Andrej Wolf

Milbank LLP won the Best Innovation Through Technology award for its partnership with LEVRA at the People in Law Awards 2025. People in Law is a network that strives to advance people management across the legal sector, with the aim of being a thought leader offering ideas, insights, best practices and group solution generation. Milbank’s collaboration with LEVRA integrates virtual reality technology with psychometric insights, delivering a professional skills training program for trainee solicitors and apprentices in the firm’s London office. "This program not only prepares our team with valuable professional skills but also reinforces our commitment to innovation in legal education. By utilizing virtual reality technology, we are shaping the future of legal training in a dynamic and engaging way," said Nick Swinburne, partner responsible for Professional Development and head of Milbank’s Transportation and Space Group in London. “We are very proud to offer this scientifically-backed, immersive learning program in London,” remarked Tom Canning, co-managing partner of the London office. “The blending of technology with the development of critical professional competencies presents an invaluable opportunity for our trainees and apprentices,” added Andrej Wolf, co-managing partner of the London office. By combining strong data analysis with cutting-edge technology, this initiative equips participants with essential skills as part of Milbank’s Early Year Curriculum. Learn more about the awards here.

May 6

1 min

Milbank LLP has advised global growth investor Summit Partners in connection with a partial sell down of its investment in Odoo SA, a Belgium-based leader in open source all-in-one business software, to institutional investors. The transaction forms part of a €500 million financing round led by CapitalG and Sequoia Capital, with participation from BlackRock, Mubadala Investment Company, HarbourVest Partners, AVP and Alkeon, which values Odoo at €5 billion. Following the transaction, Summit will remain Odoo’s largest institutional shareholder. Odoo provides a comprehensive suite of management software applications for small and mid-sized businesses, used by over 13 million users worldwide. This major transaction underscores Odoo’s leadership position in the SMB software ecosystem and strong financial profile. It also highlights the company’s continued momentum in reshaping the business software landscape with innovative, accessible solutions for companies worldwide. The Milbank team was led by Global Corporate partner Andrej Wolf with support from associate Daniel Woods and trainee Yumi Noguchi.

Nov 22

1 min

Milbank LLP has advised Frigoglass Group, a global commercial refrigeration and glass packaging solutions company for the beverage industry, on the sale of its Nigerian Glass Division and its entry into an agreement with noteholders to, among other things, secure a €20 million financing facility and extend maturities of its senior secured notes due 2026. Milbank worked alongside Tetrad Capital Partners on the transaction. Following a competitive process, Frigoglass entered into an agreement to sell the entirety of its shareholding in Frigoinvest Nigeria Holdings B.V., the holding company of its Nigerian Glass Division (including Beta Glass plc and Frigoglass Industries Nigeria Limited), which comprise the Group’s glass container, plastic crates and metal crowns manufacturing activities, to Helios Investment Partners (acting on behalf of the funds it advises) for consideration of up to €100 million. The transaction is expected to complete in the first quarter of 2026. Frigoglass also entered into a transaction support agreement (the “TSA”) with a group of holders (the “Consenting Noteholders”) holding significant majorities in each of its senior secured notes due 2026 with an initial principal amount of €20 million (the “Super Senior Notes”), senior secured notes due 2026 with an initial principal amount of €75 million (the “Senior Secured Notes”) and second lien secured notes due 2028 with an initial principal amount of €150 million (the “Second Lien Notes,” and, together with the Super Senior Notes and the Senior Secured Notes, the “Notes”). Under the terms of the TSA, the Consenting Noteholders have, among other things, consented to implement amendments to (i) extend the maturity dates of the Super Senior Notes and the Senior Secured Notes to March 27, 2028, respectively, (ii) permit the retention of net proceeds from certain asset disposals under the terms of the Notes, and (iii) if necessary, release certain collateral granted in favour of the Notes and for such collateral to be granted in favour of one or more local credit facilities. The Consenting Noteholders further agreed to backstop the issuance of additional Super Senior Notes in an amount of up to €20 million with the first such issuance of €10 million having already taken place to support working capital purposes and the ongoing transformation and growth of the Group’s commercial refrigeration division. The Milbank team included partners Lara Watt, Ana Grbec, Andrej Wolf and Sinjini Saha, special counsel Suzanne Thomson, James Simpson and Melanie Probst, and associates Aoibheann Harkin, Daniel Woods, Patrick Kratzenstein and Karishma Mehan. Partner Andrea Hamilton led on antitrust-related matters and the team was supported by partner Alan Rafferty and associate Jade Du Berry on tax-related matters.

