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Paul Simcock

Paul Simcock Partner, Finance

Paul has close to two decades of extensive experience in the leveraged finance market. He has acted for a broad range of market participants, including private equity sponsors, senior and junior lenders (including alternative credit providers), financial advisors, strategic investors and corporate borrowers on various leveraged acquisitions, including public takeovers and cross-border acquisitions across multiple industries. 

Paul also advises on debt restructurings and other stressed and distressed transactions, refinancings, and other syndicated and bilateral lending. 

Experience Highlights

  • L1 Retail, the retail investment arm of LetterOne, in the £900 million senior financing in connection with the acquisition of Holland & Barrett, Europe's largest health and wellness retailer, from The Nature's Bounty Co. and The Carlyle Group
  • Macquarie European Infrastructure Fund II and the National Car Parks group (NCP), the UK's largest provider of car parking facilities, in connection with the refinancing of NCP's senior facilities
  • Macquarie European Infrastructure Fund II LP in the financing aspects of the sale of 100 per cent of its interest in National Car Parks Limited to a consortium of Park24 Co., Ltd. and Development Bank of Japan Inc.
  • Macquarie European Infrastructure Fund II and the Condor Ferries Group, an operator of passenger and freight ferry services, in connection with the refinancing of Condor's senior facilities
  • Guardian Digital Communications Holdings Limited, Guardian Digital Communications Limited and Airwave Solutions Limited (subsidiaries of Macquarie European Infrastructure Fund II) in connection with the financing aspects of its sale of Airwave Solutions to Motorola for £817.5 million
  • Asia-Germany Industrial Promotion Limited, in connection with the acquisition and related financing of Fotona, a U.S. and Slovenia based developer of high-tech laser systems and components
  • PW Real Estate Fund III, LP, which was advised by Aermont Capital LLP, in relation to the financing aspects of the £323.3 million cash offer for the entire issued share capital of Pinewood Group plc, the AIM listed company which owns the Pinewood Studios business
  • Inflexion Private Equity in connection with unitranche and super senior financing in connection with the $220 million buyout of Shimtech Industries Group Limited, a large manufacturer of aerospace shims and laminated shim material, from Bridgepoint Development Capital, investors and management shareholders
  • Stillwater Mining Company in connection with the financing aspects of its $2.2 billion acquisition by Sibanye Gold for $18 per share in cash
  • WIND Hellas Telecommunications S.A. on its offering of €95 million of additional 10.000% Senior Secured Notes due 2021 to be listed on The International Stock Exchange
  • Hayfin Capital Management LLP and the Bank of Ireland in connection with the unitranche financing for the acquisition of HRA Pharma, a pharmaceutical company that develops treatments in women’s health and endocrinology, by Astorg Partners and Goldman Sachs Merchant Banking Division
  • The Blackstone Group in connection with the financing aspects of its acquisition of Ideal Shopping Direct ("ISD"), a leading independent multi-channel retailer, from Inflexion
  • Hellenic Petroleum in connection with its circa $1 billion debt refinancing by way of "dual facilities" involving an English law term loan facility and a Greek law bond loan
  • Intermediate Capital Group and its affiliated funds on the senior and subordinated financing aspects of the secondary buyout of leading convenience foods manufacturer Symington's Limited from Bridgepoint Capital and its management team
  • Access Industries in relation to the $22 billion  financing of the Lyondell Chemical Company acquisition
  • Doughty Hanson in connection with the financing aspects of the acquisition of the Vue Cinema group, the Tumi group, and various other potential investments
  • Rontec Investments (the consortium vehicle of Grovepoint Capital, Investec, and Snax 24) in connection with the financing for the acquisition of Total's U.K. downstream logistics and marketing operations
  • VTTI (a Vitol and MISC Berhad JV) in connection with its €500 million secured facilities
  • Fern Trading Limited, a member of the Octopus Investments group, in connection with the restructuring of the equity in and approximately £80 million of debt advanced to Rangeford Holdings Limited, a developer and manager of retirement villages and communities within the United Kingdom
  • Marken Group, a global provider of supply chain solutions to the life sciences industry and leader in clinical trials material storage and distribution, in connection with the financing in connection with the sale of its company to United Parcel Service Inc.
  • Stallergenes Greer plc, a global biopharmaceutical company specializing in treatments for respiratory allergies, in connection with a new revolving credit facility provided by UBS Switzerland AG

