Mayer Brown Hires King & Spalding’s Patel for Private Credit (1)

Mayer Brown hired Sheel Patel, formerly at King & Spalding, as a partner and head of its private credit practice in New York, according to a statement seen by Bloomberg.

Patel will also play a role in the firm’s overall leveraged lending practice, according to the statement. He previously worked as a partner in King & Spalding’s private credit and special situations group.

“Private credit clients over the last several years have expanded the types of transactions they will finance,” Patel said in the statement. Mayer Brown’s expertise in structured finance, asset-based lending, insurance and asset management was a ...