Firms To Watch: Banking and finance

At Simmons & Simmons, the experienced Rachel Stanton is the key name for corporate lending.

Banking and finance in Ireland

A&L Goodbody LLP

A&L Goodbody LLP has one of the largest practices in the market, complemented by established teams in Belfast, London and New York. The firm is at the forefront of large-scale corporate financings, along with real estate and development financings, and loan portfolio sales. It has continued to land big-ticket acquisition finance engagements and has represented clients in connection with the Covid-19 credit guarantee scheme. The firm has particularly strong institutional relationships to lenders in the UK, US and Germany. Ciarán Rogers is a recognised senior statesman in the market, known for his expertise in securitisation and structured finance. Peter Murray is head of the general finance team and is noted for acquisition finance, syndicated lending and bank restructurings and exits. Seamus Ó’Cróinín  is also a leader in aviation finance and loan portfolio sales. Niamh McMahon is another emerging name, particularly in real estate and development finance. Consultant Catherine Duffy also provides further senior level gravitas. Robbie O’Driscoll  and Gillian McDonald  were promoted to partner status in January 2021. Maireadh Dale  has left the firm.

Practice head(s):

Ciarán Rogers; Peter Murray

Other key lawyers:

Seamus Ó’Cróinín; Niamh McMahon; Catherine Duffy; Robbie O’Driscoll; Gillian McDonald

Testimonials

‘Practical, commercial, great to deal with.’

‘The finance practice has a lot of depth across partners and leverages other areas of the firm effectively to ensure that large transactions progress smoothly and according to timelines.’

‘Extremely commercial and practical advisers who know their market and know how to advise correctly. Safe hands, very approachable and knowledgeable.’

‘They are the most on market advisers, who know the up to date position on all matters and yet can translate complex legal advice in a simple manner that is understood and appreciated by senior management who are non-lawyers.’

‘Peter Murray: Exceptionally practical, a great legal mind, spots issues and makes sure they are dealt with as early as possible. Great to have on your side.’

‘Niamh McMahon – truly dedicated to the work, very practical and approachable, never lets you down and produces excellent work.’

‘We really value the fluent negotiation skills of Seamus Ó’Cróinín who has used them effectively to keep momentum going on complex transactions and who understands the “win/win” for both sides.’

Key clients

Jazz Pharmaceuticals plc

HSBC Continental Europe

Endo International plc

Bunq B.V.

Icon plc

National Westminster Bank plc

The Bank of Nova Scotia

Kennedy Wilson

Adient plc

The Governor and Company of the Bank of Ireland

Allied Irish Banks, p.l.c.

Wells Fargo Bank, National Association

Ulster Bank Ireland DAC

PIMCO LLC

Activate Capital Limited

Apollo Global Management Inc.

National Asset Loan Management DAC

Work highlights

  • Acted as Irish counsel to Jazz on the financing aspects of its acquisition of GW, the UK listed company , comprising $1.5bn senior secured notes, a $500m revolving credit facility and a $2.65bn Term Loan B.
  • Advised bunq B.V. on all Irish aspects of its acquisition of Capitalflow, an Irish specialist business lender, to enable Capitalflow (amongst other things) to advance €1.2bn in new lending to Irish SMEs and property investors over the next three years.
  • Advised AIB on the Covid-19 credit guarantee scheme, to assist low interest loans to eligible SMEs for up to five and a half years.

Arthur Cox

Arthur Cox has one of the leading teams in Dublin with a series of highly-rated partners. It continues to lead the market in syndicated lending, acquisition finance, loan portfolio sales and financial regulation. The firm represents many of the top domestic and international lenders, along with a growing number of financial investors and corporate borrowers. Grainne Hennessy is one of the top names in the market, particularly in real estate and development financings. Chair of the firm Orla O’Connor continues to be active in big-ticket financings and loan portfolio transactions and Ultan Shannon is a key name for acquisition finance and corporate lending. ‘Very clear thinkerKevin Lynch heads the team.

Practice head(s):

Kevin Lynch

Other key lawyers:

Grainne Hennessy; Orla O’Connor; Ultan Shannon; Niamh Quinn; David Molloy; Matthew Dunn; Ciara Buckley

Testimonials

‘Technically, but also commercially very experienced and very strong.’

‘Proactive, responsive, extremely pleasant to deal with, strategic thinkers and problem solvers. Value for money.’

‘Once you engage Arthur Cox in a transaction, you know you are getting a high calibre team. If a transaction veers off track and expertise has to be called upon from within different parts of the firm, you are always comfortable that the quality of advice is consistently high across the various departments.’

‘Kevin Lynch is the partner who we have most interaction with. While Kevin has a team beneath him he is always visible in the transaction and can step in easily when his presence is required. He is a very clear thinker and provides concise advice, no waffle. He is highly regarded in the industry and has a reputation for being pragmatic and commercial.’

Key clients

Bank of Ireland

Ulster Bank Ireland DAC

Allied Irish Banks, p.l.c.

Bank of Scotland/Lloyds Banking Group

Kennedy Wilson

Blackstone

Citibank

Goldman Sachs

Bank of America Merrill Lynch

BNP Paribas

Wells Fargo

Deutsche Bank

DWS (real estate investment arm of Deutsche Bank)

PGIM

Ashtead Group PLC

Quadrant Real Estate Advisors LLC

Applegreen plc

Total Produce plc

Greencore Group plc

Flutter Entertainment plc

Apollo Management International LLP

NatWest Markets

Brookfield Asset Management

Alanis Capital

Work highlights

  • Acted for Strategic Banking Corporation of Ireland as operator of the Covid-19 Credit Guarantee Scheme.
  • Advised Swissport on all Irish law aspects of its financial restructuring, implemented by way of a debt-for-equity swap under a scheme of arrangement and pre-packaged sale of the business out of administration.
  • Advised Flutter Entertainment, an Irish parent with numerous subsidiaries, on entering into revolving credit, TLA and notes financing structures.

