approach.’

‘The team are incredibly well organised, with clear working groups supporting each project while being able to leverage expertise across the wider team as needed.’

‘Great tax team, lots of international experience, especially good at working on UK/US/EU cross border tax matters.’

Key clients

Baring Private Equity Asia

TPG Capital

ERM

3i Group

Bridgepoint Development Capital

Inflexion

Advent International

NeoGenomics, Inc.

SC Health Corp.

Intermediate Capital Group

GIC

Quadreal Property Group

Partners Group

Liberty Global

Work highlights

  • Advised BPEA on the tax aspects of its acquisition of Tricor Group (Tricor), Asia’s leading business expansion specialist whose corporate mission is to facilitate globalisation in Asia, and related financing.
  • Advised TPG’s portfolio company WellSky Corporation on the tax and incentive aspects of the sale of WellSky International to System C Healthcare.
  • Advised ERM, the world’s largest pure-play sustainability consultancy, and the ERM Partner shareholders, on the tax aspects of the sale of ERM to KKR, a leading global investment firm.

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

Ropes & Gray LLP continues to be instructed on a wide range of private equity mandates, acting for sponsors on acquisitions and disposals as well as handling investments. The practice is active in both the mid-market and high-value spaces. The team recently experienced several changes, with Kiran Sharma retiring in January 2022 and practice head Will Rosen going on secondment to Bain in the same month. This was followed in April by the addition of a number of PE partners from Fried, Frank, Harris, Shriver & Jacobson LLP, including Dan Oates and Simon Saitowitz. In addition to the new joiners, Helen Croke is a key figure in the team, with experience acting for a number of large and mid-cap PE funds, and John Newton wins praise from clients for his expertise in the healthcare sector. Elizabeth Todd is also well-regarded for her ability to ‘manage both the big picture and the details’.

Practice head(s):

Will Rosen

Testimonials

‘Helen Croke is an incredible lawyer, an outstanding person and I would highly recommend her to anyone (and have). Helen is truly one of the most intelligent, knowledgeable, and experienced lawyers I have ever worked with. In any transaction, we could receive a 400 page dense mark-up, and Helen has an amazing ability to digest it rapidly within a few hours, and call me and explain the 3 primary issues, and potential solutions, in a matter of minutes.’

‘The team’s key strength is their experience negotiating and executing the legal elements of LBO transactions. They have worked on highly complex transactions on accelerated timelines with limited margin to learn on the job and have delivered.’

‘Elizabeth Todd is a tremendous partner. She is highly commercial and is able to manage both the big picture and the details. She is a particularly strong negotiator and is able to win key commercial points without antagonising the other side. Elizabeth’s judgement is very strong.’

‘John Newton is extremely knowledgeable and managed our deal in a very calm way. Shona Ha is an excellent lawyer and highly responsive and practical – my executive management team colleagues really appreciated her style and approach.’

‘Ropes and Gray just get it. They always go the extra mile, have deep and calm insights into the challenges in front of their clients. Excellent commercial and legal skills that drive complex multi stakeholder negotiations.’

‘The Ropes team has delivered exceptional service and value across the many transactions we have worked together on. The team is very proactive, willing to help and has strong technical capabilities in the healthcare space which makes a difference in the diligence process. The team is highly diverse, which usually results in a very balanced view on key topics.’

‘John Newton is calm under pressure, expertly manages his team on large transactions, and makes sure we win the important points in key negotiations.  Vicky McGrath is great to deal with and all over the detail of the transaction documents and the complex funding arrangements. She is a real pleasure to work with and never lets you down.’

‘Elizabeth Todd is the best technical lawyer I know – the person to go to with a complex seemingly unsolvable question. Shona Ha has fantastic manner and judgment – knows when to push and when to play nice – great to work with. Will Rosen is the Guru of PE.’

