Aparna Sehgal > Dechert LLP > London, England > Lawyer Profile

Dechert LLP Offices

Dechert LLP
25 Cannon Street
LONDON
EC4M 5UB
England
Visit website 020 7184 7000 020 7184 7001

Aparna Sehgal

Aparna Sehgal photo
+44 20 7184 7363 aparna.sehgal@dechert.com

Work Department

Commercial Real Estate Finance

Position

Partner

Career

Aparna Sehgal focuses her practice on real estate finance in the UK and continental Europe, and advises on complex real-estate backed transactions, often multi-jurisdictional, highly structured and involving complicated intercreditor issues (senior, mezzanine and subordinated debt/quasi-equity interests). Ms. Sehgal’s clients participate across the capital stack and include financial institutions, alternative capital providers and corporates.

Ms. Sehgal acts on a range of financing matters in connection with real estate, including: loan originations involving complex cross-border structures (including opco-propco arrangements), in connection with the acquisition and/or development of commercial real estate (CRE) or for the acquisition and work-out of distressed and/or non-performing loans (NPLs); the refinancing or restructuring of indebtedness secured on CRE and distressed debt / NPLs secured on real estate; loan-on-loan financings (involving performing and distressed / non-performing underlying assets); and on enforcement strategies (e.g., loan-to-own, consensual / quasi-consensual processes). Ms. Sehgal has advised on transactions in the UK, continental Europe, the Nordics, Russia, South East and East Asia, and the United States.

Ms. Sehgal also advises clients on a range of more general financing matters, such as margin loan and letter of credit (LC) facilities.

Prior to joining Dechert, Ms. Sehgal was a partner in the London office at another global law firm. Over the course of her career, she has undertaken secondments in Washington D.C. and Bangkok with the International Finance Corporation, and in London with CDC Group, Moscow Narodny Bank, and Barclays Capital. She also spent several months working with ANZ Banking Group in London on the disposal of part of their project finance business in Europe, the Middle East and North America to Standard Chartered Bank.

Education

  • University of Leeds, LL.B. (Hons)
  • University of Cambridge, LL.M.

Lawyer Rankings

London > Real estate > Property finance

Dechert LLP‘s practice predominantly concentrates on the lender-side, but extends to acting for these lender clients in their capacity as borrower, or seller, in back-leverage arrangements. Department head Aparna Sehgal leads on loan-on-loans and repurchase facilities, and routinely represents the interests of whole loan and senior lenders, mezzanine debt providers, and both back-leverage counterparties. John McGrath advises banks and buy-side parties on performing and non-performing financial products, often involving enforcement or restructuring of derivatives and securitisations. Richard Pugh is active on commercial mortgage-backed securitisations.

London > Finance > Securitisation

Dechert LLP has a large global finance practice, for which securitisation is a key source of work. Head of structured finance and real estate Aparna Sehgal oversees the London office’s securitisation work, for which John McGrath and Richard Pugh are the standout partners. Noteworthy new additions to the team include Aaron Scott, a structured finance and securitisation specialist who heads up the firm’s CLO offering, where he is assisted by counsel Glenn Weston and associate Rory O’Connor. Consequently, the firm has seen growth in CLO transactions and repo securitisations, though it also continued to advise on a wide variety of structures. McGrath and Weston acted for Palmer Square Europe Capital Management LLC in the establishment of a warehouse financing facility, and the issuance of €503m in CLO notes backed by a portfolio of primarily senior secured loans, senior secured bonds, unsecured senior loans, second lien loans, mezzanine obligations and high yield bonds. They also assisted the same client with a €389m CLO deal that included the ‘uptier priming’ concept, which is a new feature in the CLO market.

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