Sidley Austin LLP > London, England > Firm Profile

Sidley Austin LLP
70 St Mary Axe
London
EC3A 8BE
England

Finance > Debt capital markets Tier 2

Sidley Austin LLP is viewed by one client as 'the standout UK debt capital markets practice — seamlessly integrating US and UK issues'. Another remarks that the firm is 'exceptional in terms of understanding the client's needs'. The European capital markets group is best known for its work with US and Asia-Pacific issuers accessing European markets, as well as European issuers accessing US markets. It handles a strong flow of investment grade debt issuance, as well as liability management deals and debt restructuring. David Howe, who 'has a keen eye for assessing legal risk, deep technical experience, market knowledge and the ability to come up with highly innovative solutions', leads the practice along with Mark Walsh, who leads the US law practice in London. Howe and counsel Benedetta Pacifico acted for joint bookrunners and joint lead managers, among them Citigroup Global Markets Singapore and Deutsche Bank, in the $850m issuance of green subordinated perpetual non-call 5-year securities by global investment manager GLP Pte, proceeds from which will refinance eligible green projects.

Practice head(s):

David Howe; Mark Walsh

Other key lawyers:

Testimonials

‘Team has excellent knowledge of the debt capital markets, they take the time to understand the client needs and provide in depth analysis.’

‘The Sidley team is exceptional in terms of understanding the client’s needs and providing the most appropriate and comprehensive solutions and support. David Howe and Benedetta Pacifico are associates we can trust and rely on.’

‘They are the standout UK debt capital markets practice — seamlessly integrating US and UK issues. They are extremely proactive, measured and thoughtful. They never over-lawyer, and always focus on the core commercial points to come up with sensible workable solutions.’

‘They wear their deep technical understanding and depth of market experience lightly so as to focus on solutions and be hugely user-friendly. They have always impressed us with their blend of market knowledge and ability to innovate and not be bound by convention.

‘David Howe is an outstanding lawyer. He makes the most complex issues understandable to clients, has a keen eye for assessing legal risk and combines a rare mix of deep technical experience, market knowledge and ability to come up with highly innovative and groundbreaking solutions.’

Key clients

Atento S.A.

Inspired Entertainment, Inc

Citigroup Global Markets Singapore Pte. Ltd.

DBS Bank Ltd.

Deutsche Bank AG

Singapore Branch, Goldman Sachs (Singapore) Pte.

Mizuho Securities Asia Limited

Morgan Stanley & Co. LLC

ABN AMRO Securities (USA) LLC

BofA Securities, Inc.

Citigroup Global Markets Inc.

Goldman Sachs & Co. LLC

RBC Capital Markets, LLC

Morgan Stanley & Co. LLC

J.P. Morgan Securities LLC

Standard Chartered Bank AG

Worley Group

Bank of Cyprus Holding Public Limited Company (Bank of Cyprus)

McDonald’s Corporation

Lucid Agency and Trustee Services Limited

Argo Blockchain plc

BNP Paribas

Mueller

Caterpillar

Atento S.A.

Inspired Entertainment, Inc.

Work highlights

  • Represented Australia-headquartered engineering consultancy Worley on the establishment of its US$2 billion Euro Medium Term Note Programme and its debut issue of a EUR 500 million five-year sustainability-linked bond (SLB).
  • Represented London-headquartered Argo Blockchain plc (LSE: ARB) (NASDAQ: ARBK), a global leader in cryptocurrency mining, with its SEC-registered public offering of 8.75% Senior Notes due 2026.
  • Represented ABN AMRO Securities (USA) LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Standard Chartered Bank AG, as initial purchasers, as to matters of U.S. law in connection with ABN AMRO Bank N.V.’s debut issue of U.S.$750 million aggregate principal amount of 1.542% Senior Non-Preferred Callable Fixed-to-Fixed Rate Reset Notes due 2027 issued pursuant to Rule 144A and Regulation S under the Securities Act of 1933.

Finance > Securitisation Tier 2

Sidley Austin LLP joins the ranking on the strength of its deep bench of structured finance experts, who are ‘very knowledgeable in the securitisation area and show tremendous subject matter expertise across structural and regulatory aspects‘. The firm is best known for its manager-side work on CLOs, though it is also highly skilled in the securitisation of auto loans, NPLs, CMBS and consumer assets. Head of global finance Rupert Wall is an acknowledged expert in securitisation, particularly CLOs. He acted for Permira Credit in several public CLO transactions, among them the €410m Providus V European CLO, which was the first CLO in which Jefferies acted as arranger and which involved a number of innovative features such as a senior facility utilising a repo and two SPVs. He also advised blockchain company Ivno on an innovative asset-backed blockchain structure involving the issuance of tokens on a closed blockchain. Clients remark that he is ‘able to deploy his extensive experience and deep technical skills to the most challenging transactions‘. Senior counsel Nick Brittain has extensive experience across all asset classes, and Emilie Stewart, who joined from Vinson & Elkins RLLP, brings experience in real estate private equity and NPL transactions.

Practice head(s):

Rupert Wall

Other key lawyers:

Testimonials

‘Rupert Wall is a standout individual. He is able to deploy his extensive experience and deep technical skills to the most challenging transactions. He is highly regarded in the market and incredibly solutions-focused.’

‘The lawyers at Sidley Austin are very knowledgeable in the securitisation area and show tremendous subject matter expertise across structural and regulatory aspects. They are available at all times to answer queries and provide good advice. There is always a friendly and committed atmosphere.’

‘Rupert Wall has very good industry knowledge of both European and US securitisation regulation. Inquiries are processed comprehensively, competently and very promptly. Rupert is my key contact; in general the team is very precise and assertive, even when negotiations become tough and difficult with CLO managers.’

‘Sidley’s key strengths are: Deep knowledge and expertise in the securitisation space (CLOs and fund financing). The team is detail-oriented and pushes hard to achieve the best position for the client. The team takes on a smaller number of deals but provides full focus on each deal, with the team working extremely hard to turn work around quickly and accurately.’

‘Rupert Wall (partner) – Rupert is extremely knowledgeable in both the subject matter (securitisation financing), as well as general legal topics. Throughout the transactions we worked on together, he was able to explain the issues clearly and logically, and guide us through the best options to find an optimal solution.’

