Established in April 2022 following the ‘commercially sharp’ Matthew Smith ’s arrival from Baker McKenzie, Cadwalader, Wickersham & Taft LLP has quickly made an impact with a lender focused client base and is ‘building a growing presence in the private credit markets’. Clients, which include a number of debt funds, appreciate  not only its ’strong technical and commercial understanding’ of core leveraged finance products but also the synergies provided by the firm’s broader competence in fund finance, in particular. The team’s upward trajectory was further underscored by the arrival in April 2023 of the ‘exceptional’ Smridhi Gulati  from Dechert LLP, who now co-heads the team alongside Smith.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Working with the firm is like an extension of our in-house team.’

  • ‘The team are building a growing presence in the private credit markets and do a very good job. They demonstrate strong technical and commercial understanding and are, in our view, more impressive than many of their peer firms.’

  • ‘Matthew Smith is a very strong technical lawyer who is also commercially sharp - he knows how to get deals done and focuses on the important details without getting bogged down in matters that don't mean anything to clients.’

  • ‘The very commercial Matthew Smith has an ability to think more like an investor / shareholder than any other financing partner I know in the market,'

  • 'The exceptional Smridhi Gulati is one of our top choices of lawyers to work with on mid-market private credit deals.'

  • ‘Smridhi Gulati is an exceptional lawyer - commercial, thorough, helping the deal team navigate complex issues that arise in documents.'

  • 'Matthew Mazenier is a standout lawyer who provides clear and thorough advice.'

Key clients

  • Macquarie Principal Finance
  • Ardian Private Credit
  • EMK Capital
  • Bridgepoint Credit
  • Muzinich Private Credit
  • Barings Private Credit
  • Ardian Private Credit
  • Apera Asset Management
  • Hanover Investors Management
  • Goldman Sachs
  • National Westminster Bank

Work highlights

  • Advised the unitranche and holdco lenders (including Bridgepoint Credit)in connection with the unitranche and holdco PIK facilities made available in connection with Bregal Sagemount’s acquisition of certain interests in the Enhesa Group from ICG plc.
  • Advised the unitranche lenders (including Goldman Sachs and Macquarie Principal Finance) in connection with the senior secured facilities (including additional incremental facilities) made available to the Dukes Education Group, one of the largest collection of nurseries, schools and education services in the UK.
  • Advised the Private Equity Sponsor and the Borrower in connection with the unitranche refinancing of EMK Capital’s acquisition of the Outright Games Group (and its subsequent acquisition funding of US-based target GameMill) using facilities made available by Bain Capital Credit (amongst others).

Lawyers

Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Cadwalader, Wickersham & Taft LLP
Matthew Smith is a partner in Cadwalader’s Leveraged Finance & Private Credit Group in London. Matthew advises private equity sponsors, private credit funds, banks and corporate borrowers on leveraged and general finance transactions across a range of sectors. Matthew is widely recognised as a leading individual for private credit and direct lending transactions.
Cadwalader, Wickersham & Taft LLP
Smridhi Gulati is a partner in Cadwalader’s Leveraged Finance & Private Credit Group. She advises UK and international lenders, including private credit funds, banks and other financial institutions, as well as private equity sponsors and corporates on complex lending through the capital structure primarily in relation to UK and cross-border acquisition finance transactions including private equity backed buyouts, management buy-outs, mergers and acquisitions, and refinancing and restructurings of leveraged assets.

Practice head

The lawyer(s) leading their teams.

Matthew Smith, Smridhi Gulati

Other key lawyers

Bevis Metcalfe, Andrew Vickers, Matthew Mazenier, Joe Denyer