Ranajoy Basu > McDermott Will & Emery UK LLP > London, England > Lawyer Profile
McDermott Will & Emery UK LLP Offices
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22 Bishopsgate
London
EC2N 4BQ
England
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Ranajoy Basu
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Work Department
Capital Markets/Structured Finance
Position
Partner Ranajoy Basu focuses his practice on structured finance with key experience in debt capital markets transactions. He has a broad range of experience in international capital markets advising a wide range of participants, including arrangers, originators, servicers and trustees, in connection with the securitisation of a wide variety of assets in numerous jurisdictions, including emerging markets transactions.
Ranajoy has a particular focus on emerging markets transactions, and is recognised as an industry leader by both, Legal 500 and Chambers. He joins as the Head of the Firm’s India practice. He regularly advises on a broad range of capital markets and complex structured finance transactions including external foreign currency convertible bonds (FCCBs) and qualified institutional placements (QIPs) relating to India. He has advised banks on some of the largest corporate debt defaults and restructuring in India.
Ranajoy is recognised as one of the World’s leading lawyers in cross-border social impact finance structures, including social and development impact bonds, renewable energy and “green” structured finance transactions. Ranajoy has advised on some of the most innovative financial inclusion structures around the world, including the Educate Girls Social Impact Bond, which aims to improve the education of children in India, and the recent ground-breaking Utkrisht Bond, which is aimed at reducing maternal and infant mortality. Ranajoy continues to advise foundations, governments, NGOs, impact funds and financial institutions on structuring social impact finance solutions. He recently advised on the ground breaking International Finance Facility for Education, which is the largest funding mechanism targeting education programmes around the world.
Ranajoy is recognised as a pioneer in impact investment. His work has included the market leading ‘Educate Girls’ bond which was the first development impact bond of its kind. His clients have ranged from GAVI, UNICEF, World Bank, IFC, to governments, financial institutions, funds, charitable institutions, NGOs and microfinance institutions around the world. He has been involved on ground breaking work for Wattpad, Theirworld and The Global Business Coalition for Education.
View more at: https://www.mwe.com/people/ranajoy-basu/
Education
Education
King’s College London, LL.M., Banking & Finance Law
Chartered Institute for Securities & Investment, Islamic Finance
Lawyer Rankings
London > Industry focus > Emerging markets
(Leading partners)McDermott Will & Emery UK LLP has an emerging markets group that is ‘very professional and ready to offer tailored services and adapt to client needs‘. The lawyers are ‘supportive, technically flawless, and practical‘, according to one client. The multi-disciplinary practice handles capital markets, M&A, and finance transactions, and supports development projects in many sectors. Lead partner Ranajoy Basu is ‘available, approachable, responsible, and friendly, and he is able to guide negotiations in a very efficient and pleasant way.‘ He worked with Priya Taneja to assist United Nations High Commissioner for Refugees (UNHCR) with setting up a $500m sharia-compliant fund. Litigators Andrew Savage , who handles commercial and finance disputes and international arbitration, and Michael Darowski, who handles cross-border investment disputes, frequently handle contentious matters in emerging markets. Banking and finance partner Mark Fine and counsel Romilly Holland, who is ‘technically strong and a joy to deal with‘, are also highly recommended.
London > Finance > High yield
McDermott Will & Emery UK LLP has a small but active high yield practice in London, which particularly notable for its work on behalf of trustees. Head of finance Ranajoy Basu and counsel Priya Taneja are both key advisers to trustees on new bond issuance and restructurings, and clients note that they exhibit ‘high Levels of responsiveness, commerciality, and good technical knowledge‘. They count Deutsche Bank and US Bank Trustees among their clients. Basu and Taneja (who is ‘a very hard worker and very efficient‘) acted for Citibank and GLAS Trustees Limited in the $1.25bn restructuring for Nostrum Oil & Gas plc.
London > Finance > Debt capital markets
At McDermott Will & Emery UK LLP, ‘the team’s work ethic is very strong and you can be sure you’ll be getting a good work product‘. The firm joins the ranking on the strength of its work for financial institutions as trustees in major debt transactions. Practice head Ranajoy Basu, who also leads the firm’s India desk, is a key adviser on impact financings and sustainability-linked bonds. Basu and Siddhartha Sivaramakrishnan, who works in both London and Singapore, recently acted for Basileia Investment Holdings UK Limited with an English law review of a ZAR1bn MTN Programme and the first series of bonds issued under the programme. Priya Taneja also plays a key role in the practice and her knowledge of emerging markets transactions a major boon. Clients note that she ‘throws herself headfirst into her work and is able to work through problems in a way that benefits the client‘. The broader practice continues to expand, with the addition of Vladimir Maly from Morrison Foerster in July 2023, bringing extensive experience in equity-linked capital market transactions.
Lawyer Rankings
- Leading partners London > Industry focus > Emerging markets
- Debt capital markets London > Finance
- Emerging markets London > Industry focus
- High yield London > Finance
Top Tier Firm Rankings
- Real estate > Property finance
- Projects, energy and natural resources > Power (including electricity, nuclear and renewables)
Firm Rankings
- Corporate and commercial > M&A: Lower Mid-Market Deals, £100m-£750m
- Dispute resolution > Commercial litigation: mid-market
- Private client > Contentious trusts and probate
- Finance > Debt capital markets
- Industry focus > Emerging markets
- Crime, fraud and licensing > Gaming and betting
- Private client > Personal tax, trusts and probate
- Corporate and commercial > Private equity: transactions - mid-market deals (up to £250m)
- Finance > High yield
- Dispute resolution > International arbitration
- Industry focus > Life sciences and healthcare
- Risk advisory > Regulatory investigations and corporate crime (advice to corporates)
- Finance > Acquisition finance
- Finance > Corporate restructuring & insolvency
- Corporate and commercial > Corporate tax
- Finance > Bank lending: investment grade debt and syndicated loans
- Employment > Employers
- Real estate > Property finance
- Projects, energy and natural resources > Power (including electricity, nuclear and renewables)