New York agency boosts sponsor finance capabilities with arrival of personal fairness specialist Daniel Abercromby
Mateusz Pasierbek; Shutterstock
White & Case has employed leveraged finance companion Daniel Abercromby from Weil Gotshal & Manges in Hong Kong because it seeks to broaden its international debt finance observe.
Abercromby specialises in advising personal fairness funds and their portfolio corporations on a wide-range of financings within the Asia-Pacific area. His expertise spans leveraged and acquisition financings, direct lending, particular conditions investments, and restructuring and refinancing.
Eric Leicht, head of White & Case’s international debt finance observe, mentioned: “Investing in our sponsor finance capabilities in Asia-Pacific is integral to assembly the rising consumer demand within the area for specialist borrower and lender recommendation.”
He added: “Daniel’s observe and consumer relationships share many synergies with our current choices in Asia-Pacific and can additional complement and improve our skill to serve our purchasers there.”
Abercromby brings with him virtually 15 years of expertise, having labored at various international regulation corporations. He spent simply over a yr at Weil, becoming a member of from Kirkland & Ellis, the place he had a spell of virtually 5 years as a companion within the agency’s debt finance crew in each London and Hong Kong. Previous to that he spent seven years as a senior affiliate at Allen & Overy in London and Singapore, throughout which period he was seconded to Goldman Sachs and Commonplace Chartered Financial institution. He began his profession at Bell Gully after which Mayne Wetherell in New Zealand.
Baldwin Cheng, the agency’s regional part head for Asia-Pacific company, finance and restructuring, mentioned: “Daniel is an skilled and extremely regarded sponsor finance lawyer within the Asia-Pacific area. His arrival demonstrates our ambitions and dedication to sponsor finance and for the continued growth and growth of our M&A observe and personal fairness trade group in Asia-Pacific.”
In February 2019, the New York-based agency employed a four-lawyer personal fairness crew from Ropes & Grey in Hong Kong, together with co-head of personal fairness Daniel Yeh. All 4 joined as companions.
Donald Baker, a member of White & Case’s international govt committee, mentioned: “The worldwide personal fairness trade is a strategic precedence for White & Case and strengthening our sponsor finance providing by means of the addition of Daniel helps that and additional builds on our progress in Asia-Pacific.”
In June, fellow New York agency Milbank has hired Liang Tao as a partner from Allen & Overy to bolster the agency’s pan-Asia capital markets providing.