Banking & Finance: Sponsors
Europe Guide 2024 : UK
Band 4
Email address
[email protected]Contact number
(020) 7786 9000About
Provided by Debevoise & Plimpton LLP
Debevoise’s European finance team draws on broad experience to provide innovative solutions
The firm’s finance team in Europe has particular experience advising private equity sponsors. This includes advising on leveraged financings as well as advising portfolio companies on their ongoing financing requirements. The team advises on all types of leveraged debt structures, including TLB, second lien financings, holdco PIK debt and bond issuances. It also has deep experience advising debt funds in connection with their debt financings and advising all types of fund sponsors on fund level financing (subscription lines, NAV lines, management financings).
The team is renowned for working with clients on some of the market’s most complicated transactions and, over the years, has worked closely with colleagues in New York to introduce innovations that have become market norms in Europe and the U.S. This experience gives it an intricate working knowledge of the latest deal technologies and terms, and the ability to create new solutions for clients.
Debevoise’s European Finance practice includes senior lawyers qualified in English, French, German, and New York law. It is ideally placed to advise clients on distinctly European matters, as well as on transactions structured to be syndicated in whole or in part in the U.S. market under New York law. .
Chambers Review
Debevoise & Plimpton is a well-regarded finance practice noted for its expertise in acquisition and fund financing matters, demonstrating particular sector expertise in private equity. It regularly acts for a range of international sponsors while complementing its practice with prominent UK corporate borrowers. The department has additional expertise advising on bond financings and financial restructurings.
Work Highlights
- Debevoise & Plimpton advised Clayton, Dubilier & Rice Europe on the financings of its acquisitions of OCS Group and certain entities of the Atalian group to create a global facilities management platform, consisting of a £117 million revolving credit facility as well as a £428 million and EUR172.5 million unitranche facility.
Strengths
Provided by Chambers
"They are our go-to firm when it comes to financings. The service we get from Debevoise, by virtue of the quality of the people we work with and their knowledge of what we do, is a great value proposition."
"The team is very strong in terms of execution, advice and proactive efforts."
"The team is always very responsive on matters both small and large, and gives thoughtful replies to our questions."
"Debevoise is a clear leader in the fund finance market, with a very commercial approach and sound technical and legal advice."
"Debevoise & Plimpton was highly capable at handling complex and bespoke transactions, providing excellent guidance on various topics and showcasing the ability to reflect complicated business arrangements into the legal documentation."
"They are our go-to firm when it comes to financings. The service we get from Debevoise, by virtue of the quality of the people we work with and their knowledge of what we do, is a great value proposition."
"The team is very strong in terms of execution, advice and proactive efforts."
"The team is always very responsive on matters both small and large, and gives thoughtful replies to our questions."
"Debevoise is a clear leader in the fund finance market, with a very commercial approach and sound technical and legal advice."
"Debevoise & Plimpton was highly capable at handling complex and bespoke transactions, providing excellent guidance on various topics and showcasing the ability to reflect complicated business arrangements into the legal documentation."
Notable Practitioners
Alan Davies acts for domestic and international clients on a range of transactions. His finance practice spans structured, acquisition and asset finance matters, in addition to fund financing.
"Alan is incredibly hard-working, trustworthy and technically excellent."
"Alan is a well-rounded, experienced professional."
"Alan is technically and commercially excellent and provides creative solutions to clients when required."