Banking, Leveraged Finance

Nick is a market-leading leveraged finance specialist. He acted on his first leveraged buyout in 1988, he set up the firm’s leveraged finance practice in 2001 with Gideon Moore and he was Co-Head of the Leveraged Finance Practice until 2016. Nick was elected by the Partners to the firm’s supervisory board for consecutive terms and he remains on the firm’s audit committee. He is also the firm’s Health and Wellbeing Partner.

Within his practice, he advises arranging banks on financial sponsor-backed leveraged finance transactions and coordinating bank and steering committees on debt restructurings. He also advises on bank/bond financings.

Nick has been involved in a number of pioneering developments in the leveraged finance sector, most recently acting for the underwriters on the financings for both the acquisition of Coty and the bid for MasMovil, being the financing transactions that reopened the European leveraged loan market post Covid19 and, prior to that, on a number of transactions that established and evolved the European cov-lite leveraged loan product. He has also acted on some of the early “Opco/Propco” financings (in which the finance is divided between operating companies and property-owning businesses), regulatory life insurance arbitrage transactions, transactions involving hedging uneven cashflows, infrastructure acquisition financings and numerous debt restructuring transactions. Nick was based in Singapore for two years where he focused on, and developed his knowledge of, regional debt restructuring.