‘Extremely diligent and innovative team at Sidley Austin under Rupert Wall. Strong competence in complex structured finance transactions. Rupert and team work drive deals forward and are key member to a deal team.’

‘I have personally worked with partner Rupert Wall for several years, including on multiple transactions over the past year. He is a standout individual in the market. Thorough, extremely experienced and knowledgeable as well as hands on and accessible.’

‘They are proactive, take time to understand the brief, confront significant technical challenges head on in a confident manner and stay resilient throughout until the deal completes. I think they relish and challenge and enjoy the intellectual journey.’

Key clients

Permira Credit

Lahi Tapiola

Spire Partners

Zenith

CVC Credit

Deutsche Bank

Polar Asset Management

Commerzbank

Ivno

Zurich Insurance

Work highlights

  • Advising Finnish insurance company LahiTapiola on the first non-bank, public, STS Finnish Auto Securitisation to come to market.
  • Advised CVC Credit, the most frequent issuing CLO manager globally (including within Europe) in 2021, on c. EUR 2bn of European CLO issuance in the review period.
  • Advised Ivno, a DLT/Blockchain firm,  on the structuring of a wholly innovative asset-backed blockchain structure involving the issuance of tokens on a closed blockchain, with the tokens backed by money-market-funds.

Industry focus > Life sciences and healthcare Tier 2

With ‘unrivalled insight’ and ‘a strategic approach’, Sidley Austin LLP’s full-service life sciences practice covers the full spectrum of matters including regulatory, IP, licensing, competition, commercial and corporate mandates and leverages the firm’s network to excel at a global level. The group has recently seen notable expansion with the recruitment of the ‘tremendousRobert Darwin from Dechert LLP, adding to the team’s transactional capabilities; it is also increasingly recognised in the market for its digital health and medtech expertise, advising on matters involving AI, digital therapeutics and wearable technology. Practice head Maria Isabel Manley is praised as ‘quite simply peerless in her field’, focusing on regulatory and competition issues; she works closely with senior managing associate Chris Boyle, who is singled out as ‘an absolute superstar’.

Practice head(s):

Maria Isabel Manley

Other key lawyers:

Testimonials

‘In-depth knowledge of the life sciences sector as well as understanding latest market precedents for licencing and M&A situations.’

‘This is a great team. They really know the life sciences sector inside out, in addition to being great and flexible lawyers and litigators. I have worked with them on quite gruelling projects and the team at Sidley methodically pulled the task apart and found all the right points. They are first rate.’

‘Marie Manley leads the team. She is very hands on and a real fighter for her clients’ interests. She has extremely in-depth knowledge of the life sciences sector from a regulatory and patent perspective, as well as being right at the cutting edge of competition law in this area. Chris Boyle is an absolute superstar as a Senior Managing Associate. He is tremendously clever, prodigiously hard working and would be at the top of my list of people to have on any team. He also has a strong scientific background in life sciences, which is invaluable.’

‘Robert Darwin has been tremendous from a capability standpoint, working in teams, finding a solution so that the client’s interests are met and at the same time finding a solution that could make a win-win situation for everyone involved. For me he is the face of Sidley.’

‘Marie Manley is an outstanding lawyer from a technical perspective but what makes her different is the personality that she brings to her interactions with me as an in-house lawyer and my business colleagues.’

‘Unrivalled insight into the pharmaceutical and medical device regulatory framework in the EU.’

‘Marie Manley is quite simply peerless in her field. A great strategist with a deep knowledge of regulatory matters and a joy to work with. Chris Boyle is a qualified veterinarian and life-sciences lawyer who uses his scientific background to great effect when advising his clients. Great practical advice.’

‘In all the legal negotiations for in-licensing agreements with counterparties we have participated in, Robert Darwin has consistently been a strong negotiator with an inimitable and sensitive style. He is also aware of the concerns and balancing needs of multiple counterparties in a complex, structured deal.’

Key clients

Servier

F. Hoffman-LaRoche

Immunocore

Huma Therapeutics

KKR

Medline International

Judges Scientific Plc

Juniper Life Sciences

BeiGene

The Sylvan Group

Welsh Carson Anderson & Stowe / Managed Markets Insight & Technology, LLC

Arsenal Capital Partners and Cello Health Limited

Work highlights

  • Representing Servier in three cases before the English High Court and the Supreme Court concerning parallel proceedings brought by the health authorities in England, Wales, Scotland, and Northern Ireland seeking damages for an alleged breach of competition rules in relation to Servier’s drug Perindopril.
  • Assisted Immunocore Ltd in obtaining a valuable EU orphan designation for its novel therapy, despite the fact that the regulator, the European Medicine Agency’s Committee of COMP, had refused orphan designation on two prior occasions.
  • Advised Juniper Biologics on a complex licensing and collaboration agreement with Kolon Life Sciences (Korea) in relation to TissueGene-C, a cell therapy for osteoarthritis of the knee.

Investment fund formation and management > Hedge funds Tier 2

At Sidley Austin LLP, the hedge funds practice is integrated into the firm’s global offering, with the London office housing the European practice group, often working alongside colleagues in the US and Asia. The team is experienced in a range of fund strategies, including credit, fixed-income, managed futures, event-driven equity, and an increasingly active focus on cryptocurrency-related funds. Investment funds practice head James Oussedik takes the lead, with a specialism in fund formation and a focus on credit funds, although he is also active across a number of traditional hedge fund strategies. Stephen Ross is the name to note for asset management instructions, with a practice that emphasises hedge funds in the biotech, healthcare and protein sectors. Leonard Ng stands out for his regulatory expertise, particularly in relation to ESG and crypto assets.

Practice head(s):

James Oussedik

Other key lawyers:

Stephen Ross; Leonard Ng; Peter Chapman

Testimonials

‘Breadth and depth of the team. Accessibility to the partners of the firm. I have known many partners in the firm for over a number of years and the service is without question exemplary. Billing is transparent.’

‘Strong Fund practice both in Europe and the US. Have helped on a number of areas especially Regulation and M&A.’

‘Stephen Ross has incredible knowledge of the alternative investment management industry and although his main practice is fund formation and LPs investments. He has been an extremely good sounding board through the grow of our investment management business.’

