Cadwalader Expands Leveraged Finance and Financial Restructuring/Special Situations Capabilities

February 28, 2022

Finance partner Matthew Smith and Restructuring partner Bevis Metcalfe will join the firm in London.

Cadwalader, Wickersham & Taft LLP is expanding its European Leveraged Finance and Private Credit team with the addition of Finance partner Matthew Smith and Restructuring and Special Situations partner Bevis Metcalfe.

Smith and Metcalfe will join Cadwalader in April from Baker McKenzie, where they worked closely on private credit and other matters.  

“Our transatlantic Finance Group continues to be busier than ever,” said Cadwalader managing partner Pat Quinn. “The arrival of Matt and Bevis gives us a well-known and talented team that, with the support of our other market-leading practices, will provide existing and new clients with the highest level of guidance and support.” 

Added London managing partner Gregory Petrick: “We are excited to continue our expansion in the Leveraged Finance and Private Credit space – consistent with our firm-wide strategy and the growth of our London office. Matt and Bevis are welcome additions and represent another example of us executing on strategic growth opportunities in London.”

Smith principally advises lenders and private equity sponsors on European leveraged finance transactions and is widely recognized as having particular expertise in private credit and direct lending structures. 

Metcalfe’s practice focuses on complex cross-border restructuring matters and special situations financings, with a particular emphasis on representing private investment funds. He also routinely acts for debtors, banks, insolvency practitioners and corporate trustees. In addition to advising in relation to restructuring matters, Metcalfe also advises sponsors, corporates, banks and credit funds in relation to leveraged and investment grade corporate financings.

Michael Mascia, chair of Cadwalader’s Finance Group, said: “We are very committed to continuing to grow our broad transatlantic Finance capabilities. As we have seen in London with the growth of our market-leading Fund Finance and Capital Markets practices, our reputation for excellence precedes us and regularly opens the door for continued investment in expanded practice capabilities.” 

Smith commented: “I have long admired Cadwalader's exceptional Fund Finance, Real Estate Finance and Capital Markets practices and am delighted that Bevis and I are now in a position to open these practices up to our clients whilst helping to grow their integrated U.S./UK law Leveraged Finance and Private Credit practice.”

Added Metcalfe: “Servicing private capital clients is such a big part of my and Matt’s overlapping practices. Cadwalader is perfectly suited to serving these sophisticated users of legal services, with existing very strong capabilities across all the key transactional practice areas.”

Cadwalader has experienced a number of significant partner additions in the U.S. and London, including: a market-leading litigation team from Boies Schiller, led by Nicholas Gravante and including Philip Iovieno, Karen Dyer and Lawrence Brandman in global litigation; Michael Bergmann and Kiran Kadekar in corporate; M. Chadwick Stackhouse in fund finance; Mark Beardsworth, Kevin Roberts, Rachel Rodman, and Philip Khinda in white collar defense and investigations; Doug Gansler to lead the State Attorneys General practice; Michael Newell in funds formation; and Matthew Duncan in capital markets.