A stand-out story in a buoyant market, the financing of pools of loans and other receivables has provided banks and other financial institutions with an exceptional growth story. Liquidity and activity have increased post-pandemic as new banks, funds and asset managers enter the sector, along with increasing interest from private equity.
Known for our experience on complex and highly structured transactions, we advise institutions at all levels of the capital structure, spanning a wide range of sectors in the specialty, and wider structured, finance space. We provide strength and depth on asset-backed transactions of all kinds, including forward flow, covered loan, portfolio sale deals and warehouse and public securitisation.
Advising across these deals and asset classes requires the same core finance skills. What differentiates us from other law firms is our sector-specific expertise, whether in relation to traditional borrowing base facilities on debt purchase deals, warehouse securitisation lines, forward flow arrangements on consumer loan origination, or loan covenant packages on mortgage deals. Our sector experience includes:
- debt purchase
- non-performing loans
- mortgage-backed lending (first, second, bridging, buy-to-let, commercial, development, equity release)
- unsecured consumer credit
- credit cards
- asset finance
- payment systems
- auto finance
- debt collection
- risk retention finance
It is not only on the debt side where we have expertise. With an integrated approach, we can call upon relevant specialists from across the firm to provide advice in a coordinated manner, including regulatory matters (e.g. on the regulatory framework for securitisation) and tax (e.g on the legal framework for taxation of securitisation companies).
Our clients include major banks, non-bank financial institutions, junior lenders, private equity sponsors, asset managers, finance companies, other corporate borrowers, originators and servicers.
We also assist new entrants to the market in establishing their offering, from early stage analysis of opportunities for growth to preparation of precedent documentation.
