Spencer Pepper

Milbank LLP is honored to be recognized as a leading practice for banking and private credit in the Legal 500 and Chambers USA 2025 ranking guides. Marcus Dougherty, who leads the US leveraged finance practice and co-heads the global group, along with New York-based partners Lauren Hanrahan, Charles Stern, Benjamin Sayagh, Benjamin Miles and Spencer Pepper were also ranked as top attorneys in these practice areas.~~Milbank’s Global Leveraged Finance Group was ranked in Tier 1 for Commercial Lending: Advice to Bank Lenders in Legal 500’s United States and Global rankings, with the publication highlighting the team’s aptitude across LBO financings, private credit unitranches, recapitalizations and high-yield bridge financing transactions. In addition to the practice ranking, Ms. Hanrahan was featured as a Hall of Fame lawyer and Mr. Dougherty and Mr. Stern were ranked as Leading Partners for providing advice to bank lenders.~~Milbank was also ranked in Tier 1 for Commercial Lending: Advice to Direct Lenders/Private Credit in Legal 500’s United States and Global rankings – one of only three firms nationally to be recognized in the top tier. In addition, Mr. Dougherty, Ms. Hanrahan and Mr. Stern were individually recognized as Leading Partners for private credit.~~In Chambers USA’s Banking & Finance (New York) rankings, Milbank’s Global Leveraged Finance Group is recognized in Band 2, with clients commenting, “The Milbank team excels at finding solutions for even the most intricate of issues” and “Milbank delivers a fulsome product and never hesitates to bring in the right team required to get the job done.” “There are no holes in their practice. They have really broad and deep expertise and they help their clients get to a deal.” Individually, Mr. Dougherty was ranked in Band 1, with Chambers praising his practice, stating he “wins widespread acclaim for his frequent representation of investment banks and other lenders in commercial financings.” Clients note, “Marcus is super sharp, available at all hours and an excellent problem solver. He’s top-notch” and that he is “very client focused.” Also individually ranked for banking and finance, Mr. Hanrahan was recognized in Band 2, with a client commenting, “She is very client-focused,” and another touting, “You’re always in good hands with Lauren.” Mr. Stern and Mr. Sayagh were also ranked by the publication for banking and finance. “Charles Stern is always prepared and responsive. He’s incredibly talented at articulating his client’s position, both in live negotiations and in writing,” a client pointed out. Chambers mentions Mr. Sayagh for being “a very smart attorney who knows his documents.”~~In Chambers USA’s Private Credit (Nationwide) rankings, Milbank was ranked in Band 2, with Mr. Dougherty being individually featured among the top tier rankings for this practice areas. The publication noted, “Milbank offers excellent counsel to a wide range of clients in the private credit market.” Clients further highlighted the team’s strength, stating, “Milbank's deep bench of specialists and significant experience allows them to provide value in the most complex situations,” and “Milbank offers very talented counsel. They’re solution-oriented and target the issues that actually matter.”~~In IFLR1000’s rankings, the team was recognized in Tier 1 of the Banking rankings in the United States (Nationwide) and in Tier 1 of the regional New York rankings for Banking. Mr. Dougherty and Ms. Hanrahan were ranked as Market Leaders, the publication’s highest individual rankings, with Mr. Stern (Highly Regarded), Mr. Miles (Notable Practitioner), Mr. Sayagh (Rising Star) and Mr. Pepper (Rising Star) also being notably ranked. In addition, Ms. Hanrahan was recognized in the Women Leaders rankings.~~“The entire team of partners, special counsel and associates are grateful to have the opportunity to collaborate with our clients to deliver bespoke solutions for each financing transaction. We look forward to delivering the highest level of client service in the coming year.” Mr. Dougherty added.

Jun 24

3 min

Milbank LLP advised Oak Hill Advisors as left lead arranger and the other financing sources for a private unitranche facility supporting the acquisition of Farsound Aviation Limited (“Farsound”) by the Onex Partners Opportunities Fund. Farsound is a leading global supply chain solutions provider for the aerospace engine maintenance, repair and overhaul market. The Milbank deal team was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Spencer Pepper and associates Diane Lee and Joseph Principato, and London-based partner Tristram Gargent and associate Katherine Williams.

Dec 3

1 min

Milbank LLP represented the financing sources in connection with Almaviva S.p.A.’s acquisition of Iteris Inc. (NASDAQ-listed). Milbank advised the initial purchasers in connection with the offering by Almaviva S.p.A.’s of €725 million 5.00% senior secured notes due 2030 and a new revolving credit facility. The proceeds of the offering of the senior secured notes will be used to finance the acquisition of Iteris Inc., redeem all outstanding amounts under Almaviva S.p.A.’ existing 4.875% senior secured notes due 2026, and pay transaction costs and expenses (including redemption premiums and accrued interest) in connection with the offering. Headquartered in Rome, Almaviva is a leading provider of mission-critical IT services in Italy and a leading provider of digital relationship management services in Brazil. Its business consists of three operating divisions organized around three principal areas of activity: IT Services, DRM and Almawave, its innovation and new technologies business. The acquisition of Iteris represents a significant expansion of Almaviva in the US market. The Milbank team was led by European Leveraged Finance/Capital Markets partners Ana Grbec and Alexandra Grant, associates Melanie Probst, Giulia Petragnani Gelosi, Federica Venegoni, Matteo Bonacina, Raiyan Chowdhury and law clerk Luca Mirabile. The team also included New York-based Global Leveraged Finance partner Spencer Pepper and associates Abril Kang, Edward McCartney and Daniel Woods and London Tax associate Freddy Pilkington.

Nov 5

1 min

Milbank LLP represented the financing sources in connection with the acquisition of Broadcom Inc.’s End-User Computing Division (the “EUC Division”) by funds managed by KKR in a transaction valued at approximately $4 billion. The EUC Division, now a standalone software company known as Omnissa, provides a suite of digital workspace solutions through products (including Horizon and Workspace ONE) that allow organizations to securely deliver and manage applications, desktops and data across any device or platform. The Milbank deal team was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Spencer Pepper, along with associates Natasha Graham, Adam Glynn and Joseph Principato.

Jul 1

1 min

Milbank LLP advised the financing sources on the financing of Arlington Capital Partners’ acquisition of Pond & Company (“Pond”) and its subsidiaries. Arlington Capital Partners is a Washington, DC area-based private investment firm specializing in government-regulated industries. Pond, headquartered in Peachtree Corners, Georgia, is a full-service design and engineering firm providing regulatory-driven high-precision services to the federal government and customers across the energy, infrastructure and life sciences industries. The Milbank team was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Spencer Pepper and included associates Edwin Bogert and Riley Ruppel.

Jan 13

1 min