Other Representative Experience

  • Owens Corning in its acquisition of Paroc Group, a leading producer of mineral wool insulation for building and technical applications in Europe, from CVC Capital Partners for an enterprise value of approximately €900 million
  • The Fourth Alcuin Fund LP, a fund managed by Alcuin Capital Partners LLP, in connection with its minority stake investment in Air Charter Service, a global leader in providing aircraft charters
  • DNB Bank ASA and Banque CIC Est, as super-senior lenders, in connection with a super-senior revolving facility for the acquisition of the Marlink group, Airbus Group’s commercial satellite communication business, by funds managed by Apax Partners Mid-Market SAS
  • Gimv in connection with its acquisition of a majority interest of the Dutch company Brakel next to the existing management team
  • Investec Bank plc in connection with its leveraged financing provided to a leading worldwide bathroom product manufacturer and distributor and the related minority investment by Investec Investments
  • Castle Harlan and Pipe Holdings in connection with the £215 million financing for the acquisition of the Polypipe group of companies as well as the dividend recapitalisation and exit
  • News Corporation in connection with the subordinated debt financing aspects of its $3.6 billion stake disposal of NDS Group
  • An infrastructure fund in relation to the £2 billion debt restructuring (by way of scheme of arrangement) of one of its portfolio companies
  • A private equity fund in connection with the £200 million debt restructuring of one of its portfolio companies
  • Access Industries in connection with its position as shareholder in relation to the chapter 11 proceedings of LyondellBasell Industries
  • Investec Bank plc and Investec Bank Limited in connection with a term loan facility for an investment in an Ethiopian business in the food and beverage sector
  • Goldman Sachs as financier in connection with the bid financing related to the acquisition of a commercial real estate-backed loan portfolio 
  • KKR Financial Corp. in connection with the financing of the leveraged recapitalization of Compagnie Européenne de Wagons S.à.r.l (a Luxembourg entity controlled and managed by WL Ross & Co.)
  • Morgan Stanley in connection with various financings (exceeding $500 million) for The Egyptian General Petroleum Corporation
  • Smithfield Foods and Oaktree Capital Management in connection with the interim and permanent financing of its €487 million acquisition of the European meats business of Sara Lee Corporation
  • Clearbell Property Partners II in relation to its revolving equity bridge facility
  • Westfield Group in connection with the financing arrangements related to its £2.2 billion public bid (via a consortium) of Duelguide and the subsequent refinancing and restructuring
  • Kaliha Finance Limited in its $3.4 billion secured financing for the acquisition of a stake in OJSC Uralkali

Contact Details

London

T +44.20.7065.6092
F +44.20.7065.6001
psimcock@velaw.com
20 Fenchurch Street
24th Floor
London EC3M 3BY
United Kingdom
Local time: 3:39 AM
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Paul's Practices

  • The College of Law, London, Diploma in Legal Practice with commendation, 1999
  • Queen Mary University of London and University of Leiden, LL.B. in English and European Law with honours, 1998
  • Solicitor of the Senior Courts of England and Wales
  • Euromoney Institutional Investor PLC, IFLR1000: The Guide to the World’s Leading Financial Law Firms, Banking, United Kingdom, 2018

Solicitors and Registered Foreign Lawyers. A list of partner names is available for inspection at 20 Fenchurch Street, 24th Floor, London, EC3M 3BY. Vinson & Elkins RLLP is a limited liability partnership formed under the laws of New York authorised and regulated by the Solicitors Regulation Authority (No. 0079019).