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Cravath Publishes Summer 2026 Issue of Alumni Journal

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People

Philip
Stopford

Partner, Corporate

pstopford@cravath.com
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Philip Stopford focuses his practice on leveraged finance, acquisition finance, corporate finance and restructuring transactions, with a particular emphasis on cross-border financings.

Mr. Stopford represents investment banks, commercial banks, private equity sponsors, corporate borrowers and alternative lenders on super senior, senior and subordinated financing arrangements, in Europe and internationally.

Mr. Stopford has been repeatedly recognized as a leading lawyer by Chambers Europe, Chambers Global, Chambers UK, The Legal 500 UK and IFLR1000. He is ranked in the Leveraged Finance: Big Ticket category by Chambers UK and Chambers Europe, in the Acquisition Finance category by The Legal 500 UK and in the Banking category for IFLR1000. Mr. Stopford’s role in the financing for the acquisition of Applus+ by TDR Capital and I Squared Capital won the Financial Times’ Innovative Lawyers Europe Award in the “Dealmaking” category and was featured by IFLR as the “Loan Deal of the Year” in its Europe Awards.

Mr. Stopford has been identified as “a consummate professional who provides good, clear, reliable, actionable advice.” He “is a true trusted advisor with a great delivery and a sense of humor that makes him a great communicator” and “has the ability to advise on both legal and commercial issues, combined with pragmatism and an ability to find solutions.”

Mr. Stopford’s notable transactions include representing:

  • The debt providers in connection with:
    • The infrastructure financing for the proposed £5.75 billion public‑to‑private acquisition of DCC Energy by KKR and Energy Capital Partners;
    • The €2.15 billion (equivalent) of credit facilities made available to Boluda Towage and the previous amendment, extension and upsizing to Boluda’s €1.2 billion debt facilities;
    • The financing for the €1.65 billion public‑to‑private acquisition of Applus+ by TDR Capital and I Squared Capital and the subsequent upsizing and repricings of the €800 million term loan B;
    • The $4.6 billion financing supporting American Axle & Manufacturing’s public‑to‑private acquisition of LSE‑listed Dowlais;
    • The £1.35 billion financing for the public‑to‑private acquisition of LSE‑listed Spirent Communications by Keysight;
    • The credit facilities to finance the acquisition of a controlling interest in Sedex Information Exchange by Apax;
    • The financing supporting the acquisition of the treasury and capital markets (TCM) business of the Finastra Group by Apax;
    • The financing supporting the acquisition of Techone by KKR;
    • The financing supporting the acquisition of Sebia by Warburg Pincus;
    • The financing for the £534 million public‑to‑private acquisition of LSE‑listed Hotel Chocolat by Mars; 
    • The amendment and extension, and upsizing, of the $3 billion term, revolving and bonding facilities made available to Aggreko, a portfolio company of TDR Capital and I Squared Capital;
    • The €4.1 billion amend‑and‑extend refinancing transaction for EG Group and the repricing and upsize of EG Group’s Euro and U.S. Dollar term facilities, in one of the largest and most successful repricing transactions at the time;
    • The unitranche credit facilities to finance the acquisition of Immedica Pharma by KKR;
    • The senior credit facilities to finance the acquisition of Nexeye by KKR; and
    • The credit facilities made available to finance the acquisition by Warburg Pincus of its stake in Aztec Group.
  • Neoen, a portfolio company of Brookfield Renewable Partners, in connection with its €650 million high‑yield green senior secured notes offering.

