David Palmer
Partner Corporate & Finance
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Overview
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Experience
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Credentials
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Insights and events
David advises on a range of securitisation and structured debt capital market transactions , including portfolio sales and forward flow transactions. David has worked with originators, arrangers and investors on a number of private and public transactions involving loan and lease receivables in jurisdictions across Europe. David's current areas of focus include automotive and consumer loan transactions.
He has co-authored a recent article A fork in the road or a dual carriageway? Brexit and Securitisation transactions - some practical perspectives
David is recognized in Chambers UK for securitisation as an associate to watch.
Representative experience
Volkswagen Financial Services on all of its securitisations of UK automotive receivables through Driver UK Multi-Compartment S.A. since 2014 (comprising 8 securitisation transactions)
Volkswagen Financial Services on the annual update of £10 bn receivables securitisation programmes through Driver UK Master C2, including the first UK auto STS securitisation
Volkswagen Financial Services on the establishment and update of its Driver UK Master C3 and its Driver UK Master C5 transactions
Leading UK banks as Joint Lead Managers in relation to the BMW UK securitisations Bavarian Sky UK 1 plc, Bavarian Sky UK 2 plc and Bavarian Sky UK 3 plc
Banco Santander and HSBC as JLMs in relation to Bumper UK 2019-1 plc, a £550m securitisation of auto-lease receivables and RV Claims originated by LeasePlan UK structured to achieve STS eligibility
Zopa on its UK consumer loan forward flow origination arrangements and MOCA 2019-1 plc, its first AAA rated consumer loan transaction.
A US hedge fund on the establishment of a warehouse facility with senior and mezzanine funding and the refinancing of existing intra-group indebtedness in respect of a UK equipment leasing company
The seller on a competitive auction process for the sale of a significant portfolio of life time mortgage loans
A US Investment Bank on a £200m forward flow in respect of a consumer loan marketplace lender
Citigroup and Piraeus Bank as Arrangers and JLMs in a €186m investment grade rated securitization of a portfolio of Greek SME/Corporate auto-lease receivables and RV claims
Mercedes-Benz Financial Services UK Limited on its first and second UK public securitisations of consumer automotive receivables through Compartments Silver Arrow UK 2017-1 and 2018-1
Citigroup as arranger and lead manager on the debut securitisation by Oodle Car Finance of a £350M portfolio of auto loans