LeeFederman

Partner

London + 44.20.7039.5928

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Lee Federman has a wide range of experience across debt finance products and has worked in several key financial jurisdictions (London, New York, Hong Kong, and Amsterdam). He advises bank lenders, alternate credit providers, major financial sponsors, and their portfolio companies on cross-border leveraged acquisition financings and other event-driven financings.

Lee acted on deals involving a number of private equity sponsors active in Europe prior to joining Jones Day in November 2018 including Apax, Apollo, Blackstone, Carlyle, Graphite, KKR, Montagu, Permira, Rutland, and Waterland as well as alternate capital providers including Ares, Crescent, Fortress, Gemcorp, Oppenheimer, Towerbrook, and Tyndaris.

Lee also worked with Credit Suisse and Lehman Brothers on secondment assignments. He regularly holds training programs and is a presenter at conferences for the Loan Market Association.

Experience

  • ING Belgium, Belfius Bank, and Global Loan Agency Services Limited finance acquisition of Grandeco Wallfashion GroupJones Day acted as legal counsel to ING Belgium SA/NV and Belfius Bank SA/NV, as lenders, and Global Loan Agency Services Limited, as agent, in connection with the financing of the acquisition of Grandeco Wallfashion Group - Belgium NV, a leading wallpaper producer, and its direct and indirect subsidiaries by, amongst others, Down2Earth Capital II CommV and Gimv NV.
  • Macquarie sold Condor FerriesJones Day advised Macquarie Infrastructure and Real Assets in the sale of Condor Ferries, an operator of lifeline freight and passenger ferry services between Guernsey, Jersey, the United Kingdom, and the Port of St. Malo in France, to a consortium of Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF) and Brittany Ferries.
  • J.F. Lehman acquires Global Marine GroupJones Day advised long-standing client J.F. Lehman & Company, a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government, and environmental sectors, in connection with the acquisition and related financing of Global Marine Group.
  • Goldman to sell iQ Student Accommodation dorms to Blackstone for £4.66 billionJones Day is representing Goldman Sachs and The Wellcome Trust in connection with the £4.66 billion sale of the UK focused iQ Student Accommodation student housing property portfolio and business to Blackstone.
  • Ferro Corporation to sell its global Tile Coatings Business to Lone Star FundsJones Day is advising Ferro Corporation, a leading global supplier of technology-based functional coatings and color solutions, in the sale of its global Tile Coatings Business to Pigments Spain, S.L., a portfolio company of Lone Star Funds, for $460 million in cash, with potential earnout payments of up to $32 million in cash based on the performance of the business pre-closing, subject to customary adjustments.
  • CBRE acquires Laxfield CapitalJones Day represented CBRE Global Investors in connection with its acquisition of Laxfield Capital, a real estate debt investment business with £818 million of assets under management in the United Kingdom.
  • BBA Aviation sells Ontic for $1.365 billionJones Day advised BBA Aviation plc ("BBA") in the sale of its Ontic business to an investment fund affiliated with CVC Capital Partners for $1.365 billion.
  • OakNorth provides financing to Literacy Capital for acquisition of Alufold Direct LimitedJones Day advised OakNorth Bank plc in its senior debt facilities provided to Literacy Capital in connection with the acquisition of Alufold Direct Limited, a fabricator of premium aluminum residential and commercial building products in the UK.
  • GCA Altium acts as financial advisor to Project Sword Bidco Limited in £90 million acquisition of Catalis PlcJones Day advised GCA Altium as financial advisor to Project Sword Bidco Limited, a vehicle established by private equity firm NorthEdge Capital LLP, in connection with its £90 million acquisition of Catalis Plc, a provider of development, testing, and publishing services for the global video games market.
  • Ad hoc group of senior secured lenders advised in landmark restructuring of the syncreon groupJones Day acted for the ad hoc group of senior secured lenders in the landmark restructuring of the global logistics syncreon group which was implemented via English Schemes of arrangement, with chapter 15 recognition in the U.S. and CCAA recognition in Canada.
  • Ted Baker refinances existing credit facilitiesJones Day represented Ted Baker plc, a UK fashion retailer, in connection with the refinancing of its existing credit facilities.
  • OakNorth finances Dartmouth Partners' acquisition of Pure RecruitmentJones Day advised OakNorth Bank Limited in connection with the acquisition financing by Dartmouth Partners of Pure Recruitment Group, a leading recruitment specialist with offices in London, New York, Berlin, Hong Kong, and Singapore.
  • OMNOVA to be acquired by Synthomer plc for $824 millionJones Day is advising OMNOVA Solutions Inc. in its $824 million acquisition by Synthomer plc, a United Kingdom-based specialty chemical company.
  • Blackstone Group invests €175 million (US$196.4 million) in Superbet RomaniaJones Day advised The Blackstone Group in its €175 million (US$196.4 million) minority equity investment in Superbet, the largest omni-channel sports betting and gaming operator in Romania.
    • View All

    January 2020 Reprints

    Stretching Leverage: Holdco PIK Financing Instruments

    March 2019 Reprints

    Easier said than done: The failure of the European Central Bank's Guidance on Leveraged Transactions, Butterworths Journal of International Banking and Finance Law

    February 2019 Reprints

    Market Flex, LexisNexis PSL

    Additional Publications

    Publications Prior to Jones Day

    May 2018
    Permitted acquisitions: how much flexibility can borrowers expect?
    Butterworths Journal of International Banking and Financial Law

    March 2018
    Private Debt: Brexit Effect on UK loan market
    International Financial Law Review

    Speaking Engagements

    Speaking Engagements Prior to Jones Day

    May 2018
    Leverage Finance:  European Market Update, London

    April 2018
    LMA Loan Market Hot Topics, Lagos

    October 2017
    Closing the Deal, Johannesburg

    May 2017
    Recent Trends in Leveraged Finance, London

    November 2015
    Structuring Cross Border Financings, Toronto

    October 2015
    Unitranche Facilities and Other Trends in Leveraged Finance, Paris
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