BLP recruits Paul Simcock to further build its leveraged finance capabilities
BLP today announced that Paul Simcock is joining the firm as a partner in its Banking & Capital Markets Group.
Paul focuses on acquisition and leveraged financings with an emphasis on the financial sponsor side and he has particular experience in high yield related and New York law financings and restructurings. His clients include private equity, venture capitalist and strategic investors, as well as major lenders. He is currently Counsel at Skadden Arps in London and was previously at Allen & Overy.
The appointment is part of wider moves by BLP to extend its leveraged finance and private equity capabilities. It follows the hire of highly regarded leveraged finance specialist Andrew Bamber and leading private equity expert Raymond McKeeve in 2009. Two new senior associate recruits, John Taylor from Dickson Minto and Julio Dominguez from Freshfields, have further strengthened the firm’s private equity credentials.
BLP’s leveraged finance team, led by Andrew Bamber and including partners Phillip Whale and Vanessa Heap plus Paul, works very closely with the firm’s mainstream private equity team and also with BLP’s leading real estate private equity partners, including Chris de Pury, who are seeing an inflow of work from across the sector and via the firm’s growing Abu Dhabi office.
Andrew Bamber said: “We are really excited to have Paul join us as we drive forward our plans for our leveraged and event driven finance practice, in close conjunction with our growing high-quality private equity practice led by Raymond McKeeve. Paul’s experience in high yield and New York law financings will position us for the growth in bank-and-bond financings in the UK mid-market at present.”
Matthew Kellett, the managing partner of BLP’s finance department, said: “With the recent promotion of Vanessa Heap, we are really well placed to deliver high quality advice on both the lender and borrower side across all parts of the capital structure. Paul joins us an exciting time as we refocus our finance department for the next phase of growth.”
Paul Simcock said: “The markets have changed. The bond market has recently experienced record highs and leveraged buyouts are being completed, but the deals are on new terms. This ‘new normal’ is a fantastic opportunity for dynamic, innovative law firms which have used the downturn over the last few years to reinvent themselves. BLP is at the forefront of the UK-based law firms that have achieved this repositioning, so I am very excited to be joining the team at this time.”
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