Key clients

Maniyar Capital Advisors Limited

Amia Capital

Capstone Advisers

Generation Investment Management

Lodbrok Capital

Man Group plc

Serone Capital

Valence8

Work highlights

  • Advised Maniyar with respect to the launch of a dedicated fund of one for a major institutional investor, including co-investment arrangements.
  • Providing Serone with strategic legal advice across its fund business and support in relation to launch of new products and negotiations with investors. Advised on the launch of a new multi-strategy credit fund, a two-legged hedge fund established in the Cayman Islands with Cayman and Delaware feeders, investing predominantly in securitized credits and corporate credit, primarily in European, UK and North American markets.
  • Advised Valence8 on the launch of its business and initial fund products, including two liquid strategy allocation funds. Also advised Valence8 both in connection with the structuring of its complex management group arrangements across three jurisdictions, including the negotiation of multiple GP-stake deals with cornerstone investors.

Corporate and commercial > Private equity: transactions - mid-market deals (up to £250m) Tier 3

Sidley Austin LLP continues to expand its private equity team in London, recruiting Paul Dunbar and Dan Graham from Vinson & Elkins RLLP in August 2021 as well as Robert Darwin from Dechert LLP in March 2022. The trio join a practice which is making a name for itself representing sponsors in acquisitions, investments and disposals across a range of sectors. The team is particularly active in advising US-based buyout houses, working alongside the firm’s offices in the US, and also handles a substantial volume of portfolio company M&A. Key contacts in the team include Eleanor Shanks, who ‘always delivers her deals on time and above expectations’, Fatema Orjela and Adam Runcorn.

Practice head(s):

Thomas M. Thesing

Testimonials

‘The Sidley private equity team is very strong technically, provides excellent pragmatic advice and has a core team dedicated to our relationship.’

‘Paul Dunbar is one of the team leaders, he has strong commercial judgement and provides clear pragmatic advice.’

‘They know what they are doing, they have an impressive roster of clients and they can execute just as well as the magic circle or the elite US firms. They just don’t shout about it.’

‘Eleanor Shanks is not only one of the best technical lawyers in the City but also the kind of lawyer you want captaining your ship in a storm. She knows exactly what she is doing, is graceful under (often) immense pressure and always delivers her deals on time and above expectations.’

‘Broad based team with good coverage of different industries.’

‘Paul Dunbar is a strong lawyer, provides good insights into market practice and solutions to difficult issues.’

Key clients

H.I.G. Capital

TowerBrook

Apollo

KKR

EQT

Great Hill Partners

Clearlake

Arsenal Capital

Partners Group

Welsh, Carson, Anderson & Stowe

Work highlights

  • Representing EQT Private Equity and PRO Unlimited in PRO Unlimited’s acquisition of outsourced workforce management provider Geometric Results, Inc from Bain Capital.
  • Represented affiliates of Welsh, Carson, Anderson & Stowe (WCAS) and its portfolio company Managed Market Insights & Technology (MMIT) in connection with MMIT’s US$1.6 billion merger with Evaluate. WCAS, and Evaluate’s equity partner, Hg Capital, share joint control of the combined business.
  • Represented funds managed by Apollo affiliates on their agreement to acquire Miller Homes Group Limited from Bridgepoint Group plc.

Finance > Derivatives and structured products Tier 3

Sidley Austin LLP has ‘very extensive fund financing capabilities and is a pioneer in this emerging area‘. The firm ‘takes time to understand the brief, confront significant technical challenges head on in a confident manner and stay resilient throughout until the deal completes‘. The firm rejoins the ranking due to the strength of its work on rapackagings, synthetic and regulatory transactions, structure notes, structured fund investments, derivatives transactions and repos. Lead partner Rupert Wall is ‘an excellent negotiator‘ and clients praise his ability to ‘deploy his extensive experience and deep technical skills to the most challenging transactions‘. Senior counsel Nick Brittain also plays a key role in the practice.

Practice head(s):

Rupert Wall

Other key lawyers:

Testimonials

‘Sidley’s key strengths are its Deep knowledge and expertise in the securitisation space (CLOs and fund financing) and the fact that its team is detail-oriented and pushes hard to achieve the best position for the client.’

‘Rupert Wall is extremely knowledgeable in both the subject matter, as well as general legal topics. Throughout the transactions we worked on together, he was able to explain the issues clearly and logically, and guide us through the best options to find an optimal solution.

‘Very extensive fund financing capabilities – pioneers in this emerging area. A solid team with good bench strength and confidence inspiring partners.

‘Rupert Wall is a standout individual. He is able to deploy his extensive experience and deep technical skills to the most challenging transactions. He is highly regarded in the market and incredibly solutions-focused.’

‘This is a proactive team who took a difficult brief and broke it down into a series of workstreams and manageable actions in order to deliver a market leading, highly innovative, significant sized, yet scalable platform including multi tranched financing across cross collateralised multi asset pools.’

‘They take time to understand the brief, confront significant technical challenges head on in a confident manner and stay resilient throughout until the deal completes. I think they relish and challenge and enjoy the intellectual journey.’

‘An extremely diligent and innovative team at Sidley Austin under Rupert Wall. Strong competence in complex structured finance transactions.  Rupert and team work drive deals forward and are key member to a deal team.’

‘I find that partners Rupert Wall has very good industry knowledge of both European and US securitisation regulation. Inquiries are processed comprehensively, competently and very promptly.’

Key clients

Polar Asset Management

Deutsche Bank

Commerzbank

HIG Capital

Work highlights

  • Advised Polar Asset Management on the structuring of 3 bespoke synthetic regulatory capital trades with Bank of Montreal.
  • Advised Deutsche Bank’s structured credit and repack desks on the structuring of multiple innovative UK long-dated, inflation linked, CRE triple net lease repacks.
  • Advised Commerzbank on a series of structured variable funded note issuances connected to a fund holding underlying loan exposures related to project finance loans.

