Freshfields Bruckhaus Deringer LLP joins the ranking having rebuilt its structured finance and securitisation practice in recent years. 'The team's depth of knowledge and experience in securitisations involving esoteric assets and/or significant underlying operational business involvement is exceptional', notes one client. The group now advises corporates, investment banks, insurance firms, private equity funds and fintech companies on innovative and bespoke deals in all major asset classes, among them mortgages, commercial real estate, trade and lease receivables, consumer loans and SME loans. Practice head Andrew Heathcote leads a four-partner group having returned from Asia in 2021 to join experienced practitioners Flora McLean, who handles bespoke transactions with a regulatory capital or tax angle, and Mandeep Lotay, who works from both London and Amsterdam. Newly promoted Jenny McIvor, who focuses on whole-business and infrastructure deals, completes the senior team. Clients also praise the 'expertise and dedication' of the firm's strong team of associates.
Testimonials
Collated independently by Legal 500 research team.
'The Freshfields securitisation practice excels in difficult structuring work, always finding creative and relevant solutions to challenging problems.'
'Oliver Aikens is a standout counsel within the securitisation industry, providing excellent client coverage and driving transaction execution as well as brainstorming on solutions to particularly difficult problems.'
Key clients
- PayPal (Europe) S.à r.l. et Cie, S.C.A.
- Barclays Bank plc
Work highlights
- Advised PayPal on the sale of its buy now, pay later loan (BNPL) receivables in France, Germany, Italy, Spain and the UK to KKR, who will provide a €3bn replenishing commitment to purchase an estimated €40bn of receivables originated by PayPal over multiple years with leverage provided by a syndicate.
- Advised Barclays Bank plc as warehouse facility senior lender in a US$150m facility for Einride AB – an electric truck logistics company based in Sweden providing freight services to corporate customers in Sweden, Norway, the US, the UK, Germany, the Netherlands and Belgium.