Banking & Finance - London (Firms)
Basic facts about the department
- 10 partners
- 23 other qualified lawyers
What the team is known for Sophisticated finance offering, regularly handling transactions requiring New York and European expertise. Agile bench, acting on fast-paced cross-border deals for an international client base. Known for its long-standing relationships with key lender and sponsor clients.
Strengths (Quotes mainly from clients)
"One of the few New York firms in the UK that possess a strong high-yield capital markets and leveraged banking practice. Has a high percentage of technically proficient attorneys who are also highly approachable and personable."
"They're very responsive, they have deep technical knowledge and a practical approach."
"They are very proactive and very commercial in their approach; they don't present just the law, they think beyond that and present solutions. They're very useful in really helping us get to where we need to go and in moving the entire process forward."
Work highlights Advised Oberthur Technologies and Advent International on the refinancing, using a covenant-lite term loan B credit facility, of Oberthur's senior bank debt.
Acted for Jefferies and Goldman Sachs in their capacity as lead arrangers for the financing of TSL Education's acquisition by TPG.
Anthony Ward is highlighted as a "strong technical lawyer, who is also very commercial, practical and even-keeled." He advised Investcorp on the financing for its purchase of the Hydrasun Group. He is further described as "intellectually rigorous."
Clifford Atkins took the lead for a group of banks acting as initial purchasers and arrangers on complex financing arrangements for Thomas Cook's refinance, which involved a high-yield bond issue. A client notes that he is "thoughtful and careful in his analysis."
Caroline Leeds Ruby attracts warm praise from sources, with one enthusing that she is "very diligent, extremely responsive, flexible and has deep technical knowledge." She acts for corporate and financial institution clients.
The "technically strong" Peter Hayes is praised for his knowledge, particularly on intercreditor issues. Clients also appreciate his communication skills and ability to "explain very complex legal points to non-legal experts."
Iain Goalen impresses interviewees with his "great attitude" to getting deals done. "He's got a very nice manner," explains a client, adding that he is "a brilliant negotiator." He led the team advising Goldman Sachs and Jefferies Finance on the financing arrangements for TPG's purchase of TSL Education.
Philip Stopford "comes across as very intelligent and quietly effective," according to sources. He is an associate and regularly assists on high-profile deals, including advising Nokia on its financing arrangements for the purchase of Siemens' stake in the Nokia Siemens Networks joint venture.
Significant clients Advent, Citi, Investcorp, Ziggo, Bank of America Merrill Lynch.