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John Stephen
John Stephen
Senior Associate — Finance
Senior Associate — Finance

John Stephen

John Stephen
London

20 Fenchurch Street
24th Floor
London EC3M 3BY
United Kingdom

John Stephen

John represents private equity sponsors, corporate borrowers, traditional lenders and alternative capital providers in leveraged finance transactions across a wide range of industries.

In addition to his leveraged finance work, John advises on domestic and cross-border financings and debt restructurings.

Experience Highlights

  • Macquarie European Infrastructure Fund (MEIF 5) and its portfolio company, Empark, on the group’s issuance of €575 million Senior Secured Notes due 2028 and Senior Secured Floating Rate Notes due 2027 and €100 million Super Senior Revolving Credit Facility

  • KKR in the sale of European Locomotive Leasing, a leading pan-European provider of electric locomotive leasing solutions, to AXA Investment Managers – Real Assets and Crédit Agricole Assurances

  • Vitol Group and Helios Investment Partners in Vivo Energy’s initial public offering on the London Stock Exchange and Johannesburg Stock Exchange (the largest London IPO of the year to date and the largest Africa-focused IPO in a decade, with a valuation of close to £2 billion) 

  • The initial purchasers in connection with Tullow Oil plc’s placement of US$800 million of senior notes due 2025 

  • 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

  • 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

  • A private equity firm specializing in middle market, growth equity and buyout investments and a European snack food manufacturer in connection the financing of the manufacturer’s acquisition of a UK food company and the refinancing of its debt

  • 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

  • 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

  • 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

  • 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

  • An asset management company in connection with a €200 million syndicated loan arranged by BNP Paribas, Credit Agricole Corporate and Investment Bank, and Credit Lyonnais

  • 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

Credentials

  • University of Edinburgh, Diploma in Legal Practice and Skills, 2011
  • University of Edinburgh, Bachelor of Laws  with Honours, 2010
  • Solicitor, Law Society of Scotland