Firms To Watch: Private equity: transactions – high-value deals (£500m+)

Fried, Frank, Harris, Shriver & Jacobson LLP‘s growing PE team was recently strengthened by the arrival of Goodwin trio Christian Iwasko, Michelle Tong, Priya Rupal, all of whom joined in March 2024. The practice is led by James Renahan, who works for sponsors, asset managers, and management teams on domestic and cross-border M&A, and Andrew Rearick, who is chiefly noted for his work on continuation fund transactions.

Private equity: transactions – high-value deals (£500m+) in London

Clifford Chance LLP

Lauded as an ‘excellent quality team with a deep bench of experienced practitioners’, Clifford Chance LLP advises marquee industry players across a host of international markets. Team head Spencer Baylin is routinely sought out by a host of global investment firms for his expertise in M&A, leveraged buyouts, public to privates and IPOs. Fellow co-head Jonny Myers – whose practice balances both PE and corporate finance – is highly experienced in multijurisdictional, multi-specialist transactions. Neil Barlow‘s substantial cross-border practice is especially concentrated in European and North Americans markets. Graham Phillips handles a wide array of transactions for a series of investment management firms and financial investors, while Neil Evans is a key relationship partner for the likes of KKR, Blackstone and The Carlyle Group. Other key figures include Shimin Lee, who was promoted to partner in May 2024. Christopher Sullivan left the firm in May 2024 to join Paul, Weiss, Rifkind, Wharton & Garrison LLP, while Oliver Marcuse joined in September 2024.

Responsables de la pratique:

Spencer Baylin; Jonny Myers


Autres avocats clés:

Neil Barlow; Graham Phillips; Neil Evans; Shimin Lee


Les références

‘Excellent quality team with a deep bench of experienced practitioners. Quality extends from the partner to the trainee.’

‘Spencer Baylin has unrivalled experience on a variety of transactions, structure and sectors. He has seen it all and brings a calm, commercial and practical solution to any issue. He can get any deal done.’

‘Very strong in relationships, really service oriented, and low ego. ’

Principaux clients

Ardian


Blackstone


Cinven


CVC Capital Partners


Elliott Advisors


EQT


KKR


Onex


Partners Group


Permira


Principaux dossiers


  • Advised Partners Group on its increased investment in Swiss watchmaker Breitling, alongside CVC.
  • Advised Permira on its acquisition of Acuity Knowledge Partners.
  • Advised Permira and the Founders of Alter Domus on the sale to, and formation of a strategic partnership with, Cinven in a deal valued at US$5.3bn.

Kirkland & Ellis International LLP

An ‘absolute powerhouse’ in the London market, Kirkland & Ellis International LLP continues to be leading name for sponsor-backed transactions, with a strong track record in take-privates and buyouts. David Higgins, who helms the group, has recently advised on a number of multi-billion dollar deals, including acquisitions and disposals. Fellow team head Stuart Boyd is praised as an 'exceptional dealmaker’ and is the key relationship lead to some of the firm’s most consequential financial sponsor clients. Matthew Elliott is a go-to in the practice for private equity-backed real estate deals, while Adrian Maguire is active on both public and private M&A, as well as disposals. Alvaro Membrillera joined from Paul, Weiss, Rifkind, Wharton & Garrison LLP in September 2023, and has subsequently advised on substantial deals in the telecoms and healthcare space. Roger Johnson, Niklas Ahlklo and Andreas Philipson all joined Paul, Weiss, Rifkind, Wharton & Garrison LLP in 2023.

Responsables de la pratique:

David Higgins; Matthew Elliott


Autres avocats clés:

Stuart Boyd; Adrian Maguire; Alvaro Membrillera


Les références

‘The Kirkland corporate team is an absolute powerhouse. It’s staffed with super smart and extremely experienced lawyers who get deals done. They are creative problem solvers who not only identify deal problems, but they propose a range of well thought out solutions, and steer the client to the appropriate way forward.’

‘Stuart Boyd is an exceptional deal maker. He brings gravitas and experience to the negotiating table alongside his technical excellence.’

‘We have a deep and trusting relationship with the Kirkland team who lead on vast majority of our legal work. They have an exceptionally strong team, high degree of technical skillset and professionalism, ability to navigate through wide range of complex situations, and the responsiveness and communication is first class. We continue to be impressed by their quality of work and commitment to deliver in any circumstances.’

Principaux clients

Advent International


Antin Infrastructure Partners


Apax


Bain Capital Private Equity


BC Partners


Blackstone


Brookfield


Cinven


EQT


GIC


Hellman & Friedman


KKR


Montagu Private Equity


Starwood Capital Group


TA Associates


Thoma Bravo


TDR Capital


TPG


Triton


Vista Equity Partners


Warburg Pincus


Principaux dossiers


  • Advising KKR on its €22 billion acquisition of Telecom Italia’s fixed access network.
  • Advised Apollo on its recommended all-cash acquisition of the entire issued, and to be issued, ordinary share capital of The Restaurant Group plc.
  • Advising Data4 and AXA IM – Real Assets on the c. €3.5 billion sale of Data4 to Brookfield Asset Management.

Latham & Watkins

Latham & Watkins‘ diverse and multi-specialist PE practice boasts an impressive list of market-leading financial sponsors and considerable sector coverage. Over the past year, the firm has handled a significant flow of UK take-privates, cross-border M&A, carve-outs, and disposals – many within the sports, fintech and life sciences spaces. Practice head Tom Evans is a highly proficient adviser who works with funds and financial investors across M&A, minority investments and disposals. Fellow co-head Thomas Forschbach is particularly well-regarded for his cross-border leveraged buyout work and is a key port-of-call to a host of international PE outfits. Mike Bond, a close adviser to Onex Partners, handles a number of consequential UK and European deals, while Paul Dolman, who possesses ‘great deal management skills’, has a strong track record in complex cross-border public to privates, restructurings, and leveraged acquisitions. Noted for his wide-ranging coverage, Kem Ihenacho handles international PE transactions for some of the firm’s largest global investment firm clients. David Walker ‘has a wealth of experience to bring to bear’ across a number of transactions, and Farah O’Brien’s tech and life sciences expertise ensures she’s sought out by an array of large and mid-cap sponsors. Linzi Thomas is a further name for cross-border M&A and PE work, while Huw Thomas is noted by clients as a ‘balanced and considerate thinker’. Katie Peek has increasingly taken a leading role advising premium PE houses and infrastructure funds on multi-billion dollar disposals and exits. Mateja Maher and Adrian Grocock joined from Sidley Austin LLP in August 2023, further bolstering the team’s investment fund capabilities.

