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Weil, Gotshal & Manges (London) LLP

110 FETTER LANE, LONDON, EC4A 1AY, ENGLAND
Tel:
Work 020 7903 1000
Fax:
Fax 020 7903 0990
DX:
110 CHANCERY LANE
Email:
Web:
www.weil.com

London: Corporate and commercial

Corporate tax
Corporate tax - ranked: tier 4

Weil, Gotshal & Manges (London) LLP

A 'class-act', Weil, Gotshal & Manges (London) LLP operates across M&A, private funds, insolvency, restructuring, management incentivisation and finance, and has particular sector-expertise in oil and gas. Funds and restructuring expert David Irvine advised Westinghouse Electric on the tax element of its entry into Chapter 11 bankruptcy proceedings, the restructuring of its business and its pending $4.6bn sale by Toshiba to Brookfield Business Partners. He continues to advise Lehman Brothers Holdings on its Chapter 11 bankruptcy process. Oliver Walker was instructed by Advent International on the tax aspects of transaction structuring, management incentivisation and acquisition documentation in relation to its acquisition of multiple EU-based businesses. Senior consultant Andrew Norwood advised Barclays Bank, acting as the sole Arranger, on the tax aspects of its Barclays Income Contingent Student Loans securitisation.

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M&A: upper mid-market and premium deals, £250m+
M&A: upper mid-market and premium deals, £250m+ - ranked: tier 4

Weil, Gotshal & Manges (London) LLP

The ‚Äėhighly knowledgeable‚Äô¬†Weil, Gotshal & Manges (London) LLP¬†provides ‚Äėrapid response‚Äô and ‚Äėincisive advice‚Äô, and is ‚Äėefficient and effective‚Äô. The team acts on a range of cross-border M&A, spin-offs and joint ventures for public and private companies. Head of department¬†Michael Francies¬†and¬†Ian Hamilton¬†handled the English law aspects of Reynolds American‚Äôs merger with British American Tobacco, with the transaction led by¬†Michael Aiello¬†in New York.¬†James MacArthur¬†advised CATS Management on the expansion of its midstream infrastructure business with the acquisition of a 65% interest in the Esmond Transportation System from Premier Oil, Centrica and Perenco. Other clients on the firm‚Äôs roster include General Electric, Owens Coming and Equiniti Group. Peter King¬†left the firm in December 2017 to take up the position of legal director at HM Treasury.

Leading individuals

Michael Francies - Weil, Gotshal & Manges (London) LLP

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Private equity: transactions
Private equity: transactions ‚Äď high-value deals - ranked: tier 1

Weil, Gotshal & Manges (London) LLP

Weil, Gotshal & Manges (London) LLP has 'a lot of strength in depth', enabling it to 'get deals done that others can't'. Its heavyweight team includes Marco Compagnoni, who is 'not just a very good technical lawyer and a phenomenal client lawyer, but is also able to square circles and achieve the impossible'; he is 'in a league of his own'. James Harvey is 'an excellent operator who is well plugged-in to the market'. Simon Lyell is another standout figure. In 2017, Compagnoni was the lead adviser to OMERS on the circa £1bn sale of UK software company Civica to Partners Group, and also on the £215m sale of direct lender Hayfin Capital to BCIMC. James MacArthur advised OMERS Infrastructure on increasing its investment in Thames Water. Elsewhere, the team recently handled various significant transactions for Advent International and Bain Capital, which included Compagnoni and Harvey acting for them as selling shareholders in the $5.3bn take-private of Nordic payments company Nets by a consortium led by Hellman & Friedman. Samantha McGonigle recently advised Oaktree Capital on the sale of its platform dental business, Hesira, to Nordic Capital. Jonathan Wood is another name to note in the team, which is co-led by Compagnoni and Michael Francies. Banking partner Paul Hibbert, whose wide-ranging expertise includes leveraged finance transactions, joined in 2017 from Baker McKenzie. Anthea Bamford, who moved from Berwin Leighton Paisner in February 2018, is noted for her knowledge of private equity real estate transactions.

Leading individuals

Jonathan Wood - Weil, Gotshal & Manges (London) LLP

Marco Compagnoni - Weil, Gotshal & Manges (London) LLP

Michael Francies - Weil, Gotshal & Manges (London) LLP

Next generation lawyers

Samantha McGonigle - Weil, Gotshal & Manges (London) LLP

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London: Dispute resolution

Commercial litigation
Commercial litigation - ranked: tier 6

Weil, Gotshal & Manges (London) LLP

Although 'smaller than others doing large litigation', Weil, Gotshal & Manges (London) LLP's London team 'handles big-ticket litigation and does it very well'. The team assists with financial institution and tax litigation, structured finance disputes, IP issues, energy-related claims, and contentious regulatory matters. Jamie Maples  is 'a strategic, excellent lawyer who is terrific at handling clients'; Mark Lawford is a restructuring and insolvency specialist; and associate Christopher Marks is 'an excellent lawyer and independent thinker'. The former co-head of disputes, Hannah Field-Lowes, joined White & Case LLP.

