Penny Angell

Penny Angell


Email penny.angell@​

Phone +44 20 7296 5786

Fax +44 20 7296 2001


Practice groupFinance

"Penny is highlighted for her hands-on approach to transactions and 'is extremely proactive about identifying issues while at the same time suggesting solutions and potential compromises.''

Chambers UK 2016

Penny Angell leads the firm's Global Banking Practice. Her own practice focuses on acquisition and leveraged finance and other complex corporate debt arrangements.

Never one to adopt a "one size fits all" mentality, Penny has continually adapted to changing market dynamics and debt structures and has consequently advised on a wide array of leverage financings, including senior, mezzanine, PIK and unitranche/super senior financing arrangements on acquisitions and other leveraged finance transactions, including take-privates, bids, leveraged recapitalisations, and domestic and cross-border leveraged buyouts.

Her commercial, solutions-based approach means she is equally at home advising borrowers and lenders (both banks and debt funds). She also has particular experience in the highly regulated area of insurance company financings. Penny brings a wealth of experience derived from a career that spans several credit cycles, enabling her to provide clients with practical, commercial advice on the key issues in structuring and documenting debt finance transactions. This is underlined by Chambers UK 2018, which notes that Penny is "very calm under pressure and very considered in her analysis of situations – that's why she's known to be one of the best leveraged finance lawyers in the middle market."

In previous years, Penny received the Europe Women in Business Law "Best in Banking & Finance" award. In addition to her client practice, Penny sits on the Financial Law Committee of the City of London Law Society, a respected industry body comprised of representatives from leading London law firms.

Awards and recognitions


Banking and Finance
Chambers Global

Education and admissions


B.A. Law, University of Cambridge, Emmanuel College


Hogan Lovells representative on Financial Law Committee of City of London Law Society

Related industries

Financial Institutions

Related areas of focus

Direct Lending

Representative experience

Partners Group, Avenue Capital and Alcentra, as the mezzanine lenders in relation to the refinancing of Caffè Nero

Goldman Sachs on the refinancing and expansion facilities for the European operations of Five Guys

The senior lenders on the financing to support the acquisition of AXA Life Europe by an investment company owned by Cinven, in a deal valued at EUR 1.2billion

The syndicate of lenders on the debt facility to support the Viridium Group's acquisition of a majority stake in Generali Leben, in a transaction valued at EUR 1.9billion

The syndicate of lenders on the acquisition and refinancing facilities in relation to the acquisition of Eurovita by Ergo Italia (a Cinven investment company)

Alcentra, Barings and HSBC in relation to the provision of facilities backing the acquisition by Stirling Square of French campsite operator Siblu

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