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 known for its ‘customer focus, tailor-made solutions and attention to client-specific needs and circumstances‘. The practice led by David Howe is adept in investment-grade deals for corporate and financial institution issuers, though it is increasingly active in non-investment grade for private equity sponsors, and debt restructurings. Todd Gilbert is the firm’s lynchpin for issuer-side US private placement transactions in Europe. Though predominantly active in high yield debt, Alan Grinceri handles a broad range of New York law, European and Asian debt offerings. Gilbert and Grinceri recently handled a $760m restructuring exercise for a global customer relationship management and business process outsourcing service provider. The ‘sharp-wittedOmar Shafi is a key adviser to some of the firm’s flagship corporate and bank clients. He worked with Howe to assist a global soft drinks company with English and New York law issues concerning the issuance of €700m in notes. Nigel D.J. Wilson retired in 2023. The team has been recently bolstered with the hiring of David Stewart from Latham & Watkins.

Practice head(s):

David Howe

Other key lawyers:

Testimonials

‘Todd Gilbert has provided exceptional service on a number of transactions. We actively recommend engaging the firm on USPP issuances.’

‘Customer focus, tailor-made solutions and attention to client-specific needs and circumstances. An all-round approach which is a result of the good understanding of the bank’s overall activities and operations’

‘Client-focused, very responsive to queries, providing tailor-made solutions. David Howe and Omar Shafi stand out for their exceptional approach in terms of quality of legal advice, personal care and support.’

‘Omar Shafi is our contact/connection to Sidley Austin. I have known him for many years and have always enjoyed working with him. Omar has excellent legal skills and an incredible attention to detail. He is pragmatic and very focused on finding solutions that work for all parties. Omar is sharp-witted and has a keen sense of humour. ’

‘I actively enjoy working with Sidley.’

‘David Howe has a huge wealth of experience and knowledge which has had identifiable impact on specific transactions. Happy to spend time educating clients in order to improve their knowledge and enable them to do their jobs more effectively. Trusted as an advisor and to act in client’s best interests.

‘Omar Shafi is an excellent solicitor who is pragmatic and delivers effective, nuanced solutions with a very high attention to detail. Trusted as an advisor and to act in client’s best interests.’

‘Commerciality, availability, strong technical / legal knowledge and a client focus.’

Key clients

Coca-Cola Europacific Partners plc

Bank of Cyprus Public Company Limited

McDonald’s Corporation

Atento S.A.

GSK plc

Caterpillar Financial Services Corporation

Worley Group

Deutsche Bank AG, London Branch

Wells Fargo Securities, LLC

Morgan Stanley International plc

UBS AG

Barclays Bank PLC

BNP Paribas

Carsales.com Limited

Ampol Limited

Aurizon Operations Limited

Aurizon Network Pty Limited

Tabcorp Holdings Limited

J.P. Morgan

Work highlights

  • Advised Coca-Cola Europacific Partners plc in connection with the issuance of €700 million 3.875% Notes due 2030 through its Dutch finance subsidiary BNI (Finance) B.V.
  • Advised the Bank of Cyprus group’s holding company, Bank of Cyprus Holdings Public Limited Company, in connection with its €220 million Fixed Rate Reset Perpetual Additional Tier 1 Capital Securities, and its concurrent cash tender offer to holders of the group’s outstanding additional tier 1 capital securities.
  • Advised Atento S.A. in its successful financial restructuring and capital raise.

Finance > Derivatives and structured products Tier 2

Sidley Austin LLP climbs the ranking this year and is best known for its expertise in structured products, notably repackagings, synthetic securitisations, and regulatory capital trades, as well as related contentious matters. It is also highly active in structured products involving direct lending loans, and commercial real estate assets. This work accompanies the work of its strong regulatory advisory practice, and a growing volume of work on derivatives for corporates and private equity clients. Structured products partner Rupert Wall is the standout practitioner, with recognised derivatives specialist and senior associate Netanya Clixby emerging as a real talent in the practice. Clixby’s work spans advice on ISDA master agreements, prime brokerage documentation, securities lending, and repurchase agreements for both buy-side and sell-side clients. Nick Brittain retired from the firm.

Practice head(s):

Rupert Wall

Other key lawyers:

Testimonials

‘Sidley has been assisting us with derivative documentation for many years now and has been very helpful to our organisation. They are well-versed in market standards in this niche area of the law; an area in which many law firms do not specialise. When the Sidley team feels strongly about making changes versus precedent documentation, they clearly and concisely explain the logic/law so that we can then communicate to our trading counterparties. This is helpful in reducing the timeline to onboard and put ISDAs in place. They are reliable in delivering in the timeframe requested with a full analysis and areas for potential changes, which is a value-add for us.’

