Acting on its own as well as synergistically alongside the firm’s M&A, acquisition finance and capital markets teams, Simpson Thacher & Bartlett LLP advises a fairly balanced mix of debtors, investors and creditors on domestic and cross-border restructurings, involving often highly complex capital structures and a myriad stakeholders with competing interests. On the debtor front, the ‘technically robust’ team, which is headed by the well-respected Adam Gallagher, picks up a number of mandates for distressed portfolio companies of the firm’s private equity sponsor roster. The team also excels in handling ad-hoc committee work for banks and funds, as well as advising credit funds providing private capital in stressed situations. James Watson is highly skilled in overseeing both transactional – including special situation mandates – and formal insolvency matters, offering tailored solutions to a broad spectrum of creditor and debtor clients. Marc Hecht is also recommended and is gaining increased market visibility as a result of some recent high-profile mandates for debtors and bondholders.
Legal 500 Editorial commentary
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Profile

Profile

Work Department
Restructuring
Position

Adam Gallagher, one of the leading restructuring advisors in the London market, is Head of Simpson Thacher’s Restructuring team in London. With over two decades of experience, Adam advises clients across the stakeholder spectrum on complex cross-border stressed and distressed situations. He represents borrowers, private equity sponsors, directors, shareholders, financial institutions, credit funds and bondholders, as well as pension trustees, liquidators, receivers and administrators.

Career

Partner, joined the Firm in 2021.

Memberships
International Insolvency Institute American Bankruptcy Institute Institute for Turnaround New York Bar Association
Education

University of Huddersfield, LPC (1995); University of Huddersfield, LLB (1994).

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Testimonials

Collated independently by Legal 500 research team.

  • 'The team provides technically robust, pragmatically tailored and commercial advice on the most complex and pressured situations.’

    ‘Toby Smyth's client service, pragmatic and thoughtful solutions, and the deal leadership was exceptional.'

    'They have in my view the best team in the market and would be my go-to firm in any situation. The quality of advice is first-rate, the depth of team is good and availability and accessibility of key personnel throughout is excellent.'

    'Adam Gallagher is the lead partner whom I have worked with over the years. He is always available, gives clear and categorical advice and is excellent to have by my side in the trenches through complex and difficult situations.'

    'Simpson Thacher’s team provides technically robust, pragmatically tailored and commercial advice on the most complex and pressured situations.'

    'A pleasure to deal with. Technically excellent, but able to explain effectively.'

Key clients

  • Apax Partners Bank of America Barings BC Partners Blackstone Credit Blantyre Capital Centerbridge Partners DE Shaw & Co Farallon Capital Management Goldman Sachs J.P. Morgan Kohlberg Kravis Roberts & Co. Monarch Alternative Capital PIMCO Sculptor Capital Management SVP Strategic Value Partners TDR Capital TPG Angelo Gordon

Work highlights

Advising KKR on all aspects of its investment in the Accell Group, involving debt of €1.3bn.
Advised the ad hoc group of lenders under Cineworld’s $1.6bn term loan on the group’s restructuring.
Advising an ad hoc group of bondholders on the restructuring of Idorsia’s CHF1.3bn debt and new money need.