Prior to joining Cravath, Mr. Stopford’s notable transactions include representing the lenders in connection with financing the acquisition of T-Mobile Netherlands by Apax and Warburg Pincus, the £2.3 billion public‑to‑private acquisition of Aggreko by I Squared Capital and TDR Capital, the £30 billion public‑to‑private acquisition of Sky by Comcast, the €3.1 billion public‑to‑private acquisition of Iliad Group by Xavier Niel, the £563 million public-to-private acquisition of Arrow Global by TDR Capital and the acquisition of Acqua & Sapone by HIG Capital. His borrower-side representations prior to joining the Firm include various financing transactions for DBAY, GlobalFoundries, Mubadala and Bridgepoint

Mr. Stopford was born in Washington, D.C. He received a B.A. in 2004 in mathematics with honors from Oxford University, a PGDL in 2005 with merit from Oxford Brookes University and an LPC in 2006 with distinction from the Oxford Institute of Legal Practice.

Mr. Stopford represents investment banks, commercial banks, private equity sponsors, corporate borrowers and alternative lenders on super senior, senior and subordinated financing arrangements, in Europe and internationally.

Mr. Stopford has been repeatedly recognized as a leading lawyer by Chambers Europe, Chambers Global, Chambers UK, The Legal 500 UK and IFLR1000. He is ranked in the Leveraged Finance: Big Ticket category by Chambers UK and Chambers Europe, in the Acquisition Finance category by The Legal 500 UK and in the Banking category for IFLR1000. Mr. Stopford’s role in the financing for the acquisition of Applus+ by TDR Capital and I Squared Capital won the Financial Times’ Innovative Lawyers Europe Award in the “Dealmaking” category and was featured by IFLR as the “Loan Deal of the Year” in its Europe Awards.

Mr. Stopford has been identified as “a consummate professional who provides good, clear, reliable, actionable advice.” He “is a true trusted advisor with a great delivery and a sense of humor that makes him a great communicator” and “has the ability to advise on both legal and commercial issues, combined with pragmatism and an ability to find solutions.”

Mr. Stopford’s notable transactions include representing:

  • The debt providers in connection with:
    • The infrastructure financing for the proposed £5.75 billion public‑to‑private acquisition of DCC Energy by KKR and Energy Capital Partners;
    • The €2.15 billion (equivalent) of credit facilities made available to Boluda Towage and the previous amendment, extension and upsizing to Boluda’s €1.2 billion debt facilities;
    • The financing for the €1.65 billion public‑to‑private acquisition of Applus+ by TDR Capital and I Squared Capital and the subsequent upsizing and repricings of the €800 million term loan B;
    • The $4.6 billion financing supporting American Axle & Manufacturing’s public‑to‑private acquisition of LSE‑listed Dowlais;
    • The £1.35 billion financing for the public‑to‑private acquisition of LSE‑listed Spirent Communications by Keysight;
    • The credit facilities to finance the acquisition of a controlling interest in Sedex Information Exchange by Apax;
    • The financing supporting the acquisition of the treasury and capital markets (TCM) business of the Finastra Group by Apax;
    • The financing supporting the acquisition of Techone by KKR;
    • The financing supporting the acquisition of Sebia by Warburg Pincus;
    • The financing for the £534 million public‑to‑private acquisition of LSE‑listed Hotel Chocolat by Mars; 
    • The amendment and extension, and upsizing, of the $3 billion term, revolving and bonding facilities made available to Aggreko, a portfolio company of TDR Capital and I Squared Capital;
    • The €4.1 billion amend‑and‑extend refinancing transaction for EG Group and the repricing and upsize of EG Group’s Euro and U.S. Dollar term facilities, in one of the largest and most successful repricing transactions at the time;
    • The unitranche credit facilities to finance the acquisition of Immedica Pharma by KKR;
    • The senior credit facilities to finance the acquisition of Nexeye by KKR; and
    • The credit facilities made available to finance the acquisition by Warburg Pincus of its stake in Aztec Group.
  • Neoen, a portfolio company of Brookfield Renewable Partners, in connection with its €650 million high‑yield green senior secured notes offering.