Key clients

Bank of America

Deutsche Bank

Apollo

Macquarie Asset Management

ICG

Morgan Stanley IM

HIG Capital

Polar AM

BNPP

Zenith

Work highlights

  • Advised Bank of America Merrill Lynch International on an SMA structured financing involving Ares and the Singapore sovereign wealth fund GIC.
  • Advised Deutsche Bank as sole transaction and structuring counsel on a series of repack transactions over involving the issuance of structured notes repackaging long-dated inflation linked CRE leases (so called triple-net leases).
  • Advised Apollo and its European funds on the structuring and negotiation of a bespoke total return swap, which morphed into a securities purchase transaction involving a repackaging of payment flows from underlying securitised notes.

Finance > Securitisation Tier 2

Sidley Austin LLP has a deep bench of securitisation lawyers handling complex and innovative deals. The firm has a long pedigree in the market and continues to adapt to clients’ needs, currently focusing on bilateral securitisations across many asset classes, as well as maintaining an active CLO practice. Head of the global finance group Rupert Wall is a key adviser to some of the biggest CLO managers in the world, though he also acts for collateral managers, arrangers and investors. His pure securitisation work includes a €500m direct lending deal for a global investment bank. Emerging talent Emilie Stewart is highly active in real estate-backed and NPL transactions. In the junior ranks, Azeem Sulemanji is tipped for a bright future, having been heavily involved in CLOs, large auto securitisations and significant NPL deals. Nick Brittain retired from practice.

Practice head(s):

Rupert Wall

Other key lawyers:

Testimonials

‘I work with Rupert Wall regularly on cross-border securitisation matters. Rupert is an exceptionally talented individual in the securitisation space, which is generally full of talented and smart individuals. He has the ability to understand issues quickly and deal with them thoroughly. If securitisation were a country, Rupert would be the president.”Sidley have acted on various of our CLO transactions – a key difference we see is additional partner involvement and senior associate involvement compared to other market players.’

‘Rupert maintains involvement and is always aware of latest issues on any transaction, so always accessible to speak on the issue. He is also a great technical lawyer, and will always go to bat for points that are important to us.’

‘Azeem Sulemanji leads well, coordinates the junior team effectively and has wide experience on which to draw from in providing pragmatic advice.’

‘Sidley has been assisting us with derivative documentation for many years now and has been very helpful to our organisation. They are well-versed in market standards in this niche area of the law; an area in which many law firms do not specialise. When the Sidley team feels strongly about making changes versus precedent documentation, they clearly and concisely explain the logic/law so that we can then communicate to our trading counterparties. This is helpful in reducing the timeline to onboard and put ISDAs in place. They are reliable in delivering in the timeframe requested with a full analysis and areas for potential changes, which is a value-add for us.’

Key clients

Spire Partners

CVC Credit

Permira Credit

Polar Asset Management

Tresidor Asset Management

Barclays Bank PLC

Jaja Finance

MSIM

Zenith

LahiTapiola

Work highlights

  • Advised Apollo on a Cypriot NPL securitisation.
  • Advised CVC Credit as collateral manager counsel on around €800m in issuance of public European CLOs in the review period, including the €400m Cordatus 25-A and €396m Cordatus 27.
  • Advised Barclays Bank on three securitisation matters in the review period: the establishment of a new asset-backed commercial paper (ABCP) securitisation conduit; the establishment and amendment/upsizing of a securitisation of SME/direct lending loans managed by Apollo; and the establishment and amendment/upsizing of a securitisation of SME/direct lending loans managed by Barings.

Industry focus > Life sciences and healthcare Tier 2

Known for its ability to handle regulatory issues relating to orphan drugs, cell and gene therapy products, and digital health tools, Sidley Austin LLP is additionally active across areas including product liability, cybersecurity, M&A, and collaborations and licencing. Maria Isabel Manley leads the life sciences team for Sidley's office in London and frequently brings her knowledge of EU and UK regulatory and competition law to bear when representing clients before regulatory authorities. Robert Darwin is a key contact for global life sciences and healthcare corporations looking to do transactions. James Wood is well-placed to handle M&A work in the sector. Solicitor advocate Chris Boyle, and Zina Chatzidimitriadou, who excels in market access strategy matters, are further recommended.

Practice head(s):

Maria Isabel Manley

Other key lawyers:

Testimonials

‘Chris Boyle is a vet as well as lawyer, so he understands the animal health industry first hand and speaks our language! Chris has instigated an Animal Health Legal Forum, bringing together others in he industry, which is a great innovation.’

‘Marie Manley and Chris Boyle are both stand out lawyers. They are approachable, straight-talking and pragmatic. They are clearly both experts in their areas, and we trust and value their advice. ’

‘The team represeents the wide range of practices required to thrive in the Pharma industry.’

‘Besides knowing their in-house expertise and specialists, they are themselves very effective in rapid problem-solving. No fuzz, just effective, concise answers and solutions. In this aspect it is especially worth mentioning Robert Darwin as an example.’

‘I find their approach to be innovative and comprehensive. Their reputation and also their approach shows a significant depth of knowledge of market / sector knowledge, as well as engaging with key opinion leaders and innovators.’

‘I have worked closely with Robert Darwin for a number of years. He has deep knowledge of the life sciences sector, as well as of the key influencers and trends.’

