Leveraged & Acquisition Finance

Penny Angell is our UK Managing Partner. Her own practice focuses on acquisition and leveraged finance and other complex corporate debt arrangements.

Never one to adopt a "one size fits all" mentality, Penny has continually adapted to changing market dynamics and debt structures and has consequently advised on a wide array of leverage financings, including senior, mezzanine, PIK and unitranche/super senior financing arrangements on acquisitions and other leveraged finance transactions, including take-privates, bids, leveraged recapitalisations, and domestic and cross-border leveraged buyouts.

Her commercial, solutions-based approach means she is equally at home advising borrowers and lenders (both banks and debt funds). She also has particular experience in the highly regulated area of insurance company financings. Penny brings a wealth of experience derived from a career that spans several credit cycles, enabling her to provide clients with practical, commercial advice on the key issues in structuring and documenting debt finance transactions. This is underlined by Chambers UK 2020, which notes that clients describe working with Penny is as a "flawless experience," because "she is committed and dedicated as well as highly experienced in her field."

In previous years, Penny received the Europe Women in Business Law "Best in Banking & Finance" award. In addition to her client practice, Penny sits on the Financial Law Committee of the City of London Law Society, a respected industry body comprised of representatives from leading London law firms.

B.A. Law, University of Cambridge, Emmanuel College