Maples Group

Maples Group continues to be a frequent counsel to lenders and borrowers, with a notable upswing in pandemic-related engagements from the retail and hospitality industries. Real estate investment, development and acquisition finance grew for the firm towards the end of 2020 and into 2021, along with Covid-19 Guarantee Scheme mandates. Fund financing remains a key forte for the firm in Dublin with the firm representing a series of major fund borrowers. It has also maintained solid connections to Ireland’s pillar banks. Elizabeth Bradley is an established name in the market, frequently advising on a wide range of financing products and loan portfolio sales. Sarah Francis continues to cement her standing in new money lending, restructurings and loan portfolio transactions, while Alma O’Sullivan is another emerging talent. Vanessa Lawlor and Nichola O’Reilly were promoted to of counsel in 2021 and 2022, respectively.

Practice head(s):

Alma O’Sullivan; Elizabeth Bradley; Sarah Francis

Other key lawyers:

Vanessa Lawlor; Nichola O’Reilly

Key clients

Allied Irish Bank, plc.

The Governor and Company of the Bank of Ireland

Ulster Bank Ireland DAC

Real Estate Loan Management

Madison International Realty

Marathon Asset Management, LP

Goldman Sachs International

Urban Volt Limited

Natixis

Fortress Investment Corp LLC

Tristan Capital Partners LLP

Nuritas Limited

Lloyds Bank plc

HSBC Bank plc

Bain Capital Credit

Barclays Bank PLC

Legal & General Assurance Society

New Fortress Energy

National Westminster Bank Plc

Teamwork Holdings Limited

Santander UK plc

Mason Hayes & Curran LLP

Mason Hayes & Curran LLP has a large team of dedicated banking and finance specialists and is a central part of the firm’s strong presence in the market. It has maintained activity levels in acquisition finance, project finance, real estate finance and asset finance. It is also noted for financial institutions M&A, loan portfolio sales and regulatory matters.  William Carmody and Micheál Grace are senior members of the banking and finance community, and Neil Campbell is a prominent figure in loan portfolio sales and acquisitions. Karol Fox is ‘one to watch‘.

Practice head(s):

William Carmody

Other key lawyers:

Micheál Grace; Neil Campbell; Karol Fox

Testimonials

‘Very responsive and easily contactable on transactions which can regularly be time pressurised. Team goes the extra mile to hit deadlines. Highly skilled team with strong knowledge on the issues at hand. Willingness to give you time to discuss case matter and never seems like you are ‘on-the-clock’. Competitive fee quotes.’

‘Mostly deal with Karol Fox who is very knowledgeable. Karol is very approachable, easily contactable and always willing to help. Excellent knowledge of banking sector.

Overall – always an excellent experience dealing with MHC and Karol in particular.

‘Excellent breadth and depth of knowledge in subject area as well as across sector groups.’

‘Micheál Grace is both detail orientated and pragmatic, and able to empathise with the needs of clients in order to deliver not just what they need, but also what they want.’

‘Very commercially minded team adept at not just finding issues but solving them.’

Key clients

Allied Irish Banks, p.lc.

Bank of Ireland

Ulster Bank Ireland DAC/Royal Bank of Scotland

Barclays Bank Ireland PLC/ Barclays Bank PLC

Permanent tsb, p.l.c.

Irish Residential Properties REIT Plc

Greencoat Renewables PLC

Toyota Financial Services (Ireland) DAC

Norddeutsche Landesbank Girozentrale

NTR plc

Stepstone

Export Development Canada

Wells Fargo

HSBC Bank plc

Matheson LLP

Matheson LLP has maintained its presence in the market and is noted for its strong domestic and international banking client base. The firm’s forte continues to be cross-border financings, along with structured finance and securitisation transactions. It remains noted for acquisition financings, fund finance and loan portfolio transactions. Patrick Molloy co-heads the finance and capital markets department and is an experienced figure in a range of bank lending transactions and debt products. Donal O’Donovan  is close to a number of international lenders and is at the forefront of the burgeoning funds finance segment. Michael Hastings  is a key name in real estate finance.

Practice head(s):

Patrick Molloy; Turlough Galvin

Other key lawyers:

David O’Mahony; Donal O’Donovan; Michael Hastings; Paul Carroll

Testimonials

‘Exceptionally strong client focus, innovative and broad experience.’

‘Paddy Molloy is enormously experienced and very pragmatic and sensible. Donal O’Donovan is excellent at getting deals done in a no-nonsense manner.’

Key clients

Citibank

Allied Irish Banks

NTMA

Barclays

Danske Bank

Ulster Bank

Bank of Ireland

Rabobank

Work highlights

  • Acted for Towerbrook Capital Partners L.P. on its €100m controlling equity investment in CarTrawler.
  • Acted for Allied Irish Banks, p.l.c. in connection with the part financing of the purchase by UPMC of the Aut Even Hospital, Kilkenny.
  • Advised a syndicate of lenders in relation to a green loan to Lidl.

McCann FitzGerald LLP

McCann FitzGerald LLP has a prestigious history in the banking and finance field. It continues to offer a highly impressive team of leading senior and more junior professionals. It covers the financing product range, and this is complemented by a leading financial services regulatory team; the firm has advised a series of alternative finance providers on their entry into the Irish market. It is also at the forefront of fund finance and has achieved further growth in leveraged development finance, debt restructuring and cashflow transactions. Niall Powderly and Eamon de Valera  are two of the firm’s most senior banking and finance specialists, while Philip Murphy  is also highly rated for acquisition finance and corporate lending. Niall McDowell was promoted to partner in May 2021.

Practice head(s):

Georgina O’Riordan

Other key lawyers:

Eamon de Valera; Niall Powderly; Philip Murphy; Stuart McCarron; Tom Dane; Josh Hogan; Niall McDowell; Aidan Gleeson; Judith Lawless; Tom Ó Maolagáin; Eamon O’Cuiv

Testimonials

The team are extremely collaborative and proactive and their depth of knowledge and expertise is impressive. Their ability to assess and advise on novel issues is also impressive.