‘Sidley has one of the top three life sciences and healthcare practices, with an excellent combination of regulatory, licensing and M&A transactional and capital markets experience. ’

‘Exceptional knowledge and understanding of the pharmaceutical and medical device industries. The lawyers navigate the regulatory challenges with considerable ease.’

Key clients

Les Laboratoires Servier

Arat Health, Inc.

Perspectum Group Ltd.

Savillex Corporation

Carlin Consumer Health

Redmile Group LLC

Immunocore

Work highlights

  • Supported and represented Immunocore in its successful appeal against a NICE decision to refuse to recommend a life-extending cancer therapy available to patients with rare eye cancer.
  • Representing French pharmaceutical company Les Laboratoires Servier as co-lead counsel before the Court of Justice of the European Union (CJEU) in appeals by Servier (Case C-201/19 P) and the European Commission (Case C-176/19 P) against a General Court judgment (Case T-691/14).
  • Advising Arat Health, Inc. on establishing the Roha Medical Campus, a groundbreaking hospital and medical complex in Addis Ababa, Ethiopia.

Finance > Acquisition finance Tier 3

Drawing upon a ‘great diversity of transaction experience across multiple asset classes and throughout the capital structure’, Sidley Austin LLP provides ‘super commercial and very responsive’ advice to a borrower-focused client base engaged in new money deals as well as refinancing work for portfolio companies. James Crooksbrings a huge amount of market insight and knowledge to every transaction’, ensuring that he is able to ‘guide clients deftly through how and where to push on terms’. The practice was recently bolstered by the arrival of Joe Kimberling, as well as new joint practice heads Sam Hamilton and Jay Sadanandan, all of whom joined from Latham & Watkins.

Practice head(s):

Sam Hamilton; Jayanthi Sadanandan

Other key lawyers:

James Crooks; Joseph Kimberling; Fergus O’Domhnaill; Ben Wright; Tania Bedi

Testimonials

It is a great team that is super commercial and very responsive.’

‘The team has a great diversity of transaction experience across multiple asset classes and throughout the capital structure.’

James Crooks just knows where the market is and can guide clients deftly through how and where to push on terms, while not delaying execution timelines with unreasonable positions.’

James Crooks is a leading finance lawyer; James brings a huge amount of market insight and knowledge to every transaction, with experience working across the capital structure.’

Key clients

Preservation Capital Partners

Patel Family Office

Omni Partners LLP

Atento SA

Swiss Re

Heather Global PLC

Lumanity Inc.

Paulson & Co. Inc.

Jervois Global Limited

Travelex Topco Limited

Hanseatic Broking Center GmbH

Oxford International Education Group

Recharge Industries

SME HCI Limited

ACPS Group

Ausrocel Group

DWS Group

Cheyne Capital

Work highlights

  • Advised Preservation Capital Partners and its portfolio company Hanseatic Broking Center GmbH with respect to €74m term facilities from credit fund Ares to capitalise the business and support future acquisitions and other strategic initiatives.
  • Advised Swiss Reinsurance Company in the second iteration of its stop-loss financing, which involved JP Morgan having made available a $500m senior secured loan facility due 2028 to Matterhorn Re Ltd, a Bermudan special purpose insurer and segregated accounts company affiliated to Swiss Re.
  • Advised Cheyne Capital in relation to the upsize of its existing €82m  senior secured facilities advanced to Getronics in order to provide further bridge funding to Cheyne taking control of the group through the conversion of its convertible notes instruments.

Finance > Corporate restructuring & insolvency Tier 3

Sidley Austin LLP has achieved considerable success acting as a standalone team as well as by effectively leveraging other key practice areas and international offices at the firm. This is best exemplified by its continued work for beleaguered Chinese real estate companies, where the team works alongside the firm’s Hong Kong capital markets practice which advised on the original high-yield debt issuances now in need of restructuring in light of market conditions. The team is also active in UK and European situations, where as well as company-side work it also regularly acts for distressed investors and creditors. Former practice heads Jifree Cader and Mark Knight have since left the firm.

Other key lawyers:

Kieran Sharma; Dhevine Chandrapala; Raveena Channa; Molly Dyas; Luke Mason

Key clients

China Fortune Land Development

Merced Capital (Telford Offshore)

Coupang Inc

Global Loan Agency Services Limited (Galapagos)

Sunac China Holdings Limited

Atento Luxco

Zhongliang Holdings Group

Kaisa Group Holdings

Logan Property Holdings

Tristan Oil

Work highlights

  • Represented Sunac China Holdings Ltd in the restructuring of its $10.2bn offshore debt by way of a Hong Kong scheme of arrangement with parallel Chapter 15 proceedings in the US.
  • Represented Atento in its successful restructuring and capital raise implemented via two parallel, inter-conditional and multi-class UK restructuring plans.
  • Advised Coupang, Inc. in the completion of its acquisition of the business and assets of Farfetch Holdings plc, in a rescue deal through an English prepack administration process.

