Penny Angell

Penny Angell

Partner, London

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


Europe Women in Business Law "Best in Banking & Finance" award


Europe Women in Business Law "Best in Banking & Finance" award


Band 2, Banking and Finance
Chambers UK 2018

Education and admissions


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


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

Representative experience

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

Advising SABMiller on the U.S.$12.5bn facilities to support its acquisition of Australian brewer Foster's Group

Acting for a large club of senior lenders in relation to the provision of post-IPO facilities to the food travel group SSP

Advising the senior lenders on the financing to support Anacap's acquisition of Brightside Group plc via scheme of arrangement

Advising the mandated lead arranger on the debt facility to support Swiss Re's acquisition of Guardian Financial Services

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

Advising the super senior lenders in relation to the facilities to support Stirling Square's acquisition of National Fostering Agency

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