Cravath, Swaine & Moore LLP has hit the ground running since the establishment of its London-based UK law loans team in March 2023 which effectively complements a pre-existing New York law high yield team. Focusing squarely on creditor-side mandates, chiefly for large investment banks but also for some credit funds, the ‘outstanding’ team has a strong profile for large-cap deals and has in a relatively quiet market handled some high-value sponsor-backed matters. Team head Korey Fevzi has a ’deep understanding of the market’ and is a key member of the team, alongside Philip Stopford, who has a ‘sensible approach to transactions’, and Chantelle Dovey, who provides support in cross-border financings involving the European market.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Solid technical knowledge. Very much plugged-in re market trends.'
  • 'Great breadth of experience, offer practical, pragmatic and commercial advice and very responsive.'
  • 'Outstanding service. Incredibly fast responses delivering clear, concise and market informed advice.'
  • 'Korey Fevzi is a great lawyer and a pleasure to work with. He remains calm under pressure and is a great problem solver. His advice is timely, clear and concise.'
  • 'Korey Fevzi has a deep understanding of the market which means he provides well-informed, commercial advice which he combines with his highly technical abilities.'
  • 'Philip Stopford is hugely well regarded. He provides clear advice and has a sensible approach to transactions.'

Key clients

  • Investcorp
  • Marlin Equity Partners
  • Francisco Partners
  • Altamir
  • Various financial institutions
  • Various private credit providers

Work highlights

  • Represented the lead arrangers and initial purchasers in the committed financing supporting the proposed rival bid of €1.42bn for the acquisition of Applus+ by TDR Capital and I Squared Capital.
  • Represented the lead arrangers in connection with the senior credit facilities to finance the acquisition of Palex Medical by funds advised by Apax Partners and Fremman Capital.
  • Represented the administrative agent, arranger and lender in connection with the £375m term loan facility made available to Mars to finance the public-to-private acquisition of Hotel Chocolat.

Lawyers

Leading associates
Leading associates 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.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

Korey Fevzi

Other key lawyers

Philip Stopford, Jackson Lam, Chantelle Dovey, John Hutton