Paul Ray

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Paul Ray

Paul Ray
Partner

about Paul

Paul has been a Partner at Browne Jacobson since 2005 and is head of the Banking and Finance team; a large team of 3 partners and 8 other specialist lawyers in Birmingham, Manchester and Nottingham. Paul specialises in acquisitions, refinancing, property finance and other aspects of finance.

Paul acts for UK and international corporates of all sizes from high growth companies to FTSE 100 companies to institutional investors as well as advising entrepreneurs and management teams. The banking team advises on a range of deals including those involving substantial LMA syndicated facilities and has particular strength in advising on funding into the health, social housing and residential housing sectors.

recent experience

Advising Clydesdale Bank Plc in respect of its refinancing and the provision of development finance to the Heathcotes group in relation to its portfolio of 35 properties.
Advising Homes & Communities Agency-Investments on its ground-breaking development finance funds providing debt finance into the residential house building sector.
Acting for Business Growth Fund in respect of its equity funding (£4.5m) and RBS debt finance (£6m) to The Coaching Inn Hotel Group.
Advising Local Space Housing Association on its £250m funding to refinance existing facilities and to provide finance to fund the acquisition of 800 new homes.
Representing the sellers and management on the private equity backed buy-out of Belfield Furnishings, funded by NorthEdge Capital and Yorkshire Bank.
Advising RBS on its £8.2m facility to support the acquisition of three hotels (two Holiday Inn franchises and one Mercure franchise) by the Fico Corporation and Singha Estate (Thailand).

what our clients say....

Paul and his team have been absolutely brilliant on this! Protected me and the company in a way even I could understand! A credit to BJs

Dan Taylor, Finance Director North Midland Construction Plc

Our experience with Browne Jacobson so far has been excellent. We recruited them specifically to help us with a ground breaking agreement with a local authority to deliver 800 homes and an associated re-financing transaction for £250m involving three high street banks. They have some fantastic people with tremendous knowledge and experience.

Joel Inbakumar, Finance & Resources Director, Local Space Housing Association

what the directories say...

Client describe him as "highly intelligent, tenacious, and happy to put himself out on a limb to protect his clients' interests. He's responsive and hard-working, and helps to shape the deal rather than just give advice."

Chambers 2019

‘Outstanding’ practice head Paul Ray.

Legal 500 2018

One source appreciates his ability to 'get things over to you in a way you understand.'

Chambers 2018

Ray, who ‘provides guidance and explanations in simple terms while dealing with complex situations’, focuses on the public sector and regularly acts for the lending division of Homes England on the funding for residential housing developments.

Legal 500 2017

Paul Ray, who is ‘exceptionally helpful in complex situations’

Legal 500 2017

Sound practical and commercial advice. One source notes that he is 'extremely knowledgeable and provides good practical advice in order to solve potential problems.'

Chambers 2017

Paul Ray is a highly reputed banking lawyer advising on the full spectrum of transactions locally and nationally.

Chambers 2016

Paul Ray is recognised for banking and finance law in Birmingham.

Best Lawyers in the United Kingdom 2018

related resources

Banking & transaction: Latest industry developments

Hear from Paul Ray and Jonathan Edwards on the latest industry developments

Our banking & finance partners, Paul Ray and Jonathan Edwards, give an update on an important legal development that has been proposed in the finance sector.

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Legal updates

Corporate finance and banking transaction update - Spring / Summer 2018

Our latest transaction update details some of the key transactions we have been involved in during the last quarter, covering a wide range of corporate and banking activity.

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Banking and finance industry developments – May 2017

Continuing with our series of video updates for businesses, banks and intermediaries, hear from banking and finance expert Paul Ray and property expert Mark Lewis for developments that will impact you and your customers.

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Legal updates