Led from London by Jane Glancy and supported by lawyers based in key financial centres throughout the firm’s extensive international network, A&O Shearman‘s global loans team combines international legal insight with strategic expertise to assist investment-grade corporates and top banking clients. As well as regularly handling major refinancing and general corporate lending facilities, the team also regularly advises on the debt finance associated with many of the market’s biggest ticket public M&A transactions. Greg Brown, who led on this transaction, has also been at the vanguard of work in the sustainable financing space, helping to shape the use of the product which has become an increasingly commonplace feature of syndicated loan transactions. David Campbell is also very effective at advising on investment-grade financings, as well as excelling in advising on the financing for cross-over corporate credits, in both cases very effectively implementing new technology to streamline transactions. The ‘technically excellent’ Oleg Khomenko provides ‘practical and commercial’ advice to borrowers and lenders on general corporate lending and event-driven-financings, including in the context of emerging markets transactions. Dominique Crowley is also recommended.
Bank lending: investment grade debt and syndicated loans in London
A&O Shearman
Responsables de la pratique:
Jane Glancy
Autres avocats clés:
Nicholas Clark; Denise Gibson; Greg Brown; David Campbell; Oleg Khomenko; Dominique Crowley
Les références
‘The breadth of practice is market leading.’
‘Oleg Khomenko is technically excellent and provides practical and commercial advice.’
Principaux dossiers
- Advised BAE Systems plc on its proposed $5.55bn Stock Purchase Agreement to acquire the Ball Aerospace business from US packaging giant, Ball Corporation.
- Advised Shurgard Self Storage on its £378m recommended cash takeover offer for UK-listed company Lok’nStore Group plc.
Clifford Chance LLP
Leveraging a thorough understanding of current market trends and industry standards, Clifford Chance LLP demonstrates exceptional expertise in documentation nuances across various jurisdictions. This allows the firm to effectively share its knowledge with a well-balanced roster of banks and corporates engaged in debt financing for a myriad purposes, including for working capital, M&A, event-driven financing, and treasury operations. The team, which is led from London by David Robson, is also highly skilled at advising on multi-jurisdictional mandates where it can effectively leverage the firm’s vast international network, and can add value on complex financial services transactions through a collaborative approach alongside its market-leading regulatory offering. Robson and Emma Folds have very strong lender relationships, in particular, with both excelling in advising banking syndicates on refinancing and new money deals for large corporates. For borrower work, Nick Kinnersley regularly handles event-driven and public bid financing work for investment grade corporates, including his recent advice to Aviva plc on the £1.85bn financing provided by Citibank for its recommended public offer for Direct Line Insurance Group plc. Although Peter Dahlen and Matt Dunn are best-known for their lender side leveraged finance expertise, they both also handle some work for large corporate borrowers, with Dunn also advising on infrastructure financings.
Responsables de la pratique:
David Robson
Autres avocats clés:
Emma Folds; Peter Dahlen; Nicholas Kinnersley; Matt Dunn; Julia House
Les références
‘Accessibility, debt of knowledge, and also willingness to give « plain English » explanations of complex issues clearing linking to the situation not just a generic one size fits all.’
‘Very good working relationships with lender counsel, and other advisers such that the transactions progress seamlessly.’
‘The team that supports our business is seen as our go-to advisers and have ensured the depth of knowledge in our complex docs has passed onto new team members seamlessly. We have had very good continuity and excellent engagement throughout a number of transactions.’
Principaux dossiers
- Advised Aviva plc in relation to the £1.85bn financing provided by Citibank for its recommended public offer for Direct Line Insurance Group plc.
- Advising the mandated lead arrangers in relation to a £2.25bn revolving credit facility refinancing for Landsec (Land Securities Group).
- Advised Epiroc AB on the bridge financing for the $760m acquisition of Stanley Infrastructure.
Linklaters LLP
Combining ‘technical skill and a strong understanding of the market’, Linklaters LLP provides ‘practical and commercial advice’ to investment-grade borrowers and lenders across a range of corporate and structured lending. Acting on its own as well as regularly alongside practitioners in other key global offices, the team excels in handling big-ticket and often highly structured cross-border transactions. Toby Grimstone has strong visibility among creditors and debtors, which are appreciative of his versatile offering, including on corporate lending, trade finance, and public M&A financing matters. Grimstone recently advised the underwriting banks on the bridge financing to help facilitate BAE Systems plc’s $5.55bn acquisition of Ball Aerospace from Ball Corporation. Ian Callaghan also has public M&A financing expertise, as well as a strong lender practice that leans heavily towards margin lending and fund financings. James Martin, who is praised for his ‘ability to get the point through in a succinct and simple way’, has a versatile offering for banks and corporates, including on deals with a Middle Eastern nexus – where clients also benefit from his insight into Islamic finance structures. ‘Technically excellent yet highly commercial’, Caroline Courtney excels in advising corporates and lenders on syndicated lending matters, including on event-driven transactions such as M&A and IPO-related financings. Of the more junior practitioners, Sam Mahboubian has excellent traction among banks and large corporates, advising them on a myriad of new money and distressed transactions, while senior associate Atish Shah continues to impress on crossover credit and investment grade financings. Oliver Edwards co-heads the corporate lending and structured finance offering alongside Grimstone. Peter Hayes joined in May 2025 from Paul Hastings LLP.
Responsables de la pratique:
Toby Grimstone; Oliver Edwards
Autres avocats clés:
Ian Callaghan; Caroline Courtney; Peter Hayes; James Martin; Will Evans; Sam Mahboubian; Atish Shah; Shao-Ling Angoh
Les références
‘The team provides a combination of technical skill, strong market understanding and a commercial approach. The ability to get the point through in a succinct and simple way, easily digestible by non-lawyers.’
‘The team is pragmatic, collaborative and easy to deal with, which makes a big difference on fast-moving cross-border transactions.’
‘I really value the breadth and depth of experience of the firm and that the entire team are joined up.’
Principaux clients
Rio Tinto plc
Petrofac
Viterra
Helios Towers plc
Nestlé S.A.
Anglo American plc
BHP
Balfour Beatty plc
Vistry Group plc
Black Coffee
IG Group
Lafarge Holcim
Glencore
Nando’s
National Grid plc
Vodafone Group plc
Travis Perkins plc
Experian plc
Unilever plc
Endeavour Mining plc
Mondi plc
Tate & Lyle plc
Gold Fields Limited
Sibanye Stillwater Limited
Barclays
Bank of America
Citibank, N.A.
Deutsche Bank
Credit Agricole
Goldman Sachs
HSBC Bank Plc
J.P. Morgan
MUFG Bank, Ltd.
BNP Paribas
Principaux dossiers
- Advised Nestlé S.A.in relation to a combined $11bn refinancing across a duo of facilities.
- Advised Citibank and Bank of America as joint underwriters, arrangers and bookrunners on the bridge financing for BAE Systems plc’s $5.55bn acquisition of Ball Aerospace from Ball Corporation.
- Advised Unilever on thirteen USD and EUR revolving credit facilities agreements and seven EUR revolving credit facility agreements for a combined $5.2bn and €2.7bn.
Slaughter and May
Adopting a fairly generalist ethos to financing work, Slaughter and May is very well suited to advising investment-grade corporates across the panoply of their ongoing finance needs, from recapitalisations and multicurrency revolving credit facilities through to event-driven financings. Matthew Tobin regularly handles large capital raising exercises for borrowers, both in the syndicated loan and bond markets, including those linked to sustainability/ESG targets. Caroline Phillips is also well-versed on sustainability financings, as well as advising public and private corporates (including sponsor-backed portfolio companies) across a myriad financing requirements utilising the bank and bond markets. Robert Byk has niche expertise within the oil and gas sector, and is also one of a number in the team with bid finance knowledge. Team head Ed Fife is also recommended for his work on large investment-grade syndicated deals, as well as more structured mandates for cross-over credits.
Responsables de la pratique:
Ed Fife
Autres avocats clés:
Matthew Tobin; Robert Byk; Caroline Phillips; Azadeh Nassiri; Susan Hughes; Richard Jones; Guy O’Keefe; Claire Cooke; Charlie McGarel-Groves; Samay Shah; Kevin Howes; David Hay
Principaux clients
Premier foods
Richemont
Spectris
Everton Football Club
Coats Group
Avolta
Videndum
Ocado Group
National Wealth Fund
Brit
Principaux dossiers
- Advised Roundhouse Capital Holdings Limited, an entity within The Friedkin Group and Everton Football Club on their financing arrangements in connection with Roundhouse’s acquisition of EFC from Blue Heaven Holdings, an entity owned by Farhad Moshiri.
- Advised Richemont International Holdings, the leading luxury goods group, in relation to its debut syndicated revolving credit facility of €2bn entered into with a syndicate of 18 banks.
