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DLA Piper UK LLP

VICTORIA SQUARE HOUSE, VICTORIA SQUARE, BIRMINGHAM, B2 4DL, ENGLAND
Tel:
Work 02073 490 296
Fax:
Fax 0121 262 5794
DX:
13022 BIRMINGHAM-1
Email:
Web:
www.dlapiper.com

Stephen Bottley

Tel:
Work 0121 262 5664
Email:
DLA Piper LLP (US)

Work Department

Finance and projects.

Position

Stephen leads the 16-strong finance practice in Birmingham. He focuses on acquisition finance, corporate lending and ABL transactions. After qualifying in 1996, Stephen gained six years of broad corporate experience, which enables him to add value in his finance work. Stephen's client base includes all of the major UK banks; he has recently been engaged in large-scale drafting and reorganisation projects for two large high street banks. Stephen's practice includes advising banks, ABL funders, private equity investors and public and private corporations on negotiation and agreement of credit and security documents in relation to corporate borrowing, asset-based funding and acquisition finance transactions typically MBO's, secondary buyouts and acquisitions for existing corporates. Given the nature of DLA Piper's pre-eminent international reach, Stephen is highly experienced in cross-border fundraising and financing transactions.

Career

Trained Boyes Turner, Reading; qualified 1996; solicitor, Anderson Legal Sept 1996-1999; manager, Anderson Legal 1999-2000; associate, DLA Piper 2000-2002; senior associate 2002-2005; partner 2005 to date. Publications of note: Manufacturing Matters (UK) - Edition 10, 26 May 2014.

Member

Birmingham Law Society.

Education

King Edward VII School, Sheffield; Regents Park and University Colleges, Oxford (1993 Jurisprudence (BA)); College of Law, Guildford (1994).

Leisure

Gym (HIIT enthusiast!), golf, trumpet (music of all forms from classical to reggae to trance), wine tasting.


London: Finance

Asset based lending

Within: Asset based lending

Aided by a broad national network, the 'responsive and pro-active' team at DLA Piper is deeply entrenched into the ABL ecosystem as a result of the strong ties it has forged with the ABL arms of clearing banks and alternative credit providers, who are increasingly active in the space. The recent retirement of Simon Boon and the departure of Lorinda Peasland to Harneys was offset somewhat by the arrival of Steven Geerlings from Eversheds Sutherland (International) LLP in September 2017, who has a focus on pan-European ABL mandates. The 'knowledgeable and commercial' Joseph Frew and Sarah Day co-head the team from Manchester and Leeds respectively and are both active across the gamut of ABL transactions including as they relate to the funding of working capital, refinancing and acquisition finance. Frew recently acted for Searchlight Capital Partners and Duke Street Private Equity portfolio company Ardent Hire Solutions on the refinancing of the company's existing indebtedness (a deal which effectively showcased the use of ABL financing techniques for large plant hire businesses). Birmingham-based partner Stephen Bottley and senior associate Ben Tumelty are 'technically very strong but also highly personable' and regularly handle ABL transactions as part of their broad-ranging banking practices. The 'pragmatic and customer oriented' Richard Usher also has expertise at ABL techniques at the nexus of structured finance, while Manchester-based Christopher Roberts  and Ben Johnson  regularly handle ABL work in the context of restructuring and litigation, respectively. Clients include ABN Amro Commercial Finance, Lloyds, RBS Invoice Finance and Shawbrook Bank Business Credit.

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West Midlands: Finance

Banking and finance

Within: Banking and finance

DLA Piper UK LLP, which represents both bank and non-bank lenders as well as corporate borrowers, ‚Äėprovides a full end-to-end service, allowing clients to focus on the commercial aspects of the deal‚Äô. HSBC is a key bank relationship: Brian Woolcock¬†advised it on the refinancing of an existing loan provided to St Modwen Properties, while Stephen Bottley¬†headed a team advising an HSBC-led syndicate on a ¬£65m financing of a secondary buyout of Brintons Carpets. Borrower-side representation includes Bottley advising Clinigen Group on the financing of its acquisition of Quantum Pharma, funded by three of the Big Five banks. Non-bank lender work includes advising Ares Capital Corporation and two other investment funds on a $75m facility provided to SoundCloud. Other highlights concern debt restructuring and invoice financing, an area in which it advises RBS Invoice Finance. Ben Tumelty¬†is a key senior associate.

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Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.‚Ä©
    - DLA Piper UK LLP

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