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.
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
Practice head
The lawyer(s) leading their teams.
Korey Fevzi