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Mills & Reeve LLP

Work 0344 880 2666

Zak Virgin

Work 01603 693244
Mills & Reeve LLP

Work Department

Banking and finance.


Partner in the finance team specialising in asset-based lending, acquisition finance and non-contentious restructuring and insolvency work. Zak recently led the team acting for PNC Business Credit on substantial asset-based lending facilities for the MBI of the cakes division of McCambridge Group Holdings plc backed by NBGI private equity. He led the teams advising the administrators of the Cardale group, the Brilliant Media group, Silver Spring Soft Drinks and Axminster Carpets on the sales of the businesses and assets issues relating to the administrators’ appointment, duties and distributions to creditors.


Trained Mills & Reeve; qualified 2001; partner 2010 to date. Trainee solicitor, Mills & Reeve 1999-2001; solicitor 2001-03; senior solicitor 2003-06; associate 2006-10. Current directorships: governor, Norwich City College of Further and Higher Education 2006 to date.


Caister High School, Caister, Norfolk; East Norfolk Sixth Form College, Gorleston, Norfolk; University of Nottingham (1997 LLB).


Golf, football, cricket (playing and spectating).

East Anglia: Finance

Banking and finance

Within: Banking and finance

Mills & Reeve LLP¬†¬†provides 'excellent service, and its particular strengths are its industry knowledge, commercial approach and value for money'. 'In terms of sector knowledge and business acumen, the firm is on a par with City firms for¬†asset-based lending', remarks one client.¬†William Roles¬†leads the banking and finance practice and clients praise him for his 'industry knowledge and commercially-minded approach'. He assisted lender HSBC bank with a ¬£20m acquisition finance provision to¬†the Spicerhaart Group. Acquisition finance and asset-based lending expert¬†Zak Virgin¬†is 'an excellent banking lawyer ‚Äď creative and pragmatic'. Both Roles and Virgin are 'approachable and readily at clients' disposal for ad-hoc advice as well as more detailed instructions'.¬†Sarah Seed¬†and¬†Laura Holdaway¬†are recommended for not-for-profit and real estate finance respectively. Seed and principal associate Simon Warburton¬†( who specialises in fintech, crowdfunding and ABL and is 'superb - he is knowledgeable, has endless patience and provides excellent advice') advised The Cambridge Building Society on a ¬£15m investment from the Cambridgeshire County Council Pension Fund.

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London: Finance

Asset based lending

Within: Asset based lending

Led out of the firm's Norwich office by the 'approachable and effective' Zak Virgin, Mills & Reeve LLP has strong reputation in the domestic market, particularly among independent funders, but also on behalf of a growing roster of borrower clients and the ABL divisions of banking clients. Virgin handles a significant volume of work for core client PNC Financial Services, including recently advising it on the provision of ABL working capital facilities to help - alongside unitranche debt - LDC's secondary buyout of Addo Food Group from Vision Capital. Cambridge-based William Roles is also noted for his 'commerciality and industry knowledge'. Other clients include RBS Invoice Finance, ABN Amro Commercial Finance and PNC Bank.

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