England - London • Finance

Paul Hastings LLP

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Paul Hastings LLP has been on upward trajectory in the leveraged finance market for the last decade, with a series of astute recent hires reaching its apogee in 2022 with the recruitment of a team of high-profile finance lawyers from top-tier outfit Latham & Watkins. Consequently, the firm now has the critical mass and product knowledge, particularly in the big-ticket lender side bank and bond market (where it is well-versed in advising on European and US-style documentation), to provide a truly credible alternative to its magic circle and white shoe US firm competitors. The team is jointly chared by Ross Anderson and Mohamed Nurmohamed, who are both able to draw on significant cross-border leveraged finance experience across a diverse array of financial products. Former practice co-head Luke McDougall  left the firm in May 2024.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Top breadth and depth. One of the best in the market.'
  • 'Great ability to pin-point only the items that matter.'
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Key clients

  • Goldman Sachs
  • Bank of America Merrill Lynch
  • Morgan Stanley
  • Credit Suisse
  • Deutsche Bank
  • Sixth Street
  • KKR
  • JP Morgan
  • Ares
  • Barings
  • HSBC
  • Barclays
  • Golub
  • Jefferies
  • CVC Credit
  • Apollo
  • BNP Paribas
  • Nordea
  • Pemberton

Work highlights

  • Acted for 12 banks and six funds delivering a capital structure comprising a senior secured TLB and RCF, privately placed SUNs, PIK notes and preference shares, totaling around $2.3bn in connection with Advent/Cobham’s public-to-private acquisition of Ultra plc.
  • Advised 12 banks on a €1.15bn bank underwritten first lien financing and four funds on a €265m privately placed second lien facility for the purchase by Advent International, of Caldic BV  from Goldman Sachs Asset Management (GSAM), and the simultaneous merger of Caldic with Advent’s portfolio company, Grupo Transmerquim S.A.
  • Represented Mizuho, as fronting bank, and Kroll, as agent, in relation to an incremental facility to the senior facilities agreement entered into in connection with Advent Fund 8’s acquisition of Mediq.

Lawyers

Leading individuals

Ross  Anderson

Ross Anderson

Paul Hastings LLP

Ross Anderson is a partner in the Global Finance practice at Paul Hastings and is based in the firm’s London office. He has experience across a broad range of issues in banking law, with particular emphasis on matters relating to leveraged finance, private equity finance, and cross-border acquisition financing transactions.

Mohamed Nurmohamed

Mohamed Nurmohamed

Paul Hastings LLP

Mo Nurmohamed is a co-chair of the Global Finance practice at Paul Hastings and is based in the firm’s London office. He has experience across a broad range of issues in banking law, with particular emphasis on matters relating to leverage finance and private equity finance transactions. Mr. Nurmohamed has particular experience in relation to cross-border acquisition and leveraged finance transactions. He was selected by Financial News as one of its 2014 40 Under 40 list of rising stars in the European legal profession. He has also been seconded to both J.P. Morgan’s credit team and Deutsche Bank’s leveraged finance team.

Practice head

The lawyer(s) leading their teams.

Mo Nurmohamed, Ross Anderson

Other key lawyers

Karan Chopra, Peter Hayes, Rob Davidson