Banking and finance in Ireland

A&L Goodbody

A&L Goodbody's 'very experienced and practical' team is noted for its expertise in international transactions, corporate acquisition finance and property finance, including the financing of real estate portfolio acquisitions and development loans. The practice has also been active in loan portfolio sales, and has advised on high-profile transactions in the energy, projects and aviation sectors. Ciarán Rogers , who is known for his post-financial crisis restructuring advice, leads the practice. Peter Murray recently advised on the financing of an Irish takeover transaction; Jack Sheehy is noted for his 'very good knowledge of the market'; Adrian Burke specialises in non-performing loan portfolio sales; and Maireadh Dale has expertise in real estate and construction finance. Recently promoted partner Niamh McMahon and 'unflappable' senior associate Robbie O’Driscoll are also noted.

Practice head(s):

Ciarán Rogers; Catherine Duffy

Testimonials

Co-ordination across practice areas is excellent, as is their ability to work well with other firms, both in Ireland and outside it. The team we worked with was thoughtful, creative and had excellent communication and coordination skills.

Ciarán Rogers is excellent. Both technical and practical in equal measure, as well as on top of everything in an extremely complicated matter, which also required working with multiple law firms across multiple jurisdictions.

Jack Sheehy has very good knowledge of the market and works in a collaborative way with other Irish lawyers.

Very experienced and practical team with all the technical knowledge to guide a client through difficult areas.

Ciarán Rogers is accessible, practical, extremely commercial and can put his hand to many aspects of law – he is excellent in his field.

Senior associate Robbie O’Driscoll is unflappable, practical and commercial while building an excellent practice in his field of expertise.

Minimal points of contact but a wide spread of expertise. Hugely practical yet unafraid to give an honest opinion. Works extremely well with the business and with the in-house legal team.

The personable, hardworking team stand out for their lack of formality, approachability, commerciality, rigorous analysis, and practical approach.

Key clients

Goldman Sachs International

Ulster Bank Ireland

Battery Ventures

Dalata Hotel Group Plc

Barclays Bank

Morgan Stanley

Ares Management Corporation

Henderson Park Capital

Allied Irish Banks

Wells Fargo Bank

Cairn Homes Plc

Deutsche Bank

Starwood Capital

Work highlights

  • Advised Goldman Sachs International on the acquisition of a number of loan portfolios from KBC Bank Ireland plc and its affiliates.
  • Assisted Dalata Hotel Group plc with the negotiation of a new Irish law facility, completing the refinance of its existing facilities, with a syndicate of lenders.
  • Acted for Morgan Stanley as lead underwriter and arranger on the financing of AbbVie’s proposed acquisition of Allergan.

Arthur Cox

Arthur Cox 'combines legal expertise with strong commercial acumen'. The team has experience in domestic and cross-border financial transactions, counting major Irish and international banks and asset managers among its clients. Areas of expertise include construction and property finance, corporate acquisition finance, tax-based lending, structured finance, and loan portfolio sales. Ultan Shannon, who has significant experience in debt restructuring, leads the team jointly with Kevin Lynch. Grainne Hennessy specialises in corporate, syndicated and property finance, and firm chair Orla O’Connor has been particularly active in advising on bank asset disposals. Project finance specialist Matthew Dunn and Niamh Quinn, who has experience in domestic and cross-border acquisition finance, are also noted. The team is also supported by the firm's London office.

Practice head(s):

Ultan Shannon; Kevin Lynch

Testimonials

Arthur Cox combines legal expertise with strong commercial acumen. They are able to both help inform the commercial position of their client and also to adjust their advice in the context of the commercial position of their client, driving processes to the net legal points at play and assisting their clients in reaching well-informed commercial decisions.

Matt Dunn and associate Ruth Lillis are each experts in their fields, commercial in their approach and a pleasure to work with, and so we see them as valuable partners.

Excellent client coverage, very responsive and always find a good mix between technical advice and pragmatism.

Kathleen Garrett (London) is simply the best. If she doesn’t have the answer immediately she’ll get you it very quickly. Tireless and very personable.

Robert Cain is an excellent partner. Very smart with good response times. Knows our institution very well and tailors his responses to accommodate our idiosyncrasies.

Key clients

Bank of Ireland

Ulster Bank Ireland

Allied Irish Banks

Bank of Scotland/Lloyds Banking Group

Kennedy Wilson

Blackstone

Citibank

Goldman Sachs

Bank of America Merrill Lynch

BNP Paribas

Wells Fargo

Deutsche Bank

PGIM

Ashtead Group

Quadrant Real Estate Advisors

Total Produce

Greencore Group

Apollo Management International

Natwest Markets

Brookfield Asset Management

Alanis Capital

Work highlights

  • Acted for IRPF Fernbank, as borrower, and Irish Life Investment Managers, as limited partner, on a facility agreement with Wells Fargo Bank to fund the acquisition of residential property units in Churchtown, Co. Dublin.
  • Assisted the Bank of Ireland with the funding for the acquisition of The Powerscourt Hotel by the MHL Hotel Collection.
  • Advised Wells Fargo on the development financing provided to Hines and APG Asset Management to fund the construction of the first phase of the Cherrywood Town Centre development in south Dublin.

Maples Group

Maples Group acts for leading Irish and international banks and non-bank lenders, and regularly handles cross-border financing transactions. Other areas of expertise include large domestic real estate finance matters, covering assets in the hotel, retail, social housing, healthcare and private rented sectors; the refinancing of loan facilities; and major Irish loan sales. Thanks to the firm's strong investment funds practice, the team also has a specialism in fund financing. The highly recommended Elizabeth Bradley leads the 'excellent' team, which also includes the 'really insightful' Sarah FrancisAlma O’Sullivan, who specialises in loan sales and real estate financings involving fund structures; and senior associate Vanessa Lawlor, who has extensive experience in domestic and cross-border finance transactions. John Breslin retired.

