Images are still loading please cancel your preview and try again shortly.
Accessibility tools
Skip to main content
Linklaters

Leveraged Finance

Linklaters’ leveraged finance practice advises the world’s most sophisticated financial sponsors, investment banks and credit funds on their most complex and challenging financing transactions.

Find out more

Our top tier leveraged finance lawyers are leaders in our markets with expertise in all key products across the capital structure: LBOs, P2Ps, TLBs, high yield bonds, unitranche and direct lending, private credit products, ARR financings, margin lending, fund financing, infrastructure and real-estate finance. We work closely with our leading PE and M&A practice to guide our client through acquisition structures.

We are one of the first firms to fully integrate our U.S. high yield lawyers into our Leveraged Finance practice, giving us the unique ability to deliver a full-service approach.

We are an engaged, pragmatic and proactive team. We pride ourselves on having excellent working relationships with all key participants in the leveraged finance market (financial sponsors, law firms, banks and credit funds) and our ability to consistently deliver an outstanding service to our clients. Our deep-rooted knowledge and expertise results in quick execution on transactions and enables us to provide our clients with innovative financing solutions.

We have dedicated leveraged finance practitioners in London, Benelux, France, Germany, Hong Kong SAR, Italy, New York, Singapore, Spain and Sweden.

Our recent highlights

Acting for Sponsors

  • Hg: advising on the financing for its P2P offer for Ideagen plc.
  • Brookfield: advising on the financing for its £4bn public offer for HomeServe plc.
  • Carlyle: advising on the TLB, RCF and PIK financing for its US$2bn acquisition of Autoform.
  • Carlyle: advising on the financing for its investment in Acrotec.
  • Carlyle: advising on the €1.32bn cov-lite financing for its acquisition of Flender and subsequent dividend recap/RCF upsize.
  • Goldman Sachs PE: advising on the financings for its acquisitions of Advania, Visolit, Content + Cloud and Valtti.
  • GBL: advising on the financing for its acquisitions of Webhelp and OneLink.
  • Hillhouse: advising on the financing for its US$3.7bn acquisition of the Phillips Domestic Appliances business.
  • Montagu: advising on the PIK financing for its acquisition of Waystone Group.
  • PAI: advising on the financing for its acquisition of Areas.
  • IPI Partners: advising on the financing for its acquisition of Digiplex.
  • Hg: advising on the financing for its acquisition of TrackUnit.
  • Hg: advising on the financing for its acquisition of a minority stake in Pirum Systems.
  • Warburg Pincus and Towerbrook: advising on the financing for the £2.8bn offer and takeover of The AA plc.
  • Digital Bridge: advising on the financing of its acquisition (through Vantage Data Centres) of a UK data centre business.

Acting for Arrangers and Lenders

  • The lenders: advising on the refinancing of Toi Toi & Dixi’s existing facilities.
  • The lenders: advising on the €6.6bn financing for the Orange Espagne merger and €3.5bn financing for the Euskaltel P2P.
  • The arranger/interim lender: advising on the financing for KKR’s public cash offer for Albioma.
  • The arrangers: advising on the TLB, RCF and holdco PIK to refinance the Wella Group.
  • The MLAs: advising on the cov-lite TLB and RCF refinancing of the Paysafe Group.
  • The MLAs: advising on the financing for PAI’s acquisition of a majority stake in Uvesco.
  • The MLAs: advising on the financing for CVC’s €4.5bn acquisition of Ekaterra B.V. (Unilever Teas).
  • The MLAs: advising on the €915m TLB, €160m RCF and €235m 2L financing for CVC’s acquisition of a majority stake in Cooper Consumer Health.
  • The MLAs: advising on the €330m TLB, guarantee facility and RCF financing for Carlyle’s P2P acquisition of Schaltbau Holdings.
  • The MLAs: advising on the financing for Permira’s acquisition of Neuraxpharm and additional debt for subsequent acquisitions by the Neuraxpharm group.
  • The arrangers: advising on the financing for KKR’s €1.56m P2P acquisition of the Accell Group.
  • The MLAs: advising on the cov-lite TLB and PIK financing for OTTP’s acquisition of Logoplaste.
  • The lenders: advising on the financing for PAI’s €1.6bn acquisition of Apleona.
  • The MLAs: advising on the financing for KKR’s £2bn acquisition of John Laing plc in partnership with Equitix.
  • The MLAs: advising on the financing for Astorg’s acquisition of the Corialis Group.

