United Kingdom - Scotland • Finance
Addleshaw Goddard
Leveraging a strong presence throughout Scotland and the UK, Addleshaw Goddard’s finance team is renowned for its tenacity regarding complex asset-based lending and corporate refinancings, project and acquisition finance, as well as real estate developments and investments. Alan Shanks is a veteran in the acquisition and project finance space, particularly in the energy sector, while Euan Cluness is seen as a leading authority for acquisition finance and asset-based lending. Gaenor Cassell has a diverse range of clients which spans corporates, PE funds and international and domestic banks. Director John Waller focuses heavily on real estate finance, with associate Peter Smartt also adding experience in leveraged and specialty finance.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘Very commercial, responsive and efficient’
‘Euan Cluness has become a go-to legal advisor in his area of practice. Time and time again he is exceptional in finding commercially driven solutions across financing agreements, he has a very good grip on the market and what is seen as acceptable.’
‘Addleshaw Goddard completely understand the local market and often provide clients with insights they simply wouldn’t otherwise be aware of.’
‘Euan Cluness is great at working with a client's sales team and helping to translate their requests into clear and well-thought-out legal provisions.’
‘Euan Cluness is a capable negotiator who always presents his client's position fairly.’
- ‘Peter Smartt is an extremely capable senior associate with a really good understanding of his client's documents and preferred approach to legal risk. Peter is organised, runs a transaction efficiently and clearly works hard for his clients.’
‘A strong team with a proactive approach to managing the requirements. This allows a good focus on the key issues and potential alternative solutions.’
‘Each of the staff has a strong commitment to client requirements and focus on how best to navigate through the key areas of contention. A partner-led approach to ensure the key issues are appropriately identified and prioritised.’
Key clients
- National Timber Group Topco Limited
- RBS Invoice Finance Limited
- Breal Zeta
- Bywater Properties
- Loch Bidco Limited
- Motive Bidco Limited
- Barclays Bank plc
- HSBC UK Bank plc
- Clydesdale Bank trading as Virgin Money
- The Royal Bank of Scotland plc
Work highlights
- Advised a syndicate of lenders in relation to the provision of bespoke asset based finance of £150m to one of the leading suppliers of malt to the brewing and distilling industry.
- Advised National Timber Group Topco Limited in relation to the refinance of its facilities, consisting of a mixture of a term loan B facility and super senior facilities to support its working capital requirements and to fund further strategic acquisitions.
- Acting for Bywater Properties in relation to the development of and investment in various properties throughout the UK.
Lawyers
Rising stars
Leading individuals
Euan has wide expertise in the fields of corporate lending, acquisition finance and asset-based lending. His range of experience includes a number of high profile corporate financings and asset-based lending transactions and he is recognised as one of the few sector experts in this field. He advises both banks and borrowers in relation to facility and security documentation. Euan has substantial experience in relation to acquisition finance. Euan’s analytical but commercially focused approach is highly regarded by his clients and he has established a substantial following.
Next Generation Partners
Practice head
The lawyer(s) leading their teams.
Alan Shanks