Practice head(s):

Nicholas Butcher (Head of Finance Department)

Testimonials

The Maples banking team is well resourced and hardworking, always with an eye to deadlines. They work well with the opposing solicitors and are focused on the ultimate successful goal.

Sarah Francis has a really insightful knowledge of our business and is able to convey our requirements and negotiate transactions. Sarah is accessible, responsive and hardworking, and a pleasure to work with.

Excellent team headed by Elizabeth Bradley and supported by Vanessa Lawlor (associate). They led a banking transaction for us in a professional and practical manner.

Excellent support provided in a straightforward manner. I would highly recommend Elizabeth Bradley.

Key clients

Allied Irish Banks

Fortress Investment

Goldman Sachs International

Madison International Realty

Marathon Asset Management

Natixis

Nuritas

Real Estate Loan Management

The Governor and Company of the Bank of Ireland

Timbercreek Ireland Private Debt

Tristan Capital Partners

Ulster Bank Ireland

Urban Volt

Work highlights

  • Advising Nuritas on its financing arrangements with the European Investment Bank to fund research and development.

Mason Hayes & Curran

The 'innovative and experienced' team at Mason Hayes & Curran has expertise across the full spectrum of financial transactions, including acquisition, real estate and project finance, large loan portfolio sales, and refinancings. Clients include a range of domestic and international banks, borrowers, and private equity and institutional investors. Practice head William Carmody is noted for his experience in the financing of renewable energy and infrastructure projects, while Micheál Grace and the 'superb' Neil Campbell have been highly active in loan portfolio transactions (on the acquisition and disposal sides, respectively). Jenny Ahern specialises in advising international clients on corporate acquisition finance and Karol Fox has experience in multi-jurisdictional transactions.

Practice head(s):

William Carmody

Testimonials

The service provided has been excellent and consistent. Mason Hayes & Curran have a wide range of expertise which ensures we are only dealing with the one firm on each transaction. Their industry knowledge and relationship with other partners in the industry provides us with great comfort.

Neil Campbell and Karol Fox’s ability to lead a transaction and work to tight deadlines stands out. Communication, consistency and professionalism all stand out when dealing with both partners.

The team are excellent to work with, innovative and experienced, well connected and responsive.

Neil Campbell is dedicated, efficient, knowledgeable about the market and committed to client needs. His ability to develop and bring along junior talent on his team is noted.

Irene Nic Chárthaigh (associate) is a very promising and bright lawyer.

Great strength in depth, responsive, commercially astute and an understanding of what is required to get a transaction done in a timely fashion.

Neil Campbell is a superb lawyer. He understands his clients’ business, he communicates clearly and knows what is required to ensure a transaction runs smoothly.

The team is young, dynamic and very client focused.

Personable approach, get the job done and find a solution to issues.

Personable, diligent

The team holds a range of experience across a number of fields which makes advice reliable and quick to obtain.

Key clients

Allied Irish Banks

Bank of Ireland

Ulster Bank Ireland DAC/Royal Bank of Scotland

Barclays Bank Ireland PLC/Barclays Bank PLC

Permanent tsb

Irish Residential Properties REIT Plc

Greencoat Renewables PLC

Toyota Financial Services (Ireland) DAC

Norddeutsche Landesbank Girozentrale

NTR

Stepstone

Work highlights

  • Acted for Allied Irish Banks on loan facilities provided to iCare Housing Company by guarantee for the purposes of providing social housing.
  • Acted as Irish legal advisers to Permanent tsb on the due diligence for Project Glenbeigh, the sale of around 6,000 NPLs through a securitisation
  • Advised Allied Irish Banks on the financing provided to the Killala Community Wind Farm group for the construction, operation and maintenance of a wind farm in County Mayo

Matheson

Matheson has particular expertise in international finance, acting for overseas financial institutions as well as leading Irish banks. The team advises on structured finance, project finance, securitisation and loan sales, among other areas, with significant strength in aviation and transport finance. Patrick Molloy leads the team; the 'pragmaticMichael Hastings is particularly experienced in real estate finance transactions, and counts many large Irish property investors and developers among his clients; Donal O’Donovan is noted for his 'excellent knowledge of legal matters; David O’Mahony acts for a range of banks, financial institutions and corporate borrowers; and Alma Campion specialises in acquisition, property and development finance. Laura Gleeson departed for an in-house role and Peter O’Brien left for Dentons.

Practice head(s):

Patrick Molloy; Turlough Galvin; Christian Donagh

Testimonials

They know our business well and have good turnaround times.

In-depth knowledge of the local market

Michael Hastings is pragmatic and always available to explain and discuss.

The team stand out for their knowledge of the Irish market and commercial outlook when dealing with banks.

Donal O’Donovan epitomises the culture in Matheson. He is very commercial in his dealings and I find him very responsive. His knowledge of legal matters is excellent.

Key clients

Sky Aviation Leasing

International Limited (Sky Leasing)

Norwegian Air Shuttle ASA

Castlelake LP

AIB

NTMA

Barclays

HSBC

Ulster Bank

Bank of Ireland

Rabobank/ACC Group

Work highlights

  • Advised a syndicate of lenders (Bank of Ireland, Wells Fargo, Barclays Bank Ireland and AIB) on the refinancing of Hibernia REIT’s revolving credit facility.
  • Advised Muzinich on a term loan facility for the purpose of buying out the minority shareholder of The City Bin Co.
  • Acted for HSH Nordbank on the project financing of the Clogheravaddy Wind Farm, County Donegal.

McCann FitzGerald

The 'well-respected and knowledgeable' team at McCann FitzGerald counts international and domestic financial institutions, corporates and state bodies among its clients. The team is highly active in acquisition finance and real estate finance, restructurings, and loan portfolio sales, as well as corporate lending. Fergus Gillen leads the practice; Niall Powderly specialises in corporate financing and debt restructuring; Eamon de Valera has extensive experience in secured and unsecured lending; and Philip Murphy has particular expertise in multi-layered financings relating to leveraged buy-outs and acquisitions. The team also includes Tom Dane, who has been active in development finance matters.

