Milbank‘s private credit practice is retained to advise clients from the technology, healthcare, infrastructure, media, and telecommunication industries, and advises on a variety of transactions encompassing holdco, debtor-in-possession, unitranche, asset-based loans and other financial instruments. The team is a port of call for major direct lenders, investors and private credit providers, and is well-regarded for their experience in multijurisdictional transactions involving esoteric asset classes and financial instruments. Marcus Dougherty, based in New York, directs the team, and is highly sought after for his 30 years’ experience in advising direct lenders in various multilien and unitranche facilities. Lauren Hanrahan includes among her portfolio of mandates domestic and cross-border financings, with a particular background in junior capital and asset-based loans. Charles Stern is well-regarded for his abilities in special situation financing, operating in a number of recapitalization, mezzanine and bridge facilities.
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Key clients
- Goldman Sachs & Co. (Asset Management Division)
- Jefferies
- Oak Hill
- Oaktree
- Atlantic Park
- Goldentree Asset Management
- Stone Point Credit Adviser
Work highlights
Advised the financing sources, including Oak Hill Advisors (“OHA”) and BMO Capital Markets (“BMO”), in connection with Carlyle’s (NASDAQ: CG) $1.5 billion acquisition of aftermarket automotive parts distributor Worldpac, Inc., a formerly wholly owned subsidiary of Advance Auto Parts, Inc. (NYSE: AAP). OHA and other lenders provided the unitranche financing facility, and BMO served as administrative agent on the company’s asset-based lending (“ABL”) facility.
Advised the financing sources in connection with General Atlantic’s take-private acquisition of London-based provider of digital learning and talent development services company Learning Technologies Group plc.
Advised the debt financing sources and their respective affiliates in connection with Haveli Investments’ $1.5 billion acquisition of Couchbase, Inc. (NASDAQ: BASE), a developer data platform for critical applications in AI.
Lawyers
Leading Individuals
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
Marcus Dougherty
Other key lawyers
Lauren Hanrahan; Charles Stern