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International arbitration
International arbitration - ranked: tier 6

Weil, Gotshal & Manges (London) LLP

Weil, Gotshal & Manges (London) LLP's 'international reach and huge breadth of experience really shine through'. The team acted for 1Malaysia Development Berhad in a large LCIA arbitration, which concerned the alleged misappropriation of $3.5bn. Jamie Maples 'combines arbitration work with a busy High Court practice, such combination allowing him to advise with equal confidence in arbitration matters and the satellite court proceedings that often accompany them'; and senior associate Matthew Akers and associate Hayley Lund are 'both rising stars in the field'. The former co-head of disputes, Hannah Field-Lowes, joined White & Case LLP.

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Tax litigation and investigations
Tax litigation and investigations - ranked: tier 2

Weil, Gotshal & Manges (London) LLP

'A class act', Weil, Gotshal & Manges (London) LLP's practice includes the 'unflappable' Jamie Maples and Oliver Walker. The practice played a key role in The Littlewoods Group's landmark victories against HMRC before the High Court, Court of Appeal and the Supreme Court concerning compound interest due on VAT over-payments made by the client between 1973 and 2004. David Irvine is another key name for Weil.

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London: Finance

Acquisition finance
Acquisition finance - ranked: tier 1

Weil, Gotshal & Manges (London) LLP

With nine partners based in London who have a focus on leveraged finance and high yield,¬†Weil, Gotshal & Manges (London) LLP¬†has the expertise across the capital structure and across financial products (including TLB, New York-law governed high yield and unitranche)¬†for a 'very balanced array' of banks, alternative capital providers and private equity sponsors. 'At the cutting edge of the market and constantly pushing for new technology in the documents', the team excels in big-ticket cross-border financings where it is also able to leverage the firm's significant European and US footprint.¬† The 'well-respected'¬†Mark Donald¬†handles lender and borrower side work and recently advised the lead arrangers, including Credit Suisse and UBS, on the ‚ā¨505m equivalent first-lien tranche, including a ¬£150m sterling-denominated carve out as well as a ¬£130m equivalent sterling-denominated second-lien tranche to facilitate CVC Capital Partners' acquisition of¬†Corialis. The 'technically brilliant'¬†Chris McLaughlin¬†'finds innovative, commercial solutions to get the deal done'; he recently advised longstanding private equity client, Lone Star, on the¬†‚ā¨435m senior term and revolving credit facilities in relation to its acquisition of the Esmalglass-Itaca group of companies.¬†Tom Richards¬†also has a particularly strong reputation among private equity clients including Advent International, which he recently advised alongside Bain Capital, on the ‚ā¨430m debt facilities put in place to enable the acquisition of Concardis.¬†Reena Gogna¬†is also recommended, while¬†Paul Hibbert¬†is noted for his infrastructure acquisition finance practice. Other clients include JP Morgan, HSBC, Ares Capital Europe, Nordic Capital and Morgan Stanley.

Leading individuals

Chris McLaughlin - Weil, Gotshal & Manges (London) LLP

Mark Donald - Weil, Gotshal & Manges (London) LLP

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Corporate restructuring and insolvency
Corporate restructuring and insolvency - ranked: tier 2

Weil, Gotshal & Manges (London) LLP

As well as generating a significant amount of standalone company side work and providing debtor-side assistance to the US team when the need arises, Weil, Gotshal & Manges (London) LLP 's four-partner London team has the 'strength-in-depth' to provide a 'very strong service' to investor fund clients looking to realise value in distressed opportunities, as well as leveraging the firm's front-end structured finance expertise to generate a significant work flow. 'Excellent' team head Adam Plainer excels at handling complex cross-border work including his ongoing work for KPMG as special administrators of the broker MF Global across various different work-streams including most recently, on a company voluntary arrangement (CVA) designed to give creditors the option of exiting the administration early in return for recovery of more than 99p in the pound. 'Extremely well-informed on mindbogglingly intricate points of restructuring law', Mark Lawford provides 'exceptionally thoughtful advice' to a range of stakeholders. Alongside Andrew Wilkinson, Lawford assisted the US team on the representation of troubled US offshore drilling company, Paragon Offshore; notably since the parent entity was an English plc, it was necessary to find a way to validly compromise the shareholders from an English law perspective, ultimately leading to a unique implementation of a Chapter 11 procedure via an English administration. Alexander Wood has particular expertise in the design and implementation of complex schemes of arrangement, cross-border restructurings and formal insolvency procedures; he is representing Westinghouse Electric Company on its Chapter 11 and associated proceedings. Other clients include BlackRock, Goldman Sachs, Lego Systems and Charterhouse Capital Partners.