Practice head(s):

Fergus Gillen

Testimonials

McCann FitzGerald is easy to deal with, and has a well-respected and knowledgeable team with experience right across all sectors of banking and finance. McCanns also operates as one practice, ensuring that they can provide experts from other areas.

Stuart McCarron is well respected in the industry for both his legal knowledge and commerciality. Stuart has the ability to quickly understand complex transactions and identify a way to navigate difficult issues. He is fully involved in all aspects of the transaction and available at any time to ensure deadlines are met. I would rate Stuart as one of the best banking partners currently operating in the Irish market.

I would regard McCann FitzGerald’s banking and finance practice as the best in town. A “one firm” approach is very much in evidence with the banking and finance partners skilfully harnessing the expertise in other departments to deliver a seamless and consistent service. Partners are focused on getting the deal done rather than engaging in point-scoring with the other side.

Philip Murphy is one of (if not the) best banking lawyers in town. He is technically superb, has excellent interpersonal skills and consistently demonstrates his commitment to develop long-term relationships with his clients. Niall Powderly is cut from similar cloth with a no-nonsense, let’s-get-it-done modus operandi.

This is a responsive, collegiate, and commercial practice. The legal advice and solutions offered are relevant, practical and helpful. Where advice requires cross legal disciplines, the firm displays strong and positive working relationships, to get the right advice for the client.

In the field of regulatory advisory, Josh Hogan stands out: he is balanced and measured, with an ability to question, identify and clearly highlight issues on regulatory matters as they apply to the business.

The banking and finance regulatory advice unit stand out for their collaboration. They will really take time to talk through a solution, and are also extremely calm and considered in their dealings. I never have a sense that anything would faze them.’

Josh Hogan is personable and easy to deal with. A clever, considered lawyer with a commercial and collaborative approach and a great tone.

Key clients

Activate Capital Limited

Allied Irish Banks, p.l.c.

An Post

Ardstone Residential Partners Fund ICAV

Bank of America NT&SA

Bank of Ireland

Bank Of Nova Scotia

Bank Of Scotland

Barclays Bank

Bbva Ireland Plc

BCI Finance Limited

Bibby Financial Services Limited

Broadhaven Credit Partners

Broadlake Capital Limited

Capitalflow

Caterpillar International Finance DAC

Cenergise Limited

Central Bank of Ireland

Cheyne Capital Management

Citibank

Close Brothers Limited

Cortes NP Acquisition Corporation

Dairygold Co-operative Society Limited

Deutsche Bank AG

Die Deutsche Kreditwirtschaft

Dunport Capital Management

Elm Corporate Credit DAC

Energy Broking Limited

Esprit Investments Limited

European Investment Bank

Eventbrite Inc.

Finance For You Limited

Foreign Currency Direct plc

Garrison Earlsfort Investments Limited

Global Student Accommodation Group

Goldman Sachs

Haitong Investment Ireland plc

Hayfin Capital Management LLP

HSBC Bank Plc

Hudson Advisors Ireland Limited

International Swaps & Derivatives

Association

Intesa Sanpaolo Bank Ireland p.l.c.

IPL Plastics

Irish League of Credit Unions (ILCU)

Irish Life Assurance plc

Irish Residential Properties REIT plc

JP Morgan Chase Bank

Kohlberg Kravis Roberts & Co L.P.

Lakeland Dairies

Landesbank Hessen-Thüringen (Helaba)

Legal and General Assurance Society

Limited

Link Asset Services

Lloyds Bank plc

Mediolanum Asset Management

Metzler Ireland Limited

Moran Hotel Group

National Treasury Management

NatWest Bank

NatWest Markets

NKK Finance Limited

Oaktree Capital

Ornua Co-Operative Limited

Oxendale & Co. Limited

PAFS Ireland Limited

Pepper Finance Corporation

Permanent tsb p.l.c

Permira Debt Managers Limited

Quadrant Real Estate Advisors

RELM Loan Opportunities DAC

Royal Bank Of Scotland plc

SCIO Capital LLP

Situs Asset Management (Ireland) DAC

Situs Asset Management Limited

St. Vincent’s Hospital Group

Standard Chartered Bank

Start Mortgages Limited

SunTrust Bank, N.A.

Toronto Dominion Bank

UAE Exchange UK Limited

Ulster Bank Ireland Limited

Urbeo Residential Fund ICAV

Vemada Limited

Vision Blue Holdings Limited

Wells Fargo Capital Finance

Work highlights

  • Acted for Bank of Ireland and Allied Irish Banks on the funding of a joint venture between Colony Capital and the Ronan Group to develop an office at Fibonacci Square, Dublin.
  • Advised Allied Irish Banks on its provision of a residential finance facility to an SPV with Ballymore acting as construction manager and development manager.
  • Acted for Bank of Ireland as agent and Bank of Ireland, Allied Irish Banks and Ulster Bank Ireland as lenders to Uniphar Group on the funding of Uniphar’s acquisition of ROI Healthco IOM 2.

William Fry

'Always accessible and willing to find solutions to issues', William Fry is particularly strong in property and development finance, advising a number of  international investors on high-profile projects in Ireland. The team also handles leveraged acquisition and corporate finance, regularly acting for leading domestic lenders. Other areas of expertise include fund finance and project finance. David Maughan leads the team; Elaine Hanly and Siobhan Carlin are highly active in project and real estate finance, among other areas; Padraic Kinsella specialises in corporate banking and Jason Hollis in lending to regulated financial services providers. Lyn Brennan joined the team from Milbank in New York. Rachel Stanton is now with Simmons & Simmons. Senior associate David O’Shea was a new arrival from Dillon Eustace in 2020.

Practice head(s):

David Maughan

Testimonials

There is always someone available to deal with clients’ queries.

Extremely commercial, understand the implications of a transaction and how they will impact on the client. Excellent attention to detail. Massively respected by the team on the other side of the transaction.

Always accessible and willing to find solutions to issues. I feel my company is protected when I work with William Fry – the advice is always clear and I never feel like I can’t ask questions.