Key clients

3i Group

Advent International

American Industrial Partners

Aquiline Capital Partners

Arsenal Capital Management

Astorg

Aurora Acquisition Corp

Averna Capital

Avista Capital Partners

Baillie Gifford

Bain Capital

Baring Private Equity Asia Limited

Bridgepoint

BV Investment Partners

Cathexis Investment Management

CDC Group plc

Charlesbank Capital Partners

Cove Hill

Generation Investment Management

GHO Capital

Healthcare Services Acquisition Corp

Inflexion

Intermediate Capital Group

Lee Equity Partners

Livingbridge

New Mountain Capital

Nordic Capital

Northpond Ventures

Partners Group

PIMCO

SC Health Corp

Silver Lake Partners

Sixth Street

Sports Entertainment Acquisition Corp

TPG Capital

TSG Consumer Partners

Welsh Carson Anderson & Stowe

Work highlights

  • Advised Partners Group, the global private markets firm, on its acquisition of Pharmathen, a European pharmaceutical company, from international investment firm BC Partners. The transaction values Pharmathen at an enterprise value of around US$1.9 billion.
  • Advised ERM Partners as 45% selling shareholders on the sale of ERM, the world’s largest pure-play sustainability consultancy, to KKR.
  • Advised Avista Capital Partners and Nordic Capital and Swiss pharmaceutical company Acino on the  sale of Acino to ADQ, one of the Middle East’s largest holding companies

Finance > Bank lending: investment grade debt and syndicated loans Tier 4

Led by Michael Kazakevich, Ropes & Gray LLP‘s eight-partner finance team provides a versatile offering to borrowers and lenders utilising a range of finance products throughout the capital structure, including unitranche facilities, TLB large-cap loans and New York law-governed high yield bonds. The team continues to receive a considerable volume of work from Liberty Global and Altice – two of the biggest issuers of bonds and loans in the European market. The ‘highly intelligent’ Jane Rogers and Alex Robb are key members of the team, both of whom ‘thoroughly understand their products/markets and are able to advise on complex, cross-border financing structures’. 

Practice head(s):

Michael Kazakevich

Other key lawyers:

Alex Robb; Alexandru Mocanu; Ana Biloglav; Jane Rogers

Testimonials

The solutions-focused Alex Robb is technically excellent and commercially astute.’

‘Jane Rogers and Alex Robb are highly intelligent and thoroughly understand their products/markets and are able to advise on complex, cross-border financing structures.’ 

Key clients

Virgin Media O2

Liberty Global

New Altice Europe B.V. (formerly Altice Europe N.V.)

Baring PE Asia

Bain Capital Credit

Vision Healthcare Group (Avista Capital Partners)

GHO Capital Partners

Permira Credit

Skandinaviska Enskilda Banken

Finance > Derivatives and structured products Tier 4

Ropes & Gray‘s London derivatives and structured products team has a strong reputation among asset managers, alternative credit providers, hedge fund managers and private equity firms, for which it handles complex derivative and structured financing transactions. The firm is also regarded as a key adviser to asset managers on regulatory matters. Its regulatory work is frequently cross-border in nature, drawing on the firm’s technical expertise in areas such as UCITS eligible assets rules, and risk retention. The practice, led by Anna Lawry, frequently advises the implementation of initial margin requirements for OTC derivatives, LIBOR replacement in the derivatives and structured products markets, the settlement discipline regime under the Central Securities Depositaries Regulation and the changes to the EU resolution stay rules in the revised Bank Recovery and Resolution Directive. ‘Its strength is in its commitment to providing timely, practical, business-friendly advice that reflects a knowledge of current market practice‘, remarks a client.

Practice head(s):

Anna Lawry

Testimonials

‘Anna Lawry is an incredibly dedicated, detailed and technically impressive lawyer as well as being a genuinely lovely person to work with. Anna has navigated technically challenging transactions with some challenging counterparties and has done so in a clam and diplomatic manner.’

‘Their strength is in their commitment to providing timely, practical, business-friendly advice that reflects a knowledge of current market practice and the bigger picture as far as overarching risk.’

Key clients

Western Asset Management

Grantham, Mayo van Otterloo

Altice

Blackstone

Trinseo

Industry focus > Life sciences and healthcare Tier 4

Ropes & Gray continues to benefit from the 2021 recruitment of practice head Lincoln Tsang, who adds considerable regulatory expertise to the firm’s global team and leads the European life sciences practice. The group is active in advising pharmaceutical and medical device companies on regulatory compliance and market access issues regarding UK, EU and cross-border work. Other key areas of expertise include advising on research and development strategies, product acquisitions, risk management work and investigations.