Insurance > Insurance: corporate and regulatory Tier 3

Sidley Austin LLP advises on M&A for insurers, reinsurers, brokers, and private equity firms active in the insurance industry. The firm’s London branch is closely integrated with its US offices. Team lead Martin Membery has considerable experience dealing with insurance projects, joint ventures, M&A, distribution arrangements, regulatory matters and structuring insurance policies. James Phythian-Adams was promoted to partner in 2022, handling a variety of matters for (re)insurance companies, (re)insurance intermediaries, Lloyd’s managing agencies and syndicates, as well as investors in the insurance sector.

Practice head(s):

Martin Membery

Other key lawyers:

James Pythian-Adams

Testimonials

‘Outstanding regulatory team’

‘Martin Membery is an exceptional partner. Agile, proactive and commercial, his advice is highly valued across the market.

‘James Phythian-Adams is one of the brightest minds in the regulatory market. He is measured, dedicated and provides valued and pragmatic advice for his clients.’

‘The Sidley team in London is small, but is able to leverage the global multidisciplinary practice – and other teams in London – to bring greater weight than might first be apparent. What they lack in size they more than make up for in depth of knowledge and experience.’

‘Martin Membery continues to be our go to guy in the transactional space and often on regulatory matters too. He offers a deep understanding of the London market, coupled with a pragmatic approach to issues and an ability to deliver practical advice’

Key clients

Altamont Capital

Apollo

Arch

Aspen

Athene

GIC

Gallagher

Lloyd’s

Munich Re

USAA

Work highlights

  • Advised AJG on a $3.25 billion acquisition of the treaty brokerage operations of Willis Towers Watson.
  • Advised Aspen on a loss portfolio transfer (LPT) deal with Enstar valued at over $3 billion.
  • Advised on all non-US insurance regulatory aspects of Athene’s $29 billion merger with Apollo Global Management.

Investment fund formation and management > Private funds Tier 3

Sidley Austin LLP has ‘a wide breadth of experience’ in the private funds space, offering clients expertise in structured and distressed credit, private equity and special situations funds, as well as in more specialist areas such as litigation funding. The London team frequently acts alongside the firm’s offices in the US to advise clients and also draws on its tax, insurance and banking practices to handle complex mandates. James Oussedik leads the team and focuses on complex credit, while Mateja Maher is the key name to note in private equity. Stephen Ross is another name to note and has a varied practice, with his work in 2021 encompassing distressed credit, private equity, venture capital and special situation funds.

Practice head(s):

James Oussedik

Other key lawyers:

Mateja Maher; Stephen Ross; Adrian Grocock

Testimonials

‘Great hands-on and practical advice. The lawyers at Sidley take the time to understand your concerns and will provide you with practical advice.’

‘I find the lawyers very easy to work with and find them to be commercial in their advice.’

‘Our experience of working with the Sidley Austin investment funds team is positive. The Sidley team clearly has a wide breadth of experience in the sector, listens carefully and understands our business needs.’

‘The Sidley team provides us with advice in a clear and practical manner. They are hard working and a pleasure to deal with.’

‘James Oussedik and Adrian Grocock are commercial and very good to work with. They displayed deep investment funds knowledge and technical skills on a complex and unusual project.’

‘Adrian Grocock was very hard working, responsive and understood our needs.’

‘A growing, very commercially minded team acting on both LP and GP side. Knowledgeable and having an international outreach with a growing footprint in the industry.’

‘We work closely with Mateja Maher and he has been most knowledgeable on ongoing matters and structuring issues, yet has been outstanding in guiding us to a market entry in new jurisdictions, essentially scoping our needs and acting as essentially the project manager with the local Sidley Austin teams involved streamlining the process remarkably.’

Key clients

Alcentra

AllianceBernstein

Ashgrove Capital

B-Flexion

Forestay Capital

Lodbrok Capital

Moonfare

North Wall Capital

Queen’s Park Equity

RoundShield Partners

Synthesis Capital

Valence8

Work highlights

  • Retained by AllianceBernstein to advise on the creation of its European Commercial Real Estate Debt platform, from the ground up and including complex areas of regulation affecting both investors and fund structures.
  • Acted as lead counsel on Queen’s Park Equity’s debut, oversubscribed £200 million private equity fundraising.
  • Acted as lead counsel in advising Roundshield Partners in relation to the launch of Fund IV. This is a European Distressed Credit and Special Situations Fund.

Corporate and commercial > Corporate tax Tier 4

Sidley Austin LLP is particularly active in the private equity sphere, where the team has experience advising on major transactions with complex elements. ‘First class’ team lead Oliver Currall covers investment fund matters, acting for key clients such as Apollo Global Management. Jason Menzies is experienced in international tax planning matters and high-value M&A. Counsel Steve Quinn joined the department in July 2021 from Milbank, and brings knowledge of structured finance transactions.

Practice head(s):

Oliver Currall

Other key lawyers:

Testimonials

‘Oli Currall – always available, brings a very practical, commercial approach to tax issues.’

‘Oliver Currall is my preferred UK tax advisor. Technically strong, attentive, in touch with market, commercial.’

‘An exceptionally friendly and approachable team that always demonstrates a ‘no problem too small’ attitude and a desire to really foster a working relationship that benefits both parties. True partners.’

‘Oliver Currall is first class partner who combines deep technical knowledge with strong commercials to provide excellent, all round service. Jason Menzies is also an incredibly fierce negotiator that cuts to the crux to expedite and resolve complicated matters.’

‘Excellent technical knowledge and good understanding of US-UK cross border fund matters. Extremely user friendly and practical.’

‘Oliver Currall is an excellent adviser and has an in-depth technical knowledge understanding for fund investors and portfolio investments.’

Key clients

Athene Holding

Partners Group

Great Hill Partners

Kohlberg, Kravis & Roberts

Arthur J. Gallagher & Co.

Apollo Global Management

EQT Partners

China National Oil and Gas Exploration and Development Company Ltd.

Membership Collective Group (Soho House)

Work highlights

  • Advised funds managed by Apollo on their agreement to acquire Miller Homes Group Limited (Miller Homes) from private equity seller Bridgepoint Group plc.
  • Advised Partners Group, a leading global private markets firm, on expanding the shareholder base of International Schools Partnership (ISP), a leading international group of schools.
  • Represented Athene Holding (a major team client) in its merger with Apollo (another major team client), in an all-stock transaction.