- Advised the National Wealth Fund, the UK’s sovereign backed fund set-up to crowd-in private investment and drive growth across the UK, in relation to the development of an innovative guarantee product designed to support portfolios of loans advanced to social housing registered providers for the purpose of retrofitting social housing in the UK.
Ashurst
Ashurst delivers solutions-driven and ‘innovative structuring’ to banks and investment-grade borrowers across various lending activities. The team’s expertise spans syndicated loans used for general working capital, refinancing needs, and supporting M&A activity. Nicholas Moore ‘brings exactly what is needed to the table for his clients’, including banks and large corporate borrowers, the latter which he regularly advises in the context of sustainability-linked financings. Tim Rennie is also very knowledgeable on ESG-related matters – including at a product development stage for banks (drafting relevant precedents) – and as well as more general corporate lending advice, has also developed a very strong reputation advising banks as financial advisers in relation to public takeovers. Briony Holcombe co-heads the corporate lending team alongside Moore and Rennie, with a balanced lender and borrower practice that encompasses general corporate lending, strategic M&A and fund financing work. Darren Phelan also maintains a well-rounded practice, advising both lenders and borrowers while also supporting financial advisers on public M&A financings.
Responsables de la pratique:
Mark Edwards; Tim Rennie; Nicholas Moore; Briony Holcombe
Autres avocats clés:
Darren Phelan
Les références
‘The team actively embraced innovative structuring for a new deal, moving away from market norms to achieve the client’s wishes.’
‘ Nicholas Moore has always been our go-to expert on financings and structuring when needed. He understands the wider context and brings exactly what is needed to the table for his clients.’
‘Ashurst have a very strong corporate debt team with a broad capability to support all types of debt financing.’
Principaux clients
ABN AMRO
ANZ
Axpo Holding AG
Bank of America Merrill Lynch
Barclays Bank
Bank of England
Berkeley Group
Bio Products Laboratories
boohoo group plc
BP
Citibank
CK Infrastructure Holdings Limited
Collinson Group
Deutsche Bank
Evercore
Goldman Sachs
Halma
HSBC
HSBC Innovation Bank
ICG
ING
Intesa Sanpaolo
Investec
JP Morgan
McLaren
Morgan Stanley
NatWest
Next15
QinetiQ
RBSI
Rothschild
Royal Bank of Canada
Santander
Shawbrook
Société Générale
Standard Chartered Bank
The Governor and Company of the Bank of Ireland
Tritax Big Box REIT
Tritax EuroBox
Vedanta
Wells Fargo
Principaux dossiers
- Advised Goldman Sachs International on the recommended offer by Harp Bidco Limited to acquire Hargreaves Lansdown worth £5.3bn.
- Advising Axpo Holding AG as borrower on a JP¥42bn sustainability-linked Samurai loan with a syndicate of more than 20 banks and investors in Japan.
- Advising J.P. Morgan Cazenove as financial adviser on the £3.5bn takeover of International Distributions Services plc by EP UK Bidco Limited.
Herbert Smith Freehills Kramer LLP
Leveraging its deep-rooted firmwide institutional ties with a high proportion of FTSE-listed corporates, Herbert Smith Freehills Kramer LLP is best-known for its borrower work. This includes advice across the full scope of their ongoing debt finance needs, including in the context of revolving credit facilities and strategic M&A, both of which often involve banking syndicates. Kristen Roberts, who oversees the firm’s well-received annual corporate debt and treasury report it produces in collaboration with the Association of Corporate Treasurers (ACT), has deep insight into market trends ensuring he is very well-placed to advise corporates on their debt and treasury needs, including identifying arbitrage opportunities. ‘Very strategic’ US-qualified partner Gabrielle Wong has a focus on advising corporates on New York-law governed financing terms, and is pivotal to the firm’s success advising on finance structures to borrowers in the music and royalty space. On the lender front, the team is best-known for its emerging markets work, particularly in the context of multi-sourced financings, as well as for banks funding reserve-based lending transactions in the oil and gas sector. William Breeze co-heads the team alongside Wong and Roberts.
Responsables de la pratique:
Kristen Roberts; Gabrielle Wong; William Breeze
Autres avocats clés:
Will Nevin; Heather Culshaw; Thomas Bethel; William Breeze; Stacey Pang; Chelsea Fish; Ollie Henderson
Les références
‘Gabrielle Wong is very strategic and provides spot-on and decisive advice on time-sensitive and fast moving transactions.’
Principaux clients
Natixis
DNB Bank
Lloyds
BNP Paribas
Bank of China
Citibank
Synthomer plc
HarbourVest Global Private Equity Limited
Shaftesbury Capital Plc
EML Payments Limited
MusicBird AG
MusicBird Rights AG
Nexthink SA
Nexthink, Inc
Hipgnosis Songs Fund Limited
Barclays Bank
Principaux dossiers
- Advised Natixis SA and the other lenders on a $1.4bn reserve-based loan to BlueNord ASA to refinance its existing reserve-based loan.
- Advised Synthomer plc on the amendment and restatement of its $400m revolving credit facility and its €287.5m and $230m term loan facilities backed by UK Export Finance.
- Advised HarbourVest Global Private Equity Limited (HVPE) on a new $1.2bn multicurrency NAV-based revolving credit facility, to provide an enhanced level of support for HVPE’s balance sheet reflecting its net asset growth.
Norton Rose Fulbright
Drawing upon a ‘good breadth of knowledge across the debt markets’, the ‘very hardworking’ team at Norton Rose Fulbright provides ‘pragmatic’ advice to a balanced roster of banks and large corporates, including on large cross-border syndicated corporate lending deals – where the firm can leverage resources throughout its vast international footprint. The team adds particular value advising on deals within core firmwide sector strengths, including oil and gas, an area that the ‘very user-friendly’ Neha Khosla is particularly skilled. Along with Alex Zekkos, Khosla is also very active advising on emerging markets transactions, many of which are structured utilising multi-sourced financings. The ‘responsive, proactive and solutions oriented’ James Dunnett excels in handling corporate lending mandates for creditors and debtors. Michael Black, who co-heads the team alongside Madhavi Gosavi, has a focus on secured lending transactions, including those implementing asset-based lending (ABL) structures.
Responsables de la pratique:
Madhavi Gosavi; Michael Black
Autres avocats clés:
Neha Khosla; James Dunnett; David Milligan; James Collis; Davide Barzilai; Alex Zekkos; Chris Akinrele; Grace Carpenter; Shivani Patel
Les références
‘The team is highly experienced and has an excellent view of market trends. It is very service oriented, knowledgeable and pragmatic, with a high economic understanding of the transactions.’
‘Very hard-working and great partner availability.’
‘The collegiate team has a good breadth of knowledge across the debt markets and consistent relevant transactional experience.’
Principaux clients
ABN AMRO Bank
Accel-KKR Credit Partners, LP
Africa Finance Corporation (AFC)
ASB Bank Limited
Banco Santander, S.A.
Bank of America
Blazehill Capital Limited
BP Gas Marketing Limited
Brown Brothers Harriman & Co.
BZ Commercial Finance Designated Activity Company
CCP Agency, LLC
Citibank N.A., London Branch
Credit Agricole Corporate & Investment Bank (London Branch)
Deutsche Bank AG London
East West Bank
Eclipse Business Capital, LLC
Erste Group Bank AG
Ecobank Rwanda
Evergreen Hill Enterprise Pte. Ltd.
First National Bank Zambia
FirstRand Bank Limited
Halkbank
Hamburg Commercial Bank AG
HSBC UK Bank plc
ICBC (London) plc
Industrial and Commercial Bank of China Limited
ING Bank
International Finance Corporation (IFC)
Jefferies Finance LLC
JP Morgan Limited
Keybank National Association
Korea Trade Insurance Corporation
Landesbank Baden-Wurttemberg
Liberty Mutual Insurance Company
Merrill Lynch International
MUFG Bank, Ltd. (London Branch)
Natixis
Nedbank
Nordea Bank Abp
Pine Street Partners III, LP
PNC Bank
RBC Europe Limited
Regions Bank
Royal Bank of Canada
Shell Energy Europe Limited
Shell International Trading & Shipping Co.
Shell Western Supply and Trading Limited
Siemens Bank Gmbh
SACE
Société Générale
Stanbic Bank
Standard Bank of South Africa (SBSA)
Standard Chartered Bank
Sumitomo Mitsui Banking Corporation (SMBC)
The Access Bank UK Limited
Truist Bank
UBS AG
Wells Fargo Bank
AIRRO (Mauritius) Holdings II (holding company of Leap Green Energy)
AMC V SCA
Bantry Bay
BP plc (including BP Gas Marketing)
Climate Bonds Initiative
Coca-Cola HBC
Eurasian Resources Group
Financial Services Compensation Scheme (FSCS)
Frontera Energy Corporation
Global Fashion Group S.A.