The team take a partnership approach and are great collaborators as well as being really strong advisors. They get to know you and your business and you can trust them to identify the issues that matter and negotiate for you.

‘McCanns have been our long standing legal adviser in Ireland for many years. They are extremely responsive, trusted and accurate with a particular eye for detail. In terms of billing they are fair and represent good value for money.

‘Philip Murphy sets the standard for corporate banking legal advice in the Irish market. Eamon O’Cuiv and Adrian Farrell are hugely impressive on all fronts but stand out in terms of technical expertise.’

‘Tom O’Maolagain is a trusted advisor. His responsiveness is exemplary and will always complete a task promptly with good explanation of points of law/ recommendations to assist with the optimum strategic choice at hand’

‘Eamon de Valera – Deep knowledge of the topic, astute, commercial – key bridge between commercial concept and legal agreement, experienced. Aidan Gleeson, – responsive, technical, efficient management of process,’

‘Josh Hogan, hands down best regulatory counsel in Ireland.’

‘Judith Lawless – always the brightest person in the room! Although clearly extremely intelligent, always explained complex concepts in easily understandable clear terms. Judith is an exceptional lawyer – really impressive both technically and commercially, in understanding the client’s business.’

Key clients

Activate Capital Limited

Allied Irish Banks, p.l.c.

An Post

Ardstone Residential Partners Fund ICAV

Bain Capital Credit, LP

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

Blackstone Real Estate Debt Strategies

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

Coöperatieve Rabobank U.A.

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

Fitzwilliam Loan Management Unlimited Company

Flutter Group

Foreign Currency Direct plc

Francisco Partners

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

Lioncor Developments Limited

Lloyds Bank plc

Marlet Property Group

Mediolanum International Funds Limited

Metzler Ireland Limited

MetLife Investment Management Limited

Moran Hotel Group

National Treasury Management

NatWest Group plc

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

Promontoria Servicing Ireland Ltd

Quadrant Real Estate Advisors

RELM Loan Opportunities DAC

SCIO Capital LLP

Situs Asset Management (Ireland) DAC

Situs Asset Management Limited

St. Vincent’s Hospital Group

Standard Chartered Bank

Start Mortgages Limited

Starz Mortgage Capital 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

  • Advised Marlet as borrower and developer on a landmark €270m development in Dublin 2, at College Green.
  • Advised Rabobank on the Irish law aspects of a $500m five-year committed multi-currency senior secured revolving credit facility for Total Produce plc and its co-borrowers.
  • Advised AIB in relation to its acquisition of a €4.2bn portfolio of performing commercial lending from Ulster Bank, as a result of Ulster Bank’s planned phased withdrawal from the Irish market.

William Fry

William Fry has maintained its historically strong presence in the market, achieving further growth in key areas such as funds finance, sustainable finance, tech sector financings and assisting clients with the development of new financing products. The firm has brought through a new generation of partners into the team in recent years, enabling it to remain a key player in big-ticket financings and refinancings, advising a range of domestic and international lenders, private equity investors and corporate borrowers. Siobhan Carlin is a key figure in real estate finance and funds finance, as is Jason Hollis for tech sector financings, and Lyn Brennan and Padraic Kinsella for acquisition and leveraged finance. Elaine Hanly  is now a consultant in the team, having previously been senior partner and head of the department. David O’Shea is a leading senior associate.

Practice head(s):

David Maughan

Other key lawyers:

Elaine Hanly; Siobhan Carlin; Jason Hollis; Padraic Kinsella; Lyn Brennan; Laura Houlihan; David O’Shea; Matthew Cahill

Testimonials

‘The team is exceptionally responsive in office hours and outside office hours. Very knowledgeable of our business segment and our Banking requirements. Working to deadlines and managing of third parties legals ensuring deadlines are meet.’

‘Extremely available, responsive, knowledgeable, never miss deadlines and go beyond their specific role ensuring other legals do not affect delivery.’

‘Strong capability in finance transactions – strong connections in the market and have been involved in a number of key transactions for clients.’

‘Siobhan Carlin – Highly proficient and technically strong in her field.’

‘Padraic Kinsella – notable for his ability to project manage a debt transaction from start to finish in a collaborative and affable way. He is adept at finding common ground and pragmatic solutions with all parties. Padraic is very available and very quick to respond to communication during a transaction – the process is always clear when Padraic is leading.’

‘Jason Hollis is an excellent banking lawyer. Approachable, highly responsive with strong attention to detail and good commercial knowledge. An excellent communicator and negotiator, he works very well with everyone.

‘Laura Houlihan works very hard and is solutions focused. Very responsive and provides clear advice, a pleasure to deal with.’

‘Lyn Brennan is not only a strong technical lawyer, she’s also very commercial and able to provide clear and succinct business advice to sophisticated consumers of legal services.’

Key clients

Allied Irish Banks, p.l.c.

Apollo

Bank of Ireland

Cooperative Rabobank

Deutsche Bank

European Investment Bank

Goldman Sachs

ING Bank

Investec

MML Growth Capital Partners

MUFG

OakNorth

PIMCO

Silicon Valley Bank

Société Générale

Toronto Dominion Bank

Work highlights

  • Advised Skillsoft on all Irish law matters related to its successful emergence from Chapter 11 bankruptcy protection.
  • Advised CD&R on its £2.6bn recommended cash offer for UDG Healthcare, financed through a combination of equity and debt financing.
  • Advised Ardagh on all Irish law aspects of the world’s largest green bond issuance (which included an Irish issuer, Ardagh Metal Packaging Finance plc).

Addleshaw Goddard (Ireland) LLP

Addleshaw Goddard entered the market in 2022 following its merger with Eugene F. Collins. The team has extensive domestic and cross-border experience, notably provided by department head Libby Garvey who continues to hold strong connections to London, where she previously practised. The team remains active in real estate financings, including residential, social housing and commercial sectors. It has a fine record in acquisition finance, sustainable financings and is also building its name in regulatory matters, such as in the payments services segment. Along with a solid bank client list, the firm benefits from excellent corporate relationships, including in the hotels sector. Ray Byrne  is an emerging talent, particularly in real estate financings.

