LONDON (February 17, 2014) – Morrison & Foerster is pleased to announce that Phillip B. Slater will join the firm's London office as a partner in the Financial Transactions Group. Mr. Slater brings a wealth of experience within banking and finance and has specific expertise in relation to acquisition finance, leveraged finance and corporate banking.
Mr. Slater's practice predominantly focuses on representing corporates, private equity sponsors and alternative funders, as well as major investment banks. His arrival, which closely follows that of new London Business Restructuring & Insolvency head Howard Morris, is further evidence of the growing strength of Morrison & Foerster in the European marketplace. In November 2013, the firm opened its new Berlin office, which has since notably advised Axel Springer SE, one of Europe's largest media companies, in its acquisition of N24 Media GmbH.
"The addition of another finance partner in one of the world's key financial centers is a crucial step in the overall strategic development of the Financial Transactions Group. The recent appointment of finance partners Jeremy Hunt and Marcia Ellis in Hong Kong, and Adam Summerly and Jake Robson in Singapore, has increased the need for regular English Law finance guidance in the Asian market. Phil's arrival allows us to provide this service to clients and illustrates our continued commitment to developing the global capabilities of the Financial Transactions Group," said Jill H. Feldman, chair of Morrison & Foerster's Financial Transactions Group.
Trevor James, managing partner of Morrison & Foerster's London office, said: "Phil is another great addition to our growing business and will be a great fit for the clients and practices in London, as well as the firm more broadly. He brings significant corporate finance experience and a proven track record of developing and maintaining a sophisticated, high quality practice. As a firm, Morrison & Foerster has always possessed significant experience across the key financial centers of New York, London and Tokyo. Phil's appointment further strengthens our network and ability to provide a truly global service to our clients."
"Morrison & Foerster is the right fit for me as I look to build my practice across Europe and internationally. The firm's desire to develop the Financial Transactions Group in London, coupled with the strong collegiate culture in what is a rapidly growing business, makes this move the perfect choice for me," added Mr. Slater.
Mr. Slater joins the firm from Reed Smith, where he headed the firm's acquisition and leveraged finance practice in London. Prior to joining Reed Smith, he was a partner at Addleshaw Goddard. He received his law degree in 1995 from Nottingham Law School and an LL.B from the University of Hull in 1994. He is ranked as a leading lawyer in both the Legal 500 and Chambers.
Mr. Slater's recent notable transactions include:
- Advising Co-operative Group Limited on all aspects of its £950 million debt refinancing, including the associated repositioning of its interest rate swaps and capital markets debt.
- Advising Telecity Group on all aspects of its £400 million secured corporate debt refinancing, all associated interest rate and FX derivative arrangements and pan-European cash-pooling platform.
Morrison & Foerster's Financial Transactions Group represents banks, insurance companies and other providers of funds across specialized financial areas, including asset-based lending, equipment leasing, project finance and development and secondary debt trading. The Group has acted on a number of high-profile mandates, including representing KIA Motors America in connection with the successful refinancing of its $400 million syndicated, asset-based credit facility.