Jason Hollis is one of the best partners in Dublin: extremely hardworking, commercially astute, excellent legal advice, proactive and solutions focused. I fully trust him.

Lyn Brennan, who practised for many years in New York, is well versed in cross-border transactions.

The team is very professional and always provides sound and commercially minded advice.

User-friendly, able to focus on key points.

Elaine Hanly and associate Ciarán Herlihy are well-qualified professionals, who are technically competent and commercial.

The team is excellent to deal with. Their level of market knowledge is very high, and they are proactive at finding solutions to problems and good at pushing the transaction to close.

Jason Hollis has a very professional manner and is extremely knowledgeable on the property market. He provided excellent service on two transactions which were not straightforward and I would be delighted to use his services again.

Very well-resourced team, providing excellent turnaround times and always ensuring partner availability.

Padraic Kinsella stands out for his excellent responsiveness and dedication to transactions. He has a very commercial approach in dealing with issues as they arise, will always seek to find a path through to consensus with all parties, is very proactive in keeping a transaction moving, and shows strong attention to detail.

Very proactive and knowledgable in the Irish real estate finance sphere.

The team are very knowledgable and have the capability to manage large and complex transactions seamlessly.

Key clients

The Governor and Company of the Bank of Ireland

Kennedy Wilson

Smurfit Kappa

Allied Irish Banks

Silicon Valley Bank

Ardagh Packaging Group

Ulster Bank

Barclays Bank

Deutsche Bank

The European Investment Bank

EirGrid

National Asset Management Agency

Uniphar

Hines

State Street Bank and Trust Company

The Dutch Infrastructure Fund

U & I (formerly Development Securities)

York Capital Management

MML Capital Partners

Patron Capital Advisors

Goldman Sachs Bank USA

Mitsubishi UFJ Trust and Banking Corporation

Debenhams Retail (Ireland)

BNP Paribas UK

Work highlights

  • Advised Dutch Infrastructure Fund as sponsor and Inspiredspaces Bundle 5 (Ireland) as the project company on the restructuring of the PPP Schools Bundle 5 project.
  • Acted for Barclays Bank as agent for Barclays Bank Ireland and the Governor and Company of the Bank of Ireland on the refinancing and increase of the existing facilities made available to RTE Transmission Network, a subsidiary of RTÉ.
  • Advised EirGrid and Soni on the loan facilities provided by Danske Bank to fund costs associated with the integrated single electricity market (I-SEM).

Beauchamps

Beauchamps' 'strong' practice is highly experienced in construction and property finance, with a client base of lenders and borrowers, including leading banks and housing developers. The team has advised on several large-scale office development projects in Dublin, and has also handled healthcare sector construction projects. Other areas of expertise include non-performing loan acquisitions and disposals, acquisition finance, debt restructuring and project finance. The 'exceptional' Daniel Cashman leads the practice, while Niall O’Brien has been very active in advising on the financing of social housing developments, Leonard Lavelle has expertise in renewable energy financing, and Pat Nyhan has extensive experience advising on loan sale transactions.

Practice head(s):

Daniel Cashman

Testimonials

Partners take ownership of deals and make themselves available to discuss a case at any stage.’

Daniel Cashman is solution focused, and delivers on time and accurately.’

Beauchamps have a very strong multi-disciplinary practice. They provide an exceptional service and are a highly responsive and diligent firm in our experience.

Daniel Cashman is an exceptional solicitor whose legal expertise and wider market knowledge are invaluable to our business.

Direct partner engagement across all deals, rather than oversight over more junior colleagues.

Daniel Cashman has been a trusted adviser to our business for a number of years.

Responsive, friendly and understand the important legal aspects to focus on each transaction. Able to commercially understand their clients and focus on the key commercial points. Highly capable of negotiating with any calibre of lawyer.

Patrick Nyhan is experienced, articulate and practical. He responds in a timely manner and is willing to go the extra mile to ensure his clients are fully informed. Patrick is a seasoned banking partner who knows what is important to his clients and how to get there without undue effort.

Leonard Lavelle is very responsive and courteous, and keeps the momentum going on deals.

Access to partners, who get very much involved in the transaction. Guidance and direction is clear, straightforward and made easy to understand.

We value Daniel Cashman and Leonard Lavelle’s support, guidance and direction and find that they are easily contactable, commercial, and keep things simple.

The banking and finance team is extremely stands out. It stands out as it is willing to go the extra distance in order to get transactions closed while at the same time always seeking to protect our interests. In addition, the members of the team are very personable, professional and easy to deal with.

Daniel Cashman is very experienced and this experience really shows in efficiently dealing with any issues that tend to crop up in transactions. It is very rare that an issue arises which Daniel has not come across before.

Pat Nyhan is also experienced and always puts our interests to the fore.

All members of the banking and finance team are extremely diligent and really go the extra distance in seeking to protect our interests.

Key clients

KBC Bank Ireland

BDO Development Capital Fund

ABO Wind Ireland

Respond

Kennedy Wilson

Colony Capital

CPL

Home For Life

Ulster Bank

AIB

Work highlights

  • Acting for AIB on the project finance for a number of onshore wind farm projects in Ireland.
  • Advised Respond Housing Association on a suite of banking and security documentation put in place with the Housing Finance Agency.
  • Acted for Timbercreek Ireland Private Debt on the funding of its Irish commercial real estate portfolio to facilitate the release of further working capital to fund its loan origination business in Ireland.

Byrne Wallace

'Responsive and solution-focused', the team at Byrne Wallace has a particular specialism in property and development finance, including advising approved housing bodies on the acquisition and financing of social housing projects. The practice also advises on securitisation, financing by alternative lenders such as investment funds, loan portfolio sales and debt restructuring. It is particularly active in the healthcare, life sciences, technology and renewable energy sectors. Practice head Mark Kavanagh focuses on acting for alternative lenders; Eileen Prendergast specialises in finance in the renewable energy sector; and Deirdre McBennett has extensive experience in  social housing finance.