Practice head(s):

Libby Garvey

Other key lawyers:

Ray Byrne; Erc Walsh; Aoife Fitzpatrick

Testimonials

‘Has adapted well to Covid-19.’

‘Libby Garvey, Ray Byrne, Erc Walsh and Aoife Fitzpatrick – have all been extremely professional, responsive and always pleasant to deal with.’

‘Libby Garvey’s team are endlessly pleasant and professional, and have a great knowledge of international transaction work as well as the domestic market. They come back to us in a timely manner, have great communications skills, and are extremely commercial. They are advising us on an extremely bespoke matter at the moment, and are exceptionally comfortable in being able to do so.’

‘Libby Garvey’s legal expertise is second to none, and her communications skills really shine. She doesn’t “overlawyer”. She clearly and simply lays out the options and makes her recommendations, meaning that we know where we are and what direction to move in. Libby never misses her own deadlines. If she says she will revert on Monday, then she will. We really enjoy working with this engaging, clever and dependable lawyer.’

Key clients

Bank of Ireland

Allied Irish Banks, plc

Finance Ireland Credit Solutions Designated Activity Company

Danske Bank A.S.

HSBC Bank plc

National Asset Management Agency

Home Building Finance Ireland

Rabobank Ireland Designated Activity Company

Cannon Kirk

Johnson & Johnson

Lloyds Bank

BNP Paribas

ACC Loan Management

O’Callaghan Hotels Group

TifCo Group

Ardan Advisory / Mercantile Group

Wealth Option Trustees Limited

Applegreen and Petrogas Group

Kepak Group

Kestrel Capital Limited

Medisec Ireland CLG

Karshan Group

Magnet Group

Prim Ed Publishing

Powerleague Group

Murdock Builders Merchant

Work highlights

  • Advised Corum, a public real estate investment fund established in France, as borrower of up to €70m revolving facilities from Allied Irish Banks for the purposes of refinancing its Irish-based commercial property portfolio.
  • Advised the lender on a development facility for Co-Operative Housing Ireland to fund the development of 30 social housing units at North King Street, Dublin.
  • Advised Murdock Builders Merchants on all aspects of its acquisition of Brooks Timber & Building Supplies Group from Premier Forest Groups, including the corporate, property and financing aspects.

Beauchamps LLP

Beauchamps LLP maintains a strong emphasis on real estate finance, including continued growth in residential property; notably social and affordable housing. The firm is making a further impression in off-balance sheet structures in the residential property space with banking and finance partner Niall O’Brien  frequently working alongside commercial property partner Fidelma McManus  on these matters. It continues to represent Ireland’s pillar banks, international lenders, a number of alternative lenders (including private equity houses), and a range of housing sector borrowers. Daniel Cashman  heads the team and is building the firm’s standing amongst asset managers and alternative lenders; he has an extensive record in acquisition finance, construction finance, project finance and secured lending.

Practice head(s):

Daniel Cashman

Other key lawyers:

Niall O’Brien; Patrick Nyhan; Fidelma McManus

Testimonials

‘Excellent service received from the banking team in Beauchamps with solid legal advices received within a very tight timescale and which contained standout knowledge of the housing sector within a charity remit.’

‘The Beauchamps team provides legal opinion and guidance that is tailored to the specific needs of the client, the commercial environment in which the client is operating, whilst understanding and providing opinion and guidance on the requirements of each of the stakeholders within any negotiation process.’

‘Advices received from Niall O’Brien in relation to various banking documents and in particular in relation to new lending schemes coming to the approved housing sector have been invaluable.’

‘The team in Beauchamps are always available and ready to assist, they are pragmatic in their approach and are always willing to discuss alternative solutions which we may not have considered.’

‘Daniel Cashman is very committed in his work. He is thorough, very responsive, commercial in his approach and overall good to work with. Daniel is one of the best lawyers we deal with.’

Key clients

AIB

Ulster Bank Ireland DAC

Colony Capital Inc

Cardinal Capital Mezzanine Fund

Home Building Finance Ireland

Stoneweg S.A

KC Capital Management

JP Morgan Asset Management

Timbercreek Asset Management

RSK

Work highlights

  • Advised the Liffey sub-fund on facilities provided by Starz Mortgage Capital to fund the acquisition of a 180 acres business park in Kildare.
  • Advised on the completion of four further equity and debt investments in Irish residential real estate schemes totalling some €60m in value.
  • Advised on senior development facilities for Greenacres 3 Limited Partnership (a Marlet entity) in connection with the development of a site in Dublin and the construction of over 250 apartments.

ByrneWallace LLP

ByrneWallace LLP has developed an impressive senior bench of banking and finance specialists, most recently hiring William Johnston as a consultant from Arthur Cox in January 2021. He has joined a team that includes a number of practitioners with in excess of 20 years and 30 years experience with several also having had stints in senior-level in-house positions. The group has a particularly strong reputation in real estate finance, including social housing finance, and represents a wide array of clients, notably a number of alternative lenders. Mark Kavanagh  remains a senior name in real estate finance, Deirdre McBennett  is a specialist in social housing finance and Paraic O’Kennedy is a key figure in sustainable finance.

Practice head(s):

Mark Kavanagh

Other key lawyers:

Deirdre McBennett; Eileen Prendergast; William Johnston; Paraic O’Kennedy; Elizabeth Ryan; Laura Fitzpatrick; Joseph Gavin; Triona Ryan

Testimonials

‘Excellent accessibility.’

‘Paraic O’Kennedy – His ability to break down a transaction from a legal perspective and provide direct advice.’

‘Triona Ryan handled a venture debt loan deal. She was very thorough and professional throughout the whole process, and especially patient with a difficult other side.’

