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Penningtons Manches LLP

APEX PLAZA, FORBURY ROAD, READING, RG1 1AX, ENGLAND
Tel:
Work 0118 982 2640
Fax:
Fax 0118 982 2641
DX:
117883 READING (APEX PLAZA)
Email:
Web:
www.penningtons.co.uk

Rich Eldridge

Tel:
Work 0118 982 2651
Email:
Penningtons Manches LLP

Work Department

Banking and finance.

Position

Partner specialising in banking and finance. Expertise includes raising bank debt, restructurings and financial disputes. Covers a range of sectors including care, property, hospitality, education, technology and private wealth. Appeared on Panorama. Quoted in The Telegraph, The Times and The Independent.

Career

Trained Linklaters; qualified 2002; solicitor Linklaters 2002-06; solicitor Blake Lapthorn 2006-12, partner 2009; partner and head of finance Manches 2012-13; partner Penningtons Manches 2013 to date.

Member

Law Society.

Education

University of Southampton (1999 Law, 1st); College of Law Guildford (2000 Legal Practice Course, Distinction).


South East: Finance

Banking and finance

Within: Leading individuals

Rich Eldridge - Penningtons Manches LLP

Within: Banking and finance

Penningtons Manches LLP's banking team is 'very responsive and practical in its approach'. Although it is best known for its borrower-side expertise, the practice is also active for lender clients, and was recently appointed to HSBC's corporate banking panel. The health care sector is a particular area of expertise; recent highlights include advising Carebase on a £7m loan provided by RBS for the purposes of refinancing existing debt as well as general commercial purposes, and assisting Cherry Wood Grange Chelmsford with a £6m loan to refinance existing debt and fund an equity release. The practice also acted for Industrial Chemicals Group on a £30m facility provided by Lloyds Banking Group, and advised the Social Justice and Human Rights Centre on the refinancing of its existing bank borrowing and junior debt with new syndicated facilities from Charity Bank and Big Society Capital. Rich Eldridge heads the team and is noted for 'combining intellectual ability with commercial awareness'. Also recommended are Helen Drayton, who is 'a pleasure to deal with - very thorough, offering practical and relevant advice'; and the 'very proactive' John Chater.

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