Insurance > Insurance: corporate and regulatory Tier 3

Leading insurers, reinsurers, brokers and investors in the insurance sector turn to Sidley Austin LLP‘s insurance and financial services group for its ‘outstanding partners in insurance transactional and regulatory practice’. The practice is particularly strong in the private equity space and assists clients with their entry into the insurance sector. Led by the highly regarded Martin Membery, the practice also benefits from the support of James Phythian-Adams, who specialises in cross-border transactional and regulatory insurance mandates.

Practice head(s):

Martin Membery

Other key lawyers:

Testimonials

‘Thought leadership and outstanding partners in insurance transactional and regulatory practice.’

‘Martin Membery and James Phythian-Adams are both exceptional partners – smart, dedicated and nuanced in their approach.’

Key clients

Altamont Capital

Apollo

Arch

Aspen

Athene

GIC

Gallagher

Lloyd’s

Munich Re

Westfield

Work highlights

  • Advised Westfield on the completion of its acquisition of the Lloyd’s of London operations of Argo Group International Holdings Ltd.
  • Advised Stonepeak on its agreement with the AA and the AA’s majority shareholders, TowerBrook Capital Partners and Warburg Pincus.
  • Advised RenaissanceRe Holdings Ltd. on its acquisition of American International Group Inc.’s treaty reinsurance business, which includes Validus Reinsurance Ltd.

Projects, energy and natural resources > Infrastructure: M&A and acquisition financing Tier 3

Praised for its ‘high-quality, commercially driven advice’, Sidley Austin LLP bolstered its bench strength with the hires of James MacArthur and Ed Freeman from Weil, Gotshal & Manges (London) LLP in April 2023; both MacArthur and Freeman are noted for their expert knowledge of international markets. Alongside their global finance colleagues, the duo handle the full range of M&A, PE, joint venture, and debt finance mandates, working for both distinguished players and newly established funds. Further names to note include Ramy Wahbeh, who joined the firm from Paul, Weiss, Rifkind, Wharton & Garrison LLP in June 2023. Wahbeh is an experienced private equity specialist who regularly works with financial sponsors across a range of infrastructure-related M&A mandates. Emilie Stewart and James Crooks are both noted for their extensive debt finance expertise, as is Ben Thompson, who joined the practice in May 2024 from Travers Smith LLP.

Practice head(s):

James MacArthur

Testimonials

‘High-quality, commercially driven advice and efficient working.’

‘Ed Freeman is an experienced leader, able to effortlessly pre-empt and advise on issues, negotiate and drive outcomes for the client.’

Key clients

Pictet Alternative Advisors

Stonepeak Partners

Macquarie Asset Management

InfraBridge

Terra Firma

Northleaf Capital

iCON Infrastructure

Apollo

OTPP

THI Investments

APG

Patrizia Infrastructure

Goldman Sachs Infrastructure Partners

Work highlights

  • Advised Pictet Alternative Advisors acquiring a controlling interest in facilities manager Pareto FM.
  • Advised InfraBridge on its agreement with Swiss Life Asset Managers for the acquisition of a co-controlling equity stake in, and investment into, Telecom Infrastructure Partners by Swiss Life.
  • Advised Stonepeak on its strategic, preferred investment into AGP Sustainable Real Assets.

TMT (technology, media and telecoms) > Fintech: regulatory Tier 3

Payment systems and processors, issuers and acquirers of e-money and digital payment instruments, and investment funds are among the clients which seek out Sidley Austin LLP‘s fintech team. Leonard Ng heads up the team and frequently assists payment clients who provide regulated investment services. AML and sanctions work relating to the payments sector is a key strength for Rachpal K. Thind.

Practice head(s):

Leonard Ng

Other key lawyers:

Rachpal K. Thind; Martin Dowdall; John Casanova; Katie Chin

Corporate and commercial > Corporate tax Tier 4

Sidley Austin LLP‘s team has strength ‘in both technical knowledge and being commercial’, and is active in the full range of transactions. Jason Menzies is active for clients across Europe and Asia, as well as domestically, while Steve Quinn, who made partner in 2023, adds key strength in finance and capital markets.

Other key lawyers:

Testimonials

‘Commercial and friendly. Key strength in both technical knowledge and being commercial at the same time. Feel they work with you to get to the right outcome.’

Key clients

Atento Luxco

Lottomatica

Stonepeak Partners

Stanley Capital Partners

Macquarie Asset Management

Buckthorn Partners

Spire Partners

CVC Credit

Permira

Amey UK

Westfield

22 HoldCo

Work highlights

  • Represented Atento in its successful restructuring and capital raise, which was implemented via two parallel, inter-conditional and multi-class UK Restructuring Plans in November 2023.
  • Represented Lottomatica in its agreement to acquire the entire equity capital of SKS365 Malta Holdings Limited.
  • Represented Stonepeak on its investment agreement with the AA and the AA’s majority shareholders, TowerBrook Capital Partners and Warburg Pincus.

