Philip Butler

philip-butler

Philip Butler

Partner

London | 160 Queen Victoria Street, London EC4V 4QQ
+44 20 7184 7442 | +44 20 7184 7001

| vCard | PDF

Philip Butler has more than two decades of experience structuring and negotiating a broad range of acquisition finance and corporate lending transactions. Mr. Butler advises domestic and international clients on the implementation of all elaborate debt structures and “brings considerable market insight” to second lien financings, mezzanine debt, and unitranche and super senior facilities (The Legal 500 UK 2015). Mr. Butler regularly represents banks, corporates, funds, lenders, sponsors and syndicates on issues arising across an array of industries, including healthcare, life sciences, energy, manufacturing, and financial and information technology.

Mr. Butler is routinely ranked as a leading practitioner by Chambers UK for being “very strong technically and commercially, making him an attractive prospect for corporate banking transactions of all types.” He has also been listed in Chambers Europe and Chambers Global for banking and finance. Praised by peers and clients alike for being “enormously experienced and deeply knowledgeable,” Mr. Butler is regularly featured in The Legal 500 UK for acquisition finance and bank lending: investment grade debt and syndicated loans.

Prior to joining Dechert, Mr. Butler was a partner in the London office of another international law firm where he served as global co-chair of the financial services sector and previous head of the London and UK finance practices.

Significant Representations

  • Ares Management Limited and The Royal Bank of Scotland on their provision of a senior debt financing package to support Phoenix Equity Partners acquisition of a majority stake in the Forest Holidays Group.
  • CIT Group Inc. on the sale of its Paris-based European rail leasing subsidiary group Nacco to German-based VTG Aktiengesellschaft for US$1.05 billion.
  • CVC Credit Partners and HSBC Bank plc on their provision of unitranche and super senior revolving facilities to BP Inv3 Bidco Limited (backed by Buckthorn Partners LLP) in relation to its acquisition of the TWMA Group.
  • BlueBay Asset Management on the provision of second lien financing to support the acquisition of the Melita Group (Apax investment).
  • HSBC and Santander on their provision of financing to support the acquisition of Sigma Components (Silverfleet investment).
  • Alcentra and RBS on their provision of unitranche and super senior financing to support the acquisition of the Lifetime Training Group (Silverfleet investment).
  • The Royal Bank of Scotland plc, GE Corporate Finance Bank SAS, Lloyds Bank plc, HSBC Bank plc and Santander UK plc on the acquisition of the IRIS Software and Services Group (Hg Capital investment).
  • The Royal Bank of Scotland plc and Santander UK plc on the refinancing of debt facilities in support of the acquisition of the Byron Hamburger chain (Hutton Collins investment).
  • Lloyds Bank plc, HSBC Bank plc, Aimco and Silicon Valley Bank on the acquisition of the Access Group (TA Associates investment).
  • ESSLP (GE/Ares joint venture) on the facilities provided to support the acquisition of Wireless Logic Group (CVC Capital investment).
  • Barclays and HayFin on facilities made available to the Whittan Group (Bregal Capital investment).
  • HayFin Capital Management LLP, Highbridge , ICG, Sankaty and Lloyds Bank plc on their provision of US$400 million unitranche facility and super senior revolving facility to the Chiltern International Group.
  • Barclays, HSBC, RBS, KBC Wells Fargo and Fifth Third Bank in provision of £240 million revolving facilities to the Impellam Group plc.

Includes matters handled at Dechert or prior to joining the firm.

Education
  • Queen Mary & Westfield College, University of London, Law& Politics (Upper Second), 1989
  • College of Law, London, 1990
Admissions
  • England and Wales