Advising Lloyds Banking Group on the auction and sale of a number of loan portfolios.
Paul is a partner in the London finance team. He focuses on banking and restructuring transactions and using company and insolvency law procedures as a means of delivering restructuring solutions. Paul's wealth of experience in cross-border and domestic financing transactions, restructurings and work-outs means he provides clients with focused and pragmatic solutions to difficult situations. He is ranked as a leading practitioner by Chambers & Partners and recognized by Legal 500.
Paul advises stakeholders across the credit spectrum ranging from secondary market debt investors, senior and junior creditors (including banks and funds) through to corporate borrowers, management teams, private equity sponsors and insolvency practitioners. Paul's practice includes advising clients on loan portfolio transactions, distressed investing, debt restructuring, debt / equity swaps, strategic planning and advisory work, distressed M&A transactions, schemes of arrangement, pre-packaged administrations and, where required, advising on formal insolvency options and processes.
Paul advises across many different sectors with particular expertise in real estate, projects and infrastructure, retail and manufacturing.
Described as being "seriously able and on top of everything" and having "first-rate negotiation skills"
Described as having: “… ‘first-rate negotiation skills', and has successfully built up the firm’s distressed loan portfolio practice”
Advising the senior secured lenders on the restructuring of debt facilities to a global retail brand.
Advising NAMA on the auction and sale of its Northern Irish book of c.€5.4bn of real estate loans to Cerberus
Advising on the restructuring of Hampson Plc and the subsequent disposal of the Group's UK, U.S. and Indian subsidiaries.
Advising the senior steering committee on the restructuring and refinancing of the IMO Group using a scheme of arrangement and pre-packaged administration.
Advising on the restructuring, reorganisation and refinancing of McAleer & Rushe, a major property investment and development Group.
Advising GE Capital on the divestment of its European assets following the sale of its $23bn commercial real estate book to Wells Fargo and Blackstone.