We operate a full-service banking and finance practice with extensive experience in acquisition finance, real estate finance, restructurings, refinancings, project finance, asset-based lending and general finance on a bilateral, club and syndicated basis.
The team are known for giving practical advice, having strong market knowledge, being easy to use, proactive and prepared to give a view. We resource all our deals with senior people which differentiates us from our competitors.
We are panelled with a large number of leading banks which reflects our high standing as a mid-market banking and finance practice. This includes HSBC, NatWest, Santander, Investec and Virgin Money and as the debt market has evolved, we have joined the panel of a number of alternative debt providers including Shawbrook, BOOST&Co, OakNorth, ThinCats and BREAL Zeta CF.
We also act for UK and international corporates of all sizes from high growth companies to FTSE 100 companies, institutional investors, entrepreneurs and management teams. Our strong government sector offering means that we are also one of the UK’s leading advisors to local and central government bodies.
We advise on a broad array of transactions, with a key focus on the following.
Asset finance is an area where clients need ongoing advice. We advise on HP and finance leasing, including advice on borrowing base formulae and certificates and intercreditor and debenture waiver arrangements with other lenders.
Trade, asset and receivable transactions require a specific skill set within banking and finance and we have invested a significant amount of time upskilling all our team in this area. Shaun McCabe and Graham Ball have particular expertise in this area.
"Well-known practice advising clients on a broad range of finance work, including debt finance and asset-based lending. Also acts on corporate restructurings and refinancing transactions. Often assists banks, private equity firms and borrowers with financing packages for acquisitions, real estate and project developments."
The banking and finance team capitalise on the firm’s unique independent and public healthcare offering. Our unrivalled ability to provide sector-focused transactional, property and regulatory advice, which is led by Emma Hinton, means that we win repeat work from funder and borrower clients in this sector.
Transactions in the health and care sectors represent 30% of the transactions our banking and finance team acts on and a large percentage of these are private equity transactions. We are able to access expert lawyers from around the firm to provide commercially focused and relevant advice to help protect lenders into the sector considering the landscape of changing policy and regulation.
The independent healthcare team won the Private Legal Adviser Award at the LaingBuisson Awards in November 2021 which is a testament to our commitment and expertise in this area.
Our banking and finance partner, Paul Hill, leads in this area and has strong connections and capability having advised on many of the largest and most complex national and international transactions in this sector. Coupled with the extensive experience of our energy, government, construction, public procurement and corporate teams, we offer clients a strong fully packaged service. We have an impressive workstream in this area, including advising on some of the highest profile infrastructure acquisitions in the UK market.
"Personable and always willing to provide ad-hoc advice, the team provide legal advice in an extremely commercial manner which makes them the go to firm in the area."
Real estate finance (both development and investment finance) is a large part of our practice which is headed up by Mark Lewis.
Mark and his team are dedicated solely to real estate finance so are able to offer very tailored and practical advice. Recently, we’ve been particularly active on funding transactions in the residential housing sector including for Homes England and Wise Living. Homes England are a key client, and we advise nationally on its Home Building Fund which provides development finance into the residential housebuilding sector.
We also act for a large number of retailers (including Boots, Morrisons and 99p stores), niche retailers, luxury brands, designer labels and cosmetics companies on a variety of matters including real estate, property portfolio management and property and corporate acquisitions.
The team have carved out a niche advising on hotel transactions – and as a result have very strong and up-to-date understanding of the key issues affecting funding in this sector, including banks’ approach to hotel funding (i.e. profitability focus over LTV), overseas buyers, franchise agreements and non-disturbance agreements.
"I have dealt with them for many years and have received consistently excellent service over that period. They have a real strength in depth to their Banking and Corporate teams and are extremely focused on client management with strong commercial negotiating skills."
We regularly advise on acquisitions, cash-out transactions, development capital financings, project finance and private equity transactions. We also have an impressive client base in this sector which gives us strong visibility of the local market.
We have genuine depth of experience in acting on private equity transactions for banks, private equity houses and management teams completing numerous recent high-profile deals. We work closely alongside our market-leading private equity specialists to deliver these transactions with a true understanding of the market in which our clients operate. We are well known for our commercial and pragmatic advice and our added value derived from the wealth of our deal experience. We were named Regional Legal Adviser of the Year at the 2021 European Private Equity Awards.
"They take a highly joined-up approach. You can always be sure that a conversation with one lawyer, will be passed onto all. A key point of difference is the significant partner attention that clients get."
