On an annual basis, Chambers & Partners conducts extensive research and analysis in compiling its objective list of talent available at the highest level of European legal practice. Its research methodology has been independently audited and confirmed to be thorough, robust and complete.
In Chambers' 2008 review of legal talent in the area of Banking & Finance, our Firm is listed among the best in Europe.
Banking & Finance: Acquisition Finance
UK Ranking: Tier 4
The Firm: This firm is increasingly active in domestic and European acquisition finance as it consolidates its position in the London market. Following the lateral hires of Stephen Gillespie from Allen & Overy and two private equity partners from Linklaters, business is booming for the firm on the sponsor side. The firm has clearly profited from Gillespie's broad banking background and enjoyed some new client wins: "Any team would benefit from having Stephen on board," said one interviewee. The firm is characterised by "an aggressive negotiation style" and is well connected with key clients in the private equity industry, notably Madison Dearborn Partners and Bain Capital. Close ties to the US market lead to a steady deal flow for the finance group: "If one of the firm’s regular sponsor clients is involved in a transaction on either side of the pond, you know K&E will be handling the finance on the deal." This firm may not have a lender client base but with a "solid" raft of sponsors on its books, it is unabashed in its strategy not to build one; and in the current market it is respected for it.
The Lawyers: Former senior partner at Allen & Overy Stephen Gillespie is a seasoned professional with years of experience in acquisition finance matters. Clients appreciate his personable and flexible approach to transactions. John Markland is recommended for his "commercially focused" leveraged finance work across Europe. Neel Sachdev was recently made partner and continues to impress sources with his business acumen and client-facing skills.
Clients/Work Highlights: Clients include The Blackstone Group; Industri Kapital; Moor Park Capital; Permira and Silver Point Capital Europe. The team advised R20 on opco/propco facilities on the acquisition of a pub estate from Enterprises Inns; and acted for Bridgepoint Capital on its acquisition of Rodenstock from Permira Advisers.