Rob Bennett | White & Case LLP International Law Firm, Global Law Practice
Rob Bennett
Rob Bennett

Rob Bennett

Partner, London

T +44 20 7532 1304

T +44 20 7532 1000

E rbennett@whitecase.com

in LinkedIn profile

Rob Bennett was named as a “Rising Star” in the field of banking finance in The Legal 500 UK 2013.

Overview

Rob Bennett's practice focuses on financial restructurings, international leveraged acquisition finance and general bank lending. Rob has worked on an impressive list of transactions and has been recognised in a number of professional publications as a leading lawyer and as a rising star.

Notable transactions on which Rob has advised include former Icelandic bank Kaupthing's successful composition with unsecured creditors, the restructuring of Danish oil tanker group TORM, the proposed capital and financial restructuring of Afren plc and the refinancing of Racing Post.

An eclectic range of clients from a variety of industry sectors have benefited from Rob's knowledge and experience, including Credit Suisse, Jefferies and RBS, the coordinating committee on the original 2012 restructuring of TORM, Doughty Hanson & Co, Lamda Partners and Three Delta LLP.

In 2011, he spent two months on secondment to the legal team at UBS, which gave him further insight into banking from the clients' side. Prior to joining White & Case in February 2011, Rob worked in the London and Frankfurt offices of a leading UK firm and in the London office of a leading US firm.

Having received a legal education in both the UK and Germany, Rob is comfortable with working and thinking across borders, which is vital in the international world of bank finance. In a relatively short space of time, he has established himself as a reliable fixer with an ability to stick with a deal from start to finish.

Rob is also an active participant in discussions surrounding the latest developments in international banking law, and has written on finance-related matters for a range of publications.

Bars and Courts

  • England and Wales

Education

  • LPC, Oxford Institute of Legal Practice
  • Postgraduate Diploma in Law, Nottingham Law School
  • LLB, University of Aberdeen
  • Diploma in German Law, University of Freiburg

Languages

  • English
  • German

Experience

Kaupthing's composition with unsecured creditors, 2015

Advised Kaupthing, the fifth largest bankrupt estate ever, on the successful implementation of a composition with respect to US$22 billion of general unsecured debt.

Proposed restructuring of Afren plc, 2015

Afren plc, a UK listed company with oil & gas assets in Africa, as sole legal adviser, on its proposed capital and financial restructuring. Prior to entering into administration in July 2015, Afren was expected to be the largest ever restructuring in the oil & gas sector.

Restructuring of Danish shipping company Torm, 2015

Rob advised a group of lenders on the US$1.4 billion restructuring of Danish shipping company TORM A/S by way of an English scheme of arrangement.

Racing Post Corporate Restructuring and Refinancing, 2014

Rob advised the Racing Post group on the financing aspects of its corporate restructuring and refinancing. The transaction involved the acquisition (via a public auction process) from Irish Bank Resolution Corporation (in Special Liquidation) of all of the Racing Post's existing debt and a 28.8 per cent. equity interest in the Racing Post group.

Sale of NHP Care Homes Group, 2014

Rob advised NHP on its acquisition by US private equity firm Formation Capital, global investment firm Safanad and healthcare turnaround specialist Court Cavendish. NHP is one of the largest owners of care homes in the UK, owning 275 nursing and residential care homes, representing over 12,500 beds.

Rhône Capital's acquisition of ASK Chemicals, 2014

Rob advised global private equity firm Rhône Capital LLC on the financing aspects of its acquisition of ASK Chemicals GmbH from Ashland Inc. and Clariant.

DX's IPO and admission to AIM, 2014

Rob advised DX (Group) plc, a leading independent logistics operator in the UK and the Republic of Ireland, in connection with the establishment of new debt facilities following the successful pricing of its initial public offering and admission to the AIM market of the London Stock Exchange.

Mid Europa Partners' sale of T-Mobile Czech Republic to Deutsche Telekom, 2014

Rob advised Falcon Group (a consortium of investors 75 per cent. controlled by funds managed or advised by Mid Europa Partners, the leading buyout investor, which focuses on Central & Eastern Europe and Turkey) on the financing aspects of the €828 million sale of its entire stake in T-Mobile Czech Republic a.s. to Deutsche Telekom AG.

Credit Suisse, Jefferies and RBS, 2014

Rob advised Credit Suisse, Jefferies and RBS as arrangers with respect to term and revolving facilities of up to €305 million in connection with the acquisition by CVC of a controlling stake in Skrill, one of Europe's largest online payments systems and among the world's largest independent digital wallet providers with over 35 million account holders.

Empark Aparcamientos y Servicios, S.A., 2013

Rob advised Empark Aparcamientos y Servicios, S.A. as borrower with respect to a new €30 million super senior revolving credit facility, launched concurrently with a New York law governed high yield bond offering of €235 miliion 6.75% senior secured notes due 2019 and €150 million senior secured floating rate notes due 2019. Empark Aparcamientos y Servicios, S.A. is the leading operator of car parks in Spain and Portugal, as well as having operations in England, Andorra and Turkey.

US$2 billion financing of the acquisition of a Russian company, 2013

Rob advised a leading Russian commercial bank on the approximately US$2 billion financing of the acquisition by five non-affiliated buyers of shares in a Russian company engaged in coal extraction and conversion.

GAZ Group refinancing, 2011

Rob advised the borrower on RUB38 billion term and revolving loan facilities provided by VTB Capital plc with respect to the refinancing of existing syndicated loans of the leading Russian automobile manufacturer GAZ Group.

Speaking Engagements

Rob has spoken at a number of events, including co-hosting a seminar with Moscow partner Natalia Nikitina on the mechanics and consequences of events of default at the LMA’s Moscow Training Day on 23 April 2015 and, together with London partners John Cunningham and Dipen Sabharwal, delivering a presentation on commercial law at the Bright Network Festival on 15 September 2015.

Publications

  • US v European loan terms: countdown to convergence, JIBFL, (co-author)
  • Problems of interpretation in dealing with audit qualifications, JIBFL
  • Mercury's impact – cost and delay, IFLR
  • Name Your Terms: How term sheets have changed as banks fight for private equity mandates, IFLR

Awards & Recognition

Recommended, The Legal 500 UK 2015, Bank lending: investment grade debt and syndicated loans - London

Super Lawyer, Thomson Reuters' "Super Lawyers – London 2015"