Practice head(s):

Lincoln Tsang

Testimonials

‘Lincoln Tsang has been my company’s European consultant for many years and has helped us navigate the European landscape. This individual is very attentive and comes with great recommendations/strategy. He is always willing to help review documents and provide constructive comments to make sure we have made the strongest argument in our regulatory documents. We are a smaller company but Lincoln provides us with the same level of attention as would be seen if we were a larger organisation.’

‘Lincoln Tsang is an exceptionally experienced life sciences lawyer. He has a deep knowledge of his subject matter area and is able to provide thoughtful, timely and pragmatic advice. His availability and engagement, whether are small or large project is exceptional.’

‘Knowledgeable about life sciences practice in Europe. Great network of life science law firms globally. Team is highly responsive, and goes the extra mile to service clients.’

‘We work closely with Lincoln Tsang in the UK office. He is a trusted adviser to our company, and has become an integral part of the team as it relates to understanding and executing on our regulatory strategy in Europe. He is knowledgeable and a subject matter expert in the area of life sciences law in Europe, highly collaborative and a great partner to work with.’

Key clients

Orphalan (previously Gmp-Orphan)

Intrabio

Nasus Pharma

Merck KGaA

Horizon Therapeutics

Bain Capital

Neogenomics

bluebird

Ipsen Biopharmaceuticals

BioMarin

Spruce Biosciences

Gyroscope Biotherapeutics

Mirum Pharmaceuticals

Avista Capital Partners

Blackstone Group

Novavax

Pfizer

PTC Therapeutics

Takeda Pharmaceuticals International

Work highlights

  • Advised NeoGenomics, Inc. on its acquisition of Inivata Ltd, a global, commercial stage liquid biopsy platform company headquartered in Cambridge, UK.
  • Advised leading health care investors Avista Capital Partners and Nordic Capital and Swiss pharmaceutical company Acino on the sale of Acino to ADQ, one of the Middle East’s largest holding companies.
  • Advised Singapore’s sovereign wealth fund, GIC, on its acquisition of a 40% interest in The Oxford Science Park from Magdalen College, Oxford.

Risk advisory > Data protection, privacy and cybersecurity Tier 4

Working in close conjunction with that firm's US offices, Ropes & Gray LLP is geared to advise on cross-border compliance matters, data transfers, regulatory investigations and cybersecurity incidents. Leading the group is ' knowledgeable and personable' Rohan Massey, who is often retained by clients from the financial services, life sciences, retail, and food and beverage sectors. Massey is supported by senior associate Robert Lister, who often advises on a wide range of buy and sell-side data protection matters related to transactional deals.

Practice head(s):

Rohan Massey

Other key lawyers:

Robert Lister; Edward McNichals

Testimonials

‘Strong team delivering pragmatic, sensible and implementable advice.’

‘Rohan Massey is knowledgeable and personable.’

‘This team is led by star Rohan Massey, who is assisted by a number of excellent colleagues. What he does not know about data risk is unimaginable.’

‘Rohan Massey is excellent in his field and is always our go-to person for data risk queries.’

‘The team includes excellent practitioners and is diverse in terms of age, gender, etc. They are all very much focused on data protection, privacy, cybersecurity and have great knowledge of the market and of the law.’

‘I know I can count on both Rohan Massey, who has extensive experience and is very smart and reliable, and Edward McNichals, who is a great data privacy lawyer and is very smart and reliable.’

Key clients

GHO Capital Partners

Monster Energy US

Invesco

The Carlyle Group

Audley Travel Group

Sandbridge Acquisition

Pfizer

Bain Capital

Hologic

Ardian Group

LionTree

BDT Capital Partners

Sixth Street Partners

New Mountain Capital

AllianceBernstein

Pulsant

Work highlights

  • Assisted Carlyle in respect of its global data compliance programme, most recently advising on a complex technology restructuring to integrate certain businesses onto global platforms.
  • Advised New Mountain Capital on the acquisition of a cutting-edge advertising technology company.
  • Acted for AllianceBernstein on global data protection issues ranging from SEC expectations and GDPR issues to the new cybersecurity expectations in China.