Corporate and commercial > Financial services: contentious Tier 4

Sidley Austin LLP maintains a strong practice on behalf of large, sophisticated international entities and individuals seeking advice and representation when faced with reputation or career threatening issues, often at the intersection of financial crime and regulatory enforcement. Much of this work is of a cross-border nature, with the team working well with other offices including in the US and Asia. Sara George is ‘truly exceptional’ and has vast experience representing clients accused of a variety of regulatory infractions, including as they relate to insider trading, market manipulation and money laundering.

Practice head(s):

Stephen Cohen; Sara George

Other key lawyers:

Samantha Cumming

Testimonials

‘The team and the practice cover greatly a broad number of complex situations, for demanding and sophisticated clients, with operations in several jurisdictions. The team also ensures great diversity with great quality of staff across several seniority levels. They are also very practical and have helped us and clients save time. I have worked with them greatly as a team also. We have also used specific technology tools that saved time and resources also.’

Sara George is truly exceptional.’

‘Experts in their field focused on what is relevant and their client best interests, great collaboration with their international offices.’

‘Each member of the team contributes significantly and seamlessly, and each one clearly has their clients’ best interests at heart.’

‘Each time they provided added value to the overall complex situations and contexts we have been working together to solve, in several jurisdictions. So, their cross-border knowledge also puts them ahead of other reputed international law firms.’

Key clients

Tom Hayes

Work highlights

  • Represented the former UBS and Citigroup trader Tom Hayes, who was convicted of interest-rate rigging following a Serious Fraud Office-led trial, on a pro bono basis in the Financial Services and Markets Tribunal in a successful challenge to a proposed prohibition order following his conviction for manipulation of LIBOR.

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

Praised for its ‘encyclopedic knowledge’, Sidley Austin LLP regularly advises on a range of mandates concerning UK/EU securitisation regulation, investment funds, payment services, consumer credit and mortgage regulation, in addition to anti-money laundering and financial sanctions compliance. ‘Highly personable and respected across the industry’, Leonard Ng leads the team and advises global financial institutions on Brexit, crypto-assets, sustainable finance and ESG regulation. Max Savoie delivers ‘highly commercial, pragmatic and tailored’ advice on matters concerning UK and EU payment services regulation.

Practice head(s):

Leonard Ng

Other key lawyers:

Max Savoie; Rachpal Thind; Martin Dowdall

Testimonials

‘Leonard Ng and the team’s advice is to the point, succinct, practical and relevant. They have a good depth of knowledge of industry practices as well as the regulatory requirements and are able to assist with any issues quickly, meaningfully and professionally.’

‘Leonard Ng is a star. A rare and talented individual, who provides real solutions as he has deep industry knowledge and how entities work.’

‘Aside from their encyclopedic knowledge, Leonard Ng and his team have a level of practical experience and market insight that is unrivalled. When seeking advice, we not only get chapter and verse on the rules, we also get a sense of what the regulator expects and practical, actionable advice based on our unique circumstances.’

‘Leonard Ng heads the team and is always available within a reasonable period of time. We have yet to pose a question to Leonard on which he has not been able to promptly deliver knowledgeable, concise, relevant and actionable legal advice.’

‘The team at Sidley Austin, led by Leonard Ng, are incredibly hard working, competent, and provides helpful and practical advice. Their knowledge of highly technical matters and network across the industry and government bodies is unique.’

‘Leonard Ng is highly personable and respected across the industry. In addition, he ensures that he provides high quality advice in a very time sensitive manner.’

‘Max Savoie has a deep understanding of our business model and the payment services our company provides. Max’s advice is always highly commercial, pragmatic and tailored to our business. Max’s risk-based approach and sound judgement is valued and respected.’

‘The key points that make the firm standout from its competitors is the fast turnaround times and meeting client’s (usually) unrealistic timeframes on urgent and critically important matters.’

Key clients

Galvanize Climate Solutions LLC

AlbaCore Capital LLP

Athora Holding Ltd.

Apollo Global Management

Citadel Group

Deutsche Ban

D.E. Shaw Group

Pinebridge Investments Europe Limited

Managed Funds Association

Corporate and commercial > Private equity: transactions – high-value deals (£500m+) Tier 4

Sidley Austin LLP significantly bolstered its London private equity offering through the hire of Ramy Wahbeh and Kaisa Kuusk from Paul, Weiss, Rifkind, Wharton & Garrison LLP in June 2023, further strengthening the complex, cross-border M&A capability among its bench of advisers. Wahbeh heads up the practice alongside the London office’s Managing Partner Tom Thesing. Wahbeh and Kuusk are chiefly noted for their extensive work with Apollo Global Management as well as a number of its investment funds and portfolio companies. The duo join a team which also includes Adam Runcorn, who handles leveraged buyouts, investments, and debt and equity restructurings for a broad client base, particularly in the sports world.

Practice head(s):

Thomas Thesing; Ramy Wahbeh

Other key lawyers:

Kasia Kuusk; Adam Runcorn

Key clients

Apollo Global Management, Inc.