Global Partnership for Ethiopia
IMI plc
Infinity Power
IQUW
JTC plc
Moorgate Industries Limited
Kino Energía
Planet Payment Group Holdings
Reach plc
Roofoods Limited (Deliveroo)
Sabre Corporation Inc.
Surface Transforms plc
TIC Bidco
TC Energy and TransCanada Liquid Markets
Tullow Oil plc
UIL Limited
Utilico Emerging Markets Limited
Volution Group plc
Yorkshire Country Cricket Club
Principaux dossiers
- Advised the Financial Services Compensation Scheme on the refinancing of its £1.45bn Revolving Credit Facility.
- Advised longstanding client Citibank, as mandated lead arranger, coordinator and book runner, agent and security trustee, on a strategically important $500m term and revolving credit facility for luxury travel and leisure company Abercrombie & Kent.
- Advised Société Générale as Mandated Lead Arranger and Agent, along with a syndicate of banks, in relation to two Green Loan Facilities for Cadeler A/S (Cadeler) totalling approximately €520m for the financing of two state-of-the-art newbuild Wind Turbine Installation Vessels under construction in the Republic of Korea.
White & Case LLP
With ‘a deep bench across both investment grade and leveraged loans’ and the versatility to advise on English and US law governed documentation, White & Case LLP is a popular choice among many high-profile banks to advise on syndicated loans. The scope of the work is broad, running the gamut from financings to facilitate general corporate lending and working capital requirements through to strategic M&A. As well as work in the leveraged finance space, ‘pragmatic and user-friendly’ team head Jeremy Duffy is also highly skilled at advising on investment grade and crossover credit deals, where he is able to draw from his ‘deep knowledge of the market and key market participants’. Working alongside ‘exceptional’ real estate finance practitioner Lisa Seifman, Duffy has also recently advised on a number of high-profile cross-border data centre financings. Shane McDonald and Peter Mason are also recommended.
Responsables de la pratique:
Jeremy Duffy
Autres avocats clés:
Shane McDonald; Peter Mason; Lauren Winter; Lisa Seifman
Les références
‘Strong team with a deep bench across both investment grade and leveraged loans.’
‘Jeremy Duffy. He works his deals; he doesn’t bait and switch. He has deep knowledge of the market and the key market participants, and is pragmatic and user-friendly. Respected by both banks and sponsors.’
‘Jeremy Duffy and Lisa Seifman are both exceptional partners who bring the knowledge of leveraged finance, project finance and real estate finance together to work seamlessly and effectively on data centre deals.’
‘Great client focus. Very up to date on market developments and risks posed to clients. Extremely responsive and proactive. Always helpful.’
‘Jeremy Duffy is my go to. He’s always available, commercial and balanced and I greatly value his advice and market knowledge.’
Principaux clients
Ares Management
Barclays Bank
Barings
Blackstone Alternative Credit Advisors
Citibank
Deutsche Bank
DNB Bank
Goldman Sachs
Golub Capital
J.P. Morgan
Nordea Bank
Royal Bank of Canada
Santander
SEB
Société Générale
Standard Chartered Bank
Oak Hill Capital
Principaux dossiers
Addleshaw Goddard
Although it does handle some borrower matters, Addleshaw Goddard is best known for its creditor-side offering, which includes work for a myriad domestic and international banks. The scope of this is broad ranging but includes a considerable volume of financing work for general corporate purposes and for event-driven transactions, including on behalf of investment-grade borrowers. Steve Mackie heads up the relationship driven and cost-effective team that is particularly active in the mid-market and aided by strong regional capabilities. Sarah Stokes handles a considerable amount of new money and refinancing-related corporate lending work, and is a key member of the team that includes funds finance expert Zoe Connor.
Responsables de la pratique:
Steve Mackie
Autres avocats clés:
Alex Dumphy; Ewen Scott; Lequn Su; Sarah Stokes; Zoe Connor
Les références
‘AG have a strong understanding of the professional services sector and have worked with us for many years so display a deep understanding of our issues and needs.’
Principaux clients
Aareal Bank
AgFe
AIB Group UK plc
Al Rayan
Aviva
Bank of Communications
Bank of Ireland
Bank of London & The Middle East plc
Bayerische Landesbank
British Arab Commercial Bank
Canada Life Investments
China CITIC Bank
China Merchants Bank
CIMB (London, Singapore and Malaysia)
Clydesdale Bank plc (part of Virgin Money)
Coutts & Co
Criterion Capital
Deutsche Hypothekenbank
Emirates NBD Bank, London Branch
Europa Capital Debt Investment
First Abu Dhabi Bank, London Branch
Fortwell Capital
Gaw Capital Group
GR Properties
Haitong Bank
Hamburg Commercial Bank
Handelsbanken plc / Svenska Handelsbanken AB (publ)
HB Reavis
Hengli Group (owner of Lloyds Bank HQ)
Hillview Real Estate
ICBC, Luxembourg Branch
ICICI
Industrial and Commercial Bank of China Limited, London Branch
Investec Bank plc
KAMCO Investment Company K.S.C.P.
Kasamar Holdings
KTB Asset Management
Landesbank Hessen-Thuringen GZ (Helaba)
Lembaga Tabung Haji
McLaren Property
MiddleCap Real Estate
Mount Anvil
Nationwide Building Society
Nord/LB, Hanover
OakNorth Bank plc
Peel
Public Bank Berhad
Public Islamic Bank Berhad
Puma Investments
Qatar National Bank, London Branch
RBC Europe Limited
Rocket Properties
Santander
Shanghai Pudong Development Bank
Standard Chartered Bank, India Branch
Tellon Capital
Tribeca
United Overseas Bank Limited
University Partnership Programme (UPP)
Venn Partners LLP (trading as ARA Venn)
JD Sports Fashion plc
MoneySuperMarket.com
Castore
COFCO International
Morgan Advanced Materials plc
NCC Group plc
Spirax-Sarco Engineering plc
Tata
Principaux dossiers
- Acted for NatWest Markets as security agent in relation to a £450m senior secured notes issuance by Jerrold FinCo plc (a subsidiary of Together Financial Services Limited.
- Advising Hampshire Trust Bank in respect of the structuring and drafting of structured finance facilities to Century Capital, utilising the application of securitisation techniques.
- Acting for National Westminster Bank on the provision of a £45m revolving credit facility to Elixirr International plc for general corporate and working capital purposes.
Baker McKenzie
Baker McKenzie advises creditors and debtors across a range of debt finance solutions, leveraging expertise in English and New York law to handle high-value syndicated lending and event-driven financings. Nick O’Grady has strong banking ties, regularly advising syndicates to structure complex international financing transactions, expertly integrating English law documents with New York style covenants. The team is also very skilled at handling emerging markets mandates, with Luka Lightfoot regularly taking the lead for both commercial banks and ECAs on the financing to facilitate Africa-based energy and infrastructure deals, in particular. Matthew Cox co-heads the team alongside O’Grady.
Responsables de la pratique:
Nick O’Grady; Matthew Cox
Autres avocats clés:
Sebastien Marcelin-Rice; Luka Lightfoot; Oliver Jefferies
Les références
‘They’ve got the smarts. A top team which provides commercial advice and focuses on client goals. I feel fully supported when I work with Bakers.’
‘They go the extra mile. They understand what our objectives are and make sure we achieve our goals, and they don’t get hung up on legal points.’
Principaux clients
Carlsberg Breweries A/S
Principaux dossiers
- Advising Carlsberg in connection with the £4.3bn bridge financing to support its take-private acquisition of Britvic PLC.
Bryan Cave Leighton Paisner
Led from London by Emma Howdle-Fuller and aided by a strong presence in key regional centres, including Manchester, the commercial lending team at Bryan Cave Leighton Paisner provides a relationship driven service to banks and corporates providing or receiving the funding for a myriad of ongoing and ad-hoc financing opportunities. Derek Hrydziuszko has vast experience in the market across a myriad new money and refinancing transactions, including for investment grade and sub-investment grade rated corporates, often involving multi-jurisdictional considerations. New York-qualified Shanan Dunstan is able to advise on transactions involving bank and high yield bond debt and also regularly acts for banks and borrowers on hybrid ABL/cash-flow structures.
Responsables de la pratique:
Emma Howdle-Fuller
Autres avocats clés:
Derek Hrydziuszko; Shanan Dunstan
Principaux clients
Nordea Bank
Cibes Lift Group
Bank of China (London Branch)
Scotiabank/Bank of Nova Scotia
Harlan Capital Partners
Coöperatieve Rabobank
Factofrance
Romulus Holdings
Aferian
TFG Brands (London)
Playtech
Enel
Collinson
Société BIC (BIC)
ESCO Technologies
Wells Fargo
Tesco
Rabobank
WildBrain
Principaux dossiers
- Advising Wells Fargo on channel and inventory financing facilities valued in US$ multi-billions.