Prior to joining Cravath, Mr. Stopford’s notable transactions include representing the lenders in connection with financing the acquisition of T-Mobile Netherlands by Apax and Warburg Pincus, the £2.3 billion public‑to‑private acquisition of Aggreko by I Squared Capital and TDR Capital, the £30 billion public‑to‑private acquisition of Sky by Comcast, the €3.1 billion public‑to‑private acquisition of Iliad Group by Xavier Niel, the £563 million public-to-private acquisition of Arrow Global by TDR Capital and the acquisition of Acqua & Sapone by HIG Capital. His borrower-side representations prior to joining the Firm include various financing transactions for DBAY, GlobalFoundries, Mubadala and Bridgepoint

Mr. Stopford was born in Washington, D.C. He received a B.A. in 2004 in mathematics with honors from Oxford University, a PGDL in 2005 with merit from Oxford Brookes University and an LPC in 2006 with distinction from the Oxford Institute of Legal Practice.

Education

  • LPC, 2006, Oxford Institute of Legal Practice
    with Distinction
  • PGDL, 2005, Oxford Brookes University
    with Merit
  • B.A., 2004, University of Oxford
    with Honors

Admitted In

  • England & Wales

Rankings

Chambers Europe

  • Banking & Finance - UK (2026, 2025, 2024)

Chambers Global

  • Leveraged Finance: Big Ticket - UK (2026, 2025, 2024)

Chambers UK

  • Leveraged Finance: Big Ticket - London (2026-2021)

IFLR1000

  • Banking – UK (2025)

The Legal 500 UK

  • Acquisition Finance (2027-2020)

Deals & Cases

October 06, 2026

Financing for Apax Partners’ €1.5 Billion Acquisition of Gerresheimer Group’s Pharmaceutical Packaging Businesses

Cravath represented the agent and lenders in connection with Apax Partners’ €1.5 billion acquisition of Centor Holding US, Inc. and certain entities and assets representing the primary packaging plastics business of the Gerresheimer Group, a leading global partner for pharmaceutical primary packaging, drug delivery systems and solutions. On October 2, 2026, Gerresheimer Group announced the acquisition of Centor Holding was successfully completed.

Deals & Cases

August 03, 2026

Neoen Finco Plc’s High‑Yield Green Senior Secured Notes Offering

Cravath represented Neoen Finco Plc in connection with its €650 million 144A/Reg. S high‑yield green senior secured notes offering. Neoen Finco Plc is a finance subsidiary of Neoen Limited, one of the world’s leading renewable energy companies with expertise in solar, onshore wind power and battery storage. Neoen is a Brookfield Renewable Partners portfolio company. The transaction closed on June 18, 2026.

Deals & Cases

July 28, 2026

Financing for Energy Capital Partners and KKR’s £5.75 Billion Pending Acquisition of DCC Energy

Cravath is representing the mandated lead arrangers and agent in connection with the infrastructure financing made available to a consortium comprising Energy Capital Partners and KKR for the recommended take‑private acquisition of DCC Energy plc, valued at approximately £5.75 Billion. DCC Energy is a leader in multi‑energy sales and distribution in Europe and the U.S. and a constituent of the FTSE 100. The proposed transaction is subject to shareholder approval and receipt of customary regulatory approvals.

Deals & Cases

July 13, 2026

Boluda Towage’s €2.45 Billion Term Loan and Revolving Credit Facilities 

Cravath represented the agent, mandated lead arrangers and lenders in connection with Boluda Towage’s €2.15 billion (equivalent) term loan facility and €300 million multi‑currency revolving credit facility. The proceeds will be used towards refinancing certain existing credit facilities and for general corporate purposes. Boluda Towage is a leading maritime services operator. The transaction closed on June 30, 2026. 

Deals & Cases

May 08, 2026

Financing for Apax Partners’ Pending Majority Investment in Sedex Information Exchange

On May 8, 2026, Apax Partners, a leading global investment firm, announced its pending acquisition of a controlling interest in Sedex Information Exchange, a global leader in supply chain risk management solutions. Cravath represented the lenders in the committed debt financing in connection with the transaction.