Responsables de la pratique:

Tom Evans; Thomas Forschbach


Autres avocats clés:

Mike Bond; Paul Dolman; Tom Evans; Kem Ihenacho; David Walker; Farah O’Brien; Linzi Thomas; Huw Thomas; Katie Peek; Mateja Maher; Adrian Grocock


Les références

‘A very strong, broad based team with excellent market knowledge. Quick to react and able to bring a large team to a transaction. Have successfully grown their offering to cover something close to magic circle full service levels in all the practice areas that matter to us.’

‘David Walker is a senior statesperson in the industry, a balanced and fair negotiator with a wealth of experience to bring to bear.’

‘Huw Thomas is a balanced and considerate thinker.’

Principaux clients

ArchiMed


Astorg Partners


BC Partners


Blackstone


Bridgepoint


Brookfield


CPP Investments


Cinven


CPDQ


CVC Capital Partners


EQT


Equistone


Epiris


Francisco Partners


GIC


Global Infrastructure Partners


Goldman Sachs


GTCR


Helios Investment Partners


Hellman & Friedman


Inflexion


KKR


KSL Capital Partners


L Catterton


Leonard Green & Partners


Madison Dearborn Partners


Nordic Capital


OMERS Infrastructure


OTPP


One Rock


Onex Corporation


Partners Group


Permira


Platinum Equity


PSP Investments


Silver Lake Partners


Spectrum Equity


TA Associates


The Carlyle Group


TPG


Weil, Gotshal & Manges (London) LLP

Leveraging its deep team of highly experienced advisers, each with unique sector specialisms, Weil, Gotshal & Manges (London) LLP maintains a dominant position in the London PE market, acting for many of the foremost buyout houses, growth equity firms, pension funds, and impact investors. Highlighted by clients as ‘technically excellent’ and possessing ‘deep experience’, Marco Compagnoni fronts the practice, drawing on a broad skillset which is frequently utilised leading global funds. Jonathan Wood handles an array of PE transactions, including complex take-privates, strategic partnerships, and IPOs. Simon Lyell advises alternative investment managers, impact funds, and pension funds as part of a varied domestic and cross-border practice, while James Harvey ‘consistently delivers commercial and practical advice’ to financial sponsors engaged in buyouts, carve-outs, minority investments and exits. Lewis Blakey and Max Oppenheimer work for a host of global private equity firms – as well as their portfolio companies – on M&A, disposals and corporate restructurings. Martin Weatherston-Wilson was promoted to partner in January 2024.

Responsables de la pratique:

Marco Compagnoni


Autres avocats clés:

Jonathan Wood; Simon Lyell; James Harvey; Lewis Blakey; Max Oppenheimer; Max Weatherston-Wilson; Michael Francies


Les références

‘This is a very strong team with engaging, commercial lawyers with great experience and a can-do attitude. If you want a deal to succeed, this team will deliver.’

‘Marco Compagnoni is the preeminent lawyer in the team. He is the lawyer to pick if you have to get a deal done. His enormous energy, deep experience, charisma and personality will drive things forward. Marco is technically excellent, but also a peerless client lawyer. He is the top dog at Weil and will ensure that your deal is staffed with the A-team.’

‘The whole Weil team are our go-to legal firm for our most complex and high value legal matters. They have always exceeded expectations, are super responsive, and consequently have been our key legal advisers for over 20 years. The entire team is constantly fights our corner and the quality of advice is always second-to-none.’

Principaux clients

Px3


Advent International


Bain Capital


Providence Equity


Berkshire Partners


TPG


CVC


Aleph Capital


PAI Partners


FitzWalter Capital


Montagu Private Equity


Ardian


Clayton, Dubilier & Rice


One Investment Management


Oaktree Capital


Providence Strategic Growth


TCV


Blackstone Growth


General Atlantic


65 Equity Partners


Ontario Teachers’


OMERS


Public Sector Pension Investment Board


Canada Pension Plan Investment Board


Sun European Partners


A&M Capital Europe


Generation Investment Management


M&G Investment Management


Bain Capital Credit


Advent Tech


HIG Technology Partners


Bain Capital Tech Ops


Cobham


Kantar


Howden


Laird


Principaux dossiers


  • Advised General Atlantic on its investment in the Permira and Blackstone-led take-private of Oslo-listed Adevinta.
  • Advised the Barclay Family on the sale of the Telegraph and The Spectator newspapers to Abu Dhabi-based RedbirdIMI.
  • Advised Lone Star and MBCC Group on the sale of MBCC Group, the former BASF Construction Chemicals business, to a competitor in the construction chemicals industry, Sika for a consideration of €5.2bn.

Linklaters LLP

Able to advise on ‘the most complex transactions, particularly given the strength of their sector and specialists teams’, Linklaters LLP provides a full-service international offering to a host of stellar PE outfits. The team is steered by the highly experienced Alex Woodward, whose far-reaching expertise is trusted by an array of high-end financial sponsors. Co-chairing the team alongside Woodward, Ben Rodham‘s recent engagements include a number of multi-billion dollar buyouts, particularly in the UK and the Middle East. Chris Boycott handles public and private M&A across a wide range of sectors. Tracey Lochhead is particularly well-noted for her work in the banking and finance and mining spaces. A number of heavyweight financial sponsors rely on Daniel Law’s digital infrastructure capabilities, while Peter McCabe – who is also well-regarded for his infrastructure acumen – leverages previous in-house experience to advise on complex acquisitions and carve-outs. Alex Lehtinen‘s ever-growing M&A practice strongly features sponsor-backed public-to-privates. Ben Suen’s broad practice regularly sees him advising on cross-border deals in the healthcare, tech and infrastructure sectors. Genna Marten joined the firm from Travers Smith LLP in June 2023, while Will Aitken-Davies left the firm to join Paul, Weiss, Rifkind, Wharton & Garrison LLP in December 2023.