Corporate and commercial > Financial services: non-contentious/regulatory Tier 4

Sidley Austin LLP is home to a comprehensive array of services, routinely acting on investment fund, payment services, fintech and UK/EU securitisation regulation in addition to anti-money laundering issues and financial sections compliance programmes. John Casanova, who previously spent time in the firm’s Washington DC office, has a track record in supporting clients through the establishment and operation of ventures in the UK, EU and Asia; he co-leads the team alongside Leonard Ng, an expert in ESG, sustainable finance, crypto-asset and Brexit-related regulation.

Practice head(s):

John Casanova; Leonard Ng

Other key lawyers:

Rachpal Thind; Max Savoie

Testimonials

‘They are good with UK financial regulatory advice, and have a broad enough network of offices to know many other relevant jurisdiction’s law allowing for “one-stop shopping” for advice. High quality firm.’

‘Rachpal Thind is amazing, getting all the facts to find ways to minimize regulatory burdens relating to our UK financial services investments. She also does a good job of “quarterbacking” regulatory counsel teams in different jurisdictions to get the investing client the right results.’

Key clients

Angelo Gordon

Generation Investment Management

Perpetual Limited (Australia)

Managed Funds Association

Citadel Group

Deutsche Bank (New York)

Parthenon Capital Partners

Crime, fraud and licensing > Fraud: white-collar crime (advice to individuals) Tier 4

Sidley Austin LLP represents high-profile individuals, including senior executives and high-net-worth individuals, facing sensitive and often heavily-publicised proceedings relating to allegations of fraud and other financial crime. The team regularly handles cross-border cases, including multijurisdictional investigations and criminal trials, utilising the firm’s international network and the experience of ‘brilliant‘ practice head Sara George, praised for her ‘straightforward, comprehensive‘ work in criminal defence cases.

Practice head(s):

Sara George

Other key lawyers:

Andrew Fox; David Smith

Testimonials

‘Sara George is truly the best lawyer I have every worked with. Her knowledge, network, forward thinking, commitment is truly exceptional.’

‘US firm with a UK focus and feel. Well resourced by litigators who trained and honed skills in this jurisdiction rather than parachuted in.’

‘Sarah George is an excellent practitioner. Quietly confident with a razor sharp mind. She is excellent with people whether clients or professionals.’

‘Sara George is technically brilliant. Superb with clients. Clear, straightforward, comprehensive. Unafraid of giving difficult advice where required. Fiercely defends her clients. She is the lawyer I would want.’

‘Sidley Austin team has both a very well balanced partners-associates team as well as a very skilled team at all levels of seniority.’

‘Andrew Fox and Sara George are not only great professionals, but also great persons to work with. They both have international experience which makes our matters easier to deal with and for me and our team address with them and their team various jurisdictional matters, from several jurisdictions we cover.’

‘David Smith is a great senior associate to be praised as well.’

Key clients

BeIn Media Group

Dispute resolution > Banking litigation: investment and retail Tier 4

Sidley Austin LLP ’s City practice is considered by one client as ‘a major player in banking litigation, in particular in the investment and derivatives space’. The team is led by Matthew Shankland, whose experience expands across banking and derivatives, structured finance, share sales and shareholder agreements. The team leverages its international reach to handle multi-jurisdictional cases.

Practice head(s):

Matthew Shankland

Other key lawyers:

Andrew Fox; Alastair Hopwood; Sarah Lainchbury

 

Testimonials

‘Sidley Austin LLP is now recognised as a major player in banking litigation, in particular in the investment and derivatives space. It brings excellent individuals and genuine expertise to this area.’

‘Matthew Shankland – very senior partner: he is hugely experienced in the whole field of financial and commercial disputes.’

‘Andrew Fox – stand-out partner, particularly in the field of international commercial arbitration.’

‘Sarah Lainchbury – she has a first-class work ethic and tremendous judgement, combined with a determination to get to the right answer in all disputes she handles.’

Key clients

Genworth Financial, Inc.

Darty Holdings SAS

Dispute resolution > Commercial litigation: premium Tier 4

'Tough and strategic' Matthew Shankland acts as both London lead and global co-head of Sidley Austin LLP's commercial litigation and disputes practice.  Under his leadership the team is well placed to expertly handle both domestic and international matters. The firm runs the gamut of cases, from contentious issues regarding international sale and purchase agreements, to government interventions in financial markets, to company directors' duties and shareholder rights. Andrew Fox, Alastair Hopwood and senior associate Sarah Lainchbury complete the roster of core practitioners.

Practice head(s):

Matthew Shankland

Testimonials

‘Sidley Austin is a major player in the commercial litigation space in London.’

‘Matthew Shankland – hugely experienced’

‘Andrew Fox is a stand-out partner in the commercial litigation and arbitration space.’

‘Sarah Lainchbury is an excellent all-rounder: very hard-working and tremendous judgement in commercial disputes.’

‘Perhaps one of the most highly focused client service groups I have worked with. They go out of their way to anticipate my needs and make my life easier. As good as they come in this regard, as well as being very diligent, smart, and highly responsive.’

‘Matthew Shankland is tough and strategic, and brings a no-nonsense sensibility to the team. Sarah Lainchbury is very responsive and thorough, and is excellent at keeping the train on the tracks and on schedule. Alastair Hopwood is very thoughtful and pays close attention to detail.’

Key clients

Brightline Holdings LLC

Genworth Financial

Darty Holdings SAS

Finance > Corporate restructuring & insolvency Tier 4

Under the very effective stewardship of ‘dynamic duo’ Jifree Cader and Mark Knight, Sidley Austin LLP‘s ‘young and energetic‘ team has ‘excellent knowledge of the market’ and is ‘picking up challenging work across a number of jurisdictions’. No better is this illustrated than by the team’s work, alongside the Hong Kong office, on numerous high-profile offshore bond restructuring mandates for debtors in the Chinese real estate sector. Most notable of these matters is the firm’s ongoing work for China Evergrande Group on the highly complicated potential restructuring of its offshore debt.

Practice head(s):

Jifree Cader; Mark Knight

Other key lawyers:

Dhevine Chandrapala; Raveena Ubhi

Testimonials

‘A relatively young and energetic team that is always practical and available.’

