We advise on all aspects of acquisition and leveraged finance, acting for senior and junior lenders providing debt to fund acquisitions and borrowers (including private equity investors and major corporates) seeking to acquire businesses using loan facilities.
Several members of the team have specialist knowledge of the acquisition finance market, having worked in-house in the leveraged finance teams of major UK banks.
Stevens & Bolton have always taken a commercial view to our business requirements, integrating the output from the various teams and put forward recommendations that meet the wider business needs
We pride ourselves in providing a quick, responsive service to meet the unique timing challenges that acquisition finance can pose. When acting for borrowers, we take a pro-active approach to managing the process with both the lender and the seller. We draw upon our extensive experience acting on corporate M&A transactions which means that we are familiar with the common positions that parties adopt. We tailor our approach to the individual client, whether a seasoned private equity investor or a corporate client undertaking a substantial leveraged transaction for the first time. Click here to see Practical Law's checklist on Negotiating a Facility Agreement for a Borrower.
When acting for debt providers, we first and foremost seek to protect the lender’s interests by ensuring effective covenant protection and a supporting security package in light of the individual circumstances of the borrower and target. At the same time, we take a constructive approach to getting the deal over the line and have a good appreciation of the competing commercial interests of the different parties. As well as acting on senior and mezzanine debt financing, we advise extensively on loan note structures and other deferred consideration arrangements, together with the negotiation of related intercreditor arrangements.