- Advised Enel, the global utility giant, as English counsel in relation to a SGD-linked ECA facility agreement, entered into between Citi (London Branch), as original lender, mandated lead arranger, global coordinator and agent, Enel Chile, as borrower, with Enel as guarantor.
- Advised Rabobank on a complex and high-value multi-jurisdictional financing for a high-profile acquisition in the agribusiness sector, creating the second-largest berry company in the world.
Cleary Gottlieb Steen & Hamilton
The nimble and flexible partner-led team at Cleary Gottlieb Steen & Hamilton is well-placed to advise its borrower-focused client base, including private equity-owned portfolio companies, across a myriad new money and refinancing transactions, frequently involving funding provided by banking syndicates. Jim Ho is emblematic of this versatility, being conversant across a range of banking and capital markets finance products to help facilitate funding opportunities for corporate clients, as well as for sovereign borrowers in a restructuring capacity. Often working alongside colleagues in New York, the team is also skilled at helping European companies access debt in the US markets, and for US corporates looking toward Europe. Ho co-heads the team alongside Ed Aldred and Alexander van der Gaag, who are both best-known for their leveraged finance expertise.
Responsables de la pratique:
Edward Aldred; Sui-Jim Ho; Alexander van der Gaag
Autres avocats clés:
Jonathan Griggs; Pritika Advani
Les références
‘Edward Aldred provides extremely high-quality advice and has the ability to explain complex legal matters in a concise way.’
‘Excellent quality, consistent team structure, excellent project management with split of responsibilities to move forward on different work streams in parallel.’
Principaux clients
Belron Group
Bridgepoint
Bridgepoint
DataExpert
Jacobs Holdings
Cognita
Jacobs Holdings
Colosseum Dental Group
Central Group
Selfridges Group
Warburg Pincus
Sundyne
Principaux dossiers
- Advised Belron in a $4.69bn and €2.05bn incremental amendment to refinance its existing credit agreement.
- Advised Bridgepoint on the £77.5m TLB and £7.5m RCF financing of its £169m acquisition of Eckoh plc (UK Public Takeover).
- Advised Jacobs Holdings and its portfolio company Cognita Schools on its debut US market TLB issuance, raising $450m and related refinancing of €500m European market TLB
CMS
Led from London by Patrick Donegan and also able to draw from resources in key regional and international locations, CMS is well-positioned to provide ‘sound advice’ at a cost-effective price point to a lender-focused client base that includes international and domestic banks. Drawing upon ‘a bottomless reservoir of knowledge and experience’ and a ‘strong read on the mid-market’, Tom Siggers excels in handling corporate lending work, including utilising bilateral and syndicated facilities for working capital purposes and for M&A purposes. Other key practitioners include Alex Patience, who regularly advises banking syndicates on investment-grade financings; Mark Moseling, who has niche healthcare finance expertise; and Charles Kerrigan, for fintech funding work.
Responsables de la pratique:
Patrick Donegan
Autres avocats clés:
Charles Kerrigan; Anne Chitan; Kerry Langton; Ruth Marken; Mark Moseling; Alex Patience; Tom Siggers; John Dawson; Tom Hughes; Katie Duffield; Simon Johnston
Les références
‘The cost-effective team provides reliable, sound advice, with a strong read on the mid-market and lower mid-market.’
‘Commercial and pragmatic – they want to deliver the deal their client has agreed in a clean, efficient and collaborative way without trying to point score.’
‘Tom Siggers is hard-working, responsive and easily one of the nicest guys in the mid-market.’
Principaux clients
HSBC
Citibank
Barclays
FifthThird
Unicredit
Northern Bank
BVCA
JP Morgan
Commonwealth Bank of Australia
Aviva
MetLife
Legal and General
Horizon Capital
Swiss Life Asset Management
Vesper Infrastructure
Media Concierge
Markbygden Ett AB
Albo Holding
Hokodo
Principaux dossiers
- Acting for a syndicate of lenders (HSBC, Citibank, Barclays, FifthThird, Unicredit, Northern Bank, BVCA, JP Morgan) in $400m cross-border facilities for Volex plc.
- Acted for the syndicate of lenders to British Solar Renewables on its first portfolio financing of solar PV and BESS projects.
- Advised the creditors to Renewable Power Capital (RPC) on the closing of long-term senior facilities, totalling €555m, relating to a 553MW portfolio of onshore wind projects owned by RPC in Sweden.
Dentons
Leveraging strong relationships with UK and international banks, Dentons is very effective at advising on domestic and cross-border syndicated financing mandates, including for investment-grade corporates, for general corporate and event-driven purposes. The ‘customer-oriented and pragmatic’ Simon Middleton has longstanding and loyal connections with Nordic lenders, including SEB and Danske Bank, both of which formed a banking syndicate alongside BNP Paribas to fund the recommended cash offer by Carlsberg UK Holdings for British soft drinks maker Britvic Plc, which Middleton recently led on. Catherine Astruc is also a very accomplished banking lawyer, including on corporate-led acquisition finance mandates, while at a more junior level Joe Byron Evans and James Ingham both continue to develop strong reputations advising financial institutions on syndicated lending transactions for banks as borrowers across Eastern Europe, Africa and the Middle East. Nick Hayday heads the team.
Responsables de la pratique:
Nick Hayday
Autres avocats clés:
Simon Middleton; Catherine Astruc; Richard Sharples; Will Turner; James Ingham; Joe Byron Evans; Marc Gilston
Les références
‘The service level and professionalism is excellent. Always ensures there are senior lawyers working on the transactions, and it is very clear that the partner is always on top of the process, which is not the case from many of the other UK law firms.’
‘Simon Middleton is customer-oriented and pragmatic.’
Principaux clients
HSBC Bank
BNP Paribas
NatWest
Skandinaviska Enskilda Banken (SEB)
ICBC
Mizuho Bank
Emirates NBD
Société Générale
Standard Chartered Bank
Commerzbank
Kilter Finance
Nordea Bank
Danske Bank
Swedbank
Handelsbanken
Fifth Third Bank
CoinShares
Leadenhall Capital Partners
Crestline
KSL Capital Partners
KPS Capital Partners
Oman Investment Authority
Principaux dossiers
- Advising the lenders in connection with a £4.3bn syndicated acquisition facility made available to Carlsberg Breweries A/S to fund the recommended cash offer by Carlsberg UK Holdings Limited for British soft drinks maker Britvic PLC.
- Advising Bank of America and a syndicate of lenders on a $1.4bn multicurrency revolving loan facility agreement to be utilised by Aegon Ltd for its general corporate purposes.
- Advising ICBC and a syndicate of lenders on the $465m Asian syndicated facility agreement and a $600m bridge facility for The Standard Bank of South Africa.
DLA Piper
The partner-led team at DLA Piper provides ‘pragmatic and thorough’ advice to a borrower-focused client base across a range of corporate lending and event-driven transactions, with many of them sourced utilising funding provided by banking syndicates. The ‘very strong’ Mark Dwyer plays a pivotal role in the firm’s success on the debtor side, providing strategic guidance to investment-grade and listed corporations across their capital structure. Dwyer advises on all aspects of financing and corporate treasury matters, as well as the funding of UK public takeovers of listed companies. The ‘highly responsive and organised’ Mei Mei Wong‘s versatile practice includes fund finance transactions, as well as a considerable volume of corporate lending and acquisition finance matters for borrowers, including on funding provisions utilising sustainability-linked terms.
Responsables de la pratique:
Mark Dwyer
Autres avocats clés:
Neil Campbell; Matt Christmas; Mei Mei Wong; Richard Normington; Charlotte Lewis-Williams; Derwin Jenkinson; Lilly Alamir
Les références
‘The team provides strong partner-led advice.’
‘Very pragmatic and thorough – the team really builds trust with their clients and are great advocates for the business.’
‘Mark Dwyer is very strong and resolves issues effectively.’
‘Mei Mei Wong is highly responsive and organised, she cuts through the issues for her clients and makes it clear where input is needed. She is able to negotiate through complicated points on behalf of her clients with ease.’
‘Very efficient team – workload distribution is amazing and got things done.’
‘Mei Mei Wong was incredibly efficient and solution-focused in her approach. Very knowledgeable, commercial, and always available when needed.’
Principaux clients
VEON Holdings B.V.
Mothercare PLC
Zedra
Fremman Capital
Warner Brothers Discovery
Northleaf Capital Partners
Standard Chartered Bank
HSBC Innovation Bank
Duke Street
Drax Group plc
John Swire & Sons Limited
Concord Music
Principaux dossiers
- Acted for Drax Corporate Limited on a new sustainability-linked £450m revolving credit facility maturing in 2027 with options to extend by two years.
