Asset based lending

Alastair Carruthers

Natalie Barnes

Natalie is an experienced finance lawyer specialising in acting for both borrowers and lenders on asset based lending transactions, both domestic and cross border. Natalie typically acts for financial institutions and corporates on asset finance transactions including receivables finance, plant & machinery loans, inventory loans, property loans and cashflow facilities. Recent examples of work include: acting for HSBC Bank Plc and HSBC Invoice Finance (UK) Limited in connection with a full asset based lending facility and term loan to support the management buyout of Parweld (manufacturer and wholesaler of welding equipment) and provide ongoing working capital; acting for IGF Business Credit Limited in connection with a £3.9m invoice discounting and plant & machinery package to support Thames Card Limited (developer, manufacturer and distributor of payment, gift, loyalty and commercial cards); acting for Arbuthnot Commercial Asset Based Lending Limited in connection with a £10.7m all asset finance package to support Anglian Windows (one of the UK’s leading end-to-end retailers, manufacturers and installers of home improvement products); acting for Arbuthnot Commercial Asset Based Lending Limited in connection with a flexible £8m receivables finance facility to support the refinancing of MAN Commercial Protection Limited (a national high-end security services provider). Natalie joined Shoosmiths as a partner in 2019 following six years at Irwin Mitchell and prior to that six years at Squire Patton Boggs.  

Victoria Thompson

A partner at Morgan Lewis, Victoria Thompson assists clients in a variety of finance transactions, focusing on asset-based lending, borrowing base financings, refinancings, special situations, and distressed debt funding. She has experience with general banking and finance transactions across several industries and sectors, including retail, manufacturing, aviation and mining. Victoria acts for all classes of investors including banks, nonbank financial institutions, alternative finance providers, hedge funds, asset managers, quasi-private equity funds, and investment companies. For more information, view Victoria’s bio at https://www.morganlewis.com/bios/victoriathompson.

Jon Bew

Jon is a Partner and co-heads our Financial Services Sector working with a broad team of solicitors across all divisions of the firm. Jon is an experienced finance lawyer specialising in acting for both borrowers and lenders on asset based lending transactions, both domestic and cross border. The majority of Jon’s clients are the funders, including the main high street banks that are active in asset based lending as well as a great many non-high street bank or independent funders (including Shawbrook, Arbuthnot Latham, Investec, Close Brothers and Hitchai Capital). A typical transaction would include a combination of receivables finance alongside one or more of plant and machinery, inventory, property and/or cashflow facilities. The purpose of such facilities can range from a straightforward re-finance to a family cash out, PE investment, trade sale/purchase or a more distressed situation. Recent examples of transactions include: acting for Shawbrook Bank in the $70,000,000 syndicated facility alongside Wells Fargo, providing funding to Project Piper to assist with working capital and growth plans; advised Close Brothers on the acquisition finance aspects of Trust Tech Inc's acquisition of GAP Personnel and assisted with the £20m funding facility; represented Shawbrook on an asset based lending package to Webster & Horsfall; advising Arbuthnot on a £5m asset based lending facility to Morris Angel & Son; advising ABN on a £16m receivables finance facility with Affinity Workforce; advising Arbuthnot on a £6.5m ABL facility being made available to the Fluorocarbon group. In the directories, Jon is ranked as a tier 1 “Leading Individual – Hall of Fame” finance lawyer in the West Midlands by Legal 500 - one of only three lawyers with that ranking – and is regularly ranked in tier 1. The team was also ranked tier 1 nationally in asset based lending alongside Mayer Brown.

Michael Black

Mike Davison

Partner

Alex Dell

Alex Dell is a senior asset-based lending (ABL) partner in the Banking & Finance practice of the London office. His practice is particularly focused on large, highly structured receivables financing and ABL transactions with a cross-border element. He also has an in-depth knowledge of supply chain finance, transit finance and vendor and title finance. Alex represents banks, financial institutions, sponsors and corporates, and advises on cross-border transactions for some of the world’s largest financial institutions and companies. He is widely-recognised as a leading ABL and receivables finance lawyer in the UK.

Simon Fisher

Simon is a partner in the London office. He has a wide range of experience working for banks and other financial institutions across different types of syndicated and structured transactions, focusing on large leveraged and ABL facilities for cross border acquisition financings and for general corporate purposes. He has recently been involved in a number of high profile ABL transactions and has worked on a number of significant leveraged finance deals. In addition, Simon frequently acts for financial institutions in property acquisition and development financing transactions. He also acts for both corporates and financial institutions in more general syndicated and secured lending transactions.

Dominic Griffiths

Dominic Griffiths heads Mayer Brown’s banking and finance group in London, representing financial institutions and companies across a broad spectrum of domestic and international financing transactions. His practice is particularly focused on commercial and investment bank asset-based lending and structured finance. Dominic has in-depth experience with regard to European and Trans-Atlantic cross-border secured loans and trade receivables financings. He also represents clients engaged in the structuring and execution of finance transactions in Italy. The group Dominic leads in London includes lawyers focussing on debt capital markets, derivatives, structured finance, asset based lending, asset finance, project and commodities finance, acquisition finance, restructuring, corporate and real estate finance. The team frequently works with the London office’s substantial corporate, real estate, insurance and litigation groups as well as with lawyers in the firm’s extensive network of offices across the Americas, Europe and Asia.

Andrew Knight

Partner

Paula Laird

Partner

Sarah Day

Joseph Frew