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Linklaters Business Services

Living Wage
ONE SILK STREET, LONDON, EC2Y 8HQ, ENGLAND
Tel:
Work 020 7456 2000
Fax:
Fax 020 7456 2222
DX:
10 LONDON CITY EC3
Email:
Web:
https://www.linklaters.com
Abu Dhabi, Amsterdam, Antwerp, Bangkok, Beijing, Berlin and 25 more

Julian Davies

Tel:
Work 020 7456 4440
Email:
Linklaters Business Services

Work Department

Banking, capital markets.

Position

Founder of Linklaters’ Structured Finance Group and global securitisation practice. Leads Linklaters’ Project Bond practice and is Head of Linklaters’ water sector group. Currently specialises in Structured Utility Bonds (SUBs), whole-business securitisations (WBS), infrastructure acquisition finance and Project Bonds. Transactions include acting as the lead partner on the Glas (Welsh Water), Anglian Water, Southern Water, Thames Water and Yorkshire Water SUBs, as well as being the lead finance partner on the Electricity North West, Peel Ports and Manchester Airport Group’s WBSs. Has been the lead partner on numerous completed Project Bonds, specialising in multi-source bank/bond financing of projects, including the recent M8 deferred-settlement project bond. Specialises in the capital markets financing of renewable energy (solar and wind), having led the Breeze 2; Solaris; and Andromeda renewables project securitisations. Acted on the successful acquisition financings of Gassled, TIGF and Phoenix Natural Gas. Extensive experience of monoline-wrapped transactions. Prior to 1997, was a specialist in international finance and capital markets work with 11 years’ experience, of which almost five years were spent in Hong Kong. Considerable experience in all types of securities issues, swaps and banking transactions.

Career

Assistant solicitor Linklaters 1987-94; partner 1994; head of SFG (structured finance group) 1997-09; partner structured finance group 2009 to date.

Education

Trinity Hall, Cambridge (BA Law).


London: Finance

Securitisation

Within: Leading individuals

Julian Davies - Linklaters LLP

Within: Securitisation

Linklaters LLP¬†is 'excellent ‚Äď probably the most sensible, pragmatic and commercial secured financing team on the street'. The firm is widely regarded as a leader in the whole-business securitisation market; it played a part in all of the utility WBS deals in the UK - including¬†Welsh Water, Anglian Water and Peel Ports - and continues to act in all of their WBS financings. The practice also handles large and complex transactions in other market sectors, including RMBS. It acted for a consortium of six UK financial institutions, including Barclays Bank and HSBC, in the ¬£11.8bn Ripon RMBS, which is backed by¬†mortgage loans originated by Bradford & Bingley. Adam Fogarty¬†led that deal. Julian Davies¬†acted for the British Broadcasting Corporation in the Juturna Broadcasting house CMBS securitisation.¬†Practice head Andrew Vickery¬†and partner James Harbach, who handles securitisation, structured finance, project and utility bonds and private or state-structured guaranteed debt offerings, are 'high-quality and experienced practitioners for more complex and innovative trades'. Also recommended are¬†Mark Nuttall, who focuses on the infrastructure and utilities sectors, and also leads the firm‚Äôs social finance practice; Alex Shopov, who advised Essar Oil on issuance under its¬†refined petroleum trade receivables-backed commercial paper conduit securitisation; newly promoted partner Reza Taylor, who¬†has 'excellent commercial understanding of the market and is pragmatic, solution-focused, friendly and professional'; and William Trotman.

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London: Projects, energy and natural resources

Water

Within: Leading individuals

Julian Davies - Linklaters LLP

Within: Water

The water offering at Linklaters LLP covers the full gamut of corporate and M&A, financing, regulatory and competition issues in the sector. Reza Taylor was recently promoted to partner within the finance department and is part of the team advising each of the seven securitised UK water companies on CayCo onshoring, which involves the replacement of Cayman-incorporated companies in their finance groups with English companies. Also a finance expert, Mark Nuttall recently teamed up with managing associate Elisabeth Johnson to counsel Thames Water with regards to its debut issuance into the Canadian bond market. Significant recent corporate highlights include assisting 3i Infrastructure with the sale of its stake in Anglian Water to a consortium of Dalmore Capital and GLIL Infrastructure, and the sale of Southern Water's non-household retail business to Business Stream - a subsidiary of Scottish Water. Julian Davies heads the practice while Michael Cutting leads the regulatory advice.

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