Finance Team of the Year
Winners of this award will operate at the cutting edge of the finance industry. We will consider one standout example of work taken from a wide range of disciplines, including bank lending, acquisition finance, structured finance, project finance and debt capital markets.
Norton Rose Fulbright
Helping the International Committee of the Red Cross – pro bono – on its innovative development of a Humanitarian Impact Bond, a funding mechanism to encourage social investment from the private sector. The bond took two years to develop and the funds raised will be used to build and run three new rehabilitation centres in Africa.
Allen & Overy - HIGHLY COMMENDED
Advising Blackstone Tactical Opportunities Advisors and Goldman Sachs on the £10.3bn acquisition and subsequent £9.97bn securitisation of a portfolio of buy-to-let mortgage loans originated by Bradford & Bingley and Mortgage Express. This was the largest securitisation of its kind since the financial crisis of 2008.
Kirkland & Ellis
Representing Bain Capital, Cinven and their acquisition vehicles on €1.075bn bond offering to refinance a bridge facility to enable the takeover of Stada Arzneimittel. The bonds formed part of €3.175bn syndicated debt financing for the €5.4bn Stada acquisition, the largest take-private transaction in Germany.
Latham & Watkins
The firm demonstrated its strength on European debt finance work in 2017 advising the lenders on the financing of Bain Capital and Cinven’s acquisition of Stada Arzneimittel – Germany’s largest leveraged buyout – and advised Nordic Capital on the financing of Lindorff’s €7bn merger with Intrum Justitia.
Weil, Gotshal & Manges
Acting for Advent International on the financing of its first-ever UK take-private transaction. This involved the fund’s recommended cash offer for London-listed Brammer and also the financing of a reverse bolt-on acquisition of IPH Group from PAI Partners. The innovative financing required a pre-committed second lien facility and included a €1bn covenant-lite flexible debt package.
White & Case
Advising Trafigura on establishing the world’s first ‘true sale’ commodities securitisation programme. The initial $470m issue finances Trafigura’s crude oil and refined metals inventories in 12 jurisdictions globally. The structure is expected to provide a capital markets solution to the way the global commodities industry can supplement the financing provided by the banks.