Philip Stopford focuses his practice on leveraged finance, acquisition finance, corporate finance and restructuring transactions, with a particular emphasis on cross-border financings.

Mr. Stopford represents investment banks, commercial banks, private equity sponsors, corporate borrowers and alternative lenders on super senior, senior and subordinated financing arrangements, in Europe and internationally.

Mr. Stopford has been repeatedly recognized as a leading lawyer by Chambers Europe, Chambers Global, Chambers UK, The Legal 500 UK and IFLR1000. He is ranked in the Leveraged Finance: Big Ticket category by Chambers UK and Chambers Europe, in the Acquisition Finance category by The Legal 500 UK and in the Banking category for IFLR1000. Mr. Stopford’s role in the financing for the acquisition of Applus+ by TDR Capital and I Squared Capital won the Financial Times’ Innovative Lawyers Europe Award in the “Dealmaking” category and was featured by IFLR as the “Loan Deal of the Year” in its Europe Awards.

Mr. Stopford has been identified as “a consummate professional who provides good, clear, reliable, actionable advice.” He “is a true trusted advisor with a great delivery and a sense of humor that makes him a great communicator” and “has the ability to advise on both legal and commercial issues, combined with pragmatism and an ability to find solutions.”

Mr. Stopford’s notable transactions include representing:

  • The debt providers in connection with:
    • The infrastructure financing for the proposed £5.75 billion public‑to‑private acquisition of DCC Energy by KKR and Energy Capital Partners;
    • The €2.15 billion (equivalent) of credit facilities made available to Boluda Towage and the previous amendment, extension and upsizing to Boluda’s €1.2 billion debt facilities;
    • The financing for the €1.65 billion public‑to‑private acquisition of Applus+ by TDR Capital and I Squared Capital and the subsequent upsizing and repricings of the €800 million term loan B;
    • The $4.6 billion financing supporting American Axle & Manufacturing’s public‑to‑private acquisition of LSE‑listed Dowlais;
    • The £1.35 billion financing for the public‑to‑private acquisition of LSE‑listed Spirent Communications by Keysight;
    • The credit facilities to finance the acquisition of a controlling interest in Sedex Information Exchange by Apax;
    • The financing supporting the acquisition of the treasury and capital markets (TCM) business of the Finastra Group by Apax;
    • The financing supporting the acquisition of Techone by KKR;
    • The financing supporting the acquisition of Sebia by Warburg Pincus;
    • The financing for the £534 million public‑to‑private acquisition of LSE‑listed Hotel Chocolat by Mars; 
    • The amendment and extension, and upsizing, of the $3 billion term, revolving and bonding facilities made available to Aggreko, a portfolio company of TDR Capital and I Squared Capital;
    • The €4.1 billion amend‑and‑extend refinancing transaction for EG Group and the repricing and upsize of EG Group’s Euro and U.S. Dollar term facilities, in one of the largest and most successful repricing transactions at the time;
    • The unitranche credit facilities to finance the acquisition of Immedica Pharma by KKR;
    • The senior credit facilities to finance the acquisition of Nexeye by KKR; and
    • The credit facilities made available to finance the acquisition by Warburg Pincus of its stake in Aztec Group.
  • Neoen, a portfolio company of Brookfield Renewable Partners, in connection with its €650 million high‑yield green senior secured notes offering.

Prior to joining Cravath, Mr. Stopford’s notable transactions include representing the lenders in connection with financing the acquisition of T-Mobile Netherlands by Apax and Warburg Pincus, the £2.3 billion public‑to‑private acquisition of Aggreko by I Squared Capital and TDR Capital, the £30 billion public‑to‑private acquisition of Sky by Comcast, the €3.1 billion public‑to‑private acquisition of Iliad Group by Xavier Niel, the £563 million public-to-private acquisition of Arrow Global by TDR Capital and the acquisition of Acqua & Sapone by HIG Capital. His borrower-side representations prior to joining the Firm include various financing transactions for DBAY, GlobalFoundries, Mubadala and Bridgepoint

Mr. Stopford was born in Washington, D.C. He received a B.A. in 2004 in mathematics with honors from Oxford University, a PGDL in 2005 with merit from Oxford Brookes University and an LPC in 2006 with distinction from the Oxford Institute of Legal Practice.