Practice head(s):

Mark Kavanagh

Testimonials

The firm stands out for the strength and depth of knowledge within the team alongside always having senior resources available where required. Strengths include consistency of timely and accurate responses.

Deirdre McBennett is very commercial and technically very strong.

Very responsive and solution focused, willing to work quickly and to clearly define what the client needs to be successful in the transaction, fought hard for what we wanted.

Very experienced and knowledgeable with an array of expertise behind them to supplement their experience, if needed.

A very hands-on personal approach and solution driven

Eileen Prendergast is very client focused and delivers clear solutions at all times.

Key clients

Allied Irish Banks

LRC Real Estate

Exeter Property Group

Garrison Earlsfort Capital

Oaklee Housing

Pepper Finance Corporation t/a Pepper Asset Servicing

Circle Voluntary Housing Association

MML Growth Capital Partners Ireland

Nuvo Pharmaceuticals

ING Bank

Clúid Housing Association

Cullaun Capital

Twinlite

Chartered Land

Zeno Capital

Work highlights

  • Advising Circle Voluntary Housing Association on a corporate financing under a revolving credit facility from AIB to fund the acquisition of a portfolio of social housing units.
  • Advising Allied Irish Banks on the provision of a senior debt facility to a Canadian property group to finance the acquisition of an office block and car park in Dublin, and a capex facility to finance refurbishment works at a separate business park owned by the SPV.
  • Acting for Pepper Finance Corporation (Ireland) in its role as servicer and legal title holder on a residential mortgage-backed securitisation involving the sale of a pool of residential/buy-to-let loans by Permanent TSB.

Dillon Eustace

Dillon Eustace acts for domestic and international banks, alternative lenders and corporates on financing the acquisition of distressed debt portfolios, real estate finance across the hotels, healthcare and private rental sectors, and M&A finance, particularly involving Irish assets. The team is noted for its ability to handle complex, cross-border transactions and fund financing, drawing on the firm's strong investment funds practice. Practice head Conor Keaveny's expertise includes secured and unsecured finance and tax-based financings. Keith Robinson is active in the Irish loan sale market, and John-Hugh Colleran in cross-border matters. Kate Curneen moved to DLA Piper.

Practice head(s):

Mark Thorne

Testimonials

The team provides a personal and attentive level of service.

John-Hugh Colleran and associate Anna Keohane are a pleasure to deal with.  John-Hugh is clearly very knowledgeable in a broad range of financial matters and stands out for his client management skills. They are very proactive.

Keith Robinson has continually provided us with the highest level of legal service.’

‘Keith Robinson goes above and beyond to protect our interests. He provides invaluable advice on all aspects of the legal process, leveraging off their experience.’

‘Dillon Eustace have continued to be best in class’

Dillon Eustace are at the forefront of the Irish securitisation market.

Dillon Eustace take the time to get to know their clients and the structures in which they operate, in order to provide great advice that is tailored to a business’s needs. Their relationship management is excellent and the knowledge and experience within all teams is of a very high standard.

The banking and finance team at Dillon Eustace (in particular John-Hugh Colleran and Anna Keohane) sit alongside their clients in all transactions, and drive the process in the best interest of their clients. They deliver on their commitments every time. Their project management skills are exceptional.

‘Dillon Eustace provides reliable and wide-ranging expertise. Partners and staff are highly approachable and provide open and direct advice.’

‘Keith Robinson’s ownership of a transaction is particularly valued: he will provide practical and timely solutions to any difficulties encountered as transactions progress and works proactively to ensure transactions complete.’

The firm’s level of knowledge and commercial approach is excellent. The key strengths of this practice lie in their ability to negotiate and effectively communicate on key points. In addition, they are client-focused and flexible on delivery, and on hand to meet important delivery timelines. Their service levels are to a high standard and key contacts in the firm are always available.

With Dillon Eustace, you get to maintain constant contact with the partner assigned to your transaction from the outset which is very important. The firm are very professional without being too stiff. The partners are always excellent and well respected in their field, and the associates are knowledgeable and responsive.’

John-Hugh Colleran is an excellent lawyer who has a unique ability to break down complex problems, explain them to his clients in everyday language and devise appropriate solutions. John-Hugh is extremely responsive, an excellent negotiator, and has an excellent attention to detail.

John-Hugh Colleran provides a professional, high-quality service. His attention to detail, responsiveness and communication skills are highly valued. In addition, his practical and commercial approach, knowledge and negotiation skills are key to resolving matters and progressing transactions.

Conor Keaveny and his team are constantly available, flexible and patient, consistent and accurate in the quality of their technical advice, creative, good value for money, and really personable and friendly.

Since we began working with Dillon Eustace we have been struck by their commercial approach to matters and understanding of what the client’s value drivers are. This comes through in the advice received, which is both practical and informative. They are able to come up with innovative solutions which ensure that value is maximised for the client.

Dillon Eustace know that you are there because you want them to provide you with a service and not an education. Their interaction with you is business-like without being overly formal and this approach ensures that information is passed efficiently.

Keith Robinson provides practical advice and also is very engaging on general matters on which informal advice is required.

The Dillion Eustace banking team are well connected to all the local and international banks and have been involved in a number of complex transactions so are good at evaluating difficult and multi-faceted investment transactions.

Keith Robinson always acts with a high degree of competence and professionalism. I would be happy to recommended him to any party looking for representation in the Irish market.

I have always found Dillion Eustace to be very smart, commercial and responsive in their dealings. They have a very good grasp of the applicable rules and regulations as well as the local market and its practices.