Responsables de la pratique:

Alex Woodward; Ben Rodham


Autres avocats clés:

Chris Boycott; Tracey Lochhead; Ben Suen; Daniel Law; Peter McCabe; Alex Lehtinen; Genna Marten; Andrew Lynch


Les références

‘They have a deep bench strength with quality operators right across the partner team.’

They provide wonderful client service – they are responsive, technically excellent, and always apply a commercial mindset and approach to their advice.’

‘They take time to build relationships of trust and partnership and understand every aspect of our organisation, including how we operate internally, which really helps to deliver transactions where multiple stakeholders need to be brought in line.’

Principaux clients

Ardian


Apax


Apollo


Blackstone


BC Partners


Brookfield


Carlyle


CDPQ


Cerberus


CPPIB


DigitalBridge


GIC


Global Infrastructure Partners


Hg


iCON Infrastructure


I Squared Capital


KKR


Montagu Private Equity


Oaktree


Ontario Teachers’ Pension Plan


OPTrust


PAI Partners


Permira


PSP Investments


TDR Capital


Telemos


TPG


Triton


Principaux dossiers


  • Advised Brookfield on its recommended cash offer for Network International Holdings Plc.
  • Advised Hg on the raising of a new investment by Visma, a leading provider of cloud software in Europe and Latin-America, valuing Visma at €19bn.
  • Advised Carlyle on the acquisition of Anthesis.

Simpson Thacher & Bartlett LLP

Regularly working with some of the world's most prestigious private equity firms, Simpson Thacher & Bartlett LLP demonstrates its deep sector specialism as it handles a wide variety of complex, pan-European transactions. Ben Spiers, who spearheads the group, has recently overseen large takeovers in the real estate sector, while James Howe is a key contact for Silver Lake, handling multi-billion dollar public takeovers and investments. Geoffrey Bailhache leverages his previous in-house experience at the firm to advise Blackstone and its various business arms, covering infrastructure and life sciences, among other fields. Clare Gaskell maintains a substantial cross-border practice; her public and private M&A expertise is complemented by her capital markets acumen. Amy Mahon is highly regarded in the infrastructure space for her work with sophisticated investors like KKR and EQT. Adam Signy‘s expertise covers M&A, PE and equity capital market transactions, and Christopher Vallance routinely advises on high-value deals across myriad sectors, from fintech and technology to consumer goods and retail. James Campisi and Paul Foote were both promoted to partner in January 2024.

Responsables de la pratique:

Ben Spiers


Autres avocats clés:

James Howe; Geoffrey Bailhache; Clare Gaskell; Amy Mahon; Adam Signy; Christopher Vallance; James Campisi; Paul Foote; Wheatly MacNamara


Principaux clients

Apax Partners


Apollo Global Management


Blackstone


Bridgepoint Group plc


Bruin Capital


Corsair Capital


CVC Capital Partners


Hellman & Friedman


H.I.G Capital


EQT


Kohlberg Kravis Roberts & Co.


LetterOne Investments


Lonestar


Oakley Capital


Silver Lake


Technology Crossover Ventures


Principaux dossiers


  • Represented affiliates of KKR in its recommended offer to acquire the entire issued and to be issued share capital of Smart Metering Systems plc.
  • Represented Silver Lake on its public takeover offer for all of the shares of Software Aktiengesellschaft.
  • Represented Blackstone Capital Partners on the acquisition of Civica from Partners Group.

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP is on an upward trajectory as it continues its push on the London PE market through strategic lateral hires, recently adding Kirkland & Ellis International LLP partner Andreas Philipson, Linklaters LLP duo Dan Schuster-Woldan and Rohan Dey, and Clifford Chance LLP dealmaker Christopher Sullivan. These new arrivals join a team led by Roger Johnson, lauded as ‘one of the best lawyers in the industry’, and former Linklaters partner Will Aitken-Davies, a highly skilled cross-border adviser.  The team was further strengthened by the September 2024 arrival of Clifford Chance LLP’s Oliver Marcuse  and the addition of former Kirkland partner David Holdsworth , who joined the practice after a stint as GC at TDR Capital. Ramy Wahbeh and Kaisa Kuusk left the firm to join Sidley Austin LLP in May 2023, while Alvaro Membrillera and Adam Wollstein moved to Kirkland & Ellis International LLP in August 2023.

Responsables de la pratique:

Roger Johnson; Will Aitken-Davies; Christopher Sullivan; Dan Schuster-Woldan


Autres avocats clés:

Andreas Philipson; John Patten; Rohan Dey; David Holdsworth


Les références

‘Excellent people, very strong commercial understand and good collaboration.’

‘Roger Johnson is simply the best. Andreas Philipson is an up-and-coming new star.’

‘Roger Johnson is one of the best lawyers in the industry.’

Principaux clients

Apollo Global Management


Bain Capital


Blackrock


Cinven


Clayton, Dubilier & Rice


EQT Partners


Francisco Partners


General Atlantic


HIG Capital


I Squared Capital


KPS Capital Partners


L-GAM


Oak Hill Capital


Ontario Teachers’ Pension Plan


Permira


Summit Partners


TDR


Triton Partners


Vitruvian Partners


Principaux dossiers


Ropes & Gray LLP

A firm with ‘great capabilities’ and the ability to be ‘hyperlocal in their knowledge of European transactions’, Ropes & Gray LLP handles sponsor-side M&A, carve-outs, demergers and sell-side transactions for a wide pool of clients, with a notable focus on the healthcare and education sectors. Angela Becker brings extensive transactional capabilities to the fore on a host of cross-border acquisitions and disposals, while the ‘outstanding’ Helen Croke is praised for having a ‘brilliant legal mind’ and for being ‘truly client-oriented’. Shona Ha and Victoria McGrath provide transactional and corporate law advice to a host of asset managers, financial sponsors and corporates, while John Newton is noted for his M&A and venture capital work in the healthcare, life sciences and TMT spaces. Dan Oates handles leveraged buyouts, public-to-privates and disposals across a swathe of sectors; IT and software are key focus areas in recent months. Simon Saitowitz and Elizabeth Todd are further names of note for UK and cross-border transactions. Paul Armstrong joined the team from Permira in January 2024, bringing further M&A and IPO expertise to the practice.

