Penny Angell > Hogan Lovells International LLP > London, England > Lawyer Profile

Hogan Lovells International LLP Offices

Hogan Lovells International LLP
ATLANTIC HOUSE
HOLBORN VIADUCT
LONDON
EC1A 2FG
England
Visit website 020 7296 2000 020 7296 2001

Penny Angell

Penny Angell photo
+44 20 7296 5786 [email protected] View profile

Work Department

Leveraged & Acquisition Finance

Position

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.

Languages

English

Memberships

Hogan Lovells representative on Financial Law Committee of City of London Law Society

Education

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

Lawyer Rankings

London > Finance > Acquisition finance

(Hall of Fame)

Penny Angell – Hogan Lovells International LLP

As comfortable handling work for financial sponsors and corporate borrowers as it is lenders, the ‘very experienced’ team at Hogan Lovells International LLP ‘excels at handling work across multiple banking products and markets’. On the creditor front, the firm remains very active in the mid-market for a flourishing credit fund client base and is adept at utilising the full range of debt products typically used in the space, including unitranche. In addition, the firm’s longstanding core banking clients regularly instruct the team on a standalone basis, as well as on deals where they are providing the super senior strips of debt alongside debt funds. Team head Paul Mullen and Jo Robinson are pivotal to the firm’s success in the direct lending field, with Robinson also skilled at advising on Annual Recurring Revenue (ARR) growth financing to tech businesses. In addition to her role as UK managing partner, the vastly experienced Penny Angell also maintains a strong fee-earning offering, including work in relation to the financing of insurance M&A. Francis Booth is experienced at handling direct lending transactions and is a key member of the team.

London > Finance > Bank lending: investment grade debt and syndicated loans

(Leading partners)

Penny Angell – Hogan Lovells International LLP

Although much of Hogan Lovells International LLP‘s lending work is for credit funds in the lucrative mid-market leveraged finance space, it still maintains strong broader bank relationships, regularly advising them on syndicated lending new money and refinancing transactions. Much of this work relates to lending to highly regulated businesses, including pensions and insurance companies, where the firm displays an ‘excellent balance of technical knowledge and commerciality’. Penny Angell remains pivotal to the firm’s success in the space and is noted for her ‘ability to propose solutions to complex problems on short turnaround’. Paul Mullen heads the banking and finance practice globally from London. Matthew Cottis recently retired.

Lawyer Rankings

Top Tier Firm Rankings

Firm Rankings