Key clients

Goldman Sachs

Fairfield Real Estate Finance

Allied Irish Banks

NAMA

Gazprombank

Yew Grove REIT

Ulster Bank Ireland DAC

Deutsche Bank AG

Investec Bank

Carval

Work highlights

  • Acting for Pimco on the securitisation of a portfolio of loans owned by Permanent TSB
  • Advising Deutsche Bank AG London Branch on the financing for the management buyout of Seniors Money Ireland

Eugene F. Collins

Eugene F. Collins is noted for its strength in real estate finance, and has been highly active advising on projects in the residential and social housing, student accommodation, and hotels and leisure sectors. Other areas of expertise include corporate finance, derivatives, loan sales and purchases, and debt restructuring, and the team has seen an increasing amount of project finance work in the renewable energy sector. Practice head Libby Garvey has extensive experience advising on loan sale transactions and lending to alternative investment funds.

Testimonials

Libby Garvey is the key person for our firm’s transactions. She is supported by a strong team, including standout associate Sarah Breen, who has shown the capability to lead transactions successfully.

Key clients

Bank of Ireland

Allied Irish Banks

National Asset Management Agency

KBC Bank Ireland

Finance Ireland Credit Solutions Designated Activity Company

Westmont Hospitality Group

Applegreen and Petrogas Group

Kepak Group

Ardan Advisory/Mercantile Group

Tifco Group

O’Callaghan Hotels Group

Magnet Group

Prim Ed Publishing

Karshan Group

Danske Bank

Home Building Finance Ireland

Work highlights

  • Advised Westmont Hospitality Group on the acquisition of the Hilton Dublin Airport Hotel.
  • Advised Cannon Kirk on obtaining senior finance for the construction of two developments in Dundalk and Malahide.
  • Acted for Karshan Group on a major refinancing by way of entry into a multi-currency term facilities agreement connected with the disposal of a 49% interest in the Karshan Group to two strategic minority investors.

Eversheds Sutherland

Eversheds Sutherland counts leading Irish banks, international financial institutions, alternative lenders and property developers among its clients. The team has been active in large-scale real estate finance, project finance, loan sales and restructurings, and corporate finance, and has handled a number of transactions in the aviation sector. The team also draws on the firm's international network to act on cross-border matters. Practice head Piaras Power has an 'amazing reputation' in the market; Darragh Blake has strong property and project finance experience; and Steve Rodgers has been active in loan portfolio transactions.

Practice head(s):

Piaras Power

Key clients

Activate Capital

Allied Irish Banks

Cardinal Capital Group UC

Cairn Homes plc

Close Brothers Commercial Finance

Deutsche Bank

Finance Ireland

Hibernia REIT

HSBC

RELM

Ronan Group Real Estate

The Governor and Company of the Bank of Ireland

Ulster Bank Ireland DAC

Unicredit

Work highlights

  • Advised Hibernia REIT on the refinancing of its existing revolving credit facilities with a new banking syndicate of Bank of Ireland, Allied Irish Banks and Wells Fargo.
  • Assisting Allied Irish Banks with the provision of long-term portfolio funding to Túath Housing Association for the acquisition of properties throughout Ireland.
  • Acting for Finance Ireland on its first commercial mortgage-backed securitisation.

Walkers

Walkers is noted for its strength in large, cross-border financing transactions, drawing on its global network of offices. The team acts predominantly for lenders, including leading Irish banks and major global financial institutions, but also acts for funds and property developers on the borrower side. The practice is also very active in distressed debt and loan sales, domestic MBO and M&A financings, fund finance, and real estate finance. Garry Ferguson heads the team; Andrew Traynor has particular expertise in cross-border fund financing, structured credit and commercial lending transactions; and Ian McNamee is noted for his 'strong grasp of commercial considerations'. The team was strengthened by the arrival of Ronan McNabb, who joined as of counsel from Maples Group.

Practice head(s):

Garry Ferguson

Testimonials

Walkers display a great depth of knowledge. They have a very strong grasp of commercial considerations in addition to technical legal matters. Their advice is clear, concise and comprehensive. We take great comfort in being represented by the Walkers team. Client service is exceptional with quick response times and an ability to prioritise urgent matters.

Andrew Traynor, Ian McNamee, Noeleen Ruddy, associate Charlotte Chestnutt and of counsel Ailís Garvey are all excellent: very approachable, responsive and knowledgeable. They have detailed understanding of the varying types of transactions that we are involved in and the various capacities in which we act and this makes them ideally placed to provide consistently excellent service.

In particular, Ian McNamee is very responsive and knowledgeable. Very prompt turnaround times for queries. Strong grasp of commercial considerations and a keen eye for detail and nuance.

Experienced team with good market knowledge and depth to cover multiple workstreams.

Ian McNamee is very much in tune with our needs and responsive to even the tightest timelines. Practical and commercial at all times.

Key clients

Crestline Capital

Centerbridge

Davy

Deutsche Bank AG

Fairfield Real Estate Finance

GCP Asset Back Income (UK) Limited

Golub Capital

Hilltop Fund Management LLP

Apex (formerly Link Asset Services / Link Corporate Trustees (UK) (formerly Capita))

Nomura

Macquarie Bank

Man Group plc / Man GPM Aalto

Natixis

National Asset Management Agency (Nama)

NIBC Bank Deutschland AG

Syncreon Group

Standard Chartered Bank

UniCredit Bank AG

Ulster Bank

VTB Bank

Wells Fargo Bank

Work highlights

  • Acted for the lender on the financing of the development and construction of a 52-unit residential housing development in Galway.
  • Advised the lender on the financing of the acquisition of a commercial building in Cork occupied by a semi-state body.
  • Acted for BNP Paribas Asset Management UK on launching an Irish section 110 company to establish its SME alternative financing platform.

Hayes Solicitors

Hayes Solicitors' 'extremely strong' banking team focuses on acquisition and commercial real estate finance, with particular expertise in the healthcare sector. The team also handles corporate restructuring and workouts and loan sales and acquisitions, and has been active in an increasing number of multi-jurisdictional transactions. The practice's client base includes large domestic banks, alternative lenders, corporates and SMEs, and developers. 'Excellent and pragmatic' practice head Michael Hanley is experienced in domestic and cross-border acquisition finance.

Practice head(s):

Michael Hanley

Testimonials

The banking team are extremely strong. Mick Hanley has excellent experience and the team are particularly specialised in assisting in transacting with alternative lenders.

