FINANCE
Capital Markets and Structured Finance
ARTHUR COX LLP
Arthur Cox LLP is a leading “all-island” firm, with offices in Dublin and Belfast. The firm also has offices in London, New York and San Francisco.
The firm’s practice encompasses all aspects of corporate and business law, providing a comprehensive service to an international client base ranging from established global leaders and multinational organisations to government agencies and statutory bodies, public and private companies, banks and financial institutions to new players in emerging industry sectors.
Awards International Firm of the Year 2021 Legal Business Awards Ireland Firm of the Year 2021 Benchmark Litigation Europe Awards Ireland Firm of the Year 2021, 2020 & 2019 Women in Business Law Awards Europe Best National Firm for Minority Women Lawyers 2021, 2020 & 2019 Women in Business Law Awards Europe Ireland Law Firm of the Year 2021 & 2020 International Financial Law Review (IFLR) Europe Awards Ireland Corporate Firm of the Year 2021 International Financial Law Review (IFLR) Europe Awards
740 EMPLOYEES
100 PARTNERS
M&A Deal of the Year 2021 (AbbVie / Allergan) International Financial Law Review (IFLR) Europe Awards
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2021 Winner Accenture’s Outside Counsel Diversity Awards Ireland Law Firm of the Year 2020 Chambers Europe Awards
LEGAL STAFF
European Corporate Team of the Year 2020 The Lawyer European Awards Structured Finance & Securitisation Deal of the Year 2020 (Stenn trade receivables securitisation) International Financial Law Review (IFLR) Europe Awards
DUBLIN BELFAST LONDON NEW YORK SAN FRANCISCO
Best Firm for Talent Management (2020); Mentoring Programme (2019 & 2018) Women in Business Law Awards Europe
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SECURITISATION AND STRUCTURED FINANCE
The unrivalled strength of the firm’s Capital Markets, Tax, Financial Regulation and Listing capabilities provides a unique platform for advising on complex transactions and makes Arthur Cox a market leader in the area of securitisation and structured finance. Our expertise
• Dilosk’s Projects ‘Merrion’ and ‘Clover’;
We are consistently at the forefront of securitisation and structured finance developments. Our expertise includes:
• Ulster Bank’s ‘Ardmore’ and ‘Dunmore’ transactions;
• Standalone bonds and debt programmes
• Mars Capital’s ‘GCS1’ and ‘GCS2’.
• Bank of Ireland’s ‘Project Snow’ transaction; and
• Sovereign debt
• Advising on the establishment of commercial and residential warehouse lending arrangements for non-bank lenders.
• RMBS / CMBS / ABS
• Advising Barclays Capital as arranger of mortgage covered securities programmes for Allied Irish Banks and Bank of Ireland and J.P. Morgan as arranger of EBS‘s mortgage covered securities programme, and numerous trades under these programmes.
• CLOs • Performing/non-performing loan portfolio sale and finance transactions • Repackaging programmes and trades • Covered bonds
• Advising on numerous European CLO transactions for collateral managers including: Apollo, AXA, Blackstone, Carlyle, Chenavari, Alcentra, CVC, GoldenTree, KKR, MacKay Shields, Man GLG, Partners Group, Permira and Sound Point.
• High yield bonds • ETC Commodities • Bonds and EMTN programmes
• Advising on the development and implementation of many leading originator/permanent warehouse structures, including originator structures for Blackstone, the cross ocean originator, Partners Group, Napier Park, Investcorp, HIG Capital and the Chenavari permanent warehouse structure.
• Regulatory capital • Fund-linked structures • Life settlement structures • Direct lending structures
• Advising the arrangers (including BAML, Citigroup and Morgan Stanley) on a number of recent CMBS transactions using Irish SPVs.