Autres avocats clés:

Angela Becker; Helen Croke; Victoria McGrath; John Newton; Dan Oates; Simon Saitowitz; Elizabeth Todd; Paul Armstrong


Les références

‘Ropes has great capabilities and international reach. As a US buyout firm, we appreciate their ability to be hyperlocal in their knowledge of European transactions but also overlay local approaches with what we need and how we think about transactions in the US. They have great specialists and wonderful junior talent as well, in addition to world-class partners.’

‘Helen Croke is truly outstanding. The best lawyer that I have worked with in my career. I have worked extensively with her on all of my transactions in Europe for over 10 years, across multiple European jurisdictions. She is extremely intelligent and a brilliant legal mind but also very commercial and user-friendly for financial sponsors. She is truly client-oriented and one of the hardest working lawyers I have ever met.’

Principaux clients

3i


Advent International


AEA Investors


Altamont Capital


American Industrial Partners


Aquiline Capital Partners


Arsenal Capital Management


Astorg


Athyrium


Audax Group


Averna Capital


Avista Capital Partners


Baillie Gifford


Bain Capital


BPEA EQT (now known as EQT Private Equity Asia)


Bridgepoint


British International Investment (formerly CDC)


BV Investment Partners


Cambridge Information Group


Carlyle


Cathexis


Charlesbank Capital Partners


Cove Hill


Crosspoint Capital


CVC Capital


Dragoneer Investments


Exponent


FinDev Canada


Francisco Partners


Generation Investment Management


Genstar Capital


GHO Capital


GI Partners


GIC


HIG Capital


IK Partners


Inflexion


Intermediate Capital Group


Keyframe Capital


Lee Equity


NaMa Capital


Natixis


Nature Infrastructure Capital


New Mountain Capital


Nordic Capital


Northpond Ventures


Oakley Partners


PAI Partners


Partners Group


PIMCO


Sands Capital


Silver Lake Partners


Summit Partners


Sixth Street


TPG


TriArtisan Capital


TSG Consumer Partners


Vision Ridge Partners


Welsh, Carson, Anderson & Stowe


Principaux dossiers


  • Advised BPEA Private Equity Fund VIII in partnership with its portfolio company, Tricor, on the merger of Vistra with Tricor in a transaction which values the combined company at an enterprise value of USD 6.5bn.
  • Advised Astorg on the completed planned demerger of Fastmarkets from Delinian.
  • Advised TPG Capital in its USD 1.4bn acquisition of Nextech from Thomas H. Lee Partners.

Sidley Austin LLP

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.

Responsables de la pratique:

Thomas Thesing; Ramy Wahbeh


Autres avocats clés:

Kasia Kuusk; Adam Runcorn


Principaux 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


Principaux dossiers


  • 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.

Skadden, Arps, Slate, Meagher & Flom (UK) LLP

Skadden, Arps, Slate, Meagher & Flom (UK) LLP supports clients across the full range of M&A and PE deals, complementing its transactional prowess with expert knowledge across a multitude of sectors. Practice head Richard Youle is routinely engaged by financial sponsors and their portfolio companies, with recent highlights including high-end mandates in infrastructure, IT and software, and financial services. Co-head of the firm’s UK corporate practice, Katja Butler is praised as ‘dynamic, effervescent, and relentlessly positive’, advising on a wealth of transactions, including strategic bolt-ons, reinvestments, and disposals. Steven Hannah’s considerable sector breadth and ability to oversee complex leveraged buyouts, investments and disposals ensures that he is sought out by an array of European and global PE outfits, while Sandro de Bernardini is praised as ‘proactive, knowledgeable, and very practical in his approach.’ George Gray’s practice balances both domestic and cross-border deals, as well as instructions related to corporate governance. Noted for her experience working with funds and sovereign-wealth backed investors, Emma Ghaffari joined the team from A&O Shearman in July 2023.

Responsables de la pratique:

Richard Youle


Autres avocats clés:

Katja Butler; Steven Hannah; Sandro de Bernardini; George Gray; Emma Ghaffari


Les références

‘A leading team of business-sensitive, commercial, dynamic and creative professionals. They are well keyed into the market, and its important players.’

‘Katja Butler is dynamic, effervescent, and relentlessly positive; a force in getting the deal over the line, while providing nuanced counsel.’

‘A very cohesive team with initiative and great associates base. It shows also that associates are empowered to make decisions, when appropriate, without partners involvement. Also have good knowledge and use of technology.’

Principaux clients

Hg


I Squared Capital


Castik Capital


JAB Holding Company


BlackRock


InvestIndustrial


H.I.G. Capital


Permira


TPG


Black Diamond Capital


Montagu


Principaux dossiers


  • Advising Hg on its investment in IRIS Software by Leonard Green & Partners at an enterprise value of around $4bn, and the negotiation of consortium terms going forward.
  • Advising I Squared Capital on the acquisition of Arriva from Deutsche Bahn AG.
  • Advising Hg Saturn 3 on its investment in Visma.

A&O Shearman

Responsables de la pratique:

Simon Burrows


Principaux clients

Paramount Global


AlbaCore Capital LLP


BlackRock


Goldman Sachs


Canada Pension Plan Investment Board


Principaux dossiers


  • Paramount Global on the sale of Simon & Schuster to KKR for $1.62 billion in an all-cash transaction.

