Drawing on expertise across pure leveraged finance, corporate lending, structured finance and restructuring, the ‘extremely efficient and collaborative’ team at Linklaters LLP provides ’high-quality work’ across the full range and life cycle of financial transactions to banks, funds and investment grade corporates. This versatile and holistic approach ensures that it is ‘able to deliver at an extremely high level on a hugely complicated breadth of transactions’, running the gamut from bank and bond structures, and TLBs, through to unitranche facilities and PIK financings. The ’highly commercial’ Oliver Sceales  has deep traction among sponsors, which are appreciative of his ability to ‘deliver market leading terms in an incredibly user friendly and dynamic fashion’. Lauded for his ’commercial acumen and constructive approach’, Pathik Gandhi ‘is well respected by the lender community’, ensuring that he is a popular choice both on leveraged finance deals, where he is instructed bank side, as well as where the lender is a counterparty. Chris Medley excels in providing lender side advice on sponsor-backed leveraged deals, both for banks on large underwritten TLB transactions, as well as for credit funds on unitranche financings. Other recommended practitioners include seasoned banking lawyer Nick Syson , whose work at the vanguard of the market has included the development of the now well-established European cov-lite leveraged loan product; Rohan Saha, for his work across products for banks and credit funds; and David Irvine, who co-heads the leveraged finance practice alongside Sceales.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'This  extremely efficient and collaborative team provides high-quality work.’

  • 'They are able to deliver at an extremely high level on a hugely complicated breadth of transaction structures, timelines and negotiating dynamics.'

  • 'They are a market leading practice - technically excellent, powerfully commercial and extremely responsive.’

  • ‘The highly commercial Oliver Sceales is at the forefront of the market, and delivers market leading terms in an incredibly user friendly and dynamic fashion.'

  • 'Pathik Gandhi is a trusted bank side adviser and is well respected by the lender community. We are grateful for Pathik's commercial acumen and constructive approach.’

Key clients

  • Apollo
  • Arcmont
  • Bank of America
  • Barclays
  • BNP Paribas
  • Brookfield
  • Carlyle
  • Cerberus
  • Citibank, N.A.
  • Credit Agricole
  • CVC
  • Deutsche Bank
  • Goldman Sachs
  • Goldman Sachs PE
  • Hayfin
  • Hg
  • Hillhouse
  • HSBC Bank Plc
  • J.P. Morgan
  • MUFG Bank, Ltd.
  • PAI
  • Triton

Work highlights

  • Advised the arrangers, bookrunners and lenders on the €2,075m cov-lite TLB senior financing, €375m revolving credit facility and €470m second lien financing supporting CVC’s acquisition of Ekaterra B.V. from Unilever.
  • Advised Aristocrat Leisure Limited (Aristocrat) in relation to the financing of its recommended cash offer for the entire issued and to be issued ordinary share capital of Playtech plc.
  • Advised Citi and Société Générale as joint underwriters, mandated lead arrangers and bookrunners on a £4.1bn acquisition bridge facility for Schneider Electric SE.

Lawyers

Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Hall of fameLinklaters LLP
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.
Leading associates
Rising stars with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Linklaters LLP
Oliver brings significant experience in structuring and executing sponsor-backed leveraged acquisition finance transactions in the European market. Oliver’s particular focus is acting for financial sponsors on leveraged buy-outs across the capital structure. Oliver is the co-head of Linklaters’ Leveraged Finance practice. He has been a partner since 2016 and joined Linklaters’ banking team in 2006. Before joining the firm, Oliver worked for Allens, Linklaters’ integrated alliance partner in Australia.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Linklaters LLP
Chris advises bank and fund clients on cross-border debt financings, refinancings and restructurings. He has a particular focus on sponsor-backed leveraged acquisition finance and routinely works on the largest and most complex sponsor-backed financing structures in the European leverage finance market, including term loan B financings, bank and bond structures, unitranche financings and post-IPO financings. Chris frequently works with, and is well known to, leading underwriting banks on underwritten term loan B financings and is likewise well known to direct lenders on unitranche financings. Chris was previously seconded to the leveraged finance and high-yield teams of JP Morgan and Citibank, which gives him a deep understanding of the internal workings of origination, credit and execution teams, allowing him to provide practical and tailored advice to bank, fund and sponsor clients. He also spent two years on secondment to the firm’s Madrid office and speaks Spanish.
Linklaters LLP
Rohan has a wide range of experience advising banks and credit funds across the credit spectrum on a number of products with primary focus on financial sponsor backed cross-border debt financings. He has worked on various financing structures and products, and is particularly well versed with incurrence based term loan B financings, unitranche / direct lending structures, super-senior revolving credit facilities, bank/bond structures and junior/subordinated credit products. He has advised creditors on some of the largest and most complex European leveraged finance transactions in the past few years. Rohan was seconded to the leveraged finance team at Credit Suisse in 2018 and is able to use the experience gained on the secondment to provide practical and tailored advice to bank and fund clients. Rohan is one of the diversity and inclusion champions in the banking department in London and is focused on promoting under-represented diverse talent within the firm. Rohan joined Linklaters in 2011 and joined the banking team in 2013.
Linklaters LLP
Pathik has a wide range of experience advising arranging banks, credit funds, financial sponsors and corporates across the credit spectrum on leveraged and acquisition financings (both syndicated and private debt), infrastructure financings, NAV financings and restructurings. He has a particular focus on sponsor-backed and cross-border leveraged finance and acquisition financing structures, having worked on several covenant-lite TLB financings, direct lending / unitranche structures, infrastructure financings, NAV financings, bridge financings, public acquisition financings, bank / bond financing structures and financial restructurings.

Practice head

The lawyer(s) leading their teams.

David Irvine, Oliver Sceales, Toby Grimstone, Oliver Edwards

Other key lawyers

Nick Syson, Chris Medley, Andrew Jennens, Pathik Gandhi, Rohan Saha, Angus Graham, Thomas Waller, James Martin, Ian Callaghan, William Evans, Caroline Courtney, Sam Mahboubian, Jo Jimenez, Daniel Peach, Tarini Wettimuny, Nikhita Suria, Lizanne Blair, Atish Shah, Shao-Ling Angoh