Mr. Stopford represents investment banks, commercial banks, private equity sponsors, corporate borrowers and alternative lenders on super senior, senior and subordinated financing arrangements, in Europe and internationally.

Mr. Stopford has been repeatedly recognized as a leading lawyer by Chambers Europe, Chambers Global, Chambers UK, The Legal 500 UK and IFLR1000. He is ranked in the Leveraged Finance: Big Ticket category by Chambers UK and Chambers Europe, in the Acquisition Finance category by The Legal 500 UK and in the Banking category for IFLR1000. Mr. Stopford’s role in the financing for the acquisition of Applus+ by TDR Capital and I Squared Capital won the Financial Times’ Innovative Lawyers Europe Award in the “Dealmaking” category and was featured by IFLR as the “Loan Deal of the Year” in its Europe Awards.

Mr. Stopford has been identified as “a consummate professional who provides good, clear, reliable, actionable advice.” He “is a true trusted advisor with a great delivery and a sense of humor that makes him a great communicator” and “has the ability to advise on both legal and commercial issues, combined with pragmatism and an ability to find solutions.”

Mr. Stopford’s notable transactions include representing:

  • The debt providers in connection with:
    • The infrastructure financing for the proposed £5.75 billion public‑to‑private acquisition of DCC Energy by KKR and Energy Capital Partners;
    • The €2.15 billion (equivalent) of credit facilities made available to Boluda Towage and the previous amendment, extension and upsizing to Boluda’s €1.2 billion debt facilities;
    • The financing for the €1.65 billion public‑to‑private acquisition of Applus+ by TDR Capital and I Squared Capital and the subsequent upsizing and repricings of the €800 million term loan B;
    • The $4.6 billion financing supporting American Axle & Manufacturing’s public‑to‑private acquisition of LSE‑listed Dowlais;
    • The £1.35 billion financing for the public‑to‑private acquisition of LSE‑listed Spirent Communications by Keysight;
    • The credit facilities to finance the acquisition of a controlling interest in Sedex Information Exchange by Apax;
    • The financing supporting the acquisition of the treasury and capital markets (TCM) business of the Finastra Group by Apax;
    • The financing supporting the acquisition of Techone by KKR;
    • The financing supporting the acquisition of Sebia by Warburg Pincus;
    • The financing for the £534 million public‑to‑private acquisition of LSE‑listed Hotel Chocolat by Mars; 
    • The amendment and extension, and upsizing, of the $3 billion term, revolving and bonding facilities made available to Aggreko, a portfolio company of TDR Capital and I Squared Capital;
    • The €4.1 billion amend‑and‑extend refinancing transaction for EG Group and the repricing and upsize of EG Group’s Euro and U.S. Dollar term facilities, in one of the largest and most successful repricing transactions at the time;
    • The unitranche credit facilities to finance the acquisition of Immedica Pharma by KKR;
    • The senior credit facilities to finance the acquisition of Nexeye by KKR; and
    • The credit facilities made available to finance the acquisition by Warburg Pincus of its stake in Aztec Group.
  • Neoen, a portfolio company of Brookfield Renewable Partners, in connection with its €650 million high‑yield green senior secured notes offering.

