Expertise

Debt Advisory

Structuring, sourcing and execution of financings across the capital structure.

What we advise on

— Acquisition financings, including LBOs, MBOs and bolt-on acquisitions

— Refinancings and repricings

— Growth capital and expansion financings

— Dividend recapitalisations

— Local bank, unitranche, senior, second lien, mezzanine, Holdco PIK structures, minority financing

— NAV financing and subscription lines for sponsors

— ABL, working capital and receivables financings

— Bridge and holdco financings
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Who we work with

— Private equity sponsors and their portfolio companies

— Sponsorless mid-market companies and founder-led businesses

— Family-owned businesses and family offices

— Funds seeking fund-level leverage
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How we work

—Capital structure and financing strategy

— Credit positioning and framing the financing narrative

— Preparation of teasers, information memoranda and lender presentations

— Disciplined lender targeting — relationships, not mass distribution

— Financial modelling and covenant analysis

— Due diligence scoping and coordination

— Negotiation of commercial terms and conditions

— Negotiation and review of financing documentation, drawing on senior legal expertise

— End-to-end process management through to closing

Cross-Border European Transactions

Cross-border financings between the UK, France and continental Europe.

Geographic coverage

— United Kingdom

— France

— Southern Europe (Italy, Spain, Portugal)

— DACH (Germany, Austria, Switzerland)

— Benelux (Belgium, Netherlands and Luxembourg)

— Central and Eastern Europe (Poland and Czech Republic)
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Cross-border capabilities

— Multi-jurisdictional financing structures

— Coordination with local advisors in each jurisdiction

— Command of market conventions and documentation standards across jurisdictions

— Direct lender relationships across European private credit, bank and institutional markets

Restructuring and Special Situations

Advice on stressed refinancings, covenant resets, and recapitalisations for companies navigating restructuring contexts in the UK and France.

Situations we advise on

— Stressed refinancings ahead of maturity walls

— Covenant resets, waivers and amendments

— Liquidity raises and bridge financings

— Maturity extensions

— Pre-restructuring financings

— New money solutions in restructuring contexts

— Capital structure reorganisations

— Restructurings
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Contexts we operate in

— Pre-insolvency contexts in France (mandat ad hoc, conciliation, sauvegarde) — and the UK

— Refinancing walls and maturity management

— Sponsor-led balance sheet repair

—Sponsorless restructurings