Cleary Gottlieb Steen & Hamilton

Cleary Gottlieb Steen & Hamilton made a significant impression on the London market in 2023 through the hire of new team head Ian Shawyer, a highly experienced practitioner who joined in May from Travers Smith LLP. Shawyer is noted for his skill in leveraged buyouts and bolt-on acquisitions, working with a host of multinational financial sponsors and their portfolio companies. Co-head Mike Preston serves a number of these PE outfits, and is particularly well-known for his work in emerging markets. Gabriele Antonazzo draws strong praise from clients, who regard him as ‘a standout partner in the M&A private equity practice in the UK due to his extensive experience and expertise in handling complex cross-border transactions.Christy O’Connell handles acquisitions, restructurings and disposals across an array of sectors, advising on a number of significant banking and finance transactions in recent months. Chris Gollop is a crucial supporting presence on a number of the team's mandates.

Responsables de la pratique:

Ian Shawyer; Michael Preston


Autres avocats clés:

Gabriele Antonazzo; Christy O’Connell; Chris Gollop


Les références

‘Very high standards of excellence consistently across the firm, whichever lawyer you deal with. Strong partnership culture.’

‘Very dedicated to the client, very competent, and very thoughtful. You feel reassured that they really have your back.’

‘Cleary stands out in the field of cross-border M&A private equity services due to the team’s extensive experience in navigating complex international transactions. The attorneys have a deep understanding of the legal and regulatory frameworks in multiple jurisdictions, allowing them to provide comprehensive and strategic advice to the clients.’

‘As a long-term client of the firm, we are impressed by the team’s track record of successfully executing cross-border M&A deals, as well as the ability to anticipate and mitigate potential challenges that may arise during the process. Their strengths lie in the ability to seamlessly coordinate with legal and financial professionals in different countries, ensuring a smooth and efficient transaction for the clients.’

‘Gabriele Antonazzo is a standout partner in the M&A private equity practice in the UK due to his extensive experience and expertise in handling complex cross-border transactions. With a strong background in corporate law and private equity, Gabriele has a deep understanding of the legal and regulatory landscape in the UK and internationally.’

‘Gabriele Antonazzo’s key strengths lie in his ability to provide strategic and commercially-focused advice to his clients, guiding them through every stage of the transaction process with precision and efficiency. His track record of successfully executing high-profile MA deals in the private equity sector speaks to his exceptional negotiation skills and ability to navigate challenging legal issues.’

‘Gabriele Antonazzo is known for his collaborative approach, working closely with clients and colleagues to develop innovative solutions that meet their specific needs and objectives. His dedication to providing top-tier legal services, combined with his strong communication skills and attention to detail, make him a trusted adviser to clients seeking expert guidance in the private equity space.’

Principaux clients

Bridgepoint


Cerberus Capital Management


British International Investment


TPG Capital, TPG Growth, TPG Asia


Hayfin Capital Management


Warburg Pincus


Sixth Street


Oaktree


Ontario Teachers’ Pension Plan


Temasek


Exponent Private Equity


Principaux dossiers


  • Advised Cerberus Capital Management and its portfolio company My Money Group in the acquisition of HSBC’s retail banking business in France.
  • Advised Warburg Pincus and its portfolio company Infinite Electronics, in two large add-on acquisitions, Cable Connectivity Group and Bulgin.
  • Advised TPG Capital on a new investment in UPL Sustainable Agri Solutions Limited.

Gibson, Dunn & Crutcher

A ‘knowledgeable and professional’ team that is ‘able to manage complex transactions pragmatically and effectively’, Gibson, Dunn & Crutcher showcases significant sector strength in real estate and infrastructure, as well as a growing presence in the education sector. Co-chair of the firm’s European PE group, Wim De Vlieger presides over complex cross-border transactions. Co-head Federico Fruhbeck is the key contact for infrastructure-related PE deals, often working closely with KKR. Till Lefranc has a strong book of work in the tech, healthcare and life sciences spaces, handling a range of acquisitions, divestments and management equity arrangements, while Mark Sperotto’s practice balances M&A and corporate finance work. Nick Tomlinson is a key name in the group for growth capital deals, as well as international capital raisings and investment banking advisory work. Alice Brogi also comes recommended for her transactional skill in the infrastructure sector.

Responsables de la pratique:

Wim De Vlieger; Federico Fruhbeck


Autres avocats clés:

Till Lefranc; Mark Sperotto; Nick Tomlinson; Alice Brogi; Will Summers


Les références

‘The team is very client focused and responsive. They are knowledgeable and professional and are able to manage complex transactions pragmatically and effectively.’

 

Principaux clients

KKR


Cinven


Platinum Equity


Investcorp


Elliott Investment Management


RedBird Capital


Veritas Capital


Aurora Capital


IPI Partners


Liberty Hall Capital Partners


Principaux dossiers


Milbank

Milbank‘s private equity team works with an ever-growing list of clients in connection with cross-border public and private M&A, fund management, and exits. Team head Andrej Wolf has a strong track record of working alongside some of the world's foremost financial sponsors and asset managers, handling multijurisdictional acquisitions and disposals, secondaries, carve-outs and restructurings. Co-head Jordan Simpson acts across the full spectrum of PE transactions and has recently advised on complex deals in growing areas such as edtech and sports, while James McClymont, who also maintains a broad practice, demonstrates engagement in the healthcare, insurance and luxury consumer space. Lara Watt is a popular choice for a number of mid-market stalwarts, and has deep experience advising on primary and secondary buyouts, bolt-ons, and carve-outs.

Responsables de la pratique:

Andrej Wolf; Jordan Simpson


Autres avocats clés:

James McClymont; Lara Watt; Paul Buchan; Jamie Duncan; Catriona Mather


Les références

‘Excellent PE expertise. Great communication and expectation management. Very commercial and yet practical.’

‘Jordan Simpson is very knowledgeable and responsive and has a large and very quick legal brain. Robbie Hay has potential star quality and a great manner.’

‘Do whatever it takes to get the job done. Excellent PE skills and expertise, and able to impart this in a clear and transparent manner.’

