Paul Mullen

Fax +44 20 7296 2001

LanguagesEnglish

Practice groupFinance

'Paul Mullen is gaining significant traction in the alternative lending space, representing numerous debt funds in domestic and multi-jurisdictional leveraged acquisitions'
Chambers 2016

Acting for both lenders and borrowers at the top end of mid-market sponsor-backed financings, Paul has been particularly involved with the development of the direct lending market in Europe, advising lenders on unitranche and other types of direct lending products (including first loss/second loss, second lien, and PIK) as well as banks providing working capital and other facilities alongside the funds.

Paul's extensive experience and deep understanding of the market means that clients often call on him when they need advice on developing new and innovative products. As the head of our market leading direct lending practice, he has built strong relationships with a range of major global debt funds including Ares, Barings, Permira Debt Managers, CVC Credit, EQT, Five Arrows and Hayfin as well as banks and sponsors.

Education and admissions

Education

The College of Law, Guildford, 1994

LL.B. (Hons First Class), University of Glasgow, 1992

Related industries

Financial Institutions

Related practices

Banking Transactional Leveraged and Acquisition Finance

Related areas of focus

Direct Lending

Related Knowledge

FIS Horizons Alternative finance: A fresh approach

Representative experience

Ares Management on the financing of the acquisition of Wireless Logic Group by Montagu Private Equity.

EQT Credit and Lloyds Bank on the unitranche/stretched super senior financing of the acquisition of Hydro International by Agilitas.

Permira Debt Managers in connection with a unitranche facility and super senior facility for the purposes of acquiring the Capital Economics Group.

Bank of Ireland, Guggenheim Partners, HSBC, Lloyds and SMBC on the senior financing of the acquisition of SLR Consulting by Charterhouse Capital Partners.

Wyevale Garden Centres (owned by Terra Firma) on the unitranche and super senior revolving credit facilities provided by Hayfin, Barclays Bank plc and Lloyds Bank plc.

Goldman Sachs in relation to the unitranche refinancing of FNZ Group.

Tinopolis Group in relation to the debt facilities provided by BlackRock, HSBC, Pemberton and SMBC in connection with management's acquisition of Vitruvian's interests.

Barings, HSBC, RBS and Five Arrows on the acquisition of the Lark group of insurance broker companies by the Aston Scott group of insurance brokers.

Latest thinking and events

Hogan Lovells Publications

When direct lending turns distressed Lev Fin Spin

01 August 2019

Press Releases

Hogan Lovells advised Deutsche Bank on financing the acquisition of @Leisure group

26 June 2019

Media Mention

When direct lending turns distressed - in conversation with Hogan Lovells

06 March 2019

Hogan Lovells Publications

Collaboration between debt funds and banks in European mid-market leveraged financings Lev Fin Spin

29 January 2019

Hogan Lovells Events

FIS Summit Series: Europe

15 January 2019