• Retention structures • Liability Management Exercises (LMEs) • Derivative and treasury products Debt listing In addition, through Arthur Cox Listing Services Limited, headed by Helen Berrill (formerly head of specialist debt listings at the Irish Stock Exchange), we are the leading listing agent by volume for listing debt securities and funds on the Irish Stock Exchange (trading as Euronext Dublin). Our track record The Group is consistently at the forefront of structuring groundbreaking and award-winning transactions. Some of the recent transactions in which the Group has been involved include: • Advising issuers, sellers, arrangers, trustees and/or investors in almost all recent Irish RMBS transactions (by banks, non-bank lenders and acquirers of loan portfolios) including: • Finance Ireland’s inaugural RMBS; • Morgan Stanley’s ‘Jepson’ and ‘Shamrock’ transactions;
• Advising on repackaging programmes for leading investment banks such as Bank of America, Barclays, BNP Paribas, Credit Agricole, Goldman Sachs (London and New York), Citibank, RBS, Morgan Stanley (London and New York), Macquarie and MUFG. • Advising buyers and sellers of Irish real estate assets and loan portfolios. • Advising on MBS transactions in the United Kingdom, France, Italy and Germany through Irish SPVs for leading banks including Citibank, Bank of America, Goldman Sachs and ABN AMRO. • Acting for the issuers of various securities secured on portfolios of Greek SME loans, NPLs and autolease receivables (both listed and unlisted). • Advising domestic and international issuers with Euronext Dublin listings on ongoing securities laws obligations, including under the Market Abuse Regulation, the Transparency Regulations, Prospectus Regulations and Listing Rules. • Advising on over 200 Russian LPN, ECP and securitisation structures since 2005.
• All Lone Star ‘ERLS’ securitisations; • PTSB’s ‘Fastnet’ and ‘Glenbeigh’ transactions;
• Advising on the establishment and use of Irish SPVs in life settlement transactions, including for Vida Capital Inc., Barings, FDO, Blackstone and Redbird Capital Partners.
• The securitisations arising from ‘Project Porto’;
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Our team CAPITAL MARKETS
Cormac Kissane Partner, Head of Finance +353 1 920 1186 cormac.kissane@arthurcox.com
Glenn Butt Partner, Finance +353 1 920 1197 glenn.butt@arthurcox.com
Aiden Small Partner, Finance +353 1 920 1072 aiden.small@arthurcox.com
Phil Cody Partner, Finance +353 1 920 1238 phil.cody@arthurcox.com
Aisling Kelly Partner, Finance +353 1 920 1255 aisling.kelly@arthurcox.com
Maedhbh Clancy Of Counsel, Finance +353 1 920 1225 maedhbh.clancy@arthurcox.com
Gavin McArdle Of Counsel, Finance +44 28 9026 2666 gavin.mcardle@arthurcox.com
Eoin Hamill Senior Associate, Finance +353 1 920 1254 eoin.hamill@arthurcox.com
Peter Murphy Senior Associate, Finance +353 1 920 2190 peter.murphy@arthurcox.com
Charles Meenan Senior Associate, Finance +353 1 920 1075 charles.meenan@arthurcox.com
Brendan Kennedy Senior Associate, Finance +353 1 920 1299 brendan.kennedy@arthurcox.com
Sinéad Cantillon Professional Support Lawyer, Finance +353 1 920 1083 sinead.cantillon@arthurcox.com
TAX
Fintan Clancy Partner, Head of Tax +353 1 920 1190 fintan.clancy@arthurcox.com
Ailish Finnerty Partner, Tax +353 1 920 1207 ailish.finnerty@arthurcox.com
David Kilty Partner, Tax +353 1 920 1036 david.kilty@arthurcox.com
LISTINGS
Helen Berrill Director, Listing Services +353 1 920 1203 helen.berrill@arthurcox.com
Dublin +353 1 920 1000 dublin@arthurcox.com
London +44 207 832 0200 london@arthurcox.com
San Francisco +1 415 829 4247 sanfrancisco@arthurcox.com
Belfast +44 28 9023 0007 belfast@arthurcox.com
New York +1 212 782 3294 newyork@arthurcox.com
Arthur Cox LLP arthurcox.com
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Orlaith Kane Partner, Tax, New York +1 212 782 3301 orlaith.kane@arthurcox.com