Mick Hanley is an excellent and pragmatic lawyer with excellent interpersonal skills and technical knowledge.

The team at Hayes are highly professional and their knowledge and expertise is exceptional. They are friendly, approachable and responsive, and we feel we can trust and rely on them implicitly. The team works very well together. They are supportive and collaborative and can be counted upon in all situations.

Solicitor Catherine O’Rourke and Michael Hanley are very professional and capable and provide an excellent level of service. They consistently go above and beyond. They are approachable and helpful in all ways and have an incredible depth of knowledge in their field.

The service provided is of high quality, timely and accurate with the relevant team always available to discuss the advice provided.

Mick Hanley is well known within the industry as a reputable solicitor who provides well-structured, clearly documented advice, and, most importantly for me, he is always available to discuss and attend meetings as required. Mick has excellent associates supporting him and overall a strong team around him.

Hayes have a partner-led service with excellent support lawyers.

Michael Hanley has an astute, solution-driven approach.

Very knowledgeable deal team who communicate points clearly and concisely and provide solutions to issues. Very quick responses and proactive rather than reactive. Friendly team with a positive, can-do attitude.’

Very informed, aware of the market, positive attitude and hardworking

Very proactive, efficient and quick to revert back on any queries

Associate Tim Waghorn and Catherine Jane O’Rourke are very good at following up with the borrower’s legal team, ensuring a smooth and quick closing.

Very solution focused. Where a problem is identified a solution is always presented.

Good communication and access to partners is never an issue.

The team’s availability to deal with ad hoc queries was excellent.

The individuals really take ownership of their case – even though timelines were tight at different stages, they always managed to meet the target. The individuals took a really personal interest in the client, and stayed very close to the specifics of the transaction throughout.

Key clients

Bank of Ireland

Allied Irish Banks

Ulster Bank Ireland

Investec Bank

Global Fashion

IIU

Tigers Childcare

Platinum Gyms

IBRC (SL)

Hudson Advisors (Lone Star)

Pepper Asset Servicing

Castlehaven Property Finance

Timbercreek Ireland Private Debt

NIBC Bank

Capita Asset Services (Ireland)

St Joseph’s Irish Airports & Aviation Credit Union

Bank of Ireland Mortgage Bank

Bank of Ireland Commercial Finance

Santiago Capital

Murphy Surveys

LK Shields Solicitors

LK Shields Solicitors is active on the borrower and the lender side, with clients including the Irish pillar banks, alternative lenders and large domestic corporates. Property finance is a key area of expertise, and the team has advised on acquisition and development finance projects in the healthcare, student accommodation and infrastructure sectors. The team also advises on corporate banking transactions, particularly those involving cross-border funding arrangements. The 'first-class' Andrew Power took over as practice head in January 2019.

Practice head(s):

Andrew Power

Testimonials

Partner involvement, commerciality and accessibility in all aspects of a transaction.

Strong team that deliver excellent client support.

The team are always available to provide support at short notice. They will manage the process on behalf of the client as much as possible.

Practical, easy to deal with, knowledgeable and decisive

Andrew Power is a highly experienced and personable lawyer, exhibits strong negotiation skills and is extremely thorough.

With LK Shields you get the impression from the leadership that their priority is to do good work for their client, to treat the client fairly and to let the rewards follow.

Andrew Power is a first-class lawyer. I would call on him for any type of legal advice and know his opinion counts to me and to his contemporaries.

Associate Karla Macken is a quality solicitor who provides reliable and thorough client service.

Guided us through a minefield of legal obstacles and difficult individuals to a successful conclusion

Always accessible, knowledgeable, pragmatic, down to earth, proactive

Key clients

Bank of Ireland

AIB

Ulster Bank

ESB Pension Fund

Communicorp Group

Tedcastles Oil Products Group

Infravia Capital Partners

Allenfield Care Homes Limited

Crosslane Group – Student

Accommodation Developments

Bank of America

Beacon Private Hospital

Cignal Telecommunications Group

Gardiner Group

Clanmil Ireland Housing Association

ISS Group

Elkstone Capital Partners

Causeway Capital

October Investments (Ireland) plc

BVP Investments Limited

Work highlights

  • Acted for Infravia Capital Partners, as the borrower, on the financing by Barclays of its purchase of the Mater Private Hospital Group.
  • Advised Cignal Infrastructure on the refinancing and expansion of its existing facilities, which provided additional funding to be invested in new telecoms and broadband communication towers.
  • Acted for Communicorp Group on the refinancing of its existing facilities with Ulster Bank.

Philip Lee

Philip Lee's 'commercially minded' team counts leading domestic banks, non-bank lenders and borrowers such as property developers among its clients. The team has been highly active in property finance, particularly in the residential sector, and also has specialist expertise in media finance and project finance. Jonathan Kelly, who is highly regarded for film financing, leads the team jointly with Simon O’Neill, who has extensive experience in corporate, property and project finance.

Practice head(s):

Simon O’Neill; Jonathan Kelly

Testimonials

Exceptional turnaround times and commercially minded. Philip Lee set themselves apart through their relentless focus on a transaction until it closes.

Simon O’Neill and associate Ciara McCann show standout efficiency.

Key clients

Enercon GmBH

GreenOak UK Secured Lending

Allied Irish Banks, p.l.c.

Ulster Bank Ireland DAC

Finance Ireland Credit Solutions DAC

O’Flynn Construction

Grid Finance Impact Limited

Bank of Ireland

Vit Hit Limited

Cofiloisirs

Ingenious Media Services

Corrib Oil Group

Work highlights

  • Advising GreenOak UK Secured Lending on a series of real estate acquisition facilities to acquire a number of residential development sites in the Dublin area.
  • Advising Allied Irish Banks on a development finance facility to an SPV borrower entity in respect of a 16-unit residential development in Dublin.
  • Assisting Ulster Bank with a development finance facility to an SPV entity for a 34-unit residential development in Wicklow.