Risk advisory > Regulatory investigations and corporate crime (advice to corporates) Tier 4

Crime, fraud and licensing > Fraud: white-collar crime (advice to individuals) Tier 5

Real estate > Property finance Tier 5

The real estate finance team at Ropes & Gray is led by David Seymour and Sam Norris and handles high-end transactions for a range of clients, especially portfolio financings and loan repurchase structures with international elements. Will Bryant was promoted to partner during the review period and Andrew Baker joined the team in August 2021 from Brown Rudnick LLP and has wide-ranging expertise, from development financings and infrastructure acquisition deals, to hotel and residential financings and real estate backed debt capital market structures.

Practice head(s):

Other key lawyers:

Testimonials

‘The team really understand that work starts with a deal and so where possible, not only do their provide good commercial advice through a deal, but they also help generate the deals, which is a rare find amongst the community of real estate finance lawyers.’

‘Andrew Baker and Samuel Norris are both exceptionally helpful lawyers who truly add value to a deal process.’

Key clients

Blackstone Mortgage Trust

Blackstone Real Estate Debt Strategies Fund

Partners Group

Cathexis Investment Management

Intermediate Capital Group

QuadReal

Bridgepoint Development Capital

Sixth Street

Bain Capital Credit

King Street Capital Management

Work highlights

  • Advised the London-based real estate team of Sixth Street, on the refinancing of its portfolio of 15 office buildings within a large office campus in the Western Corridor of Lisbon, Portugal.
  • Advised a family office client on an ongoing basis on the development and financing of a large hyperscale, build to suit data centres.
  • Advises a leading global asset management firm in respect of a series of multi-billion-dollar loan repurchase and securitisation structures across multiple jurisdictions.

Corporate and commercial > EU and competition Tier 6

The team at Ropes & Gray LLP  was recently strengthened by the arrival of Annie Herdman, a reputed antitrust lawyer who joined the team from Kirkland & Ellis International LLP in March 2022.

Corporate and commercial > Financial services: non-contentious/regulatory Tier 6

Ropes & Gray LLP has a mixture of regulatory, transactional and fund formation capabilities, representing a number of asset managers on their activities throughout the UK, US, Asia and Europe. Eve Ellis is especially well-versed in the ESG issues facing asset managers, while fellow practice co-head Anna Lawry is an expert in the regulation of derivatives, securities transactions and structured products.

Practice head(s):

Eve Ellis; Anna Lawry

Testimonials

‘The team deals with complex and sometimes novel financial services matters for significant clients. I have found them to be knowledgeable, and flexible and commercial in their approach. They look for realistic and workable solutions.’

‘I have enjoyed working closely with Eve Ellis over many years. She is highly knowledgeable. She is very prepared to discuss different aspects and analyses of an issue to reach realistic and workable solutions for her clients. I have also found Eve to be very approachable and pleasant.’

‘Eve Ellis at Ropes, in our opinion, is a truly exceptional regulatory lawyer. She is also extremely accessible, often responding to our requests 24/7 in order to meet our deadlines. Eve has a vast amount of experience and provides concise and highly effective advice. She is most definitely our number one go to for regulatory advice above all other counsel. Eve is a real pleasure to work with.’

Key clients

Trinseo

Western Asset Management

United States > Labor and employment > Workplace and employment counseling

Ropes & Gray LLP‘s workplace and employment counseling group is entrusted by clients with sensitive matters, from cross-border investigations to pay equity audits. The practice also focuses on the labour aspects of major corporate transactions and executive employment matters. Key practitioners include Megan Bisk and Jennifer Cormier in Boston, who have worked extensively with clients in the financial services, healthcare and technology sectors.