Principaux clients

A&M Capital Europe


Cerberus European Investments


Charterhouse Capital Partners


Compass Partners


Intermediate Capital Group


Investindustrial


PAI Partners


Park Square Capital


Stirling Square Capital Partners


Strategic Value Partners


Summit Partners


Sun European Partners


The Carlyle Group


Värde Partners


Vitruvian Partners


Principaux dossiers


  • Representing Vitruvian Partners, on the sale of IFGL to Cinven.
  • Representing Strategic Value Partners on its acquisition of APCOA from Centerbridge.
  • Representing Stirling Square on the sale of Outcomes First to TPG Rise.

White & Case LLP

White & Case LLP‘s ‘highly experienced, commercial and pragmatic’ team works with a broad client base that includes pure-play financial sponsors, infrastructure funds, growth capital outfits, and sovereign-backed investors. EMEA PE head Lucy Bullock – who also spearheads the firm’s portfolio company advisory team – maintains close connections with market-leading sponsors, overseeing a number of take-privates and disposals. London PE head Richard Jones has strong expertise in the energy, real estate, and financial services sectors, and Ross Allardice is praised for his excellent project management skills, handling an array of M&A and management equity arrangements for some of the firm’s leading PE clients. Ken Barry is active on cross-border leveraged buyouts, carve-outs, restructurings, and disposals, while Ben von Maur comes recommended for his transactional skill. Emily Brown and Lavanya Raghavan joined from Ropes & Gray LLP in 2024, further strengthening the firm’s fund formation and secondaries offering.

 

 

Responsables de la pratique:

Lucy Bullock; Richard Jones


Autres avocats clés:

Ross Allardice; Ken Barry; Ben von Maur; Emily Brown; Lavanya Raghavan


Les références

‘Ability to pull in experts in many areas from many geographies at short notice, with the right experience and market insight.’

‘Highly experienced, commercial and pragmatic to work with. They have a broad global perspective and are well aware of different market practices in different markets.’

‘The team stood out due to their superior quality of service, fast and efficient execution, and high client-centricity.’

Principaux clients

Advent


Anchorage Capital Group


Antin Infrastructure Partners


Arjun Infrastructure


Blackstone


Caisse de dépôt et placement du Québec


The Carlyle Group


CVC Capital Partners


EQT


Eurazeo


Goldman Sachs


GIC


Macquarie Group


MidEuropa


Motive Partners


Nordic Capital


Oaktree


Providence Equity Partners


QIA


Softbank


Triton Partners


Willkie Farr & Gallagher (UK) LLP

A ‘broad team with diverse expertise’, Willkie Farr & Gallagher (UK) LLP draws on its strong European platform as it works with multinational sponsors and their portfolio companies, handling a significant volume of complex public and private M&A. Team head Gavin Gordon has an established transactional practice with a recent strong track record in big-ticket take-privates and leveraged buyouts. Claire McDaid acts for a trusted pool of clients in domestic and cross-border transactions, handling private M&A, growth equity, recapitilisations, and distressed deals. David Arnold and Andrew Gray are lauded as ‘exceptional’; the duo are chiefly noted for their skill in European and North American buyouts, M&A, divestments, restructurings and capital raises. Philip Coletto is often called upon by some of the firm’s largest PE clients, especially concerning deals in the financial services and tech sectors.

Responsables de la pratique:

Gavin Gordon


Autres avocats clés:

Claire McDaid; David Arnold; Philip Coletto; Andrew Gray


Les références

‘We rely on Willkie to help execute our most complicated multijurisdictional transactions. David Arnold and Andy Gray are experienced lawyers who deliver exceptional client service, know the market and oversee a wider team that gets our deals done.’

‘They are readily available and a close partner on all things transaction related, but also day-to-day portfolio legal matters.’

‘Broad team with diverse expertise.’

Principaux clients

Briarwood Capital


CapVest Partners


CVC Capital Partners


Freshstream Investment Partners


Genstar Capital


Insight Partners


Levine Leichtman Capital Partners


PAI Partners


Searchlight Capital Partners


Warburg Pincus


Principaux dossiers


  • Advised CapVest in connection with a leveraged buyout involving the acquisition of Kerridge Commercial Systems from the seller, Accel-KKR.
  • Advised CVC Capital Partners in relation to its portfolio company Cooper Consumer Health acquiring the over-the-counter business of Viatris.
  • Advised EMG, a PAI portfolio company, on its combination with Gravity Media.

Baker McKenzie

‘A global team with deep expertise in many sectors’, Baker McKenzie LLP works with a range of sponsor clients on corporate, finance,and  regulatory work. A key contact for financial sponsors, funds and management teams, practice head David Allen maintains a global transactional offering. Karen Guch is a highly active adviser on cross-border deals, who is well-placed to advise on high-value leveraged buyouts, minority investments and disposals. Boasting a solid track record in IT and software-driven mandates, Justin Hutchinson has a growing client base of mid- and large-cap private equity outfits, while the ‘incredible’ Alex Lewis is noted for his private M&A, joint venture, and exit work. Nick Rainsford is noted for his strength in infrastructure and telecoms deals.

Responsables de la pratique:

David Allen


Autres avocats clés:

Karen Guch; Justin Hutchinson; Alex Lewis; Nick Rainsford


Les références

‘Very strong coverage of senior partners.’

‘A global team with deep expertise in many sectors.’

‘Alex Lewis is incredible ’

Principaux clients

Platinum Equity


Bain Capital


KKR


Apollo Global Management


Silver Lake Capital Partners


EQT


APG


CVC


The Rohatyn Group (formerly called CVCI)


Fiera Capital


Nordic Capital


Astorg


Bluegem Capital


Core Equity


Kohlberg


OpenGate Capital


Corten Capital


H.I.G.


Brookfield


Staple Street Capital


Principaux dossiers


  • Advised Astorg on its acquisition of a majority stake in Sofico.
  • Acting for APG in respect of its proposed acquisition of a 20% stake in euNetworks from Stonepeak.
  • Advised EQT on its aborted bid to acquire a more than 45% stake in Groupe Atlantic from the Lamoure family.