- Acted as counsel to the Agent and the Mandated Lead Arrangers with Standard Chartered Bank as documentation agent in connection with a $250m equivalent multi-currency green syndicated term loan facilities to Joint Stock Commercial Bank « Agrobank ».
- Advising WBD and its subsidiary Discovery Communications on their entry into a new $6bn multicurrency revolving credit agreement for general corporate purposes with Bank of America, N.A. serving as the administrative agent, swing line lender, and L/C issuer.
Hogan Lovells International LLP
While Hogan Lovells International LLP is a key player in mid-market leveraged finance, primarily advising credit funds, it also maintains strong bank relationships, regularly assisting with syndicated lending, new money transactions, and refinancing deals. Although the team is product and industry agnostic, it has particular skill advising on financings within the highly regulated insurance sector, where Penny Angell provides ‘excellent commercial advice on a timely basis’. Global head of banking Paul Mullen is best known for his direct lending offering, as is Jo Robinson, who has also established a strong reputation advising on annual recurring revenue (ARR) growth financing to tech businesses. The team is rounded out by Katie Gill who handles some borrower work, including for investment-grade corporates on cross-border transactions.
Responsables de la pratique:
Paul Mullen
Autres avocats clés:
Penny Angell; Jo Robinson; Katie Gill; Francis Booth; Nick Cusack
Les références
‘Penny Angell provides excellent commercial advice on a timely basis.’
‘They have the ability to blend seamlessly with an internal team.’
Principaux clients
HSBC
NatWest
Lloyds Bank
Principaux dossiers
- Advising Smurfit Kappa on its financing as part of its $24bn merger with US-based WestRock Company.
- Advising Argus Group, a Bermuda insurance group, on the financing of its acquisition of a stake in BF&M (another Bermuda insurance company)and subsequent amalgamation of BF&M and Argus Group.
- Advising Aston Villa Football Club, in respect of a revolving credit facility agreement with Goldman Sachs as arranger and original lender.
Macfarlanes LLP
While Macfarlanes LLP is best-known for its private capital expertise in the leveraged finance market, it also has a fairly substantial borrower side offering in the corporate lending space, both for standalone corporations and sponsor-owned portfolio companies. Kirstie Hutchinson who is key to this work adds particular value to cross-over credits requiring bespoke security structures, many of which include complex inter-creditor arrangements. Hutchinson also regularly advises on the English law aspects associated with work for US-listed companies. Malcolm Hitching also handles some conventional debt finance work as well as having niche expertise on financings in the litigation and legal assets sector. Andrew Perkins heads up the overarching finance department and is best-known for his alternative credit leveraged finance expertise.
Responsables de la pratique:
Andrew Perkins
Autres avocats clés:
Kirstie Hutchinson; Malcolm Hitching; Adam Caines; Pinar Celebi
Les références
‘The team is extremely knowledgeable, partner led and responsive.’
‘Kirstie Hutchinson is very passionate and knowledgeable, very detailed and easy to work with.’
‘Kirstie Hutchinson has excellent knowledge and commercial application of that knowledge.’
Principaux clients
Gemcorp Capital Management Limited
J D Wetherspoon Plc
Cimpress plc
Credit Agricole Corporate and Investment Bank
Principaux dossiers
- Advised Gemcorp (as lender) in relation to its on-going investment in the Walkabout group (Australia).
- Advised J D Wetherspoon Plc on a refinancing with its syndicate of thirteen banks, including HSBC, BNP Paribas, NatWest, Barclays, Rabobank and Lloyds as mandated lead arrangers.
- Advised long-standing NASDAQ-listed multinational client Cimpress plc on the English law aspects of its refinancing.
Simmons & Simmons
The ‘well-balanced team’ at Simmons & Simmons provides ‘pragmatic and responsive’ advice to banks and a growing roster of large-listed corporates across a broad swathe of corporate lending, event-driven and M&A financing. Team head Kirsty Barnes is across both creditor and debtor sides of the practice, being particularly active of late on data centre financings. Elliot Beard is also key to the firm’s success in handling corporate lending and acquisition financings, including on deals utilising sustainable financing terms. At an associate level, Erica Houlihan is a ‘reassuring pair of hands’ and Emmie Spring-Manek has ‘a really good knowledge of her market’.
Responsables de la pratique:
Kirsty Barnes
Autres avocats clés:
Elliot Beard; Helen Hagan; Laurie Keel; Emmie Spring-Manek; Erica Houlihan; Peter O’Donnell
Les références
‘The team provides pragmatic and responsive advice.’
‘It is a well-balanced team, with good knowledge and a client-focused approach.’
‘Kirsty Barnes 100% knows her game and gives practical advice which is easy for a non-expert to follow.’
Principaux clients
Ashgrove Capital LLP
Kartesia Management
Triple Point Advancr Leasing PLC
Santander UK plc
Tresmares Capital
Brookfield / Data 4 Group
Blue Alliance Limited
Ascona Group Holdings Limited
Napier Technologies Group Limited
VIRTUS Data Centres
Venture Life Group plc
Nurture Landscapes Limited
Blue Finance Limited
Rivulis Irrigation
Principaux dossiers
- Acting for Data 4 Data Centres on its cross-border capex financing facilities.
- Advised Blue Alliance on a first of its kind loan facility for Blue Finance, to be provided by BNP Paribas.
- Advised Ashgrove in relation to an annual recurring revenue facility to Xempus, to finance cash on balance sheet for organic growth activities and acquisitions.
Skadden, Arps, Slate, Meagher & Flom (UK) LLP
Regularly working alongside the firm’s top-notch corporate practice, Skadden, Arps, Slate, Meagher & Flom (UK) LLP provides debt finance expertise on some big-ticket corporate-led M&A mandates. In this context, the firm is well-placed to provide sophisticated advice utilising debt throughout the capital structure, governed by both English and New York law. Team head Pete Coulton is key to much of this work and has also recently handled a number of borrower-side mandates in relation to multi-jurisdictional data centre financings.
Responsables de la pratique:
Pete Coulton
Autres avocats clés:
Sebastian FitzGerald; Zoe Cooper Sutton; Rui Qi; Brendan Macreadie
Les références
‘The team has tremendous expertise in financing complex multi-stage data centre construction projects.’
‘The collaboration between Pete Coulton and Steven Messina across EMEA and USA is excellent, and they have formed a unique synergy in being able to finance deals in the USA and EMEA seamlessly.’
Principaux clients
58.com Inc.
Adevinta ASA
Blackstone Inc.
Blue Owl Digital Infrastructure
Castlelake L.P.
Energy Infrastructure Partners AG
Engelhart Commodities Trading Partners
Intelsat S.A.
International Paper Company
JAB Holding Company
Las Vegas Sands Corp.
L’Occitane Groupe
Markerstudy Group
Optio Group
Plata
Pollen Street Capital
SDC Capital Partners
SDCL Edge Acquisition Corporation
The Travel Corporation
Principaux dossiers
- Advising JAB and its affiliate Acorn Holdings B.V. in connection with the financing of its acquisition of shares in JDE Peet’s N.V.—the world’s largest pure-play coffee& tea company—from global snack giant Mondelez.
- Advised Adevinta and its special committee of independent directors in connection with financing aspects of the $13.2bn bid to acquire Adevinta by Permira Advisers LLP and The Blackstone Group International Partners LLP, and including General Atlantic Service Company, L.P.
- Advised L’Occitane Groupe S.A. and Reinold Geiger, the majority shareholder of L’Occitane International, S.A., a global luxury cosmetics group based in Europe and listed on the Hong Kong Stock Exchange, in the financing aspects of the take-private bid for L’Occitane International.
Bird & Bird LLP
Bird & Bird LLP regularly handles syndicated lending work and investment-grade financings for banks and borrowers, adding particular value in areas of firmwide sector expertise. The sports industry remains a fertile source of instructions, with Claire Barker excelling in handling creditor and debtor work relating to, inter alia, stadium financings, player transfer and media rights financings. The firm also remains very active on lender-focused emerging markets transactions, where Andrew Hallgarth has longstanding relationships with development finance institutions, in particular. Team head Joss Hargrave is well-versed in handling new money mandates, including within the sports sector, as well as providing expertise to stakeholders in relation to distressed financings.
Responsables de la pratique:
Joss Hargrave
Autres avocats clés:
Andrew Hallgarth; Claire Barker; Samrad Nazer; Toby Cooper; Dan Campbell
Principaux clients
European Bank for Reconstruction and Development (EBRD)
MGG Investment Group
Santander UK plc
Macquarie Bank Limited, London Branch
Santander UK plc
International Restructuring Company (IRC)
BMO
International Investment and Underwriting (IIU)
Kindred Education Limited
Southampton Football Club
Gamma Communications plc
Galanthus Partners Ltd
Job & Talent
Principaux dossiers
- Advised the EBRD on establishing and funding a Guernsey insurer to provide retrocession insurance for Ukrainian war risk, facilitating the re-establishment of insurance products and supporting Ukraine’s reconstruction.
