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Slaughter and May

Living Wage
ONE BUNHILL ROW, LONDON, EC1Y 8YY, ENGLAND
Tel:
Work 020 7600 1200
Fax:
Fax 020 7090 5000
DX:
11 LONDON CHANCERY LANE WC2
Email:
Web:
www.slaughterandmay.com
Beijing, Brussels, Hong Kong, London

Oliver Wicker

Tel:
Work 020 7600 1200
Email:
Slaughter and May

Work Department

Financing

Position

Partner with a leading bank and borrower finance practice. He advises on a wide range of financing transactions, including structured finance, acquisition/leveraged finance, derivatives and debt capital markets matters. He also regularly acts for purchasers and sellers of loan portfolios and associated businesses.

Career

Joined Slaughter and May 2006. Partner since 2016.


London: Finance

Debt capital markets

Within: Debt capital markets

Slaughter and May¬†provides 'excellent service with very prompt responses, and the partners are definitely across the issues'. The firm is best known for¬†advising corporate issuers on equity-linked, hybrid capital and subordinated debt transactions. It has a client roster that includes many FTSE 100 companies and it recently handled a global bond liability management exercise for BHP Billiton, which included a $2.5bn debt repurchase plan.¬†The practice handles a broad range of work including regular debt issuances, such as the ‚ā¨550m offering of senior secured notes for INEOS Finance;¬†first-time issuances such as the $920m offering by corrugated packaging company DS Smith; and issuances in key industry sectors such as aviation, pharmaceuticals, and food and beverage. Its work for financial institutions and insurance companies also stands out. It handled an ¬£895m issuance for RSA Insurance Group, as well as a ¬£500m offering for Santander UK Group.¬†Matthew Tobin¬†leads the team, which brings together partners with skills across a wide range of debt, equity, loan and structured finance matters. He led the team that advised SEGRO plc on the cash tender for the buyback of sterling bonds and the subsequent issue of ¬£750m in new debt. The 'commercially astute'¬†Guy O‚ÄôKeefe, the 'technically very gifted'¬†Caroline Phillips,¬†Oliver Storey¬†and¬†Oliver Wicker¬†are 'exceptional - their ability to work to challenging timelines is second-to-none'. The 'creative and solution-driven'¬†Robert Byk¬†is also recommended.

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Derivatives and structured products

Within: Derivatives and structured products

Slaughter and May is 'always quick to respond and turnaround times are always achieved', says one client, while another remarks that 'the firm is a preferred adviser for challenging first-principles deals'. The firm's derivatives practice is  best-known for advising corporate treasury departments on a broad range of matters including the negotiation of documentation for general treasury hedging to  complex derivatives transactions and regulatory compliance issues. In support of its M&A practice, it frequently handles equity derivatives, including portfolio total return swaps. The practice also handles equity-backed collar financings, put option financings, stock borrowing arrangements and collateralised repurchase arrangements. A significant part of its practice, however, is focused on the role of derivatives in securitisations and covered bond transactions. Oliver Wicker leads the practice and much of his work has been driven by bank deleveraging in Europe. Ed Fife is 'able to provide succinct advice on all derivative products, including  complex swap repacks, no matter how they has been packaged by the arranger'. Also recommended are Guy O’Keefe; structured finance specialist Richard Jones; and Azadeh Nassiri , who acts for investment banks, investment funds and corporates.

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Securitisation

Within: Securitisation

Slaughter and May's finance team is made up of partners with a broad range of skills, including structured finance, securitisation, derivatives, banking and capital markets.The firm handles a wide range of asset classes including CMBS, RMBS, CMBS, credit cards, auto loans, trade receivables, whole-business deals, covered bonds and CLOs, advising hedge funds, originators, arrangers and investors. Guy O’Keefe acted along with Richard Jones and associate Adam Burk for Santander Consumer (UK) plc as originator, seller and servicer, and account bank Santander UK plc on a the £600m Motor 2017-1 UK public auto loan transaction. Jones and Burk are 'always on hand to provide not only sound legal advice, but also commercial context, which is invaluable when discussing complex documentation'. Also recommended are partners Ed Fife, Azadeh Nassiri , Oliver Wicker and Oliver Storey, all of whom have broad structured finance and securitisation practices.

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