Debevoise & Plimpton LLP

Sitting within the firm's wider European platform, Debevoise & Plimpton LLP‘s London team handles multijurisdictional M&A for a range of financial sponsors and investors, with a particular focus on emerging markets. Katherine Ashton, who leads the private fund transactions group, is well-equipped to advise on M&A, secondaries, fund restructurings and recapitalisations. The US-qualified (New York) E Raman Bet-Mansour co-leads the team, supporting private equity groups and their portfolio companies across a range of domestic and cross-border transactions - particularly those involving European markets. Co-head Dominic Blaxill oversees public and private M&A, capital raises, and corporate advisory instructions, while co-head Geoffrey Burgess brings financing and venture capital capabilities to the fore on a series of mandates.

Responsables de la pratique:

Katherine Ashton; E. Raman Bet-Mansour; Dominic Blaxill; Geoffrey Burgess


Les références

‘A premier global private equity practice with an excellent offering out of its London office.’

‘The team are proactive and respond to requests promptly. They are able to draw on experts from different jurisdictions who attend calls well briefed to assist with the matter at hand. The team has real quality in depth, meaning there is confidence in relying on even the most junior of associates.’

Principaux clients

Zhongzhi Enterprise Group


TransDev


Glendower Capital


Schneider Electric


Richter


Apera Asset Management


Pantheon Ventures


Evercare Group


Development Partners International


Helios Investment Partners


Prudential Financial


Triple Hold Co. Limited


Principaux dossiers


  • Advised Zhongzhi Enterprise Group in the sale of a controlling stake in Aqseptence Group to funds managed by Oaktree Capital Management.
  • Advising Transdev in its acquisition of First Transit.
  • Advised Apera Asset Management LLP on an investment made by Kudu Investment Management LLC into an affiliate of Apera.

Dechert LLP

A ‘highly capable and commercial team’, Dechert LLP advises clients across the full investment life cycle, from fund formation and financing to restructurings and exits. The firm handles transactions across a number of sectors, with an especially strong track record in tech deals. Philip Butler is particularly noted for his debt finance practice. Fellow co-head Christopher Field also provides a range of funds with financing support alongside M&A expertise; cross-border carve-outs are a noteworthy niche. Sam Whittaker represents a wealth of funds, asset managers and investment firms in all manner of transactions, while Mark Evans is praised as ‘very commercial and talented in cutting through complex issues to find a solution.Jodie Valler-Feltham and Jamal Tuhin are also recommended.

Responsables de la pratique:

Philip Butler; Christopher Field


Autres avocats clés:

Sam Whittaker; Mark Evans; Jodie Valler-Feltham; Jamal Tuhin


Les références

‘Very knowledgeable and business-oriented.’

‘Client-oriented and prompt in addressing complicated matters.’

‘Highly capable and commercial team. Would hire them in connection with complex transactions, in particular complex shareholder arrangements.’

Principaux clients

Ares Management Limited


ARK Invest


Blackstone


Brookfield Asset Management


Columna Capital


Equitix


Estancia Capital Management


Further Global Capital Management


GIC


Graham Partners


KKR


M1 Group


Metric Capital Partners


MidEuropa Partners


Quilvest Capital Partners


Principaux dossiers


  • Advised GIC, as part of a consortium led by Blackstone that includes GIC and Canada Pension Plan Investment Board, on (i) the consortium’s partial sale of a 4% stake in London Stock Exchange Group plc (LSEG) to Microsoft; and (ii) its share buyback by the LSEG.
  • Advised Graham Partners on its acquisition of Taoglas Group Holdings.
  • Acted as legal counsel to GIC on its investment in the Quantexa group, valuing the group at approximately $1.8bn.

Goodwin

‘A strong team with a good depth of knowledge’, Goodwin combines M&A and PE expertise with embedded European and US debt finance skill to serve a growing roster of financial sponsors, funds and management teams across a range of sectors. Regularly engaged on a number of complex domestic and cross-border transactions, practice head Richard Lever is noted for his M&A, corporate finance, and investment fund work. A diverse roster of clients turn to James Grimwood for substantial leveraged buyouts, minority investments, joint ventures, and venture growth deals. Gemma Roberts is praised as an ‘outstanding lawyer’ with a far-reaching transactional practice, while Michael Miranda has recently added a series of cross-border disposals to an already varied deal sheet. Carl Bradshaw also comes recommended for his multi-sector specialism and his skill in financial restructuring. Christian Iwasko, Michelle Tong, and Priya Rupal left to join Fried, Frank, Harris, Shriver & Jacobson LLP in March 2024.

Responsables de la pratique:

Richard Lever


Autres avocats clés:

James Grimwood; Gemma Roberts; Michael Miranda; Carl Bradshaw


Les références

‘A strong team with a good depth of knowledge. A well-resourced and diverse team.’

‘Gemma Roberts is an outstanding lawyer.’

Principaux clients

Accel-KKR


Aurelius Investments Limited


Bregal Investments


Canopy Growth


ECI Partners


Lloyds Development Capital


G Square Private Equity


Graphite Capital Management


H.I.G. Capital


Kreos Capital


Mayfair Equity Partners


McWin


TA Associates


Warburg Pincus


Principaux dossiers


  • Advised TA Associates and Warburg Pincus on their agreement to jointly acquire a majority stake in Epassi Group from majority shareholder Bregal Milestone.
  • Advised Accel-KKR on its acquisition of a stake in StoreForce.
  • Advised H.I.G. Capital on its acquisition of CLC Group from its owner the Armitage Family Trust and various employee shareholders.

Macfarlanes LLP

Increasingly active in the secondaries market, Macfarlanes LLP‘s ‘exceptional‘ buyout practice is routinely sought out by domestic and multinational financial sponsors and investors. Practice head Alex Edmondson, who also co-leads the firm’s technology practice group, is praised for his ability to ‘get to grips with the most complex of situations’ and showcases particular skill in sponsor-side M&A. Stephen Drewitt has a similarly strong sponsor-focused practice and is especially strong in domestic PE transactions. Alexander Green is a go-to figure in the team for secondaries and GP-led restructurings, while Jessica Adam heads up the firm’s management advisory practice. Stephen Pike –  noted for his growing track record in secondaries – provides transactional advice to a wide range of clients.

