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Proskauer Rose LLP

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Focused almost entirely on private credit fund-related work, the ‘highly experienced and commercial’ team at Proskauer Rose LLP has developed a market-leading offering for very active funds, including Ares and Alcentra, which are appreciative of its ’ability to know when to push and when not to push depending on deal dynamics and the counterparties involved’. Although mid-market financings remain the cornerstone of the practice, it has successfully followed its clients, some of which are writing increasingly bigger cheques to facilitate M&A extending into the upper-mid-market and beyond. This was recently exemplified by the ‘attentive and commercial’ Alexander Griffith’s and Harriet West ‘s advice to Ares on the financing for the “take-private” acquisition by Epiris and Astorg of Euromoney Institutional Investor plc. Faisal Ramzan co-heads the team alongside Griffith and is noted for his expertise at handling complex domestic and cross-border transactions, often involving multiple tranches of debt. Daniel Hendon  is also recommended. Ben Davis joined Eversheds Sutherland (International) LLP in July 2023.    

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The team is highly experienced in advising debt funds and has worked on several transactions for us. This is a broader and stronger team than most practices. It also has a positive culture and is enjoyable to work with.’

  • 'It is a large team predominantly focused on private credit funds, and therefore has a strong knowledge of market terms given its deal flow.'

  • 'The team is commercial and has the ability to know when to push and when not to push depending on deal dynamics and the counterparties involved.'

  • ‘Alex Griffith is attentive and commercial and gets into the detail while giving room for strong associates to develop.'

Key clients

  • Adams Street
  • Alcentra
  • Apera Asset Management
  • Apollo
  • Arcmont Asset Management Limited
  • Ardian
  • Ares Management
  • Ashgrove Capital
  • Bain Capital Credit
  • Barings
  • BlackRock
  • Blackstone Credit
  • Bridgepoint Credit
  • CDPQ
  • Cheyne
  • CORDET Capital
  • Crescent
  • First Eagle
  • General Atlantic Credit (formerly known as Atlantic Park)
  • GIC
  • Golub Capital
  • Goldman Sachs International
  • HarbourVest
  • HayFin
  • HPS (Highbridge)
  • ICG
  • Kartesia Management
  • KKR Credit
  • LGT
  • MidCap (part of Apollo)
  • M&G Investments
  • Monroe Capital
  • Muzinich & Co
  • Park Square
  • Pemberton
  • Phoenix Investments
  • Sixth Street Partners
  • Three Hills (THCP Advisory Limited)
  • Tikehau Investment Management

Work highlights

  • Advised Ares Management on the provision of approx. £1.7bn in financing for the “Take-Private” acquisition by Epiris and Astorg of Euromoney Institutional Investor plc.
  • Represented General Atlantic Credit (whose investment strategy is to provide strategic partnership capital across both debt and equity structures) and GIC (a sovereign wealth fund in Singapore that manages its foreign reserves), in providing a bespoke €550m convertible loan agreement, which will mandatorily convert into ordinary shares of Cheplapharm AG (a leading German pharmaceutical company that markets branded drugs, medical products, supplements and cosmetics).
  • Represented Goldman Sachs, a global leading investment lender, which supported TA Associates in the issuance of further PIK and senior financing (approx. €333m (with upsizes)) to support bolt-on acquisitions to be made by the Nactarome Group.

Lawyers

Leading individuals

Alexander Griffith

Alexander Griffith

Proskauer Rose LLP

Alex Griffith is a partner in Proskauer's Corporate Department and a member of Proskauer's Private Credit and Finance Groups. Alex’s practice focuses on leveraged finance and general debt finance work, advising senior, mezzanine, second lien, unitranche and other private capital providers. His extensive experience covers a wide range of transactions, including corporate refinancings, management buyouts and buy-ins, recapitalizations, institutional acquisitions, restructurings, public-to-private takeovers (both domestic and international), and other innovative, first-in-kind transactions involving private sources of capital. In addition, Alex advises financial sponsors, corporates and management teams on the raising of debt finance in the European Markets.

Next Generation Partners

Daniel Hendon

Daniel Hendon

Proskauer Rose LLP

Daniel Hendon is a partner in Proskauer's Corporate Department and a member of The Private Credit and Finance Groups. Daniel’s particular areas of expertise are leveraged finance, general debt finance and debt restructurings in the middle market and upper market. Daniel’s practice focuses on acting for UK and international lenders (with a specialist focus on alternative lenders and private credit funds), private equity sponsors and corporates on a variety of UK and cross-border acquisition finance and corporate lending transactions, including private equity backed buyouts, management buy-outs, corporate M&A, refinancings and restructurings of leveraged assets involving senior, unitranche, first out / last out structures, second lien, holdco PIK and other subordinated facilities. Daniel has extensive experience in intercreditor and interlender issues and he regularly negotiates intercreditor and subordination agreements and other complex interlender agreements. Daniel has been a speaker at industry conferences.

Practice head

The lawyer(s) leading their teams.

Alexander Griffith, Faisal Ramzan

Other key lawyers

Barry Newman, Daniel Hendon, Harriet West, Charlotte Boylin, Phil Anscombe