Two More Private Equity Partners to Join Ropes & Gray in London
Ropes & Gray builds on London momentum with Will Rosen appointment and transfer of Boston private equity partner Bill Mone to London
Leading U.K. private equity attorney Will Rosen is joining Ropes & Gray, the firm announced today, bolstering the firm’s offering in London. In addition to Mr. Rosen’s arrival, private equity partner Bill Mone will be transferring to London from the firm’s Boston office. Mr. Rosen becomes the third new lateral private equity partner in London since February, and follows the recent addition of Kiran Sharma.
Mr. Rosen joins Ropes & Gray from DLA Piper in London where he was a partner in the corporate group and head of private equity, EMEA. Prior to joining DLA Piper in 2008 he was a partner at Weil, Gotshal & Manges. Mr. Rosen is expected to join the firm in mid-2011. He is recognized in The Legal 500, Chambers & Partners and The Guide to the World’s Leading Private Equity Lawyers directories as a recommended practitioner in private equity.
Bill Mone regularly represents private equity sponsors and their portfolio companies in mergers and acquisitions and related financings. His clients include Bain Capital, THL Partners and J.W. Childs Associates. Mr. Mone will relocate to London in August 2011.
“With the addition of Kiran and Will, and the transfer of Bill, we have a strong and senior private equity team to add to our existing finance and restructuring practices in London. This is an important part of our global strategy to serve our clients,” said Ropes & Gray chairman Brad Malt.
Al Rose, leader of the firm’s private equity practice, said, “We have the core components and broad skill sets in place in London to service our corporate, hedge fund and private equity client base, and we expect to add to this area in the future.”
“Will and Bill round out a significant team that enables us to provide clients with a complete spectrum of services from banking and high yield through M&A and restructuring, all operating as part of an integrated practice,” said David Chapin, partner and member of the Ropes & Gray Policy Committee, with responsibility for London.
Mr. Rosen said he was drawn to Ropes & Gray by the industry recognition of its private equity practice and the rare opportunity to build-out a new London venture.
“It’s a unique opportunity to help lead the firm’s efforts in servicing private equity clients that are looking at European transactions,” said Mr. Rosen. “With such a strong global reputation in this area and the chance to work with some familiar faces it was too good an opportunity to turn down.”
Mr. Mone is the second Boston-based partner to transfer to London, following high yield partner Jane Rogers’s move in the summer of 2010.
“It’s the right time to be moving to London given the exciting opportunities that lie ahead and the strategic importance of the office to the firm’s commitment to serving our global clients,” said Mr. Mone.
Ropes & Gray has a broad client base that includes seven of the 10 largest global funds (based on Private Equity International’s The PEI 300, 2010) and is ranked third in the number of private equity deals by Dow Jones 2010: Private Equity Analyst.
The firm has handled recent high-profile transactions, including representing:
- Bain Capital on Dunkin’ Brands US$1.9 billion recapitalization;
- TPG Capital on its US$3 billion acquisition of J.Crew Group, Inc. and its US$1.6 billion acquisition of Ontex N.V.;
- Welsh, Carson, Anderson & Stowe on its US$2.1 billion sale of U.S. Oncology Inc. and its US$1.3 billion sale of AGA Medical Holdings Inc.;
- In London, Liberty Group and its group of companies on seven successful high yield offerings since November 2009;
- Berkshire Partners US$1.1 billion acquisition of Skillsoft plc;
- Bain Capital on its US$1.1 billion acquisition of Bellsystem24, the leading call center operator in Japan, in a transaction named “Technology, Media and Telecommunications Deal of the Year” by Asian Legal Business; and
- In China, TPG Capital on its investment in China Vogue Casual wear and Bain Capital on its US$489 million sale of Feixiang Chemicals.
Ropes & Gray, a global law firm with more than 1,000 lawyers and professionals, has been recognized as having one of the world’s leading private equity practices. The opening of Ropes & Gray’s London office marked the firm’s fourth move into key geographic markets in the past two years, following openings in Tokyo, Hong Kong and Chicago, which allows the firm to serve clients from bases in major world private equity and finance centers and to provide global execution of transactions.