Image of Thomas Waller

Thomas Waller

Banking Partner, London

“I specialise in leveraged and acquisition finance, principally acting for private equity funds, financial sponsors, investment banks and borrowers/issuers on market-leading, cross-border and incurrence-based debt financings. With extensive knowledge of market and product developments and transaction experience, I provide commercial and dynamic solutions, leadership and expertise to clients on their most complex debt financing transactions.”

Overview

Professional experience

Education and qualifications

Overview

Tom is a banking partner with extensive transaction experience and expertise in advising on and executing financial sponsor-backed leveraged, covenant-lite and acquisition finance transactions.

Tom acts for financial sponsors, private equity funds, investment banks and borrower/issuers on a range of domestic and cross-border financing transactions, including leveraged loans, incurrence-based and covenant-lite financings, infrastructure, unitranche, senior, TLB and super senior facilities, high yield bonds, bridge facilities, bank/bond financings, refinancings and restructurings.

Tom has particular experience and expertise in covenant-lite, incurrence-based bank/bond documentation and capital structures which is at the forefront of the European leveraged finance market.

Tom is based in London and has worked at Linklaters for over 10 years.

Tom was recently recognized as one of ’40 under 40’ rising legal practitioners in private equity (Legal Week, British legal awards) and as one of the Top Financing Lawyers in EMEA by Mergerlinks

Work highlights

Tom has advised on a wide range of debt financing transactions.

These include advising:

  • Goldman Sachs PE on debt financing for the acquisition of Advania SA
  • Warburg Pincus and Towerbrook on financing for the public offer and takeover of The AA Group
  • Waypoint on debt financing for StallergenesGreer
  • I Squared Capital in relation to financing for the public offer for Nobina AB
  • Goldman Sachs PE in relation to debt financing for the acquisition of B&B Hotels and Caldic, and subsequent transitions
  • Groupe Bruxelles Lambert (GBL) in relation to the acquisition of Webhelp from KKR
  • Bridgepoint in relation to debt financing for Care UK and Practice Plus Group, on the revolving and guarantee facilities and high-yield bond financing supporting its acquisition of Miller Homes, and on the covenant-lite first lien and second lien loan facilities for Diaverum
  • ION Investment Group on the loan, bridge and holdco financings for its acquisition of Acuris, the owner of Mergermarket and Debtwire
  • Jacobs on the debt financing for the acquisition of Cognita Schools from KKR
  • Apollo on the covenant-lite loan and bond and PIK financings supporting its buy-out of Verallia, and subsequent recapitalization, bolt-on and refinancing transactions
  • Triton on the high-yield bond financing and revolving credit facilities and for its acquisition of Bormioli Pharma

Tom acted for Apollo on the debt financing supporting Apollo’s acquisition of Verallia which was awarded IFR leveraged finance deal of the year and on the financial restructuring of the Samsonite Group which was awarded International Turnaround of the year.

Professional experience

Tom regularly presents at Loan Market Association (LMA) events on the subject of leveraged finance documentation and terms; most recently on the topic of cash controls, covenants and covenant-lite/incurrence-based debt financing terms and the convergence between loan and bond products.

 

Tom was seconded to Alcentra for six months in 2011, where he was instrumental in the development of the collateralised loan obligation (CLO) cashless role mechanism.

Education and qualifications

Tom studied music at King’s College, University of Cambridge, and holds a Graduate Diploma in Law.