Crowell & Moring U.K. LLP
Led by 'industry specialist' Andrew Knight, Crowell & Moring U.K. LLP has forged a strong offering for a lender-focused client base in the ABL market since he established the firm's "greenfield" offering in 2019. Much of this success can be attributed to Knight's robust ties with a number of well-established independent ABL lenders, most notable of which is PNC Bank. As well as advice on transactional work, which includes the use of ABL for working capital purposes and to facilitate event-driven mandates including M&A, Knight also regularly advises on product development and restructuring matters. Clients also benefit from the expertise of a number of strong insolvency practitioners with deep ABL product knowledge, including Cathryn Williams and Paul Muscutt, in the event of formal processes.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- 'Andrew Knight has a comprehensive understanding of our business and has been advising us for well over a decade.'
- 'Andrew Knight is an industry specialist.'
Key clients
- PNC Financial Services UK Ltd
- PNC Bank NA
- BZ Commercial Finance DAC
- Leumi UK Group Limited
- Secure Trust Bank PLC
- FGI Worldwide, LLC
- Cubitt Trade Holdings – includes financial subsidiaries Upstream Working Capital, Pulse Cashflow Finance and Regency Trade Finance
Work highlights
- Advised PNC Business Credit on the provision of a £70m super senior term loan and revolver to Phenna Group, a portfolio company of Oakley Capital.
- Advised BZ Commercial Finance on the provision of an $AUS 97m multi-jurisdictional acquisition and working capital ABL facility to Minova and its subsidiaries in the context of their acquisition by Aurelius.
- Advised Secure Trust Bank on the provision of a £25m ABL facility to Butcher's Pet Care Limited.
Lawyers
Leading individuals
Practice head
The lawyer(s) leading their teams.
Andrew Knight