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
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