Asset based lending and speciality finance

Our eminent asset based lending and speciality finance team sits within our wider finance practice with expertise across a broad range of assets, particularly including those within the shipping, rail, industrial and aviation sectors.
  • Profile
  • Experience
  • Key contacts

Our clients include banks, credit funds, private equity houses, independent asset-based lenders, investment funds, specialist lenders, lessors, other financial institutions and corporates.

Asset-based lending:

We advise our clients on a wide variety of bilateral and syndicated asset-based lending financings, re-financings and restructurings. Many of the transactions on which we advise have a cross-border element.

We also have extensive experience advising lenders and borrowers on structures where asset-based lending sits alongside other lending products, for example term debt provided against cash-flow. 

Speciality finance:

We provide support on warehouse structures, borrowing base facilities, forward flow arrangements, loan portfolio sales, servicing agreements, and account bank arrangements.

Our experience spans across a range of sectors including debt purchase, mortgage-backed lending, unsecured consumer credit, bridging finance, asset finance and auto loans. 

“They have an excellent culture which means they are not only very knowledgeable and effective but they listen carefully and draw out all appropriate information from clients.”

The Legal 500 UK 2022

 

  • Speciality finance
  • Asset-based lending

Zenobe Energy Limited

Advising Zenobe Energy, one of the UK’s largest independent owners and operators of battery storage, on innovative and strategically significant funding, securing up to £20m of contracted receivables funding from NatWest to support the company’s growth plans in the Electric Vehicle sector.

Specialist lender 

Acting for a specialist purchaser of online consumer receivables in relation to an asset-backed revolving warehouse facility provided by a bank to an SPV owned by the lender to support the purchase of such receivables.

Credit fund 

Acting for a credit fund in relation to a structured secured loan note issued to the credit fund by a specialist lender to the hospitality industry.   

Credit fund 

Acting for a credit fund in relation to a borrowing base facility provided to a specialist automotive industry lender.

Specialist lender 

Acting for a specialist buy to let mortgage lender in relation to a forward flow arrangement with an asset manager.   

Specialist lender 

Acting for a specialist provider of residential and commercial bridging loans in relation to a structured warehouse facility provided by a bank to support the origination of such loans.

Asset manager

Acting for an asset manager on an undisclosed sale of a book of finance leases and hire purchase agreements to an orphan special purpose vehicle associated with a London investment fund.

Bank

Acting for a bank in relation to a plant and machinery and ID facility provided to a UK group of paper manufacturing companies.

Bank

Acting for a bank in relation to an ID and inventory facility provided to a UK toy manufacturing company in connection with a secondary MBO. 

Private equity fund

Acting for a Hong Kong based private equity fund in relation to an asset-based and cash-flow facility provided by a bank to several of the fund’s portfolio companies.

Credit fund

Acting for a credit fund in relation to an ABL facility provided to a UK window and door manufacturer.

Credit fund

Acting for a credit fund in relation to an ABL facility provided to an international property investment company. 

Bank

Advising a bank in relation to a secured sub-participation in a receivables financing facility provided by a US credit fund to a UK property developer.

Independent ABL

Acting for an independent ABL in relation to a WIP and receivables facility provided to a UK automotive accident management company.

Credit fund

Acting for a credit fund in relation to an asset-based loan provided to a UK football club.

Football club

Acting for a top-flight European football club in relation to its monetisation of certain TV rights.

 

Lawyer

Don Brown Partner

T:  +44 20 7809 2042
M:  Email Don | Vcard Office:  London

Lawyer

Lisa Marks Partner

T:  +44 20 7809 2575
M:  +44 7827 353 107 Email Lisa | Vcard Office:  London

Latest news & insights

21 Mar 2022

From News

Stephenson Harwood wins at Leasing Life Awards

Law firm Stephenson Harwood LLP has been named ‘Asset Finance Legal Provider of the Year’ for the fourth consecutive year at the Leasing Life Awards.

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