They have a strong team that is picking up challenging work across a number of jurisdictions.’

‘They are particularly notable for the offshore bond restructuring work they are undertaking in the Chinese real estate sector.’

Recognised as the leading company side restructuring team for the China real estate sector. Seamless cross border cooperation between the Hong Kong and London offices on schemes of arrangements.’

‘Jifree Cader and Mark Knight jointly lead the team – a dynamic duo.’

Mark Knight’s in-house experience prior to joining Sidley Austin makes him an ideal hybrid, he blends legal know-how and experience with an experienced, commercial understanding of his client’s needs.’

Jifree Cader is calm, commercial and always pushing for innovative ways to solve problems.’

Key clients

Global Loan Agency Services Limited (GLAS)

Hilong Holding

Shandong Sanxing

Inspired Entertainment Inc (Inspired)

Travelex Topco Limited

RiseSun Real Estate Development Co., Limited

China Evergrande Group

Fantasia Holdings Group

Modern Land (China) Co. Limited

Work highlights

  • Acting for China Evergrande Group on the highly complicated potential restructuring of its offshore debt.
  • Following the restructuring of Galapagos in 2019, the firm has been acting for the Security Agent in relation to various proceedings in multiple jurisdictions brought by certain junior creditors and insolvency office holders of the old Galapagos group.
  • Represented PRC-based real estate developer RiseSun Real Estate Development Co., Limited on the restructuring of the group’s offshore US dollar-denominated notes.

Real estate > Commercial property: investment Tier 4

US firm Sidley Austin LLP continues to consolidate its position in the London real estate market; handling big-ticket deals covering a wide range of real estate assets, including hotels, logistics, retail and leisure, alternative residential and offices, among others. Practice co-leader Lyndsey Laverack has considerable experience in forward purchase and funding transactions, as well as acting for private equity funds on their investments into real estate assets, while team co-leader Jade Williams-Adedeji handles sales and acquisitions, landlord and tenant matters and portfolio management. Emilie Stewart, who ‘takes no prisoners in negotiations’, and Paul Dunbar joined the team from Vinson & Elkins LLP in August 2021.

Practice head(s):

Lyndsey Laverack; Jade Williams-Adedeji

Other key lawyers:

Testimonials

‘Market-leading real estate investment team. Excellent technical skills and commitment.’

‘Emilie Stewart is a key partner for us, very committed and lots of energy to ensure the deal gets done efficiently. She takes no prisoners in negotiations.’

Key clients

Kohlberg Kravis Roberts & Co.

Apollo

HIG Realty

Northwood Advisors

Work highlights

  • Represented funds managed by Apollo affiliates on their agreement to acquire Miller Homes Group Limited from Bridgepoint Group plc.
  • Advised Kohlberg, Kravis & Roberts on a new joint venture with Fokus Asset Management in connection with their acquisition of a residential real estate portfolio consisting of more than 300 residential units across nine properties located in Central and Greater Copenhagen.
  • Advised Northwood Investors on its sale of 20 Gracechurch Street, London.

Risk advisory > Data protection, privacy and cybersecurity Tier 4

With a strong focus on the life sciences and financial services industries, Sidley Austin LLP often acts for a wide range of financial institutions, fintech and pharmaceutical companies, and insurance firms on GDPR-related matters and international data transfers. Leading the practice is William Long, whose expertise spans regulatory matters, e-commerce issues, and information security. John Casanova is a key name for investigations and commercial transactions. Also noted are senior managing associate Francesca Blythe, who is ‘very responsive, pragmatic and clear in her advice’, and managing associate Eleanor Dodding, who is well versed in GDPR matters.

Practice head(s):

William Long

Other key lawyers:

Testimonials

‘The practice is distinguished by its leadership, namely William Long, who is an expert in the field but also a pragmatic thinker and commercially oriented.’

‘I particularly appreciate William’s no-fuss demeanor, and quiet, efficient execution of every task. Without any fanfare, the work is undertaken, timely delivered, and always reflective of an application of the law within the context of commercial realities.’

‘The team is knowledgeable and very responsive. They are flexible and deliver quality services.’

‘William Long, Francesca Blythe, Lauren Cuyvers, and Eleanor Dodding are an absolute pleasure to work with. While this is not important to everyone seeking legal advice, particularly in today’s fast-paced digital economy, I would much rather have a conversation with counsel who takes the time to be personable, is always polite, and has a sense of humor than one who is merely competent.’

‘The team is great at answering questions practically and pragmatically.’

‘I have worked with Francesca Blythe, who is very responsive, pragmatic and clear in her advice.’

Key clients

Mallinckrodt

Accelerant

Jazz Pharmaceuticals

EnterpriseDB

Nektar Pharmaceuticals

Magnetar Capital

Dicerna Pharmaceuticals

IO Biotech ApS

Monument Group

Work highlights

  • Advised Mallinckrodt, an international pharmaceutical company, on the development and implementation of a global privacy programme.
  • Assisted Accelerant, a fast growing international insurance company, with a range of data protection and GDPR-related matters, including the review of data processing provisions in contracts with vendors and data transfer requirements following the Schrems II case.
  • Acted for Jazz Pharmaceuticals on EU data privacy and the GDPR matters, including issues in the context of direct marketing and international transfers.

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

The ‘impressiveSara George heads up the team at Sidley Austin LLP, acting for a number of major global businesses in regulatory investigations into fraud, bribery, corruption, market manipulation, and other financial crime issues. The team is also able to handle internal compliance audits relating to money laundering and sanctions violations, and collaborates closely with cross-border teams, particularly in the United States, in handling major multi-jurisdictional proceedings, up to and including multi-party criminal trials brought by the SFO, US DOJ, and other agencies.

Practice head(s):

Sara George

Testimonials

‘Sara George is a particularly impressive partner, who inspires confidence in her team and her clients.’

‘Good team highly regarded.’

 

Key clients

BeIn Media Group

Work highlights

    Corporate and commercial > Financial services: contentious Tier 5

    Sidley Austin LLP, a US-headquartered outfit, covers a broad variety of regulatory, enforcement and litigation affairs, frequently acting on matters with a cross-border element. Sara George serves as practice head, calling upon her experience in market abuse, insider dealing, money laundering and cybersecurity mandates, including those before the FCA, CFTC, DOJ and SFO.