Practice head(s):

Meg Bisk

Other key lawyers:

Key clients

TPG Capital LP No

American Industrial Partners No

GHO Capital No

The TJX Companies Inc. No

Advent International Corporation No

Qorvo Inc. No

Bain Capital LP

Partners Group Administration Services AG

Avista Capital Partners LP

Silver Lake Partners

Harvard Pilgrim Health Care

University of Southern California

Work highlights

  • Advised Harvard Pilgrim Health Care on employment aspects of its $8bn combination with Health Plan Holdings.
  • Represented Baring Private Equity Asia (BPEA) on cross-border employment matters in connection with its $1.07bn sale of the surgical business of Lumenis to Boston Scientific.
  • Advised Brandeis University on the negotiation of its highly publicized university president’s contract.

India > Foreign firms

Ropes & Gray LLP is home to global counsel based in the USA, the UK and Asia with expertise in an array of practice areas including corporate/M&A, private equity, competition, disputes, white collar defence, and compliance. It has a focus on private equity, healthcare, life sciences and real estate. It has a substantial team based in Hong Kong, one of whom is Daniel Anderson, who advises investment funds on debt and equity investments in public and private companies, principally in distressed situations. Andrew Dale focuses on litigation, and Geoffrey Atkins is known for his work on India-related civil and criminal anti-corruption and securities enforcement matters before the SEC, and other state and foreign regulators, and regulatory matters. Ruchit Patel in London brings the antitrust capabilities, advising clients on India and Asia-related compliance and investigations, in addition to his expertise dealing with the European Commission, and UK regulators.

Practice head(s):

Daniel Anderson; Andrew Dale; Ruchit Patel

Other key lawyers:

Key clients

Baring Private Equity Asia

Cancer Treatment Services International

CDC Group

PG Impact Investments

TPG Growth

Lenders to Jindal Steel & Power Australia

Novavax

Google

Work highlights

  • Representing the placement agents in a private investment in public equity (PIPE) for India’s ReNew Power, India’s leading renewable energy company.
  • Represented Novavax, the leading US-based biotechnology company on its US$167 million acquisition of Praha Vaccines, a vaccine manufacturing facility located in the Czech Republic, from an investment company of the Poonawalla Family (India).
  • Represented KKR, the leading US-based global investment company in connection with the financing for its acquisition of a controlling stake in J.B. Chemicals & Pharmaceuticals, a leading Indian public company in the pharmaceutical business, exporting its branded formulations to more than 40 countries around the world.

Ropes & Gray is a preeminent global law firm with approximately 1,400 lawyers and legal professionals serving clients in major centers of business, finance, technology and government.

It is London’s leading international law firm for private capital clients. It also advises some of the world’s largest companies on their most challenging issues. The firm acts for sophisticated private capital investors and providers giving them all the legal services they need: from fundraising to transactional deal-making and financing, and from antitrust to compliance, data protection, restructuring, real estate, financial regulation and tax. It acts for leading European, US and Asian clients on deals across the EMEA market and globally.

Private equity: Ropes &Gray is at the forefront of the European private equity market, advising a broad roster of leading sponsors and their portfolio companies who retain the firm for its deep understanding of their legal needs and the ability to synergise with market conditions. It routinely advises leading large and middle-market and clients in multiple industries on every aspect of their largest and most complex global transactions.

Finance and high-yield: The firm is one of a select group of firms with on-the-ground London capability to execute high-yield bond offerings and term loan facilities under both English and New York law. This provides clients with cross-border and cross-product expertise with the flexibility and responsiveness of being in the same time zone. Coupled with its international capabilities, the firm is able to advise on all forms of leveraged finance transactions across the capital structure and jurisdictions, providing seamless
coverage across products and time zones.

Business restructuring / Capital solutions & special situations: The firm helps clients find solutions in event-driven, stressed and distressed situations, and complex and dislocation opportunities. These solutions include bespoke capital solutions and structures, distressed M&A, restructuring advice, leveraged and direct lending, convertible debt, hybrid debt/equity instruments, and equity upside structures.