Key clients

ING Bank, a branch of ING DiBa AG

Tuath Housing Association

Clúid Housing Association

Ocuco Group

Inflazome Limited

Ulster Bank Ireland DAC

Fexco Group

Mainstream Renewable Power

Exeter Property Group (since April 2021- EQT Exeter http://exeterpg.com/ )

Close Leasing Limited

Work highlights

  • Advised Clúid Housing Association on a €54m financing.
  • Acted as lead counsel in a facility provided by Oxford Finance to Inflazome Limited and its Australian subsidiary, Inflazome (Australia) PTY LTD and subsequently acted on the banking aspects of the acquisition of the Inflazome Group by Roche.
  • Acted for the lender on the project financing of the development of a portfolio of three onshore Irish wind farms.

Dillon Eustace

Dillon Eustace continues to be noted for financings provided by non-bank institutions, while remaining well-connected to Ireland’s pillar banks. It also frequently represents borrowers, including financial investors, The firm remains active in acquisition finance, real estate finance and distressed debt portfolio transactions. Conor Keaveny, Keith Robinson, Mark Thorne and John-Hugh Colleran have balanced banking and finance practices with extensive expertise in acquisition finance, real estate finance and fund finance, among other segments.

Practice head(s):

Mark Thorne

Other key lawyers:

Conor Keaveny; Keith Robinson; John-Hugh Colleran; Brendan Cunnane

Testimonials

‘The team has a strong blend of skills, with significant expertise in property-related lending and structures involving ICAVs.’

‘Dillon Eustace is very client focused (regularly seeking client feedback to ensure they are providing a service that meets client expectations).’

‘Extremely proactive, knowledgeable and commercial.’

‘Conor Keaveny has a strong relationship focus, John Hugh Colleran brings a very positive ‘can-do’ attitude to transactions and Keith Robinson is a very experienced practitioner.’

‘John Hugh Colleran and Brendan Cunnane – Their ability to engage with clients and opposite legal teams to bring a transaction forward.’

‘Conor Keaveny and John Hugh Colleran are extremely knowledgeable, professional and commercial. and so, so easy to deal with. They really bring our RMs along with them and invest in making sure they are comfortable with what is happening and understand all of the nuances of the deal. They are also very generous with their “added value” aspect to their panel work and have provided interesting and well attended talks.’

‘Conor Keaveny has vast industry experience. He is very approachable, nothing phases him, and able to turn his hand to every aspect of finance. John Hugh Colleran invests an impressive amount of energy in every job he gets. He has great ability to follow through and combined with his expertise and commercial approach means you know you are in very safe hands getting the deal done.’

‘Mark Thorne has continually excelled in all aspects of service delivery. Unique insights and valuable contributions to negotiations on behalf of multiple funds and fund management company personally delivered in a very easy manner.’

Work highlights

  • Acted for StepStone Global in connection with a series of borrowing transactions advising multiple Irish ICAVs and Unit Trusts and Cayman fund structures involving umbrella facilities and revolving multicurrency capital call facilities with separate international Banks
  • Advising Principal Systems group of companies in relation to the financing of their acquisition of the Brentech group of companies.
  • Acted for AIB in relation to facilitating a management buy-in by a private equity firm of the CRS Refrigeration / CRS Mobile Cold Storage group.

Eversheds Sutherland

Eversheds Sutherland brings strong domestic and cross-border expertise to the banking and finance sector, particularly in the property and development finance fields. It represents both domestic and international banks, along with a number of alternative and specialised lenders, and a series of statutory bodies involved in development finance. Piaras Power, Darragh Blake = and Steve Rodgers are all established names in acquisition finance, property finance, development finance and project finance, while Enda Newton provides additional financial regulatory expertise.

Practice head(s):

Piaras Power

Other key lawyers:

Darragh Blake; Steve Rodgers; Enda Newton

Testimonials

‘A great team who have the capacity, knowledge and experience to take on any project in terms of the scale and complexity we would require. They have commercial common sense, are hugely respected among their peers with good reason and they are very good at project managing the job to deliver within expectations in terms of time and cost.’

‘Piaras Power is the best banking lawyer we have worked with.’

Key clients

Activate Capital

Allied Irish Banks, p.l.c.

Cardinal Capital Group UC

Cairn Homes plc

Close Brothers Commercial Finance

Finance Ireland

Hibernia REIT

RELM

Ronan Group Real Estate

The Governor and Company of the Bank of Ireland

Ulster Bank Ireland DAC

UniCredit

RDJ LLP

RDJ LLP‘s banking and finance team is largely located in Cork, though it is building its presence in Dublin where it hired Brian Quinn as a partner from Arthur Cox in January 2021; financial services regulatory partner Brian Hunt had previously joined the Dublin team from Zurich insurance. Along with a small team in Galway, the firm has developed strong connections to Ireland’s pillar banks and alternative lenders, particularly in the construction, technology and hospitality sectors, and in real estate development and acquisition financing. Cork partners Brendan Cunningham and Tom Fox are hugely experienced, particularly in property and development finance, as is Cian Fenton, who now leads many of the team’s headline engagements.

Practice head(s):

Brendan Cunningham; Tom Fox

Other key lawyers:

Cian Fenton; Peter McGarvey; Evin McCarthy; Brian Hunt; Brian Quinn

Testimonials

‘They are an excellent firm with solid market reputation.’

‘We required a law firm that could move at pace, offer a full service across multiple legal disciplines including banking and finance to contract law. We have found RDJ to be diligent, professional and capable of moving at pace across the multiple transaction we have worked with them on completing. We have selected RDJ as our main legal firm in the Irish market given the high quality work they complete and the competitive prices they charge.’

‘Tom Fox is one of the best we deal with anywhere – he is top class – extremely solution focused and quick, his communication and client engagement style is very very good.’

‘Cian Fenton – professional, diligent and with a strong knowledge of banking and finance.’

‘Cian Fenton and his team at RDJ are consistently excellent, provide a top tier level of service, and always go over and above expectation to get the job done. I have found them to be fantastic on all projects and have worked with them multiple times over a number of years.’

‘Cian Fenton is extremely knowledgeable and provides a standout level of service to his clients.’

‘There’s a depth of knowledge and a commitment to comprehensively understanding the brief. They use time well. Brian Hunt led much of the work and is both deeply knowledgeable and articulate.’