    Practice head(s):

    Sara George

    Testimonials

    ‘An open firm with innovative solutions to complex problems staffed by people who actually care about the result for their client.’

    ‘Sara George had been phenomenal achieving results where none appeared possible, her commitment to her clients, strategy and approach to litigation is second to none.’

    ‘Sara George is truly exceptional. Her management, forward thinking, networking capabilities are truly amazing.’

    ‘Strong UK regulatory and market knowledge. Able to provide a nuanced opinion and strategic advice.’

    ‘Sara George is fearless, very strategic, clear and knowledgeable. Great to have on your side in any contentious, regulatory matters.’

    Corporate and commercial > M&A: upper mid-market and premium deals, £500m+ Tier 5

    Sidley Austin LLP‘s ‘winning combination of technical expertise and deep knowledge of the market‘ makes the firm a strong choice for a diverse roster of corporates, ranging from pharmaceutical companies and consumer goods conglomerates to asset managers. Practice chair Thomas Thesing‘s recent highlights include multi-jurisdictional acquisitions for leading food companies and e-commerce platforms, while Lyndsey Laverack anchors the team’s real estate investment-focused offering – helming high-profile deals for a mix of leading industry players. James Wood focuses on cross-border deals in the life sciences, telecom, and technology sectors, and is particularly well-versed in matters with a strong Asian dimension. Senior associate Ed Perry is also recommended. Life sciences specialist Robert Darwin joined the team from Dechert LLP in March 2022.

    Practice head(s):

    Thomas Thesing

    Testimonials

    ‘Sidley’s M&A team offers a winning combination of technical expertise and deep knowledge of the market, strong negotiation skills and client focused approach and responsiveness. They are excellent at understanding and tackling complex transactions in an efficient and effective way, delivering outstanding results for the client.’

    ‘On a complex multi-jurisdictional deal, Sidley delivered work of a consistently high standard, which in addition to UK and US advice involved collating and interpreting advice from local counsel across the globe, to deliver against extremely challenging timelines. Their insurance sector expertise is impressive, particularly within their regulatory team.’

    ‘All of the team work tirelessly to deliver consistently high service.’

    Key clients

    Hoffmann-La Roche Ltd

    Archer Daniels Midland Company

    MBE Worldwide S.p.A.

    Mavenir

    Huma Therapeutics

    Arthur J. Gallagher & Co.

    La-Z-Boy

    Colliers International Group

    Work highlights

    • Advised Huma Therapeutics on its acquisition of iPLATO Healthcare.
    • Represented MBE WorldWide S.p.A. in its acquisition of PrestaShop S.A.
    • Represented Colliers on the acquisition of a 75% strategic investment in Basalt Infrastructure Partners LLP.

    Corporate and commercial > EU and competition Tier 6

    Sidley Austin LLP fields a 'very commercial, expert and creative' London team that regularly works on a sweep of multi-billion-dollar, cross-border deals, cartel investigations, and market studies. The 'excellent' Patrick Harrison is a dual-qualified (English and Belgian) advisor whose recent engagements include big-ticket transactions in broadcasting and payment services sectors. Also dual-qualified in English and Belgian law, Vincent Brophy possesses over two decades' experience handling merger control and investigations, while counsel Rosanna Connolly also advises clients on strategic transactions, including in cases taken before the CMA, the EC, and other national competition authorities.

    Practice head(s):

    Ken Daly

    Testimonials

    ‘The team has unparalleled knowledge of our industry and business. Highly regarded by both legal and business teams. Very commercial and provide expert competition law advice with creative solutions.’

    ‘Patrick Harrison is an excellent partner.’

    Key clients

    Mastercard

    Arthur J. Gallagher & Co.

    Magna International Inc.

    F. Hoffmann La Roche

    Ryanair

    MTS Systems Corporation

    Cubic Corporation

    Siris Capital

    Regal Beloit Corporation

    Macquarie Principal Finance

    Kohlberg Kravis Roberts & Co. Partners LLP

    Viterra BV

    Work highlights

    • Represented Arthur J. Gallagher in its acquisition of certain reinsurance, specialty, and retail brokerage operations of London-based WTW. Following the termination of the acquisition, subsequently represented AJG in its acquisition of WTW’s treaty reinsurance business.
    • Advised Mastercard in relation to the first investigation under the UK’s Competition Act 1998 (CA98) by the Payment Systems Regulator (PSR); advising Mastercard again in the PSR’s new investigation into scheme and interchange fees.
    • Advised Viterra BV on merger control and foreign direct investment filings, as well as on other antitrust-related aspects, in relation to its acquisition of a competitor’s grain and ongredients business.

    Finance > Acquisition finance Tier 6

    The ‘very responsive and super commercial’ team at Sidley Austin LLP is best-suited to advising private equity sponsors and credit funds on premium mid-market mandates requiring innovative thinking and bespoke structuring. This approach manifests itself on both the debtor and creditor front, including its work for lenders on special situations (including in a loan-to-own context). Bryan Robson and James Crooks co-head the team, which also benefits from the ability to coordinate on matters alongside its M&A and finance colleagues in the US.

    Practice head(s):

    Bryan Robson; James Crooks

    Other key lawyers:

    William Gwyn

    Testimonials

    The acquisition finance team has proven itself to be an extremely valued partner in our negotiation and risk assessment of all legal matters. The team brings innovation and diversity of thought in all discussions with lenders, being commercial and providing insightful guidance relative to market context.’

    ‘The team is very responsive and super commercial.’

    Bryan Robson is always excellent – very strong adviser, cuts straight to the key issues and helps navigate a deal smoothly from start to finish.’

    James Crook and William Gwyn have a wealth of experience financing solutions with increasing innovation into new areas; they are strong negotiators able to drive strong outcomes for their clients.’

    Key clients

    Cheyne Capital

    Great Hill Partners/BigChange Group Limited

    Jervois Global Limited

    Atento S.A.