Private equity real estate: The firm is an investor-led platform advising on significant UK and European real estate investment transactions. Working across the risk spectrum, it advises its investor clients on structuring and executing joint ventures, direct and indirect sales and purchases, minority and majority equity investments and co-investments, real estate M&A, distressed transactions and restructurings, sales and leasebacks, development projects and all related financings. It has a deep understanding of real estate as an asset class, encompassing transactions from traditional asset deals to complex corporate and finance arrangements, and tax efficient structures.

Life Sciences: The firm’s European team is an integral part of Ropes & Gray’s preeminent global life sciences practice, and provides seamless regulatory compliance and commercial strategic advice to pharmaceutical and medical device companies. It offers clients, including private equity houses and
their portfolio companies, advice on UK, EU and cross-border regulatory issues in this space. The team is uniquely part of a global one-stop-shop offering compliance and enforcement, including litigation, internal investigations and public policy matters.

Funds: The firm advises a global client base of asset management firms, including fund sponsors, investors and investment advisers, on all aspects of their business. Its experience across the spectrum of private and registered fund structures and vehicles, investment strategies, asset types and industries allows it to identify commercial, regulatory and economic issues, understand emerging trends and craft innovative solutions that are unique to the concerns of clients throughout the industry and around the world.

Financial crime, global investigations and risk: The firm advises clients who are facing the myriad challenges of regulatory investigations and enforcement, and have been involved in some of the most high-profile and complex cross-border regulatory investigations of recent years. It focuses on both proactive resolutions and reactive investigations with authorities including the SFO, FCA and PRA, as well as overseas authorities, including the US DOJ and SEC. It also provides a comprehensive suite of risk assessment and advisory services which enables clients in the financial sector to identify, monitor, and mitigate or eliminate regulatory risk.

Competition/antitrust: The firm advises sophisticated clients on a wide range of issues, including merger control matters, complex multi-jurisdictional cartel or abuse of dominance investigations and follow-on damages actions.

Privacy, data protection and cybersecurity: The firm helps clients manage the full array of issues that arise from the collection, use, storage, commoditisation, disclosure, transfer and disposal of data, including
privacy and cybersecurity compliance and counseling, corporate and transactional support, and regulatory investigations and litigation.

Tax: The firm advises multinational business enterprises, financial institutions and investors on the international and domestic tax aspects of private investment funds, private equity transactions, M&A, financings, business restructurings and JVs. It also advises on cross-border investment structures, the international tax aspects of financial products, ongoing tax planning for multinational business entities and individuals, transfer pricing and cross-border tax controversies.

Contacts
Private equity:
Will Rosen

Finance and high yield: Michael Kazakevich

Business restructuring: Matthew Czyzyk

Capital Solutions & Special situations: Samuel Norris,

Private equity real estate: David Seymour

Life sciences: Lincoln Tsang

Funds: Tom Alabaster

Financial regulation: Eve Ellis

Financial crime, global investigations and risk: Amanda Raad

Competition/antitrust: Ruchit Patel

Privacy, data protection and cybersecurity: Rohan Massey

Tax: Brenda Coleman

DepartmentNameEmailTelephone
Managing Partner Will Rosenwill.rosen@ropesgray.com
Private Equity Will Rosenwill.rosen@ropesgray.com
Finance and High-Yield Michael Kazakevichmichael.kazakevich@ropesgray.com
Business Restructuring Matthew Czyzykmatthew.czyzyk@ropesgray.com
Capital Solutions & Special Situations Samuel Norrissamuel.norris@ropesgray.com
Private Equity Real Estate David Seymourdavid.seymour@ropesgray.com
Life sciences Lincoln Tsanglincoln.tsang@ropesgray.com
Funds Tom Alabastertom.alabaster@ropesgray.com
Financial Regulation Eve Elliseve.ellis@ropesgray.com
Financial Crime, Global Investigations & Risk Amanda Raadamanda.raad@ropesgray.com
Competition/antitrust Ruchit Patelruchit.patel@ropesgray.com
Privacy, Data Protection and Cybersecurity Rohan Masseyrohan.massey@ropesgray.com
Tax Brenda Colemanbrenda.coleman@ropesgray.com
Number of UK partners : 30
Number of other UK fee-earners : 145