Clearlake Capital

Fortress

Stonepeak Partners

Stanley Capital Partners

Lottomatica Group S.p.A.

Banks and Acquires International Holding

European Bank for Reconstruction and Development

Gamma Biosciences

Savillex

Work highlights

  • Advised investment funds managed by Apollo in their acquisition of Banks and Acquires International Holding from Worldline.
  • Advised investment funds managed by Apollo in their takeover bid for Applus Services.
  • Advised Stonepeak on its agreement with the AA and the AA’s majority shareholders, TowerBrook Capital Partners and Warburg Pincus. Per the agreement, Stonepeak will invest £450m in the AA through a combination of common and preferred equity at an enterprise value of approximately £4bn.

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

Sidley Austin LLP leverages its global network of offices to provide a white-collar crime and investigations offering with notable strength in multijurisdictional mandates. ‘Truly exceptional‘ former FSA prosecutor Sara George leads the London team and has extensive experience representing both individuals and corporations accused of market abuse, insider trading, and money laundering offences. The core team also includes David Smith, who handles SFO investigations and antitrust issues.

Practice head(s):

Sara George

Other key lawyers:

Testimonials

‘Sara George is a truly exceptional individual and always goes the extra mile for her clients.’

‘Experts in their field and have a great understanding of the rules in play and what the position of the other side is going to be and how best to articulate our position.’

‘Each one committed to their clients best interests, focused and dedicated to each part of the process to ensure a quality product is delivered either written or in oral arguments.’

‘The team and the practice covers greatly a broad number of complex situations, for demanding and sophisticated clients, with operations in several jurisdictions. The team also ensures great diversity with great quality of staff across several seniority levels.’

‘I greatly appreciate and recommend the partner Sara George and the senior associate David Smith in Sidley Austin’s team, they are both excellent professionals and great team members. Each time they provided added value to the overall complex situations and contexts we have been working together to solve, in several jurisdictions.’

Dispute resolution > Banking litigation: investment and retail Tier 4

Drawing on the firm’s international network, Sidley Austin LLP’s ‘outstanding banking litigation service’ excels in multi-jurisdictional banking litigation. Boasting ‘broad and deep experience combined with technical expertise’, Matthew Shankland leads the team. Alastair Hopwood demonstrates prowess in cross-border disputes, with litigation experience at all levels of English courts and in offshore jurisdictions. Promoted to partner in January 2024, Sarah Lainchbury’s broad financial services and banking litigation practice ranges from structured and leveraged finance, derivatives, and security enforcement disputes, to contentious restructurings and insolvencies.

Practice head(s):

Matthew Shankland

Other key lawyers:

Testimonials

‘Excellent people and good technical and strategic knowledge.’

‘Matthew Shankland – highly experienced partner. Sarah Lainchbury – new partner: very hardworking and bright.’

‘Sidley has developed an outstanding banking litigation service in London by combining hard work, a focus on client priorities and technical legal expertise.’

‘Matthew Shankland provides fantastic leadership, deploying his broad and deep experience combined with technical expertise: this is who you want managing the most difficult matters.’

‘Sarah Lainchbury is a fantastic new addition to the partnership ranks: a real star, with an unrivalled work-ethic and relentless focus on her client’s priorities.’

Key clients

Genworth Financial, Inc.

Work highlights

  • Representing leading U.S. insurance firm Genworth in a major PPI mis-selling-related litigation worth over £600m.

Real estate > Commercial property: investment Tier 4

With significant experience in cross-border transactions, Sidley Austin LLP is well-versed in direct and indirect investments and joint venture support. Emilie Stewart and Jack Mayall are further names of noted within the team.

Other key lawyers:

Key clients

Macquarie Asset Management

Work highlights

  • Advised Macquarie Asset Management on its investment in £400 million in notes related to a portfolio of commercial ground leases.

Risk advisory > Data protection, privacy and cybersecurity Tier 4

Sidley Austin LLP‘s data protection team in London forms an integral part of the firm’s global privacy and cybersecurity practice, and is particularly active on behalf of clients based across the UK and EU; William Long acts as co-chair of the international offering, as well as leading the UK and EU branch. The regulated industries, particularly life sciences and financial services, are key areas of focus. Francesca Blythe is singled out for her ‘pragmatic approach‘.

Practice head(s):

William Long

Other key lawyers:

Testimonials

‘Francesca Blythe has a pragmatic approach to data privacy.’

‘The whole team has consistently high performers, never missed a deadline and always delivering excellent results.’

‘Francesca Blythe is able to understand our business quickly, apply the relevant data privacy laws to our situation and provide legal advice on a risk-based approach. She is personable and professional. She is always managing my expectations and keeps me updated if working on a longer project.’

Key clients

Canyon Partners

Accelerant

Recode

W.L.Gore

DaVita Inc.

Arcus Biosciences

H.I.G.