Prior to joining Cravath, Mr. Stopford’s notable transactions include representing the lenders in connection with financing the acquisition of T-Mobile Netherlands by Apax and Warburg Pincus, the £2.3 billion public‑to‑private acquisition of Aggreko by I Squared Capital and TDR Capital, the £30 billion public‑to‑private acquisition of Sky by Comcast, the €3.1 billion public‑to‑private acquisition of Iliad Group by Xavier Niel, the £563 million public-to-private acquisition of Arrow Global by TDR Capital and the acquisition of Acqua & Sapone by HIG Capital. His borrower-side representations prior to joining the Firm include various financing transactions for DBAY, GlobalFoundries, Mubadala and Bridgepoint

Mr. Stopford was born in Washington, D.C. He received a B.A. in 2004 in mathematics with honors from Oxford University, a PGDL in 2005 with merit from Oxford Brookes University and an LPC in 2006 with distinction from the Oxford Institute of Legal Practice.

Education

  • LPC, 2006, Oxford Institute of Legal Practice
    with Distinction
  • PGDL, 2005, Oxford Brookes University
    with Merit
  • B.A., 2004, University of Oxford
    with Honors

Admitted In

  • England & Wales

Rankings

Chambers Europe

  • Banking & Finance - UK (2026, 2025, 2024)

Chambers Global

  • Leveraged Finance: Big Ticket - UK (2026, 2025, 2024)

Chambers UK

  • Leveraged Finance: Big Ticket - London (2026-2021)

IFLR1000

  • Banking – UK (2025)

The Legal 500 UK

  • Acquisition Finance (2027-2020)

Deals & Cases

October 06, 2026

Financing for Apax Partners’ €1.5 Billion Acquisition of Gerresheimer Group’s Pharmaceutical Packaging Businesses

Cravath represented the agent and lenders in connection with Apax Partners’ €1.5 billion acquisition of Centor Holding US, Inc. and certain entities and assets representing the primary packaging plastics business of the Gerresheimer Group, a leading global partner for pharmaceutical primary packaging, drug delivery systems and solutions. On October 2, 2026, Gerresheimer Group announced the acquisition of Centor Holding was successfully completed.

Deals & Cases

August 03, 2026

Neoen Finco Plc’s High‑Yield Green Senior Secured Notes Offering

Cravath represented Neoen Finco Plc in connection with its €650 million 144A/Reg. S high‑yield green senior secured notes offering. Neoen Finco Plc is a finance subsidiary of Neoen Limited, one of the world’s leading renewable energy companies with expertise in solar, onshore wind power and battery storage. Neoen is a Brookfield Renewable Partners portfolio company. The transaction closed on June 18, 2026.

Deals & Cases

July 28, 2026

Financing for Energy Capital Partners and KKR’s £5.75 Billion Pending Acquisition of DCC Energy

Cravath is representing the mandated lead arrangers and agent in connection with the infrastructure financing made available to a consortium comprising Energy Capital Partners and KKR for the recommended take‑private acquisition of DCC Energy plc, valued at approximately £5.75 Billion. DCC Energy is a leader in multi‑energy sales and distribution in Europe and the U.S. and a constituent of the FTSE 100. The proposed transaction is subject to shareholder approval and receipt of customary regulatory approvals.

Deals & Cases

July 13, 2026

Boluda Towage’s €2.45 Billion Term Loan and Revolving Credit Facilities 

Cravath represented the agent, mandated lead arrangers and lenders in connection with Boluda Towage’s €2.15 billion (equivalent) term loan facility and €300 million multi‑currency revolving credit facility. The proceeds will be used towards refinancing certain existing credit facilities and for general corporate purposes. Boluda Towage is a leading maritime services operator. The transaction closed on June 30, 2026. 

Deals & Cases

May 08, 2026

Financing for Apax Partners’ Pending Majority Investment in Sedex Information Exchange

On May 8, 2026, Apax Partners, a leading global investment firm, announced its pending acquisition of a controlling interest in Sedex Information Exchange, a global leader in supply chain risk management solutions. Cravath represented the lenders in the committed debt financing in connection with the transaction.

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