The asset-based lending team at Mills & Reeve LLP is well regarded for its restructuring, receivables and supply chain financing expertise. Manchester-based practice head Simon Prendergast has a strong track record in sponsor-side mandates, with sector-specific expertise across the mining, manufacturing, food and beverage industries. Norwich-based Zak Virgin, experienced across the full lifecycle of an ABL refinancing, is well regarded in the healthcare and defence markets.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- Simon Prendergast is another industry-recognised professional with ABL experience and know-how. Incredibly collaborative and commercial, and happy to help us form solutions for our customers.
Key clients
- HSBC Invoice Finance (UK) Limited
- PNC Financial Services UK Ltd/PNC Bank N.A.
- Arbuthnot Commercial Asset Based Lending Limited
- Mercantile Trust Limited
- Webster Bank N.A.
Work highlights
Advised HSBC on the £90m ABL financing of Simpsons Malt.
Advised Metro Bank on £19,725,00 ABL facilities in relation to the acquisition by 4D Capital Partners of the Hepworth Clay business from Wavin Limited.
Advised PNC Business Credit on the £80m senior secured financing of 7Steel UK.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
Simon Prendergast
Other key lawyers
Zak Virgin; Alisa Garibian; Bethany Webb