 

Acting for Unitranche Lenders

  • The unitranche lender: advising on the financing for Astorg’s acquisition of IPCOM.
  • The unitranche lender: advising on the financing for Bridgepoint’s acquisition of MiQ.
  • The lenders: advising on the refinancing of MSX International’s existing facilities.
  • The unitranche and PIK lenders: Corden Pharma: advising on the financing for Astorg’s acquisition of Corden Pharma.
  • The unitranche lender and the ssRCF lenders: advising on the financing for CVC’s acquisition of Neolith.
  • The unitranche noteholder: advising on the financing for Carlyle’s acquisition of Ocmis.
  • The unitranche lender and ssRCF lenders: advising on the refinancing of Moneycorp’s existing facilities.
  • The senior unitranche noteholders and ssRCF lenders: advising on the financing for Carlyle’s acquisition of Dainese.
  • The unitranche lender and ssRCF lender: advising on the financing for Bridgepoint’s acquisition of the Inspired Thinking Group.
  • The unitranche lender: advising on the financing for Accel-KKR’s acquisition of Mindworking.
  • The unitranche lender: Kimble: advising on the financing for Accel-KKR’s additional investments in Kimble.
  • The unitranche lenders and ssRCF lenders Infinigate: advising on the financing for Bridgepoint’s acquisition of the Infinigate Group (and subsequent acquisitions of Starlink and Nuvias).
  • The unitranche lender: advising on the financing for Carlyle’s acquisition of END Clothing.
  • The unitranche lender: advising on the financing for Permira’s acquisition of a stake in the New Immo Group.
  • The unitranche lenders: advising on the financing for Astorg/ Bridgepoint’s acquisition of Fenergo Group.

Awards and Rankings

London

UK

  • Tier 1 for Acquisition Finance
    Legal 500 2022
  • Band 1 for Banking & Finance: Borrowers: Big Ticket
    Chambers UK 2022
  • Band 1 for Banking & Finance: Lenders: Big Ticket
    Chambers UK 2022
  • Tier 1 for Bank lending: Investment Grade Debt & Syndicated Loans
    Legal 500 2022
  • Band 2 for Banking & Finance: Sponsors
    Chambers UK 2022
Close X
Building

EMEA

  • Band 1 for Banking & Finance
    Chambers Belgium 2022
  • Band 1 for Banking & Finance
    Chambers Luxembourg 2022
  • Band 1 for Banking & Finance
    Chambers Italy 2022
  • Band 1 for Banking & Finance
    Chambers Portugal 2022
  • Band 1 for Banking & Finance
    Chambers Spain 2022
  • Band 1 for Banking & Finance
    Chambers United Arab Emirates 2022
Close X
Hong Kong

Asia

  • Band 1 for Banking & Finance
    Chambers Asia-Pacific 2022
  • Band 1 for Banking & Finance
    Chambers Singapore 2022
  • Band 1 Banking & Finance
    Chambers Asia-Pacific 2022
     
Close X
Europe

Global

  • Band 1 for Banking & Finance
    Chambers Global 2022
Close X
Building swirl

Quotes

  • "It is a great team, all rowing in the one direction and very commercial."
    Legal 500 Acquisition Finance UK 2022
  • "They have a strong team across their expert groups," and add: "They provide a lot of good partner attention, and the junior team members do a good job."
    Chambers Banking & Finance UK 2022
  • “Linklaters is a standout team," says a client who adds: "They can handle crazy time-pressured deals and provide extremely good service - they are very thought out and issue-led in approach."
     Chambers Banking & Finance UK 2022
Close X
   

Key Contacts

For more information on how we can support you, please speak to our lawyers below.

Explore our key Banking services

Flying Plane

Asset Finance

The multi-disciplinary approach and global reach of Linklaters' Asset Finance practice offer major asset finance industry participants a critical competitive advantage.

Find out more
Close X
Corporate and structured lending

Corporate and Structured Lending

Linklaters has a broad banking practice at the top of the market with leading relationships with all major banks and corporates in the syndicated loan market.

Find out more
Close X
Glass building

Financial Structuring - Prudential Regulation

Advising global banks and other financial institutions on financial structuring transactions, including providing prudential regulatory expertise.

Find out more
Close X
Fund Finance

Fund Finance

A market-leading funds finance practice.

Find out more
Close X
High Yield

High Yield

Linklater’s high yield group is fully integrated into the firm’s banking and private equity practices and comprises highly regarded lawyers with leading high yield and restructuring expertise.

Find out more
Close X
Data and stats

Leveraged Finance

Linklaters offers an impressive leveraged finance capability with many partners recognised as leaders in their field. Our expertise is at the cutting edge of the market and we continue to advise on some of the biggest, most complex and innovative global deals.

Find out more
Close X
Building and sun

Real Estate Finance

Linklaters' global real estate finance team combines the experience of the firm's pre-eminent finance, real estate and tax practices.

Find out more
Close X
Data

Restructuring and Insolvency

Linklaters' global restructuring and insolvency lawyers handle the world's most challenging and significant domestic and cross-border assignments.

Find out more
Close X
Trade

Trade Finance

Trade finance transactions demand a combination of legal expertise and commercial awareness across a wide range of demanding jurisdictions.

Find out more
Close X
Building_sunset

Margin Lending

We have acted on nearly every high profile European margin loan in the last five years and we are the pre-eminent creditor-facing margin lending team in Europe. Margin loans were traditionally used by institutions to monetise long term holdings in equities. They have now become an essential part of the capital structure for a financial sponsor where they are buying or holding listed shares.

Find out more
Close X
corporate buildings

Banking Litigation

Banking litigation lawyers at Linklaters have advised leading investment banks and other financial institutions on some of largest and most complex recent financial disputes.

Find out more
Close X
   
x Find a Lawyer