Leading individuals

Adam Plainer - Weil, Gotshal & Manges (London) LLP

Andrew Wilkinson - Weil, Gotshal & Manges (London) LLP

Next generation lawyers

Mark Lawford - Weil, Gotshal & Manges (London) LLP

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Derivatives and structured products
Derivatives and structured products - ranked: tier 2

Weil, Gotshal & Manges (London) LLP

Weil, Gotshal & Manges (London) LLP¬†is one of the most prominent players in the European CLO market, in which it is consistently the most active firm on behalf of asset collateral managers. It counts¬†Blackstone/GSO and Carlyle,¬†the two biggest global managers, among its key clients. It is regarded as a innovator in the CLO market, and its recent work included the development of a new originator risk retention structure with Blackstone/GSO, and subsequent work for GSO on turning that structure into the first CLO platform compliant with both EU and US risk retention rules. The firm also handles structured investments in bank assets by funds, thus enabling banks to¬†improve their capital ratios. In the derivatives space, the firm frequently handles total return swap¬†structures for its key structured finance clients, as well as advising on currency and interest rate hedging for structured finance vehicles, corporates and¬†banks.¬†Jacky Kelly¬†leads the practice in London and is co-head of the global structured finance and derivatives group. She handled three new CLOs last year for¬†Blackstone/GSO -¬†Willow Park, Palmerston Park and Clontarf Park - as well as advising on the resets¬† or refinancings of seven others. For Carlyle, she handled CLO matters with a combined value of ¬£1.8bn, and assisted with a private financing by way of a total return swap. Key partner¬†Brian Maher¬†advised Apollo Management International on the ‚ā¨466m ALME Loan Funding IV CLO. Also recommended are¬†Steven Ong¬†and counsel¬†Thomas Falkus¬†who advised corporate and private fund clients on the impact of EMIR on new and existing structured finance transactions.

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High yield
High yield - ranked: tier 2

Weil, Gotshal & Manges (London) LLP

Weil, Gotshal & Manges (London) LLP¬†is 'a great firm for complex work where there is a need for real creative thinking and innovative solutions'. One client remarks that it is 'an excellent firm with a very broad skill set across leveraged finance, spanning sponsors and corporates, and both private and public debt issuances; it punches well above its weight'. The practice is skilled in¬†New York law 144a deals sold to US investors, in which it acts for corporate issuers, banks and sponsors, and it frequently handles restructurings for bondholder committees. The firm has two partners dedicated to this practice area in 'top-notch' head of European high yield¬†Patrick Bright¬†and¬†Nitin Konchady, who are 'very highly qualified and very responsive to client requests'.¬† They frequently work together on high-profile deals, which last year included Verisure's offering of ‚ā¨1.145bn in senior notes, in which they acted for initial purchasers Goldman Sachs, Bank ofAmerica Merrill Lynch, Morgan Stanley, JPMorgan, Nomura and Nordea. They also assisted Infopro on its debut bond offering of ‚ā¨500m in senior secured notes to refinance its existing debt, and handled another debut bond offering for Shop Direct, which issued ¬£550m in senior secured notes. Sponsors Advent International and Bain Capital, issuer Groupe Paprec and underwriter UBS are among the firm's clients.

Leading individuals

Patrick Bright - Weil, Gotshal & Manges (London) LLP

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Securitisation
Securitisation - ranked: tier 2

Weil, Gotshal & Manges (London) LLP

Clients of¬†Weil, Gotshal & Manges (London) LLP¬†praise 'the¬†great coordination across offices globally, as well as across practices; all team members are in the loop on what others are doing'. The firm is best known for its busy CLO practice, which acts for many of the most active asset collateral managers in the market. The firm is sole counsel to Blackstone/GSO and Carlyle, and represents leading managers including Apollo, BlackRock and Guggenheim.¬†Head of the London structured finance and derivatives practice and co-head of the global practice¬†Jacky Kelly¬†handled¬†three new CLOs for Blackstone/GSO in 2017, as well as on several resets and refinancings.¬†Kelly also worked on a ‚ā¨1.2bn servicing and credit platform for KKR to purchase distressed Greek loan portfolios.¬†The practice also handles innovative securitisation deals outside the CLO market; last year it acted for Barclays in the development of a novel structure for the ¬£1.7bn securitisation of income-contingent repayment student loans by the UK government. Key partner¬†Brian Maherled that transaction.¬†Counsel¬†Thomas Falkus¬†is 'very attentive, knowledgeable and involved day-to-day; he is always available to answer questions and is very helpful with thinking through complex situations and getting up to speed, identifying issues and proposing solutions'.¬†Consultant¬†Steven Ong¬†and rising star associate¬†Alexander Martin¬†are also recommended.

