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.
We explain the UK Community Renewal Fund priorities, submission and assessment of proposals and points to note for authorities.
During what has been a difficult few months, it has been encouraging to see the energy and activity amongst funders as they support businesses. We have been absolutely delighted to assist our clients during this difficult time.
How will the current extraordinary events impact the transactional market? The COVID-19 crisis has certainly created enormous challenges for the deal market.
For many corporates, cash flow has been the most difficult issue to manage in the wake of the Government restrictions around Covid-19.
COVID-19 is currently having an unprecedented impact on the global economy. The legal framework in place for lawfully declaring dividends has not been relaxed in light of the COVID-19 pandemic, so companies must take care to follow all of the usual rules when seeking to declare a dividend.
We’ve already discussed various practical implications that COVID-19 is having on M&A transactions, but if transactions are continuing to go ahead, what are some of the legal considerations to bear in mind in the current climate?
New measures have been announced today by HM Treasury and the Department for Business, Energy and Industrial Strategy, with the aim of supporting the UK’s community of next-generation technology businesses.
The effect of Covid 19 will likely impact a significant number of borrowers and lenders alike causing them to review their underlying finance arrangements to assess rights, protections and vulnerabilities.
Good news for personal insolvency practitioners, the High Court appears to have closed the door to claims by bankrupts seeking to recover pension contributions made via Income Payments Agreements.
In September 2019 Lloyd’s of London “… announced … actions designed to make [its] market a place where everyone can feel safe, valued and respected …” Read about the findings here.
National law firm Browne Jacobson has acted as legal advisers to Clydesdale Bank Plc on the management buy-out (MBO) of Wigan based company PE Systems.
Browne Jacobson has enhanced its reputation as one of the country’s leading M&A advisers according to the latest rankings data from Experian.
Browne Jacobson’s Manchester office has seen the value of deals which its corporate, banking and real estate teams have advised on exceed an aggregate of £500m in the first half of its financial year, a major milestone for the firm which has grown its transactions offering considerably over the same period.
On 31 October 2019, the UK could leave the EU without a signed withdrawal agreement. Read here for key points your business should consider.
Browne Jacobson has advised BGF and the shareholders of long-standing client TCL Group on the sale of the TCL business to idverde Group.
This article addresses the regulatory issues around Lloyd’s’ evidence of inappropriate personal behaviour (sexual discrimination / harassment, and alcohol / substance abuse).
Last month we reported that the House of Lords and House of Commons Joint Committee report on the draft Registration of Overseas Entities Bill had been published.
In this two minute video Shaun McCabe, banking and finance lawyer, talks about the evolving ABL landscape.
Banking and finance lawyer, Paul Hill, provides you with an update on infrastructure finance.
Companies should undertake a comprehensive review and audit to identify those products and legacy contracts that are LIBOR-linked and carry out an in-depth risk assessment of discontinuation. Where possible, companies should look at appointing an individual to oversee the programme.
Browne Jacobson's Nottingham office has advised the shareholders on the sale of Bridge Farm Group to Canadian cannabis producer Sundial Growers Inc for an undisclosed consideration.
National law firm Browne Jacobson has acted as legal advisers to Santander on a debt and growth capital facilities funding package as part of the management buy-out (MBO) of IDE Systems (Holdings) Ltd (IDE).
Browne Jacobson’s private equity team has advised NVM Private Equity (NVM) and the management of international marketing and communications group MSQ Partners on LDC’s investment into the company.
The UK general insurance market has for some time now been experiencing significant regulatory scrutiny, even pressure. There has been particular focus on the intermediation that procures customers' agreements with insurers, and the influence of intermediation on claims.
National law firm Browne Jacobson has advised new client OakNorth Bank on its debt finance deal with GroWell.