    Arsenal Capital Management LP

    TowerBrook Capital Partners

    H.I.G. Capital

    Bain Capital

    King Street

    Work highlights

    • Advised Crayhill Capital Management on the $300m financing for unybrands.
    • Advised Jervois Global on the $150m inventory- and trade receivables-backed working capital financing of its newly acquired Finnish cobalt mining operations.
    • Advised BigChange Group Limited and Great Hill Partners on BigChange’s £25m term loan B and £5m revolving credit facility to fund its working capital requirements and strategic initiatives following the acquisition of the business by Great Hill Partners.

    Real estate > Property finance Tier 6

    Sidley Austin LLP‘s real estate finance team has ‘excellent technical skills‘ and Emilie Stewart is strong on cross-border transactions and is praised as ‘a highly skilled technical lawyer’.

    Other key lawyers:

    Testimonials

    ‘The team is fully committed to the transaction at stake and covers each possible legal angle. They are very devoted to the practice and fully available.’

    ‘Market leading property finance team.’

    ‘Excellent technical skills and commitment.’

    ‘Emilie Stewart is a highly skilled technical lawyer offering pragmatic solutions.’

    The firm: Sidley Austin LLP has built a reputation for successfully representing clients on complex transactional, regulatory and litigation matters. More than 150 years after the founding of the firm, Sidley today comprises a diverse group of more than 2,000 lawyers in 20 offices around the world.

    The strategic establishment of Sidley’s offices in the key commercial, financial, and regulatory centers of the world enables the firm to harness its knowledge to represent a broad range of clients across many industries including banking and financial services, insurance, life sciences, healthcare, energy, technology, and transportation.

    Chair of Executive Committee: Michael J. Schmidtberger
    Chair of the Management Committee: Yvette Ostolaza
    Number of partners worldwide: Over 650
    Number of lawyers worldwide: Over 2,000

    Offices: Beijing, Boston, Brussels, Century City, Chicago, Dallas, Geneva, Hong Kong, Houston, London, Los Angeles, Munich, New York, Palo Alto, San Francisco, Shanghai, Singapore, Sydney, Tokyo and Washington, DC

    PhotoNamePositionProfile
    Francesca Blythe photo Francesca BlytheSenior Managing Associate
    Chris Boyle photoDr Chris BoyleSenior Managing Associate
    Nick Brittain photo Nick BrittainSenior Counsel
    Jifree Cader photo Jifree CaderPartner
    John Casanova photo John CasanovaPartner
    Dhevine Chandrapala photo Dhevine ChandrapalaManaging Associate
    Peter Chapman photo Peter ChapmanSenior Managing Associate
    James Crooks photo James CrooksPartner
    Samantha Cumming photo Samantha CummingSenior Managing Associate
    Oliver Currall photo Oliver CurrallPartner
    Robert Darwin photo Robert DarwinPartner
    Gordon Davidson photo Gordon DavidsonPartner
    Eleanor Dodding photo Eleanor DoddingManaging Associate
    Paul Dunbar photo Paul DunbarPartner
    Andrew Fox photo Andrew FoxPartner
    Sara George photo Sara GeorgePartner
    Dan Graham photo Dan GrahamPartner
    Alastair Hopwood photo Alastair HopwoodPartner
    David Howe photo David HowePartner
    Mark Knight photo Mark KnightPartner
    Sarah Lainchbury photo Sarah LainchburySenior Managing Associate
    Lyndsey Laverack photo Lyndsey LaverackPartner
    William Long photo William LongPartner
    Mateja Maher photo Mateja MaherPartner
    Maria Isabel  Manley photo Maria Isabel ManleyPartner
    Martin Membery photo Martin MemberyPartner
    Jason Menzies photo Jason MenziesPartner
    Leonard Ng photo Leonard NgPartner
    Fatema Orjela photo Fatema OrjelaPartner
    James Oussedik photo James OussedikPartner
    Ed Perry photo Ed PerrySenior Managing Associate
    James Phythian-Adams photo James Phythian-AdamsPartner
    Steve Quinn photo Steve QuinnCounsel
    Bryan Robson photo Bryan RobsonPartner
    Vivian Root photo Vivian RootCounsel
    Stephen J.D. Ross photo Stephen J.D. RossPartner
    Adam Runcorn photo Adam RuncornPartner
    Matthew Shankland photo Matthew ShanklandPartner
    Eleanor Shanks photo Eleanor ShanksPartner
    David Smith photo David SmithManaging Associate
    Emilie Stewart photo Emilie StewartPartner
    Thomas M. Thesing photo Thomas M. ThesingPartner
    Rachpal K. Thind photo Rachpal K. ThindPartner
    Rupert Wall photo Rupert WallPartner
    Mark Walsh photo Mark WalshPartner
    Jade Williams-Adedeji photo Jade Williams-AdedejiPartner
    Nigel D.J. Wilson photo Nigel D.J. WilsonPartner
    James Wood photo James WoodPartner

    Chair of Executive Committee: Michael J. Schmidtberger

    Chair of Management Committee: Yvette Ostolaza

    London Managing Partner: Thomas Thesing

    Number of partners worldwide: Over 650

    Number of lawyers worldwide: Over 2,000

    THE FIRM Sidley Austin LLP has built a reputation for successfully representing clients on complex transactional, regulatory and litigation matters. More than 150 years after the founding of the firm, Sidley today comprises a diverse group of more than 2,000 lawyers in 20 offices around the world.

    Sidley’s office in London, its largest in Europe, was founded in 1974. The firm’s culture of teamwork and collaboration helps the London office to assist clients across a myriad of legal disciplines and to harness the talents of Sidley’s lawyers worldwide. With lawyers qualified to practice in both the UK and the U.S., the London office coordinates cross-border projects spanning Europe, the Middle East, Africa, Asia and the Americas. Sidley’s clients in London include the world’s leading financial institutions, funds, private equity sponsors, and multinational companies spanning a wide range of industries.

    PRINCIPAL AREAS OF WORK

    • Banking & Financial Services Regulatory
    • Capital Markets
    • Competition/Antitrust
    • Dispute Resolution
    • Finance
    • Insurance
    • Investment Funds
    • Life Sciences
    • M&A & Private Equity
    • Privacy & Cybersecurity
    • Restructuring
    • Tax

    Sidley and Sidley Austin refers to Sidley Austin LLP and affiliated partnerships as explained at www.sidley.com/disclaimer.