Key clients

Allied Irish Banks Plc

Bank of Ireland

Ulster Bank Ireland DAC

KBC Bank Ireland Plc

Beechbrook Capital

iNua Hospitality Group

Pepper Finance Corporation (Ireland) DAC

O’Callaghan Properties

Bon Secours Health System

Carbery Group

Companjon Insurance DAC

Work highlights

  • Advised UCD on all aspects of its €350m financing from the European Investment Bank to fund future campus development in Ireland’s largest university.
  • Advised Castlehaven Finance on loan facilities to O’Brien & O’Flynn Group to assist in the group’s landmark exit from NAMA and resurrecting the group from both receivership and liquidation at the same time, a first in Irish legal history.
  • Advised Kilkenny Abbey Quarter Development Limited on funding from the Irish Strategic Investment Fund (ISIF) for the acquisition and development of strategic sites at the Old Smithwicks Brewery in Kilkenny City, County Kilkenny.

Walkers

Walkers operates across the product range, noted especially for its bank side engagements. The firm is also at the forefront of fund finance, including asset-backed, NAV-based and revolving credit facilities. It has an increasingly flourishing practice in distressed debt and loan portfolio sales, and remains active in real estate finance. The Dublin team is also recognised for its expertise in structured finance, securitisation and debt capital markets-related financings. Andrew Traynor, Matt Hedigan and Ian McNamee are key names in the team.

Other key lawyers:

Andrew Traynor; Noeleen Ruddy; Matt Hedigan; Ian McNamee; Paddy Rath

Testimonials

The team at Walkers were extremely diligent in guiding us through a complex company restructure. All elements were dealt with thoroughly and were explained well in layman’s terms.

‘Very strong technically, with good feel and knowledge of market practice.’

The advice is very practice-oriented and professionally sound. The individual lawyers have a very good understanding of the needs of the client.

They are fantastically knowledgeable and uniquely commercial and solution-oriented. They go above and beyond for their clients and are very accessible and dedicated.

‘Ian McNamee & Andrew Traynor – strong technical skills, practical, commercial, hands-on and approachable.’

‘Andrew Traynor and the team are always a pleasure to work with. Andrew is very commercial and efficient and goes that extra step to explain complex legal aspects more clearly.’

Key clients

Allied Irish Banks, p.l.c.

Apex Group

Avia Solutions Group

Bank of America Europe DAC

Bank of America, N.A.

Citibank NA

DTZ Investors

Deutsche Bank AG

Eagle Street Partners

ESS Modular

First Energy Bank

Hertz Group Holdings Inc.

Home Building Finance Ireland

Iceland Seafood International hf

ING Bank

Kroll

KTB Investment & Securities Co/, Ltd. / KTB Asset Management

Kylin Prime Group

Macquarie Bank

Man Group plc

Metamo

Oceanpath Seafood Limited

Standard Chartered Bank

Unicredit Bank

VTB Bank

Wells Fargo Bank

Work highlights

  • Acted as Irish legal and tax counsel to Hertz Global Holdings on its successful global restructuring of $19bn of debt and return of $1bn of value to shareholders during the Covid-19 pandemic.
  • Acted as Irish legal advisors to ING Bank as arranger and sustainability coordinator with respect to a two-year $100m ESG-linked revolving credit facility to an Irish incorporated Nord Gold subsidiary Celtic Resources Holdings DAC.
  • Acted as Irish and Cayman Islands counsel in connection with a $750m subscription line financing to Irish and offshore obligors managed by a leading global asset management firm.

DLA Piper Ireland LLP

DLA Piper has established a highly credible team, particularly in relation to cross-border financings. The Dublin team has strong connections to Irish banks and corporate borrowers, notably in the acquisition finance, leveraged finance, structured finance, real estate finance, fund finance and corporate lending segments. Much of the team’s recent practice has centred on real estate financings, including those related to the acquisition of commercial property and the development of student accommodation. Kate Curneen is highly rated for structured finance, acquisition finance and real estate finance. Department head Conor Houlihan is also rated for general corporate lending, real estate finance and asset finance.

Practice head(s):

Conor Houlihan

Other key lawyers:

Kate Curneen; Liam Mills

Testimonials

‘The team at DLA Piper stand out for their commerciality and their depth of knowledge of the real estate market. They already have a highly-regarded presence in the Irish market – and really they are as good as any firm we have dealt with in Ireland.’

‘One thing we have noticed is that as a global firm they can bring significant expertise and innovation to the table on deals – a different perspective. They come into their own on complex cross border financing work. They know how to effectively manage a deal from start to finish. It’s a great team.’

‘I have worked principally with Kate Curneen, a partner in the structured finance team. I have found her to be highly driven, diligent and committed on behalf of her clients. She has strong technical capabilities, but combines this with a commercial approach and therefore very effective at providing practical and holistic advice. Can stand her ground and resolve difficult negotiations. ’

‘Kate Curneen has been our go to person in Ireland for real estate finance for many years – her transaction management skills and knowledge of the market are as good as you’d get and she is a pleasure to deal with. She is very proactive and takes the time to really understand and work through the issues and ensure that the deal keeps moving. I have recommended her to a number of people. She is particularly active on the lender side, in both the acquisition and development space.’

‘Liam Mills is also a very capable operator. He’s very bright and technically strong and is always pleasant to deal with.’

Key clients

Fairfield Real Estate Finance

Aareal Bank AG

Allied Irish Banks plc

Permanent TSB

Harrison Street

Aurelius Group

UPMC

Western Alliance Bank

Silicon Valley Bank

RBS Group

Work highlights

  • Advised AIB in its capacity as mezzanine lender in connection with the acquisition of Ireland’s largest shopping centre, the Blanchardstown Centre in Dublin, by Goldman Sachs.
  • Acted as lead counsel to Fairfield Real Estate Finance, one of the most active real estate non-bank lenders in the Irish market, on its €56m financing of a significant student accommodation development in central Dublin.
  • Advised Harrison Real Estate Capital LLC, in connection with its joint venture partnership with CA Ventures, a global real estate investment company, to develop and acquire purpose-built student accommodation (PBSA) assets across Ireland.

