Linklaters LLP maintains a prominent presence in the high yield market, with a practice that is praised for its broad scope and versatility across issuer, sponsor, and underwriter work. Practice head Alexander Naidenov maintains strong relationships with leading financial sponsors and institutions. ‘Very smart, creative and commercial’, Giacomo Reali is noted for his precise execution and ability to navigate particularly complex deal dynamics. Christianne Williams brings additional strength in cross-border financings, particularly at the intersection of high yield and leveraged lending. Adriana Perez Cavazos is also recommended.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘Very hands-on and client-oriented with a pragmatic approach to find the most suitable solutions.’
‘Very approachable and fast in response, timed with high client attention.’
'There is quality at all levels of seniority in the team. It's always a pleasure working with them.’
‘The team is always available and provides excellent advice. They understand our business issues and are proactive. The team is very technical and always happy to help.’
‘Their high-yield practice has really been re-energized with Giacomo now playing such a crucial role for them. They are reliable, offering valuable insights and a deep understanding of the product.'
'For high-yield matters, we now institutionally turn to Giacomo when working with Linklaters. This year he has had an impressive track record leading on complex transactions and he has been phenomenal in those. He is supported by a capable team of lawyers who work efficiently with him and cohesively.'
‘Their team is led by Giacomo Reali and is highly professional, ensuring transactions run smoothly. They work efficiently and are very focused and driven.'
‘Giacomo Reali is an established player in this space. Very, very smart, creative and commercial. Always available on deals and all over the details without missing the bigger picture, a true deal maker. You can do extremely difficult deals with Giacomo, and he will always deliver.'
‘Giacomo Reali, who leads the HY practice at Linklaters, provided outstanding support and we valued his business acumen and legal insight. Linklaters provided straightforward and pragmatic advice. We genuinely appreciated their collaborative and well-coordinated approach, along with their clear commitment to delivering results even in a tight timeline.'
'The associates are also well-trained and very committed to the clients and add value at all levels. Beyond their skill as highly talented lawyers, they are a thoughtful and considerate team—exactly the kind of people you want to work with and have by your side.’
Key clients
- PAI Partners / Sanofi Consumer Health
- TAP Air Portugal
- ASK Chemicals
- WeBuild
- Almaviva
- United Group
- Harbour Energy
- ams-OSRAM
- Rino Mastrotto
- Assemblin Caverion Group
- Tereos
- Helios Towers
- Lottomatica
- Multiversity
- Fives Group
- Telecom Italia
- Neopharmed Gentili
- Cirsa
Work highlights
Represented the banks as dealer managers in connection with €5.5 billion equivalent concurrent Euro and USD offers to exchange respective existing euro and US dollar denominated notes with corresponding new notes issued by the relevant TIM Issuer that upon completion of the sale of TIM’s landline network assets to KKR.
Advised the initial purchasers on the issuance by Neopharmed Gentili (a portfolio company of Ardian and NB Renaissance) of two tranches of senior secured fixed and floating high yield notes, totalling €750million, as well as the entry into a new revolving credit facility.
Advised the underwriters on both the HY offering and revolving credit facility.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Practice head
Alexander Naidenov
Other key lawyers
Giacomo Reali; Christianne Williams; Adriana Perez Cavazos