Pliant Therapeutics

ACRO

Alnylam

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

Sara George leads the white-collar defence and investigations team at Sidley Austin LLP, which leverages the firm’s global reach to provide a interdisciplinary offering with strength in cross-border and multijurisdictional mandates. George is an experienced financial crime specialist and former FSA prosecutor with extensive experience advising corporate clients on market abuse, insider dealing, money laundering, and corruption issues. Working alongside George is litigator Samantha Cumming, whose expertise encompasses matters involving allegations of financial misconduct, corruption, bribery, and fraud.

Practice head(s):

Sara George

Other key lawyers:

Testimonials

‘Brilliant client service: first-rate lawyers, who know their field inside out, but also never drop the ball on client care.’

‘Sara George and Samantha Cumming. Both work round the clock to protect their clients, fighting incredibly hard for the client’s interests. Sara is a market leader who knows this field inside out. Samantha is an up-and-comer, with a bright future ahead.’

‘The team at Sidley are very experienced in dealing with regulatory investigations. They provide expertise and focused counsel to ensure understanding. They provide options for the next steps and commentary on likely outcomes. Great collaboration with other interested parties where required.’

‘All of the Sidley team we dealt with were professional in their engagement with us. Both Sara George and Samantha Cumming were exceptional. Great interpersonal skills, approachable and responsive.’

Key clients

beIN Media Group

dōTERRA International, LLC

Work highlights

  • Advised broadcasting company beIN Media Group in successfully managing a crisis and international dispute with the Kingdom of Saudi Arabia as part of a multi-pronged strategy that included an investment treaty claim, WTO litigation, government advocacy, and multi-jurisdictional IP enforcement proceedings.
  • Advising Utah-headquartered, multi-level essential oils marketing company, dōTERRA on an investigation into accusations against a supplier of substandard working conditions, sexual assault, and misappropriation of company funds involving multiple jurisdictions, including Somaliland, the US, and the UK.

Dispute resolution > Commercial litigation: premium Tier 5

Sidley Austin LLP represents a host of international clients in litigation, both before UK courts and courts in other jurisdictions. Matthew Shankland heads the team, as well as co-leading the firm’s global commercial litigation team; his experience spans shareholder, ontractual, and financial disputes. Andrew Fox’s diverse practice sees him advising on commercial disputes related to commodities brokerage, oil and gas logistics, and branding and licensing. Alastair Hopwood excels in cross-border disputes, including litigation in offshore jurisdictions. Sarah Lainchbury was promoted to partner in January 2024.

Practice head(s):

Matthew Shankland

Other key lawyers:

Testimonials

‘A great team of advisors who are well above lawyers only.’

‘Andrew Fox and David Smith are well above all our expectations. Talented and client/business oriented. Always available.’

‘Great lawyers, commercially minded, providing best-in-class legal advice in a timely manner. They are our go-to firm for this type of legal advice.’

‘Excellent legal knowledge and communication skills, being able to explain often complex legal concepts to clients in a manner that is useful and easy to understand.’

Key clients

Darty Holdings SAS

Brightline Holdings LLC

Kroll

Sports Entertainment Media B.V.

Work highlights

  • Represented Darty Holdings SAS in the Court of Appeal in overturning a first instance decision in a large preference claim.
  • Acted for Brightline Holdings LLC (formerly Virgin Trains USA LLC) in defending a damages claim commenced before the English High Court by Virgin Enterprises Limited (VEL) concerning the “Virgin” brand name and trade marks, with damages in excess of $200m.
  • Acting for Sports Entertainment Media B.V. (SEM) and its shareholders in defending a claim brought by Entain Holdings (Netherlands) B.V. arising out of Entain’s acquisition from SEM of Betent B.V. (trading as BetCity).

Investment fund formation and management > Private funds Tier 5

Work highlights

Corporate and commercial > EU and competition Tier 6

Offering a competition service that is well-placed to assist on multi-billion dollar, cross-border deals, Sidley Austin LLP leverages its integrated European offering to provide strategic guidance in cartel investigations and market studies. The team is led by the Brussels-based Ken Daly. Patrick Harrison, a dual-qualified (English and Belgian) practitioner, maintains a busy practice, advising on UK and EU matters, while Vincent Brophy has recently been involved in major transactions within the insurance and employment sectors.

Practice head(s):

Ken Daly

Other key lawyers:

Patrick Harrison; Vincent Brophy; Rosanna Connolly; Murray Reeve; Monika Zdzieborska

Testimonials

‘Well-coordinated global team. Very organised and thorough. Created a tracker and really moved things along with global regulatory bodies.’

‘The team uses tracking tools, coordination internally and globally to create an efficient and cost-efficient process for EU and competition approvals. They had broad experience with unique fact patterns to provide expert guidance.’

‘Vincent Brophy is a key individual. He has deep experience of handling high-profile matters in Brussels. He is an astute tactician and a highly respected member of the antitrust bar.’

‘An experienced team in London. Vincent Brophy is a very experienced practitioner with a wealth of experience especially on EU matters.’

Key clients

Mastercard

Allkem Limited

Arthur J. Gallagher & Co.