- Acting for Macquarie in relation to their financing of sports clubs in the UK, Europe and Latin America.
- Advised listed client Gamma Communications plc on a major investment grade revolving credit facility, to be used in part for the acquisition of STARFACE GmbH.
Davis Polk & Wardwell LLP
With a strong grounding across both English and New York-law governed debt products, Davis Polk & Wardwell LLP handles a range of financing work for lenders and corporates, including investment-grade loans and investment-grade acquisition financings. Team head Nick Benham regularly undertakes large transatlantic broadly syndicated finance deals, and also excels in handling UK public bid financings. Aaron Ferner also excels in advising on investment-grade deals for public acquisitions, as well as being a trusted adviser to financial advisers on cash confirmations for UK public acquisitions. Luke McDougall is also a key part of the finance team, although his focus is primarily lender-side on sponsor-backed leveraged deals.
Responsables de la pratique:
Nick Benham
Autres avocats clés:
Luke McDougall; Aaron Ferner; Joshua Bunn; Ludovico Giannotti
Principaux clients
PT Freeport Indonesia
Lightyear Capital
Wren Sterling
Comcast/Sky
Hayfin Capital Management
Citigroup
J. P. Morgan
Morgan Stanley
Goldman Sachs
Bank of America
McDermott Will & Schulte
Under the guidance of Aymen Mahmoud, the ‘very practical and hands-on’ team at McDermott Will & Schulte has, in recent years, gained most traction for its work in the private credit space on mid to upper-mid-market leveraged finance transactions. The arrival in mid-2024 of John Burge and Christopher Kandel from Morrison Foerster has not only further enhanced this core strength but also afforded the firm more visibility among banks and borrowers in the syndicated loan market. Kandel, in particular, has ‘vast knowledge’ of different finance structures governed by both UK and US law, and consequently, over his many years’ in practice, has developed a trusted advisor role, particularly for stakeholders in the large-cap acquisition finance space.
Responsables de la pratique:
Aymen Mahmoud
Autres avocats clés:
Christopher Kandel; Mark Fine; John Burge; Giulia Venanzoni; Sophie Rezki
Les références
‘They are very practical and hands-on.’
‘Christopher Kandel has vast knowledge.’
Principaux clients
Blue Owl Capital Corporation
Northwestern Memorial Healthcare
Golub Capital LLC
Antares Capital LP
Blackstone Alternative Credit Advisors LP
European Depositary Bank S.A.
Goldman Sachs Principal Investments
Piper Sandler Finance and HPS Investment Partners
Principaux dossiers
- Represented Blue Owl Capital Corporation in the $310m refinancing of the existing debt of the Lakefield Vet Group, a family-owned veterinary business which has Peloton Capital Management as a minority investor.
- Represented Northwestern Memorial Healthcare a leading US- based academic healthcare organisation, as lender on the provision of a convertible loan to The London Clinic Limited, the UK’s largest independent charitable hospital.
- Advised a consortium of lenders, including Blue Owl, Golub Capital, Ares Capital, Guggenheim Partners, CVC Credit, and Partners Group as senior secured lenders and HSBC Bank as senior secured lender and hedge provider, on a monumental Unitranche financing of $2bn for the refinancing of RL Datix, owned by Five Arrows, TA Associates, and Nordic Capital.
Ropes & Gray LLP
Ropes & Gray LLP excels in handling work for investment banks and multinational corporates seeking or providing funding for large-cap deals incorporating both UK and US-law governed financing techniques. The scope of this work is broad, including event-driven transactions implementing syndicated lending facilities, as well as refinancings and funding for working capital purposes. Although the firm is industry agnostic, it handles a considerable amount of work in the telecommunications space, including for Altice, one of the biggest issuers of bonds and loans in the European market. UK and US-qualified high-yield debt expert Michael Kazakevich is key to these transactions and heads up the team that also includes Alex Robb and Benoit Lavigne who are both very accomplished finance lawyers.
Responsables de la pratique:
Michael Kazakevich
Autres avocats clés:
Alex Robb; Benoit Lavigne; Ana Biloglav; Luwam Mezue
Principaux clients
Goldman Sachs International
Jefferies
Mizuho
Principaux dossiers
Simpson Thacher & Bartlett LLP
As well as its core focus on private equity sponsor-led leveraged finance deals, Simpson Thacher & Bartlett LLP also maintains a not insignificant corporate borrower financing practice which benefits from the firm’s extensive knowledge of debt products throughout the capital structure, both through the syndicated loans and high yield bond markets. Shahpur Kabraji is key to much of this work, including for sponsor-backed portfolio companies on large-scale refinancings, as well as some large-cap lending transactions for institutional investment-grade corporate clients of the firm. For lender work, Hadrien Servais who splits his time between the firm’s Brussels and London offices, provides ‘commercially driven and solutions-oriented’ advice to credit funds and investment banks on syndicated credit facilities and debt financing solutions spanning all market cycles. Nicholas Shaw heads the team.
Responsables de la pratique:
Nicholas Shaw
Autres avocats clés:
Hadrien Servais; Shahpur Kabraji; Bryan Robson
Les références
‘Very strong team with a deep knowledge of current market practice/trends and an ability to advise in a value-add, digestible manner.’
‘Hadrien Servais provides commercially driven and solutions-oriented advice.’
‘Hadrien Servais is extremely client friendly, knowledgeable and able to unlock complex negotiations in a thoughtful manner. He also provides good counsel and creative solutions to complex problems.’
Principaux clients
Barclays
Blackstone Capital Partners
BNP Paribas
Crédit Agricole
Deutsche Bank
Flutter Entertainment plc
Goldman Sachs
HSBC
Jefferies
JP Morgan
Melrose plc
Morgan Stanley
Natixis
NatWest
Nomura
Norvestor
PHM Group
SMBC
TDR
Tikehau
Principaux dossiers
- Representation of the initial purchasers and lenders on a $6.2bn refinancing by Howden.
- Representation of Melrose plc on multiple large cap corporate financings, totalling approximately £2.3bn.
- Representation of funds managed by Blackstone Tactical Opportunities in its €1.3bn refinancing of their existing strategic investment in Superbet Group.
Winston & Strawn LLP
Led by the highly experienced Ian Borman, Winston & Strawn LLP‘s nimble finance team excels in handling complex cross-border lending transactions, including in the emerging markets. Here it is able to leverage its deep expertise across a myriad debt products throughout the capital structure to support a well-balanced mix of borrowers and lenders. Daniela Cohen also handles some corporate lending work, although she is particularly adept at working alongside the New York office for lenders providing the funding to facilitate sports-related stadium projects.
Responsables de la pratique:
Ian Borman
Autres avocats clés:
Daniela Cohen; Eliana Torrado Franco
Principaux clients
Hiscox Plc
Mizuho Bank
Electrify Video Partners Limited
Brintons Carpets
Beck & Pollitzer
OASE Holdings GmbH
Principaux dossiers
- Advising Citibank on a series of local currency facilities for multilateral development banks, EBRD and IFC, denominated in Ukainian hyrivnia, Polish zyloty and Tunisian dinar.
- Advising JPMorgan Chase Bank, as construction lender, and Barings and Apollo, as noteholders, in connection with the c£275m financing the construction and operation of the Co-op Live entertainment arena in Manchester.
- Advising Hiscox plc in connection with refinancing of their c$900m working capital and letter of credit facilities and associated amendments to their $65m securities lending facilities.
Bracewell (UK) LLP
The ‘experienced and solutions-oriented’ team at Bracewell (UK) LLP has a dedicated focus for lenders and borrowers on financings within the energy and natural resources sector. Team head Jason Fox regularly handles syndicated lending work in the context of his market-leading reserve-based lending offering. Olivia Caddy is also skilled at handling upstream oil and gas financings, particularly in Francophone African countries. Oliver Irwin is also a key member of the team advising lenders and borrowers on power and infrastructure projects, including those requiring multi-sourced financings.
Responsables de la pratique:
Jason Fox
Autres avocats clés:
Olivia Caddy; Oliver Irwin; Ro Lazarovitch; Tom Jamieson; Eimear Murphy; Gordon Stewart
Les références
‘The team is experienced and solutions oriented.’
‘They have a very strong team on the oil and gas financing and M&A side, with years of experience in this particular market.’
‘It is an absolute pleasure to deal with Tom Jamieson and Gordon Stewart! I know when I have them on file that this will be a plain sailing file, even when they are dealing with complex matters. The synergy there is between Tom and Gordon is a definite advantage to any client.’