Leading individuals

Jacky Kelly - Weil, Gotshal & Manges (London) LLP

Next generation lawyers

Alexander Martin - Weil, Gotshal & Manges (London) LLP

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London: Insurance

Insurance: insolvency and restructuring
Insurance: insolvency and restructuring - ranked: tier 1

Weil, Gotshal & Manges (London) LLP

Weil, Gotshal & Manges (London) LLP¬†‚Äėhas a fantastic offering with very strong experience and good bench strength‚Äô. ‚ÄėRestructuring is what the team is really good at‚Äô, although it is also known for its specialist insurance-related insolvency capabilities; the leading global restructuring practice has been involved in several high-profile recent matters. With the ‚Äėvery bright, accessible and hugely knowledgeable‚Äô Alexander Wood¬†leading efforts in the insurance restructuring field, the firm offers a comprehensive service. Wood is currently acting for KPMG as judicial manager to British American Insurance Company (Barbados) (BAICO), part of the insolvent Eastern Caribbean BAICO insurance group. In another insolvency highlight,¬†Mark Lawford¬†is advising the directors of the T&N Asbestos Trustee Company.

Leading individuals

Alexander Wood - Weil, Gotshal & Manges (London) LLP

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London: Investment fund formation and management

Private funds
Private funds - ranked: tier 2

Weil, Gotshal & Manges (London) LLP

Weil, Gotshal & Manges (London) LLP¬†handles a range of work, including heavyweight infrastructure funds and work for leading institutional investors and emerging markets managers. In the infrastructure space, Ed Gander¬†advised Actis - a new client win - on its launch of a long-dated $2bn fund, and handled buyout work such as PAI Partners Fund VII; James Sargent, who also was involved in the Actis fund, advised Argos Soditic on forming its Euroknights Fund VII, which closed at ‚ā¨500m. Nigel Clark¬†advises well-known clients in emerging markets private equity as well as major institutional investors. Alongside work for heavyweight institutional investors, Stephen Fox¬†advises Disruptive Capital, which has a target of ¬£500m for its first fund. Peter Olds¬†was promoted to counsel at the start of 2018. Other clients include KKR, EISER Infrastructure Partners, Brookfield and CapMan.

Leading individuals

Ed Gander - Weil, Gotshal & Manges (London) LLP

Next generation lawyers

James Sargent - Weil, Gotshal & Manges (London) LLP

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Real estate funds
Real estate funds - ranked: tier 1

Weil, Gotshal & Manges (London) LLP

Weil, Gotshal & Manges (London) LLP handles a range of fundraising work for major clients, covering both traditional real estate funds as well as infrastructure assets. Brookfield is a cornerstone client, with Ed Gander a key name in that client relationship - the team continues to advise it on the $20bn Brookfield Infrastructure Fund IV and on $2bn real estate debt fund, Brookfield Real Estate Fund V. Gander and newly promoted counsel Peter Olds advised Actis on forming the Actis Long-Life Infrastructure Fund. Nigel Clark advised Union Eiendomskapital on forming its second real estate fund, which raised 2.4bn NOK. Other real estate clients include InfraRed, which James Sargent advised on closing a £500m real estate fund, and Castleforge Partners (formerly known as Mercer Real Estate Partners), which Sargent is advising on Castleforge Fund II, which has a target of $500m.

Next generation lawyers

James Sargent - Weil, Gotshal & Manges (London) LLP

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London: TMT (technology, media and telecoms)

Media and entertainment (including media finance)
Media and entertainment (including media finance) - ranked: tier 3

Weil, Gotshal & Manges (London) LLP

Weil, Gotshal & Manges (London) LLP‚Äôs cross-disciplinary and cross-office team is active across corporate, finance, litigation and restructuring mandates, and also handles employment, pensions, real estate, competition, antitrust, IP, technology and tax advice, and the team is particularly noted for its private equity expertise. Headline work includes advising Yahoo! on all the IP and technology aspects of the sale of its operating business to Verizon Communications, and advising Lego Systems in relation to the Toys ‚ÄúR‚ÄĚ Us company voluntary arrangement (CVA). Ingenious Media, Facebook, Hibu, eBay and Oracle are also clients. Barry Fishley¬†leads the technology and IP transactions team. Hannah Field-Lowes¬†has joined White & Case LLP.

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