Gareth Eagles

Partner, London

Biography

“He is extremely smart, extremely knowledgeable and a very good negotiator.”
Chambers UK 2019

Overview

Gareth Eagles is White & Case's Head of Private Credit, and the leading private credit lawyer in the European market. He has been at the forefront of the market during its path to maturity, including working on some of the most high-profile leveraged buyouts of recent times, and in 2019 was hailed by Chambers UK as a "brilliant lawyer who is incredibly hard-working". Gareth's private credit practice focuses on representing investors in a range of situations, including providing unitranche, senior, second-lien, mezzanine and PIK financings, structuring preferred equity, warrants and co-investments, and taking control equity positions, and he is adept at fusing multiple strategies and structuring novel solutions in both performing and distressed situations, whether the assets are privately held or publicly listed. In addition to private credit work, Gareth has represented arrangers and underwriters on some of the most significant syndicated financings in the market, and is equally at home in the large-cap and mid-market spaces. The only leading private credit lawyer to be dual-qualified in New York and England & Wales, Gareth also spent two years in White & Case's New York office, as well as six months in our Singapore office, and has acted on market-leading transactions in a broad variety of jurisdictions.

Gareth led White & Case's team in representing GSO Capital Partners LP on the financing of Advent International's take-private acquisition of Laird PLC, which won the "Loans Deal of the Year" award at the 2019 IFLR European Awards, where the firm also won the awards for "Loans Team of the Year" and "Most Innovative US Law Firm in Europe". Gareth was included in The Lawyer's prestigious "Hot 100" list for 2019. He has been described by Legal 500 UK as "superb" (2018) and "technically brilliant" (2014); in 2019, Chambers UK called him "extremely smart, extremely knowledgeable and a very good negotiator".

Bars and Courts
England and Wales
New York State Bar
Education
LPC
Nottingham Law School
LLB
University of Warwick
Languages
English

Experience

Advising GSO Capital Partners LP on a variety of its investments, including:

  • their debt and minority equity investment to support iAero Group in a highly complex transaction aimed at creating a pan-American aviation business, including the acquisitions of AeroThrust Holdings, LLC and Miami Tech Aircraft Maintenance Inc.
  • their debt and equity financing for the management buyout of the XLN Telecom group from ECI Partners LLP.
  • their highly-innovative financing of the reverse takeover by Ring International Holding AG of the Slovenian-listed Helios Domžale
  • various other acquisitions and financings or refinancings, including KP1, The Miller Group Limited and Welcome Break

Oak Hill Advisors and York Capital in connection with their investment in Globalworth.

the unitranche lender in connection with the financing of Bain Capital's acquisitions of a European group specialising in the design and manufacture of high performance pre-cast concrete products and, separately, of an Italian tyre wholesaler by way of the issuance of Italian mini-bonds.

the arrangers, including Barclays and Jefferies, on Leonard Green's £420 million bridge to bond and super senior revolving facilities for the acquisition of PureGym.

the arrangers, including Deutsche Bank, BNP Paribas, Rabobank, ABN Amro and ING, in connection with their financing of the EUR1.212 billion take-private acquisition of Mediq N.V. by Advent International Corporation.

Acting for Deutsche Bank AG as Sole Lender with respect to a £522 million senior secured bridge credit facility provided to KSE, UK, Inc. in connection with its recommended mandatory cash offer made for Arsenal Holdings PLC, the UK listed holding entity for Arsenal Football Club.

Acting for Wind Telecomunicazioni S.p.A. in connection with the €6.6 billion refinancing of existing senior and second lien facilities and high yield notes.

Publications

Co-author, "Credit bidding: law and practice," Journal of International Banking and Financial Law, May 2013

Co-author, "US v European loan terms: countdown to convergence," JIBFL, October 2011

Co-author, "Problems of interpretation in dealing with audit qualifications," JIBFL, May 2011

Sole author, "Perverse consequences? How the LMA Ancillary Facilities provisions distort pro rata sharing," JIBFL, March 2011

Awards and Recognition

The Lawyer – "Hot 100" UK Lawyers, 2019

Ranked Individual
Chambers UK, 2019

Gareth Eagles is praised as a "brilliant lawyer who is incredibly hard-working" by clients
Chambers UK 2019

"He is extremely smart, extremely knowledgeable and a very good negotiator."
Chambers UK 2019

Clients draw attention to his "exceptional levels of service, responsiveness and commerciality"
Chambers UK, 2017

Loans deal of the year – Advent International/Laird acquisition financing
IFLR European Awards 2019

Loans team of the year
IFLR European Awards 2019

Most innovative US law firm in Europe
IFLR European Awards 2019

Next Generation Lawyer
Legal 500 UK, 2018