Principaux clients
HSBC Saudi Arabia & the lenders for the financing
Natixis
Alinma Bank
Riyad Bank
Vision International Investment Company
Abu Dhabi National Energy Company PJSC (TAQA)
Gulf Investment Corporation
Lenders to Transdev, Nesma and TCC
Al-Jil Alati
Japan Bank for International Cooperation (JBIC)
Sumitomo Mitsui Trust Bank
Standard Chartered Bank
International Power S.A. (Dubai Branch)
Lenders for Refinancing for SMN Barka Power Company S.A.O.C.
BlueNord Energy Denmark A/S
Ithaca Energy (UK) Limited
Assala Energy
Principaux dossiers
- Advising HSBC Saudi Arabia on the financing of the designing, building, operating, insuring and maintenance of residential communities and associated facilities and services of the Oxagon community.
- Advised the lenders to Tamasuk Holding Company and Alghanim International on the development and financing of the Al Ansar PPP project in KSA being procured by competitive tender by the Ministry of Health of Saudi Arabia.
- Advising the Vision International Investment Company, TAQA and GIC consortium in relation to its successful bid for Juranah Independent Strategic Water Reservoir Project.
Burges Salmon LLP
With a strong presence in Bristol and London, Burges Salmon LLP‘s versatile banking and finance team has the strength-in-depth and product knowledge to handle a significant volume of mid to upper-mid market debt finance transactions for lenders and borrowers. Energy, real estate and transport-related transactions remain a strength, with Graham Soar and Rachael Ruane recently advising longstanding client, British multinational transport group FirstGroup plc, on the financing of two interconnected projects involving up to 1,000 electric buses, with a combined debt size exceeding £200m (one of which was documented as a green loan). Andrew Eaton heads the team.
Responsables de la pratique:
Andrew Eaton
Autres avocats clés:
Rachael Ruane; Rohan Campbell; Graham Soar; Stuart McMillan; Richard Leeming; Katie Allen; Victoria Allsopp; Alistair Rattray; Tom Farrell; Alison Logan; Christopher Herford; Elin Blundell; Luke Addison
Principaux clients
HSBC
FirstGroup plc
Atlantic Green UK Limited
Rock Rail Holdings Limited
Santander
Rabobank
TP Leasing
Kineo Finance AG
National Westminster Bank plc
Export Development Canada
Investec Bank plc
Banco de Sabadell S.A.
AIB Group (UK) plc
Principaux dossiers
- Advised longstanding listed client FirstGroup plc on the financing of two interconnected projects involving up to 1,000 electric buses, with a combined debt size exceeding £200m.
- Acted for Atlantic Green in securing a £152m financing package for the construction of the 624MWh Cellarhead battery energy storage system (BESS).
- Advised Santander UK, Triple Point and Rabobank on the £70m construction financing of an additional battery energy storage owned and managed by global clean energy enterprise TagEnergy.
Cravath, Swaine & Moore LLP
As well as making a strong impact within the leveraged finance arena, Cravath, Swaine & Moore LLP‘s relatively newly formed English law finance offering has also picked up its fair share of mandates for banks in relation to corporate lending and event-driven syndicated lending transactions. Philip Stopford has been key to much of this workflow, often collaborating with the firm’s New York office for facilities marketed to US investors, including on some major repricings to take advantage of attractive market conditions. Korey Fevzi heads up the firm’s EMEA banking and credit team from London and has been instrumental to the firm’s immediate creditor-side success in the leveraged finance market.
Responsables de la pratique:
Korey Fevzi
Autres avocats clés:
Philip Stopford; Jackson Lam; Chantelle Dovey; John Hutton
Les références
‘Good sized team that offers a broad range of skills, allowing them to handle complex matters with agility. Strong connectivity between teams ensure seamless collaboration and knowledge sharing.’
‘I usually work with Korey Fevzi a partner in the finance group. I thoroughly enjoy working with him. He is always available and provides timely, concise and practical advice on complex matters. He remains calm and in control even when deals are stressful.’
Principaux dossiers
- Represented the agent and bookrunners in connection with the repricing and upsize of EG Group’s €1.6bn and $1.7bn term facilities.
- Represented the lead arranger, bookrunner, lenders and administrative agent in the c.$4.6bn financing package for American Axle’s takeover of Dowlais.
- Represented the arrangers in a $4.7bn term loan facility and a €2bn term loan facility made available to Belron.
Eversheds Sutherland (International) LLP
Led from London by Nick Swiss and also often working closely with practitioners in key financial centres, both regionally and internationally, Eversheds Sutherland (International) LLP is well-placed to advise banks and corporates providing or receiving the financing to facilitate domestic and cross-border corporate financing needs. Chris Williams is key to much of this work, advising a number of listed corporates on their core loan and treasury requirements, as well as regularly handling syndicated lending work to facilitate event-driven M&A.
Responsables de la pratique:
Nick Swiss
Autres avocats clés:
Chris Williams; Catherine Jones; Alistair Stark
Principaux clients
CRH
Next
XP Power
Citi
ING Bank
HSBC
NatWest
SMBC Bank International
Principaux dossiers
- Advised a syndicate of banks on the refinancing of Avolta AG’s core credit facility.
- Advised a syndicate of banks on new term and revolving credit facilities for GlobalData.
- Advised a multinational pharmaceuticals company on a complex financing package from four funding providers.
Fried, Frank, Harris, Shriver & Jacobson LLP
Led from London by Jons Lehmann, and drawing upon resources from key international financial centres including New York, Fried, Frank, Harris, Shriver & Jacobson LLP‘s ‘high-quality’ practice is well-positioned to advise a lender-focused client base on domestic and cross-border corporate lending and event-driven transactions. A ‘brilliant legal mind’, Neil Caddy is core to the firm’s success in the space and excels in providing ‘extremely strategic advice’, including in the context of back leverage financings and sustainability-linked loans.
Responsables de la pratique:
Jons Lehmann
Autres avocats clés:
Neil Caddy; Graham Greenwood; Ryan Jenkinson
Les références
‘Fried Frank has a high-quality practice capable of handling both domestic and cross-border transactions.’
‘Neil Caddy is a brilliant legal mind, extremely strategic and has great judgement on complex matters.’
Principaux dossiers
Greenberg Traurig, LLP
Under the leadership of asset finance specialist Graeme McLellan, Greenberg Traurig, LLP‘s banking and finance team manages general syndicated lending and investment-grade borrower matters, with a strong focus on key firmwide sectors including real estate and transport. Luke Lado is an important member of the team in light of his versatile practice that includes work for banks, funds and corporates in new money and distressed situations, including in the context of investment grade and cross-over credit financings.
Responsables de la pratique:
Graeme McLellan
Autres avocats clés:
Luke Lado; Rupert Cheetham; Sierra Taylor; Nickie Pickernell; Suraj Padhiar
Les références
‘I think that as a team, they take the time to get to know their client, and to truly understand the key commercial drivers that will determine success. They then ensure that all the advice they give is through that commercial prism.’
Principaux clients
Coöperatieve Rabobank
InPost
Principaux dossiers
- Advising Coöperatieve Rabobank U.A. in connection with the amendment and restatement of a $662.5m acquisition facility with a $750m flex option made available to Sprague Energy and Hartree Partners (as lead sponsor).
- Advising InPost on the acquisition of a 70% equity stake in Menzies Distribution in an all-cash transaction.
Keystone Law
At tech enabled full-service law firm Keystone Law, Isaac Felberbaum and Robert Spedding are focused on advising financial institutions, in either a bilateral or syndicated arrangement, providing loans to supra-national trade entities, multilateral trade finance institutions and banks, particularly in emerging economies. Much of their recent work in this regard has taken place within Turkey, including unsecured syndicate loans to many leading banks in the country containing ESG/sustainability ratchet provisions.
Autres avocats clés:
Isaac Felberbaum; Robert Spedding; Simon Deane-Johns; Martin Brown; Fara Mohammad; Anastasia Papadopoulou
Les références
‘The USP of the team is that the team consists of experienced lawyers who give expert advice with an extremely quick turn around, who take great care over their work.’
‘I deal with two partners in their Banking team: Isaac Felberbaum – simply amazing, always available, unflappable and a fount of expert experienced legal advice. We also work with Rob Spedding, who is an excellent banking lawyer.’
‘Isaac Felberbaum and Rob Spedding have vast knowledge in the syndicated loan space and know all aspects of the process as well as understand both, the borrower’s needs and the lenders’ requirements to find a consent.’
Principaux clients
Emirates NBD Capital Limited
Santander UK PLC
Bank of America Europe DAC
Principaux dossiers
- Advised Emirates NBD Capital Limited as documentation agent and arranger in relation to a high-value unsecured syndicated $323m and €303m loan facility for VakifBank as borrower.
- Provided Isle of Man transactional assistance to Santander UK in respect of several real estate finance transactions including a £10m loan facility made available in respect of the acquisition of an Isle of Man borrower which owns an office building in Guildford.