Responsables de la pratique:

Alex Edmondson


Autres avocats clés:

Stephen Drewitt; Jessica Adam; Alexander Green; Stephen Pike


Les références

‘Macfarlanes are strong across the board in their mid-market team. There is consistency of personnel, a seamless combination of banking, acquisition and equity capabilities and diligence is done in-house.  Macfarlanes establish long term relationships and are highly experienced lawyers.’

‘Stephen Drewitt was unflappable and highly experienced, capable of making a client’s life easier by focusing on the key value points that clients should be concerned.’

‘The practice group consistently provides us with exceptional service. We always get terrific partner engagement, availability and amazing advice and service regardless of how complex the particular matter may be.’

Principaux clients

Alchemy Partners


Caledonia Private Capital


J.C. Flowers & Co


Bowmark Capital


Epiris


Exponent Private Equity


Mayfair Equity Partners


Graphite Capital


Charme Capital Partners


KPS Capital Partners


Partners Group and Duke Street


Tulchan


Crestline Management LP


Principaux dossiers


  • Advised GHO Capital Fund II LP on the English law aspects of its transfer of Sterling.
  • Advised client Hayfin Capital Management on the sale of Autovista Group to J.D. Power.
  • Advised Caledonia on the sale of Seven Investment Managementn to Ontario Teachers’ Pension Plan Board.

Proskauer Rose LLP

Proskauer Rose LLP is a praised for its ‘fantastic delivery high quality and highly commercially-focused advice’ on an array of large-cap and mid-market instructions. Practice head Steven Davis is a highly experienced PE adviser who is regularly called upon by a core group of funds for complex M&A. Renowned for his private M&A expertise, Richard Bull is praised for the ‘genuinely exceptional client care he provides.’ Maintaining a broad sector focus, Andrew Wingfield‘s recent workload includes minority and majority investments, disposals and bolt-ons. Wingfield often advises alongside the ‘incredibly professional and commercial’ Liam Arthur. Adam Creed is a key member of the private capital team who also plays an active role in the firm’s sports group, while Rebecca Villarreal is skilled at cross-border buyouts for global funds and investors.

Responsables de la pratique:

Steven Davis


Autres avocats clés:

Richard Bull; Andrew Wingfield; Liam Arthur; Adam Creed; Rebecca Villareal


Les références

‘We work with an exceptional corporate team at Proskauer. They do a fantastic job of delivery high-quality and highly commercially-focused advice, adding enormous value to every deal. They have strong technical and commercial skills, but are also highly skilled at managing different stakeholder personalities, bringing people together and calming stressful situations.’

‘The team are always willing to go the extra step, talk things through, pivot and quickly think outside the box if we want to approach something in a new way. This ethos permeates from the partners down and I feel comfortable calling anyone in a pinch. That said, our key relationship contact is Richard Bull and we consider him genuinely exceptional in the client care he provides.’

‘Great team that is always attentive and well staffed, and quickly jumps on new transactions and gets up to speed.’

Principaux clients

Charterhouse Capital


AnaCap


Ares Management


Cap10 Partners


ICG


Investcorp


Lovell Minnick Partners


Pollen Street Capital


Rubicon Partners


Exponent Private Equity


Principaux dossiers


  • Advised on Tikehau’s £400mn minority investment in Anthesis on behalf of its funds under management.
  • Advised ICG on its acquisition of Direct Ferries.
  • Advised Cap10 Partners on the acquisition and related financing of Sureserve Group plc.

Slaughter and May

Particularly noted for its expertise in the financial services industry, Slaughter and May continues to build its dedicated private equity practice under the stewardship of Harry Bacon and Filippo de Falco, working with an ever-growing roster of sponsors on domestic and cross-border transactions. Both Bacon and de Falco advise widely on public and private M&A, reorganisations, governance matters, disposals, and IPOs. Robin Ogle works closely with market-leading infrastructure funds on a host of acquisitions and sales in the energy and infrastructure sectors, while Aleezeh Liaqat - who was promoted to partner in March 2024 - has latterly co-led on a number of the team's most consequential transactions.

Responsables de la pratique:

Harry Bacon; Filippo de Falco


Autres avocats clés:

Robin Ogle; Aleezeh Liaqat


Principaux clients

Apollo Global Management


BlackRock


Blackstone Tactical Opportunities


Corsair Capital


Fortress Investment Group LLC


GHO Capital


HPS Investment Partners


Inflexion Private Equity Partners LLP


Investindustrial


Palamon Capital Partners


Pollen Street Capital


Trill Impact


Varde Partners


Principaux dossiers


  • Advising BlackRock Diversified Infrastructure Funds Group and KKR’s Global Infrastructure Investors Fund III on their joint disposal of 100% of their respective indirect interests in ADNOC Oil Pipelines LLC for aggregate consideration of approximately $1bn.
  • Advised Pollen Street and its portfolio company Markerstudy Group on its £2.5bn merger with the Atlanta Group.
  • Advised Iridium Investments Two Limited and the trustees of his family trust on the lifecycle of their investment in the House of Creed perfume business, from their investment in 2020 to ultimate exit as part of a sale of the business to Kering which completed in October 2023.

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP‘s ascendent London PE team is well-placed to advise on a range of international transactions, utilising its bench of UK and US-qualified lawyers – as well as its dedicated leverage finance and high yield specialists – to cover large-cap buyouts, carve-outs and disposals. Team head Karan Dinamani handles deals for some of the market’s foremost financial sponsors and investors, with a great deal of experience built up in various sectors including financial services, healthcare and tech, among others. Richard Pollack, managing partner of the London office, advises a host of funds and asset managers on cross-border M&A transactions, while Jeremy Kutner has latterly been highly active across a range of practice mandates, including in large-scale acquisitions, investments, and IPOs. Ben Perry has recently worked on high-end deals in the infrastructure sector. Robert Kearns joined from Freshfields Bruckhaus Deringer LLP in January 2024.

Responsables de la pratique:

Karan Dinamani


Autres avocats clés:

Richard Pollack; Jeremy Kutner; Ben Perry; Robert Kearns


Principaux dossiers