Andrew Papworth

andrew-papworth

Andrew Papworth

Associate

London | 160 Queen Victoria Street, London EC4V 4QQ
+44 (0) 20 7184 7393 | +44 20 7184 7001

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Andrew Papworth’s principal areas of practice are in acquisition finance and general banking work. Mr. Papworth’s primary focus is on acting for lenders (including direct lending funds, banks and other financial institutions), corporates and private equity houses on domestic and cross-border acquisition finance transactions, including bilateral, club and global syndicated lending for private equity backed acquisitions and management buy-outs as well as corporate lending, general banking and portfolio work and workouts/restructurings of leveraged businesses.

In conjunction with the expansion of direct lending funds into the UK and European market in recent years, Mr. Papworth has acted for a number of direct lending funds on their provision of unitranche, first loss/second loss and second lien financing facilities whilst continuing to act for banks and other financial institutions on their provision of super senior facilities and more complex senior debt and senior/mezzanine debt structures.

Prior to joining Dechert, Mr. Papworth served as a senior associate in the debt finance group of DLA Piper.

Experience
  • Advised CVC Credit Partners and HSBC Bank plc as lenders 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.
  • Advised Magyar Telecom B.V. on the sale of its holding in the Invitel Group to the China CEE Investment Co-operation Fund.
  • Advised Hayfin, Highbridge, ICG, Lloyds Bank plc and Sankaty in relation to unitranche and super senior RCF facilities provided to the Chiltern Group in connection with the multi-jurisdictional refinancing of its existing financing arrangements and its acquisition of a multi-jurisdictional, privately owned, executive search and consulting firm.
  • Advised a syndicate of alternative debt providers and senior lenders in relation to unitranche and super senior RCF facilities provided to refinance the acquisition of a leading M2M & IoT managed services provider.
  • Advised Barclays Bank PLC in relation to super senior RCF facilities provided to the CloserStill Group following its acquisition by Inflexion Private Equity.
  • Advised HIG Capital in relation to unitranche and super senior RCF facilities provided in connection with its acquisition of the Adelie Foods Group.
  • Advised KKR in relation to its acquisition of the cement and paper businesses of the Spanish Grupo Alfonso Gallardo and the wider multi-jurisdictional restructuring of the group’s steel business and related senior and mezzanine financing arrangements.
  • Advised KKR in relation to the multi-jurisdictional restructuring of the URSA group and its senior and mezzanine financing arrangements.
  • Advised a syndicate of senior lenders in relation to term and RCF facilities provided to a leading European mid-market private equity firm in connection with the refinancing of its acquisition of the Office Retail Group.
  • Advised Barclays Bank PLC, Ares and HSBC Bank plc in relation to senior debt facilities provided to a mid-market private equity firm in connection with its acquistion of the Liberty Retail Group.
  • Advised Barclays Bank PLC, Fifth Third, HSBC Bank plc, KBC, The Royal Bank of Scotland plc and Wells Fargo in relation to corporate facilities provided to the Impellam Group. 
  • Advised Barclays Bank PLC and Lloyds Bank plc in relation to corporate facilities provided to Alternative Networks plc.

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

Education
  • University of Manchester, Law (LLB), 2003, with Honors
  • Nottingham Law School, Legal Practice Course, 2005, with Distinction
Admissions
  • England and Wales