We have proven experience in all areas, including the examples below: acquisition finance, development finance, project finance, regulatory advice and syndicated facilities.

Acquisition Finance

• Barclays Bank Plc on a £45 million loan to TBI Plc to acquire Belfast International Airport
• Bank of Scotland on a £19 million facility for the acquisition of a media company
• HSBC Bank Plc on its £45 million plus, financing of a reverse takeover by AIM-listed Finsbury Food Group of the Lightbody Group.  We advised HSBC on both the acquisition funding and on the AIM listing.

Development finance

• acted for the Bank of Scotland in facilities of £14 million for the acquisition and development of a business park in Bridgwater, Somerset and facilities of £14 million and £17 million, for a retail and leisure development scheme in Swansea, South Wales
• acted for the Royal Bank of Scotland plc on its fund for developing health care centres, including drafting charges over agreements for lease and sub-lease and step-in agreements.  Also acted for this funder in a £23.75 million acquisition and development facility for office accommodation
• acted for HSBC Bank Plc on a £2.5 million loan to develop an innovation and business enterprise centre
• acted for Julian Hodge Bank in providing loans of £4.4 million and £2.8 million for the purchase and development of hotels in the Midlands and West Wales and funding of £1.5 million for the development of a distribution centre in Rotherham

• acted for a private sector consortium in a PFI project valued at £25 million, involving a new hospital and community healthcare facility, and new and/or refurbished old community health clinics. Negotiated the consortium's finance package – term loan, bridging facilities, letters of credit, parent company guarantees, direct agreements and a hedging instrument
• acted for Cardiff Bay Development Corporation in a PFI project valued at £120 million, comprising the construction of a road together with urban regeneration involving commercial and residential property development.  Advised on the private sector consortium's finance arrangements.  Subsequently advising on a refinancing of the project – the first refinancing of a PFI project in Wales
• acted for the Defence Aviation Repair Agency on an £80 million PPP project to procure a new maintenance, repair and overhaul facility for aircraft at St Athan, South Wales.  Advised the Agency on the private sector's finance
• advised the National Assembly for Wales on the first housing stock transfer of council accommodation in Wales, with a project value of £90 million.  Advised the Assembly on the syndicated finance arrangements
• acted on an agency basis for the US advisors of a Japanese Bank on a US$15 million investment in a North Sea oil field.  Advised on the funding agreement and drafted the security documents

Regulatory Advice

We advise on the Consumer Credit Act and the Financial Services and Markets Act.

Consumer Credit Act advice has included producing and maintaining pro forma loan, security and hire agreements and related flow charts and guidance notes for a range of clients, including building societies, public sector organisations, housing associations and the private sector.

Financial Services and Market Act Advice has included advice on regulated mortgage contracts including producing and maintaining pro forma RMC documentation for lenders.

Syndicated Facilities

• advised Mitel Networks Corporation on syndicated multi currency facilities of US $460 million, for its US $723 million acquisition of the Inter-Tel Group
• advised a PLC workplace service provider on a £30 million increase in a syndicated lending facility totalling £150 million
• advised a listed Canadian Corporation on a syndicated multi-currency facility of $310 million