Banking and Finance
Ashfords' Banking and Finance Team operates as part of the specialist Corporate Finance and Commercial Team on some of the most complex and innovative financing transactions in the region. We act for banks, government agencies and corporates on a variety of bilateral and syndicated lending transactions. Our expertise includes structured finance and M&A, project finance, secured lending relating to investment property and developments, trade finance and asset based lending and restructurings.
Work handled:
Banking & Finance:
- property and development finance;
- acquisition finance;
- general corporate financing and re-financing;
- commercial banking;
- asset finance and invoice discounting;
- investment funds;
- private equity;
- quasi-equity and debt structuring; and
- FSA and regulatory advice.
Dispute Resolution:
- banking litigation;
- fraud: claimant, defendant;
- lender claims; and
- private international law.
Recent work undertaken includes acting for:
- National Australia Bank on its funding of the construction and operation of the Hengrove Leisure Centre in Bristol, estimated to cost approximately £30 million;
-
Centrax Industries Limited on the refinancing of the Centrax group companies with Lloyds TSB Bank plc, comprising £50 million term loan, overdraft, revolving credit and bond facilities;
- Lloyds TSB Bank plc on the acquisition of Woodbury Park Hotel, Golf & Country Club Limited;
- South West Ventures and Finance South West in respect of their debt and equity investment into Cornish Sea Salt Company Limited;
-
Tamares Limited on various financings, including the refinancing of City property near the Bank of England and subsequent sale to OS insurance company via Jersey Unit Trust structure; the syndicated financing of large multi-tenanted London property and the acquisition of a City office building;
- a major European Bank in respect of an international banking dispute in relation to derivatives;
-
Bank of Scotland plc
on the acquisition by IQD Frequency Products Limited of the commodity products business of Rakon Europe Limited; and
- Abbey National plc on a refinancing for Southern Healthcare (Wessex) Limited involving multiple nursing homes.
“A commercial, practical, ambitious and well-managed team.”
Chambers Guide to the Legal Profession, 2010 Edition
