Hogan Lovells Advises on £1.2Bn Automotive Securitisation for Volkswagen Financial Services

LONDON, 25 September 2014 - Hogan Lovells has advised Volkswagen Financial Services (VWFS) on its first public securitisation of UK automotive receivables since 2008.  The transaction, which closed on 25 September, marks the highest-volume automotive ABS transaction to be completed in Sterling, with the Class A Notes and Class B Notes totaling approximately £1.2billion.

Following advice to VWFS on a number of their German securitisations Hogan Lovells were appointed to act for them on this matter.

The Hogan Lovells team advising VWFS was led by partner Julian Craughan assisted by senior associate David Palmer and associate Sonya Saxena, with support from partner Julian Fischer and senior associate Anna Rogge in Frankfurt; and partner Jean-Michel Schmit and senior associate Ariane Mehrshahi in Luxembourg.

Commenting on the transaction, Julian Craughan said:
"This proved an extremely popular and successful transaction with investors in which we are pleased to have played a part."

Hogan Lovells has previously advised on a number of transactions in the auto loan securitisation asset class across Europe.

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