F. Hoffmann La Roche

Stryker

Magna International

Regal Rexnord Corporation

RenaissanceRe Holdings Ltd

IDEX

Viterra Limited

Wren House

Atento

Dye & Durham

Invenergy

Work highlights

  • Advised Mastercard in relation to two ongoing parallel market reviews by the PSR in relation to: (a) Mastercard and Visa’s Scheme and Processing Fees; and (b) post-Brexit Interregional Interchange Fees for UK-EU transactions.
  • Advised Allkem Limited in relation to its all-stock merger of equals with Livent Corporation, to form Arcadium Lithium.
  • Advised AJG on two matters, including in its acquisition of Buck, and providing antitrust to AJG as part of its $3.25 billion acquisition of the treaty reinsurance brokerage operations of Willis Towers Watson plc.

Corporate and commercial > M&A: Upper Mid-Market And Premium Deals, £750m+ Tier 6

Active across the insurance, energy, and infrastructure sectors, the M&A team at Sidley Austin LLP continues to handle a steady stream of deals for a diverse portfolio of clients. The team is noted for its ability to handle multi-jurisdictional transactions, leveraging its global network to assist on matters. Steering the practice is Thomas M. Thesing, whose practice encompasses cross-border M&A, corporate finance, and corporate governance. Philip Cheveley has a wealth of experience advising clients on cross-border and domestic public takeovers, mergers, acquisitions, and disposals, while James Wood is rountinely instructed by senior client stakeholders on a range of transactions.

Practice head(s):

Thomas M. Thesing

Other key lawyers:

Key clients

Stonepeak Partners

HeadFirst Global

Ashtead Technology

Savillex Corporation

Judges Scientific

Westfield

Huma Therapeutics

Arthur J. Gallagher & Co.

Colliers International Group

Perspectum Group Ltd.

Stryker Corporation

Work highlights

  • Advised Stonepeak on its agreement with the AA and the AA’s majority shareholders, TowerBrook Capital Partners and Warburg Pincus. Per the agreement, Stonepeak will invest £450m in the AA through a combination of common and preferred equity at an enterprise value of approximately £4 billion.
  • Advised HeadFirst Global on a recommended offer by a newly formed affiliate to acquire Impellam Group plc. Subject to regulatory approval, the deal values the entire issued share capital of Impellam at approximately £483.2m.
  • Advised Savillex Corporation, a portfolio company of private equity firm Thompson Street Capital Partners, in its strategic acquisition of ONFAB.

Real estate > Property finance Tier 6

Fielding a cross-practice offering, the Sidley Austin LLP global finance team, led by Rupert Wall, works closely with the firm’s real estate team, advising a range of private equity firms, alternative investment managers, and real estate investment trusts. Emilie Stewart regularly handles loan-on-loan and real estate backed non-performance loans across Europe.

Practice head(s):

Rupert Wall

Other key lawyers:

Key clients

Macquarie Asset Management

Work highlights

  • Acting as English counsel for Macquarie Asset Management on its investment in £400 million in notes related to a portfolio of commercial ground leases.

Finance > High yield

Industry focus > TMT

Worldwide > Capital markets Tier 1

United States > Finance > Financial services regulation

Sidley Austin LLP‘s provides comprehensive regulatory, transactional, enforcement, and litigation services to financial institutions across the sector. The team advises on complex regulatory frameworks, compliance matters, acquisitions, and product development, drawing on extensive cross-border experience. The firm is also at the forefront of financial technology developments, assisting clients with issues related to virtual currency, blockchain, marketplace lending, and mobile payments. The practice has a strong focus on financial institution M&A, private equity investments, and joint ventures, handling transactions that require deep regulatory knowledge and multi-jurisdictional expertise. It also advises on capital markets matters, large securities offerings, and complex financings. Additionally, the team frequently counsels non-U.S. banks on governance, risk management, and US regulatory requirements, including licensing and compliance with the Bank Secrecy Act and other banking laws. The practice is led by David Teitelbaum and Joel Feinberg in Washington DC.

Practice head(s):

Joel D. Feinberg; David E. Teitelbaum

Key clients

PayPal

Raymond James

Bank of New York Mellon

UBS

The Huntington National Bank

Synchrony Financial

First Citizens Bank

Charles Schwab & Co

Castle Creek Capital

The Norinchukin Bank

BNP Paribas

Wealthfront

Work highlights

  • Represented Synchrony Financial in its acquisition of Ally Financial Inc.’s point-of-sale financing business, including US$2.2 billion of loan receivables.
  • Advised Raymond James in its Raymond James Bank-Eldridge Industries joint venture, called Raymond James Private Credit, which will offer private credit solutions to portfolio companies of private equity firms.
  • Representing Castle Creek Capital in its US$30 million co-investment in FirstSun Capital Bancorp, the holding company of Sunflower Bank, to help fund FirstSun’s merger with HomeStreet, Inc., the bank holding company for HomeStreet Bank.

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 2,300 lawyers in 21 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 2,300

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

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 2,300

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 21 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.