Private Equity Team of the Year
The winner in this category must demonstrate an ability to land the most significant mandates in an incredibly competitive market for private equity-backed deals. Judges will look for evidence of an ability to move with the market and stand out from competitors in the most eye-catching transactions.
Kirkland & Ellis
The most significant 2017 highlight of Kirkland’s standout team was the deal activity of its private equity real estate practice, led by Matthew Elliott. The firm’s largest mandate on this front was for Global Logistic Properties, which it advised on its $2.8bn acquisition of Gazeley from Brookfield Asset Management.
White & Case - HIGHLY COMMENDED
The relationship with Bridgepoint has been a highlight for the firm, demonstrated through its advice to the fund on its £750m acquisition of Zenith, the UK’s largest independent vehicle leasing business, from HgCapital. The deal was negotiated and signed to a highly accelerated timeframe, and run in parallel to the bolt-on acquisition of the Leeds-based company CVL.
Acting for BPP, the private equity arm of longstanding client Brookfield Asset Management, on its acquisition of a majority stake in the road fuel supplier Greenergy. The deal had several notable aspects including the involvement of 90 different sellers, which added both logistical and legal complexity.
Latham & Watkins
David Walker, Kem Ihenacho
Advising Blackstone and CVC on their joint £2.96bn acquisition of Paysafe, the largest public-to-private deal under the takeover code since 2010. The deal was also financed by $2.59bn worth of facilities, one of the largest syndicated loans in the leveraged finance market in 2017.
Advised Lexington Partners on the closing of a $1bn tender offer to investors in BC European Capital IX. The deal represents one of the first large-scale examples of a liquidity offering to supplement a fundraising, which are becoming an increasing feature of the secondary market.
Skadden, Arps, Slate, Meagher & Flom
Advising HgCapital, which led a consortium on the largest-ever European software buyout, the £4.2bn investment in the private equity-owned Visma Group Holdings. A number of factors made the deal particularly complex, including the fact that one sponsor (KKR) was selling its stake in full, while one sponsor was selling out in part (Cinven).