Asset finance is an area where clients need ongoing advice. We advise on HP and finance leasing, including advice on borrowing base formulae and certificates and intercreditor and debenture waiver arrangements with other lenders.
Trade, asset and receivable transactions require a specific skill set within banking and finance and we have invested a significant amount of time upskilling all our team in this area. Shaun McCabe and Graham Ball have particular expertise in this area.
"Well-known practice advising clients on a broad range of finance work, including debt finance and asset-based lending. Also acts on corporate restructurings and refinancing transactions. Often assists banks, private equity firms and borrowers with financing packages for acquisitions, real estate and project developments."
The banking and finance team capitalise on the firm’s unique independent and public healthcare offering. Our unrivalled ability to provide sector-focused transactional, property and regulatory advice, which is led by Emma Hinton, means that we win repeat work from funder and borrower clients in this sector.
Transactions in the health and care sectors represent 30% of the transactions our banking and finance team acts on and a large percentage of these are private equity transactions. We are able to access expert lawyers from around the firm to provide commercially focused and relevant advice to help protect lenders into the sector considering the landscape of changing policy and regulation.
The independent healthcare team won the Private Legal Adviser Award at the LaingBuisson Awards in November 2021 which is a testament to our commitment and expertise in this area.
Our banking and finance partner, Paul Hill, leads in this area and has strong connections and capability having advised on many of the largest and most complex national and international transactions in this sector. Coupled with the extensive experience of our energy, government, construction, public procurement and corporate teams, we offer clients a strong fully packaged service. We have an impressive workstream in this area, including advising on some of the highest profile infrastructure acquisitions in the UK market.
"Personable and always willing to provide ad-hoc advice, the team provide legal advice in an extremely commercial manner which makes them the go to firm in the area."
Real estate finance (both development and investment finance) is a large part of our practice which is headed up by Mark Lewis.
Mark and his team are dedicated solely to real estate finance so are able to offer very tailored and practical advice. Recently, we’ve been particularly active on funding transactions in the residential housing sector including for Homes England and Wise Living. Homes England are a key client, and we advise nationally on its Home Building Fund which provides development finance into the residential housebuilding sector.
We also act for a large number of retailers (including Boots, Morrisons and 99p stores), niche retailers, luxury brands, designer labels and cosmetics companies on a variety of matters including real estate, property portfolio management and property and corporate acquisitions.
The team have carved out a niche advising on hotel transactions – and as a result have very strong and up-to-date understanding of the key issues affecting funding in this sector, including banks’ approach to hotel funding (i.e. profitability focus over LTV), overseas buyers, franchise agreements and non-disturbance agreements.
"I have dealt with them for many years and have received consistently excellent service over that period. They have a real strength in depth to their Banking and Corporate teams and are extremely focused on client management with strong commercial negotiating skills."
We regularly advise on acquisitions, cash-out transactions, development capital financings, project finance and private equity transactions. We also have an impressive client base in this sector which gives us strong visibility of the local market.
We have genuine depth of experience in acting on private equity transactions for banks, private equity houses and management teams completing numerous recent high-profile deals. We work closely alongside our market-leading private equity specialists to deliver these transactions with a true understanding of the market in which our clients operate. We are well known for our commercial and pragmatic advice and our added value derived from the wealth of our deal experience. We were named Regional Legal Adviser of the Year at the 2021 European Private Equity Awards.
"They take a highly joined-up approach. You can always be sure that a conversation with one lawyer, will be passed onto all. A key point of difference is the significant partner attention that clients get."
Advising HSBC UK Bank Plc on its funding of the acquisition of the Cecil Jones group by leading national pharmacy group, Knights Chemist.
Advised the partners of leading accountancy firm Cooper Parry on the agreement for Dutch based firm Waterland Private Equity, to invest in the business.
Advising Boost & Co on its significant funding to SML Group – an accredited land surveying firm – to support its acquisition strategy.
Advising Beechbrook Capital on its support of the investment by Owner Venture Managers in the Derbyshire-based roofing specialist business Permaroof/PermaGroup.
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"Browne Jacobson’s various practices are incredibly well integrated and client focused, and so their Banking Team can swoop in and add value when we need them. The team provide reliable, commercial advice incredibly quickly."
"They take a highly joined-up approach. You can always be sure that a conversation with one lawyer, will be passed onto all. A key point of difference is the significant partner attention that clients get."
"They are very approachable and available when required."
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.