- Acted for Bank of America as documentation agent and arranger in relation to a high-value unsecured syndicated $432.17m and €297.6m loan facility for Akbank Türk Anonim Şirketi as borrower.
Arnold & Porter
Acting on its own as well as frequently working alongside New York-based colleagues to advise on the English law documented finance needs of US corporates, the small and flexible partner-led team at Arnold & Porter advises both banks and borrowers across a range of financing mandates, including for general corporate lending needs and event-driven financings. Team head Marc Isaacs is key to this work and, as well as regularly supporting institutional corporates on their UK law finance needs, also has niche lender-side sports finance expertise.
Responsables de la pratique:
Marc Isaacs
Principaux clients
Bank of America
Nomura
Principaux dossiers
McGuireWoods London LLP
The ‘exceptional’ team at McGuireWoods London LLP provides a ‘fantastic service’ to US-based lenders, including on bilateral and syndicated deals, to facilitate a range of transatlantic work involving multinationals and UK-based corporates. Drawing upon vast experience in private practice and in-house at a UK bank, ‘very approachable and knowledgeable’ team head Alan Holliday is key to this work, often working closely with the firm’s Charlotte office on deals for core client Bank of America.
Responsables de la pratique:
Alan Holliday
Les références
‘The team at McGuire Woods is exceptional. They go above and beyond to assist with our legal matters and provide us with fantastic service.’
‘Responsive, helpful and good people to work with.’
‘Alan Holliday is a stand-out. He provides competitive rates and has a thorough knowledge of our business and requirements, and works with us to get deals across the line.’
Principaux clients
Bank of America
Fifth Third Bank
Barings Finance LLC
Wells Fargo
Bank of Montreal N.A.
ORIX Growth Capital LLC
African Development Bank
Revera, inc.
BAYVK Immobleien-Dachfonds 1 SCS
Principaux dossiers
Morgan, Lewis & Bockius UK LLP
Led by the ‘very experienced and practical’ Paul Denham, the ‘first-rate’ team at Morgan, Lewis & Bockius UK LLP is particularly effective advising a borrower-focused client base, including sponsor-backed portfolio companies, on cross-border new money and refinancing structures. Much of this work includes close collaboration with lawyers from across the firm’s international network of offices, including on emerging markets transactions involving multi-sourced financings within the Middle-East and Africa.
Responsables de la pratique:
Paul Denham
Autres avocats clés:
Nichola Foley; Konstantin Kochetkov; Abby Clifford; James Mead; Yaroslav Smorodin; Pauline Mutuc
Les références
‘A focused and excellent team with incredible client support.’
‘Paul Denham is the standout lawyer and leads a first rate team. He is very experienced and practical.’
‘Paul Denham has got both banking and restructuring experience, which is immensely valuable as a credit lender. He’s far more commercial than other lawyers I’ve worked with and personable too.’
Principaux clients
StoneCalibre LLC
Arcadium Lithium plc
ATSG Holdings, Inc.
Principaux dossiers
Olaniwun Ajayi (UK) LLP
Under the expert guidance of the ‘calm and measured’ Chuks Ibechukwu, the London office of Nigeria-based full-service firm Olaniwun Ajayi (UK) LLP has established itself as a market leader for handling the English law aspects of Africa-based finance transactions for both lenders and borrowers. The scope of this work is broad-ranging and includes financings utilising both commercial and development finance-backed funding for project and debt finance transactions, particularly in the energy sector. Gabriel Onagoruwa is key to the firm’s success on the sponsor front, where he is often aided by Juanita Derex-Briggs, including on bilateral and syndicated transactions.
Responsables de la pratique:
Chuks Ibechukwu
Autres avocats clés:
Gabriel Onagoruwa; Howard Barrie; Juanita Derex-Briggs; Akemi Kishimoto
Les références
‘The team has managed to find the perfect balance of commercial pragmatism and protecting lender rights brilliantly. I feel safe in their hands – like our interests are being totally protected. The team also really drives the deal forward, keeping momentum up.’
‘Chuks Ibechukwu is an incredible source of knowledge and experience. He brings a calm and measured experience to the transaction.’
‘Juanita Derex-Briggs – Juanita takes the reins completely. I feel she protects the interests of our business and is always across all aspects of a transaction. She is a superstar for sure.’
Principaux clients
Nigeria National Petroleum Corporation Limited
Dangote Cement Plc
Tenoil Petroleum & Energy Services Limited
Bisedge Holding
Veenocks Limited
British International Investment Plc
Mauritius Commercial Bank
Africa Finance Corporation
Nithio
Green GenSet gGmBH
Mirova SunFunder Inc.
Principaux dossiers
- Acting as international legal counsel to the Nigerian National Petroleum Company Limited in connection with its $3.3bn Royalties and Tax Crude Oil-Backed Prepayment Facility, known as Project Gazelle.
- Acting as English legal counsel to Tenoil Petroleum & Energy Services Limited in connection with a $100m syndicated financing for the implementation of a project development plan to optimize crude oil production and evacuation from the Ata and Inanga oil fields, located within Mobil Producing Nigeria’s (MPN) OML 68.
- Advised Dangote Cement Plc on its $675m secured corporate finance term loan.
RPC
Working in an integrated fashion alongside the firm’s corporate team and also regularly representing clients on a standalone basis, RPC‘s banking team handles a range of work, including for working capital purposes and strategic M&A, for a borrower-focused client base. Team head Sukh Ahark and Edward Colville are the principal contacts, with both regularly advising on financings for clients within core areas of sector focus, including retail and insurance.
Responsables de la pratique:
Sukh Ahark
Autres avocats clés:
Edward Colville
Principaux clients
AIG
Frasers Group
Downing LLP
Demica
Shanta Gold
IGIS Asset Management
Cult Wines
NormanMax
Adient plc
Beyond Bamboo
Principaux dossiers
- Advising Frasers on multiple strategic transactions. From financing on investments and acquisitions to advice on partnerships and business collaborations.
- Advised Brandhouse Global Limited, an international corporate advisory and investment company, on multiple funding arrangements, including a short-term secured loan granted to AITA Films Limited to provide funding for the production of a motion picture film, currently allotted to the filming of Angels in the Asylum.
- Advised leading Spanish insurer Divina Seguros on the renegotiation of its €146m secured loan agreement with UBS, entered into as part of a long-term investment strategy.
Squire Patton Boggs
With a strong presence in London and key regional hubs, alongside extensive international capabilities, Squire Patton Boggs is well-positioned to provide strategic guidance to a diverse mix of corporates and lenders across corporate lending and event-driven financings. The financial services team, which is led by Paula Laird, is adept at structuring transactions with debt throughout the capital structure, including in the context of more niche financing products such as asset based lending. Ian Yeo, who has a strong focus on energy-related corporate lending and emerging markets-associated acquisition finance mandates, is also recommended.
Responsables de la pratique:
Paula Laird
Autres avocats clés:
Ian Yeo; Chris Hastings; Jon Lent; Ilze Vigo; Tom Dell’Avvocato
Les références
‘Smart, intelligent lawyers, helpful in all aspects of a transaction.’
‘Paula Laird is superb. Leads transactions and is super commercial.’
Principaux clients
Aurelius Group
Blazehill Credit Opportunities
BZ Commercial Finance Designated Activity Company
Callodine
Cerberus
Clydesdale Bank PLC/Virgin Money
Deer Capital
ECI Partners
Econergy Renewable Energy
Eurazeo Debt Capital
HSBC UK Bank
Lloyds Bank
Logicalis
National Westminster Bank
OakNorth Bank
Swangate Energy Storage
Principaux dossiers
- Advised Econergy International on a financing from funds advised by Rivage Investment to finance the equity investment in various solar, wind and battery storage projects across Western and Eastern Europe.
- Acting for Blazehill in connection with cross-border facilities to the Eirtrade aviation group.
- Advised Aurelius and its portfolio company FootAsylum in connection with the refinancing of existing facilities with a revolving credit facility provided by HSBC.
Stephenson Harwood
Stephenson Harwood is best-known for its borrower expertise, including advice to listed entities and large private companies on their general corporate lending and acquisition finance needs. Julie Romer regularly supports the firm’s corporate team on debt financing work, as well as being the chief architect behind the continued growth of the firm’s lender offering. Romer co-heads the team alongside real estate finance expert James Linforth, who also handles some fund financing work.
Responsables de la pratique:
James Linforth; Julie Romer
Autres avocats clés:
Daniel Margolis; George Vaughton; David Harris
Principaux clients
Bellevue Healthcare Trust plc
InfraXmedia
Principaux dossiers
- Advising Bellevue Healthcare Trust plc in connection with the restatement and extension of their facilities with Scotiabank.
- Advising InfraXMedia in connection with the raising of financing to fund its acquisition of Winning 10.