Kirkland & Ellis International LLP represents Sankaty Advisors, LLC, the credit affiliate of Bain Capital, LLC, on the purchase of a portfolio of 26 loans owned by members of the Lloyds Banking Group, with an outstanding value of more than £500 million. The transaction signed on 15 March 2012.
"We are very pleased to have been called upon by Sankaty to assist on this significant transaction," said Kirkland debt finance partner Stephen Gillespie. "We expect European lenders to continue bringing distressed loan portfolios to market, and with more than 100 debt finance lawyers in major financial centers around the world, Kirkland & Ellis is well-positioned to help debt investors take advantage of the opportunities available to them."
A Kirkland team led by London debt finance partner Stephen Gillespie and corporate partner Sam Pakbaz included corporate partner Rory Mullarkey, restructuring partners Kon Asimacopoulos, Partha Kar and Elaine Nolan, tax partners Ian Taplin, Anna Fallowfield and Chicago-based Mike Carew, New York-based derivatives partner Scott Gordon, Munich-based debt finance partner Wolfgang Nardi, corporate associate Valerie Goldstein, debt finance associates Mark Fine and David Bulley, and restructuring associates Frederick Powles, Mark Knight, Jifree Cader and Lucy Anderson.
Kirkland's leading debt finance practice includes the representation of both borrowers and lenders in a wide variety of transactions. Kirkland finance lawyers are generally also active in the Firm's private equity practice, as well as its capital markets and restructuring practices, representing equity investors, buyout sponsors and borrowers, among others. The multidisciplinary approach of the Firm's debt finance practice utilizes Kirkland's broad experience in a number of disciplines when advising on complex financing transactions, including mergers and acquisitions, capital markets and restructuring.
Kirkland & Ellis is a 1,500-attorney law firm representing global clients in complex debt finance, corporate, tax, restructuring, litigation and dispute resolution/arbitration, and intellectual property and technology matters. The Firm has offices in London, Chicago, Hong Kong, Los Angeles, Munich, New York, Palo Alto, San Francisco, Shanghai and Washington, D.C.
Sankaty Advisors, LLC, is a leading private manager of fixed income and credit instruments. With approximately $16 billion in committed assets under management, Sankaty invests in a wide variety of securities and investments, including leveraged loans, high-yield bonds, distressed/stressed debt, mezzanine debt, structured products and equities. Headquartered in Boston, the firm has offices in London, New York and Chicago.