Ronan Daly Jermyn

Based across the firm's offices in Cork, Galway and Dublin, Ronan Daly Jermyn's banking team is noted for its expertise in corporate lending and real estate finance, particularly in the hospitality, construction and technology sectors. The team acts for leading Irish banks, foreign financial institutions and a number of new alternative lenders, as well as borrower-side clients. In Cork, joint practice heads Thomas Fox and Brendan Cunningham are 'among the very best advisers', and Cian Fenton, who specialises in advising new alternative lenders in the construction and hospitality sectors, was promoted to partner. Galway-based Peter McGarvey and Dublin-based Evin McCarthy specialise in property financing.

Practice head(s):

Thomas Fox; Brendan Cunningham

Testimonials

One of the standout traits of this practice is the “can-do” attitude of the team.

Aisling O’Donovan (associate) has been an exceptional representative for the firm. Her attention to detail, approach to resolving issues as and when they arise and communicating same to us has made our work easier to deal with.

David Larkin (associate) has been an excellent resource in providing detailed and appropriate solutions to some complex property and construction-related issues in our transactions to date.

Ronan Daly Jermyn act with professionalism and take the lead on ensuring each transaction is closed on time and on fee budget. Their relationship with the borrower’s solicitor and continuous communication is a key strength.

Aisling O’Donovan and Evin McCarthy’s ability to lead the transaction and key communication with the borrower’s solicitor makes them stand out as individuals.

Very competent technically and very strong on delivery

Independent-minded, work in the client’s best interests and ensure a high degree of quality in their work

The firm, while Cork based, provides a national service. One of the firm’s outstanding traits is the ability to get access to partners. One of its additional advantages is its scale as it can provide a full range of legal and taxation services.

It is evident that Ronan Daly Jermyn seeks to provide a customer-centric service across the range of legal services through its committed and professional team.’

Tom Fox and Brendan Cunningham are among the very best advisers and I would have no hesitation in recommending either to any client.

Always there to answer questions.

Key clients

Allied Irish Banks

Bank of Ireland

Ulster Bank Ireland

National Asset Management Agency

Beechbrook Capital

Profunder

Pepper Finance Corporation (Ireland)

O’Callaghan Properties

Bon Secours Health System

Castlehaven Finance

Work highlights

  • Advised iNua Hospitality Group on significant new group loan facilities arranged by Earlsfort Capital Partners.
  • Advised John Cleary Developments on its entry into a development financing facility arranged by Quadrant Real Estate Advisors relating to the development of an office complex at Penrose Dock, Cork.
  • Advised Beechbrook Capital LLP on the provision of acquisition financing and working capital facilities to the BHSL Hydro Group relating to the acquisition of two environmental management companies.

Fieldfisher

Fieldfisher made its entry into the Irish market in May 2019 through its merger with local firm McDowell Purcell. Its 'experienced, responsive and very knowledgeable' banking team focuses on secured lending, property and development finance, and project finance in the renewable energy sector, with a particular expertise in advising on the financing of wind farms. The practice is jointly led by Breen Purcell, who has extensive experience in property finance; renewable energy expert Feilim O’Caoimh; and Paddy Smyth, who has expertise in loan sales and acquisitions.

Practice head(s):

Paddy Smyth; Feilim O’Caoimh; Breen Purcell

Testimonials

Fieldfisher are experienced, responsive and, most importantly, very knowledgeable. They have demonstrated an excellent understanding of the banking and finance sector. Whilst they are protective of their clients’ interests, they have a pragmatic approach and the business acumen to offer practical advice to ensure transactions are not unduly delayed.

Breen Purcell and Paddy Smyth are excellent. They both have a thorough understanding of the banking sector and are offer practical guidance through each transaction.’

Key clients

Galetech Group

Work highlights

  • Advised Galetech Group on the project finance of Carrickallen Wind Farm, County Cavan.

Holmes O'Malley Sexton

Holmes O'Malley Sexton provides services across Ireland, with offices in Dublin, Limerick and, as of June 2019, Cork, and also has an office in London. The team is particularly active in property finance, advising on a number of high-profile development finance matters, and also advises on M&A financing and restructuring transactions. In Limerick, the 'learned and astute' Lisa Killeen, who was made up to partner in October 2019, is noted for her expertise in construction finance.

Practice head(s):

Harry Fehily; Lisa Killeen

Testimonials

Very knowledgeable and easy to communicate with

They are capable, experienced and commercial

Lisa Killeen is learned and astute – she understands the brief, especially complex matters, she takes a strong and capable stand, and she represents the client thoroughly. Clients find her extremely professional. Her communication skills are excellent and she continuously keeps us briefed. I have no hesitation in advocating Lisa to any potential client.

The things which make Holmes O’Malley Sexton unique are the speed of response and access to the partners and their commerciality – they understand what the client is trying to achieve while still advising on the legals.

The team are very well connected across the Mid-West region in Ireland and provide a very professional and personalised service. Because of their scale they are uniquely placed in the Mid-West to provide a broad and complete set of legal services.

The team are efficient, understand deadlines and provide a very professional service. The quality of service that Lisa Killeen and her team provide is top class.’

Dedicated and very experienced personnel.

Lisa Killeen is very thorough and proactive.

The availability of the lawyers to deal with queries efficiently and confidently is evident.

Lisa Killeen stands out as being extremely knowledgeable. She is approachable and when you are dealing with her she is open and communicative.

Key clients

Bank of Ireland

Ulster Bank Ireland

KBC Bank

Limerick Twenty Thirty

Link ASI Limited (formerly Capita)/ ACC Loan Management

H&MV Engineering

Work highlights

  • Advising Bank of Ireland on a restructuring transaction for a corporate borrower.
  • Advising Ulster Bank Ireland on a loan facility to a non-standard partnership to fund the acquisition of a site in Cork for a student accommodation development
  • Advising The Governor and Company of the Bank of Ireland on the restructuring of an existing facility secured on significant real estate assets