Cravath’s London Office Moves to 100 Cheapside
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 and The Legal 500 UK. He is ranked in the Banking & Finance: Big Ticket category by Chambers UK and in the Acquisition Finance category by The Legal 500 UK. Mr. Stopford’s role in the financing for the acquisition of Applus+ by TDR Capital and I Squared Capital was featured as the “Loan Deal of the Year” by IFLR 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:
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 and The Legal 500 UK. He is ranked in the Banking & Finance: Big Ticket category by Chambers UK and in the Acquisition Finance category by The Legal 500 UK. Mr. Stopford’s role in the financing for the acquisition of Applus+ by TDR Capital and I Squared Capital was featured as the “Loan Deal of the Year” by IFLR 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:
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.
Chambers Europe
Chambers Global
Chambers UK
The Legal 500 UK
Deals & Cases
July 15, 2025
Cravath represented the administrative agent and lead arrangers in connection with the arrangement of $1.42 billion and €1.29 billion of term loan facilities made available to Aggreko, a portfolio company of I Squared Capital and TDR Capital and a global leader in energy solutions, providing rapidly deployable, temporary and semi permanent modular power and temperature control solutions, with strong diversification across customers, geographies and end‑markets. The transaction closed on July 1, 2025.
Deals & Cases
June 13, 2025
Cravath represented the initial purchasers in connection with the $1.4 billion and €850 million Rule 144A/Reg. S high yield senior secured notes offering of Albion Financing 1 S.à r.l and Aggreko Holdings Inc., subsidiaries of Albion Holdco Limited (“Aggreko”), for the purpose of repaying all of Aggreko’s outstanding senior secured notes and senior notes, paying a dividend and repaying certain preference shares. The offering closed on May 21, 2025.
Deals & Cases
December 19, 2024
Cravath represented the initial purchasers in connection with the €600 million and $850 million 144A/Reg. S high‑yield senior secured notes offering of Iliad Holding S.A.S. (“Iliad”), a leading European telecommunications provider. The notes were listed on The International Stock Exchange. The transaction closed on December 3, 2024.
Deals & Cases
June 11, 2024
Cravath represented the initial purchasers in connection with the €600 million and $750 million 144A/Reg. S high‑yield senior secured notes offering and the €150 million and $200 million 144A/Reg. S high‑yield additional senior secured notes offering of Iliad Holding S.A.S. (“Iliad”), a leading European telecommunications provider. The notes were listed on The International Stock Exchange. The transactions closed on May 14, 2024, and May 16, 2024, respectively.
Deals & Cases
March 29, 2024
Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with a £1.35 billion bridge facility made available to fund the proposed acquisition of Spirent Communications by Keysight Technologies, Inc., outbidding a previous proposal by Viavi Solutions. Keysight Technologies, Inc. is a global innovator in the computing, communications and electronics market. The transaction announced on March 28, 2024.
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 and The Legal 500 UK. He is ranked in the Banking & Finance: Big Ticket category by Chambers UK and in the Acquisition Finance category by The Legal 500 UK. Mr. Stopford’s role in the financing for the acquisition of Applus+ by TDR Capital and I Squared Capital was featured as the “Loan Deal of the Year” by IFLR 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:
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 and The Legal 500 UK. He is ranked in the Banking & Finance: Big Ticket category by Chambers UK and in the Acquisition Finance category by The Legal 500 UK. Mr. Stopford’s role in the financing for the acquisition of Applus+ by TDR Capital and I Squared Capital was featured as the “Loan Deal of the Year” by IFLR 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:
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.
Chambers Europe
Chambers Global
Chambers UK
The Legal 500 UK
Deals & Cases
July 15, 2025
Cravath represented the administrative agent and lead arrangers in connection with the arrangement of $1.42 billion and €1.29 billion of term loan facilities made available to Aggreko, a portfolio company of I Squared Capital and TDR Capital and a global leader in energy solutions, providing rapidly deployable, temporary and semi permanent modular power and temperature control solutions, with strong diversification across customers, geographies and end‑markets. The transaction closed on July 1, 2025.
Deals & Cases
June 13, 2025
Cravath represented the initial purchasers in connection with the $1.4 billion and €850 million Rule 144A/Reg. S high yield senior secured notes offering of Albion Financing 1 S.à r.l and Aggreko Holdings Inc., subsidiaries of Albion Holdco Limited (“Aggreko”), for the purpose of repaying all of Aggreko’s outstanding senior secured notes and senior notes, paying a dividend and repaying certain preference shares. The offering closed on May 21, 2025.
Deals & Cases
December 19, 2024
Cravath represented the initial purchasers in connection with the €600 million and $850 million 144A/Reg. S high‑yield senior secured notes offering of Iliad Holding S.A.S. (“Iliad”), a leading European telecommunications provider. The notes were listed on The International Stock Exchange. The transaction closed on December 3, 2024.
Deals & Cases
June 11, 2024
Cravath represented the initial purchasers in connection with the €600 million and $750 million 144A/Reg. S high‑yield senior secured notes offering and the €150 million and $200 million 144A/Reg. S high‑yield additional senior secured notes offering of Iliad Holding S.A.S. (“Iliad”), a leading European telecommunications provider. The notes were listed on The International Stock Exchange. The transactions closed on May 14, 2024, and May 16, 2024, respectively.
Deals & Cases
March 29, 2024
Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with a £1.35 billion bridge facility made available to fund the proposed acquisition of Spirent Communications by Keysight Technologies, Inc., outbidding a previous proposal by Viavi Solutions. Keysight Technologies, Inc. is a global innovator in the computing, communications and electronics market. The transaction announced on March 28, 2024.
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