Over the last 12 months, the team which is made up of 14 specialist banking lawyers advised on over 300 transactions across various sectors including healthcare, private equity, financial services and tech. The deals have a combined value of £1 billion.
Browne Jacobson’s national banking & finance team have announced a 25% year on year growth in deal volumes for 2021, beating its predicted target of 20%.
Over the last 12 months, the team which is made up of 14 specialist banking lawyers advised on over 300 transactions across various sectors including healthcare, private equity, financial services and tech. The deals have a combined value of £1 billion. Some of the highlight deals include advising:
The team sits alongside the firm’s national corporate finance practice and was awarded a host of industry accolades throughout 2021 including, the coveted ‘Corporate Law Firm of the Year’ award at the Midlands Dealmakers Awards and ‘Regional Legal Adviser of the Year’ at the European Private Equity Awards.
In 2021, the banking & finance team boosted its offering in the North West with the key appointment of partner and new head of banking & finance in Manchester, Graham Ball.
Paul Ray, partner and head of the national banking & finance practice at Browne Jacobson, said: “Over the last 12 months, our team continued to demonstrate the strength in its deep-rooted sector knowledge and talent in anticipating what the UK banking & finance market may do next by advising on a host of complex diverse deals and projects across various key sectors. Particularly, we saw a real spike in activity across the healthcare and private equity sectors which made up over 50% of our entire team’s transactions.
“Although there are clear headwinds in terms of inflation, energy price increases, recruitment and supply chain challenges, there is an underlying feeling that there is a confidence in the UK business market.
“The market remained strong throughout 2021 and is likely to remain in a very healthy state in 2022. This is being driven by strong levels of liquidity, particularly because of the wide range of debt providers operating in the market including banks, alternative debt providers and debt funds. It is a trend that isn’t showing any signs of slowing down in the immediate future.”
Browne Jacobson’s national banking & finance team operates from three of the firm’s five office network including Birmingham, Manchester and Nottingham. It is ranked Tier 1 for the East Midlands in independent legal directory, Legal 500. The team acts for a number of UK and international corporates of all sizes, including high growth companies, FTSE 100 companies, institutional investors and entrepreneurs and management teams as well as some of the UK’s leading local authorities and housing associations. The team’s lawyers have extensive experience of advising on acquisition finance, property finance, restructurings, refinancing, asset-based lending and general finance.
In a judgment handed down yesterday the Supreme Court has affirmed that a so called “creditor duty” exists for directors such that in some circumstances company directors are required to act in accordance with, or to consider the interests of creditors. Those circumstances potentially arise when a company is insolvent or where there is a “probability” of an insolvency. We explore below the “trigger” for such a test to apply and its implications.
The Supreme Court has unanimously dismissed the BTI v Sequana appeal and reviewed the existence, content and engagement of the so-called ‘creditor duty’; being the point at which the interest of creditors is said to intrude upon the decision-making of directors of companies in financial distress.
There are clearly challenging macro-economic factors at play but at Browne Jacobson we continue to see good levels of transactional activity with certain sectors being particularly buoyant: healthcare, financial services, energy & infrastructure and tech.
Browne Jacobson continues to see good levels of transactional activity with certain sectors being particularly buoyant: healthcare, financial services, energy & infrastructure and tech.
Browne Jacobson’s banking & finance lawyers have advised HSBC UK Bank plc on the financed management buy-out of Derby-based bicycle supplier and distributor, Moore Large for an undisclosed sum.
Browne Jacobson has broadened its national construction and engineering offering with the appointment of construction partner Zoe Stollard into its Birmingham office.
Browne Jacobson’s banking & finance team continues to go from strength to strength. Its volumes are currently 25% ahead of last year’s & over the last 12 months the team advised on over 300 transactions across various sectors.
Browne Jacobson’s banking & finance team continues to go from strength to strength. Its volumes are currently 25% ahead of last year’s & over the last 12 months the team advised on over 300 transactions across various sectors.
Over the last 12 months, the team which is made up of 14 specialist banking lawyers advised on over 300 transactions across various sectors including healthcare, private equity, financial services and tech. The deals have a combined value of £1 billion.
Browne Jacobson has appointed Graham Ball as the new head of its banking and finance team in Manchester following a period of sustained growth for the firm’s national banking practice.
What a difference a year makes! See our transaction updates and our confident output in the Banking and Finance team.
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