Hayes Solicitors LLP

Hayes Solicitors LLP has an extensive record in real estate finance, including acquisition and development finance engagements, along with detailed knowledge of financings in the healthcare and pharmaceutical segments, and experience in financial services regulatory matters. Michael Hanley  is a seasoned professional in financings, including in the healthcare sector.

Practice head(s):

Michael Hanley

Other key lawyers:

Tim Waghorn; Danny Heffernan

Testimonials

‘Always available for a call to chat through a proposal. Very knowledgeable, Good commercial acumen.’

‘Excellent team with relevant expertise. Always available and go over and above for their clients.’

‘Tim Waghorn & Mick Hanley – very personable. Commercially minded.’

‘I have worked most recently with Danny Heffernan and found him to be excellent – very responsive and helpful.’

Key clients

National Bank of Canada

Allied Irish Banks Plc

Bank of Ireland

Technopath Clinical Diagnostics Holdings Limited / Technopath Manufacturing Limited

Trend Technologies Group

Belatrix Limited/ Santiago Capital

Ulster Bank Ireland DAC

RHD Housing

HBFI

Castlehaven Property Finance DAC

Murphy Geospatial

Aviate Credit Union

DunPort Capital Management DAC

Fédération des Caisses Desjardins du Québec

Grenke Invoice Finance

Timbercreek Ireland Private Debt DAC

Work highlights

  • Advised IIU in relation to fixed shareholder debt/investment into Datalex PLC, a market leader in the digital commerce retail sector.

Philip Lee LLP

Philip Lee LLP handles a steady pipeline of corporate lending for banks and non-bank lenders, and is an emerging name in project finance and media sector finance. Jonathan Kelly and Simon O’Neill  are senior members of a team that was expanded by the arrival of Ruairi Mac Cumhaill and Louis Burke from DWF in September 2021. Marie Kinsella is a key figure for financial services regulatory matters.

Practice head(s):

Jonathan Kelly; Simon O’Neill

Other key lawyers:

Ruairi Mac Cumhaill; Louis Burke; Marie Kinsella

Testimonials

‘They managed the fee quote process well and managed their WIP well. They did not suprise us with requests for a fee increase prior to billing; they stuck to the agreed fee quote and kept us informed where any out-of-scope services became necessary.’

‘I find the Philip Lee team responsive and straightforward to deal with. Our organisation is new to the banking field and the Philip Lee team have been extremely good at holding our hands as we chart our way through new territory.’

‘What makes Philip Lee special is their hands-on mentality. When things get hectic, they keep a calm head and deliver – on time, in top quality and reliably. It’s also great that Philip Lee provides our clients who have parts of their operation in Ireland with a carefree package.’

‘I worked with Jonathan Kelly and his team. Jonathan took a hands-on role on our transaction, and was always on top of the detail.’

‘Primarily, we work with Jonathan Kelly and Simon O’Neill. Both deliver top work.’

‘Simon O’Neill, in particular, has already made some of our clients happy with his creative ideas, which also work great, and his pragmatic approach.’

‘I’ve dealt with Simon O’Neill quite extensively and have found Simon to be responsive, easy to deal with, good at explaining the legal landscape of a new area to me and my internal team. Simon has been generally good at meeting deadlines. In terms of the quality and clarity of advice and legal drafting I am very impressed with Simon. ‘

Key clients

Home Building Finance Ireland

Bentall GreenOak Secured Lending

Ulster Bank Ireland Limited

Relm Loan Opportunities 3 DAC

Toronto Dominion Bank

AIB Bank

Dentons Ireland

Dentons Ireland has assembled a sizeable team with a depth of senior expertise. This includes a strong focus on aviation and energy sector financings, along with property finance, acquisition finance, structured finance, general corporate lending and financial services regulatory matters. The group has developed a particular emphasis on cross-border financings relating to European investments into Irish real estate. Department head Peter O’Brien  has extensive international experience and Mairéadh Dale  is noted for aviation finance, corporate lending, acquisition finance and structured finance.

Practice head(s):

Peter O’Brien

Other key lawyers:

Mairéadh Dale

Testimonials

‘Maireadh Dale is a strong negotiator. She worked hard to secure a good outcome for us in the negotiation of credit facilities, and was proactive in looking for solutions to any ‘roadblocks’. She is very pleasant to deal with.’

 

Key clients

Zetland Capital

Work highlights

  • Acting for Zetland Capital on the financing (and all real estate and corporate aspects) of its acquisition of the Morrison Hotel through the acquisition of the property and a corporate acquisition.

Fieldfisher

Fieldfisher is highlighted for its expertise in renewable energy financings, particularly in relation to wind farm projects. It also has a strong record in real estate finance, including acquisition and development financings, and loan portfolio sales. It represents a range of domestic and international lenders. Breen Purcell and Feilim O’Caoimh are the senior members of the team, with Paddy Smyth, a real estate finance specialist, and renewable energy expert Elaine Traynor providing additional partner-level expertise.

Practice head(s):

Breen Purcell; Paddy Smyth; Feilim O’Caoimh

Other key lawyers:

Elaine Traynor

Testimonials

‘The Fieldfisher team bring an enormous amount of rigor to their their work. Their ability to engage with us as clients is unrivalled. Clear and sound advice delivered in a timely and efficient manner sets them apart from their peers. Our management team benefits from the collaborative approach and outstanding communication of the firm.’

‘What makes the practice unique compared to other practices is that Fieldfisher’s core team never changes. When you pick up the phone to discuss a new project, you always know the team you spent years developing a relationship with and trust will be on the other side of the call. I can’t stress enough how comforting this is.’

‘Fieldfisher’s core strength most importantly is their knowledge and experience in what is required to secure bank finance.’

‘Breen Purcell has been advising our firm for nearly five years. His focus on finding solutions has been key to helping us grow our business in to a market leading lender in the Irish market.’