Jan 26

2 min

Milbank LLP is pleased to announce that Ian Wallace has joined the London office as a partner in the Financial Restructuring Group.~~“We are thrilled to welcome Ian to Milbank,” said Milbank Chairman Scott Edelman. “Ian is highly regarded in the market, with a breadth and depth of experience on both the creditor and debtor side that will significantly enhance our global offerings.”~~Mr. Wallace has nearly 20 years’ experience leading restructuring advisory – acting for debtor-side corporates and financial sponsors as well as a wide range of sophisticated creditors, including banks, funds and noteholders.~~“Ian is an outstanding lawyer and an excellent addition to our restructuring team and our firm,” said Dennis Dunne, Global Chair of Milbank’s Financial Restructuring Group and member of the Executive Committee. “Ian’s deep client relationships and extensive debtor experience further expand our premier restructuring capabilities.”~~“We’re really pleased to welcome another high-profile partner to Milbank,” said Andrej Wolf, Milbank’s London Office Co-Managing Partner. “Ian’s extensive experience with high value and cross-border restructuring matters will further solidify the firm’s position as a leading adviser on the most complex restructurings globally.”~~Mr. Wallace’s recent experience on the debtor side includes representing Hertz Global Holdings Inc. and affiliates in their chapter 11 cases and restructuring negotiations across Europe, Australia and the Asia Pacific, representing South Africa’s Eskom with approximately $25 billion of domestic and international creditors, and advising Oi group, one of the world's largest integrated telecoms service providers, on its US$20 billion debt restructuring by way of a Brazilian recuperação judicial process.~~“Ian will be invaluable to our clients on both the creditor and debtor side, adding further depth to our global restructuring practice, particularly as restructuring and special situations transactions are often cross-border and are increasingly active during all economic cycles,” said Yushan Ng, Co-Head of Milbank’s Global Financial Restructuring Group.~~Adding further depth to the firm’s capabilities in Europe, Ian joins a team of eight dedicated restructuring partners in Europe advising on European and international complex restructurings.~~On his move to Milbank, Mr. Wallace commented: “Milbank’s dynamic global platform and strong growth trajectory in London made this an opportunity I could not pass up. I look forward to working closely with my new colleagues in London and the wider team internationally, and for my clients to benefit from our combined experience.”~~Mr. Wallace joins Milbank from White & Case where he served as EMEA Financial Restructuring & Insolvency section head. Before joining White & Case as a partner in 2015, Mr. Wallace trained and practiced at Freshfields Bruckhaus Deringer. He received his LLB from Nottingham Law School in 2002.

Sep 9

2 min

Milbank LLP is pleased to announce that Alex Martin has joined the London office as a partner in the Alternative Investments practice. He joins the firm along with a significant team, including Kristine Kozicki, who joins as special counsel.~~Mr. Martin has built a leading collateralized loan obligation (CLO) practice and represents a number of top-tier CLO managers, arrangers, credit funds and asset managers.~~“We’re pleased to welcome Alex to Milbank,” said Milbank Chairman Scott Edelman. “Alex’s extensive experience with CLO matters is highly compatible with our global Alternative Investments practice, and his unique focus will both complement and enhance the team’s work across all of our offices.”~~Mr. Martin’s practice also includes the establishment and operation of CLO equity funds and credit portfolio financings. He has worked with clients on a range of acquisitions and transactions, including CLO manager M&A processes, the establishment of structured credit platforms, asset-based financing structures, receivables financings, private credit portfolio financings and a variety of other fund finance transactions. Mr. Martin’s clients in the CLO space include some of the largest and most established asset managers and bank arrangers.~~“We’re pleased to have someone of Alex’s caliber join Milbank, especially at a time of significant growth for the firm in London,” said Andrej Wolf, co-managing partner of Milbank’s London office. “Last year, we welcomed a leading team of private equity lawyers from Dickson Minto and we expect to continue to add top-tier talent in London. Alex is an important senior addition to the team and is a great example of our progression on this trajectory.”~~“Alex will be a tremendous asset to our clients as we build upon and consolidate the success of our CLO practice. His arrival will both assist us in providing market-leading advice to our clients in the CLO market and help us continue to strengthen our offering in key markets across our global finance practice,” said Sean M. Solis, New York-based partner and practice group leader of the firm’s Alternative Investments practice.~~“Alex will be a tremendous addition to the team as we continue to grow our Alternative Investments practice. With his skills and track record, Alex’s arrival at Milbank further cements our dedication to providing our clients with top-quality service around the world,” said James Warbey, partner and head of the Alternative Investments practice in London.~~“Milbank offers me a great opportunity to bring my experience to a practice and firm with a global reach,” said Mr. Martin. “Milbank is deeply embedded in the structured credit and CLO markets, and I look forward to collaborating with my new colleagues on a variety of transactions within the sector.”~~Mr. Martin joins Milbank from Latham & Watkins, where he was a partner in the structured finance and securitization team. He received his LLB from Manchester University in 2007.

Aug 8

2 min