‘What makes Fieldfisher different to their competitors is their ability and work ethic to deliver a project. Feilim O’Caoimh, Elaine Traynor and their team’s work ethic is second to none. When required they work seven days a week to get a project across the line.’

‘Paddy Smyth is very strong technically and commercially. He is very pragmatic and solution focused.’

Key clients

Galetech Group

National Asset Management Agency

Bank of Ireland

Work highlights

  • Advised Galetech, a developer and operator of numerous wind farms in Ireland, on a multi-faceted transaction, which involved the sale of 50% of the issued share capital of Carrickallen Wind Limited.
  • Acted for Bank of Ireland on its provision of development finance to On Track Developments Limited in connection with the development of a mixed residential and retail development on the Drimnagh Road in Walkinstown, Dublin 12.
  • Acted for HBFI in a number of development finance facilities, which included social housing developments in County Westmeath.

Holmes O'Malley Sexton

Holmes O’Malley Sexton is active in general corporate lending and property finance, including development finance. The practice is largely centred around Limerick-based Lisa Killeen, who has strong connections to Ireland’s pillar banks. She has worked on a series of financings of property acquisitions and real estate developments, including residential developments.

Practice head(s):

Lisa Killeen

Testimonials

‘Their professional competency and capability is unrivalled when compared to previous firms we have engaged and continue to engage in other countries and territories. The fact that they listen to our specific needs and don’t waste our time is what sets them apart. They are always accessible and we have comfort in the knowledge that they will respond to a late evening, early morning or weekend message/email/text.’

All the team are extremely proactive and engaging. This makes a significant difference when you need to get a transaction completed within a tight timeframe and there are a number of different stakeholders.

Consistently professional, diligent and trustworthy.

‘Excellent firm with Lisa Killeen our banking partner and hands on presence always.’

‘Lisa Killeen takes personal ownership – she has top class knowledge and then works for solutions to the problems that inevitably arise.’

‘Lisa Killeen is a partner I have dealt with. I have found her knowledgeable particularly in guiding me, her customer through complex matters. She is always supportive and agile to ensure that the job gets done and get done well.’

‘Lisa Killeen consistently provides a top class service.’

Key clients

Bank of Ireland

Allied Irish Banks, p.l.c.

Ulster Bank Ireland DAC

KBC Bank Ireland p.l.c.

Limerick Twenty Thirty Strategic Development DAC

Roadbridge Limited

Permanent TSB, p.l.c.

Work highlights

  • Acted for the Bank of Ireland on loan facilities to a company to finance the repayment of an intercompany loan from a company to its subsidiary.
  • Acted for Allied Irish Banks on a loan facility to a company to fund the development of 31 residential units in County Mayo.
  • Advised the lender on a loan facility to fund the acquisition of a commercial premises comprising a food store, a forecourt and funeral home.

LK Shields Solicitors LLP

LK Shields Solicitors LLP has a lengthy history in corporate banking, and has an impressive client base of banks, alternative lenders and borrowers. It covers a range of financing transactions, including property acquisition and development finance, general corporate lending, acquisition finance and trade finance. Peter O’Reilly is recommended for property finance and Simon Mahon is an experienced senior associate.

Other key lawyers:

Peter O’Reilly; Evelyn Boyce; Simon Mahon

Testimonials

‘Strong understanding of commercial needs of customer leads the legal approach taken.’

‘The communication skills of LK Shields and the efficient manner in which the solicitors carry out their work have proven to be the attributes, which in my opinion, rank them ahead of other firms in the market.’

‘The team at LK Shields worked with us collaboratively on a difficult transaction that had a number of delays and where the borrower’s side was not represented. We really appreciated the pragmatic approach that LK Shields took to get the transaction across the line. They were hands on, responsive and provided useful guidance on Irish law requirements.’

‘In all the cases I have worked with LK Shields Solicitors on, I have found the people to be outstanding in the manner in which they carry out their work, their knowledge, approachable nature, clear communication skills and always being available to contact when required. Specifically I would like to mention stand-out individuals: Evelyn Boyce and Peter O’Reilly in my dealings with them.’

‘Evelyn Boyce is a top class service provider who is extremely accessible.’

‘Evelyn Boyce is a pragmatic banking and construction lawyer with great stamina to get a deal over the line.’

‘We worked most closely with Simon Mahon who was responsive, clear and helpful.’

Key clients

Renatus Capital Partners & CRS Cold Storage Group

Alcuin Capital Partners and SF Engineering

CareChoice Group

Trustmoore (UK) Limited

Longreach Direct Lending Fund

Bank of Ireland

Home Building Finance Ireland (HBFI)

Allied Irish Banks Group LLP (AIB)

Bank of Ireland (BOI)

DNB Bank ASA

Work highlights

  • Advised AxiomSL on drawing funds of $547m in connection with facilities provided by a lending syndicate arising from private equity firm Thoma Bravo’s acquisition of a controlling interest in AxiomSL.
  • Acted for the Carechoice Group, one of the largest nursing home operators in Ireland, in respect of various amendments and extensions to its existing circa €120m syndicated facilities agreement with a group of lenders.
  • Advised CRS Cold Storage Group and Irish private equity group, Renatus Capital Partners, on secured revolving credit, capital expenditure and acquisition finance bank facilities made available by Allied Irish Banks in connection with the equity investment completed by Renatus Capital Partners in the CRS Refrigeration Group.

Pinsent Masons LLP

Pinsent Masons LLP has a burgeoning banking and finance practice with a broad outlook covering a variety of transactions, including acquisition finance, property finance, receivables finance, general corporate lending, and restructurings and refinancings. Ann Lalor is an experienced figure in representing domestic and international banks, alternative lenders and corporate borrowers, and specialises in commercial property, construction and development finance transactions.

Practice head(s):

Ann Lalor

Other key lawyers:

Lisa Matthews

Testimonials

‘Very responsive in what was a live liquidation and very proactive. Always felt that they had my back.’

‘Very responsive, very clear advice and always available.’