DLA Piper‘s asset-based lending practice comprises practitioners across its Birmingham, Leeds and Manchester offices. The team’s workload encompasses advisory, transactional, contentious and restructuring matters for a range of clients from banks and credit funds to sponsors and corporates. Leadership is split between co-heads Sarah Day and Joseph Frew. Day is well-versed in structured asset-based lending, while Frew is proficient in advising on an array of products. Alastair Carruthers is also singled out and acts on both the company and funder side of transactions.
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Key clients
- ABN Amro Commercial Finance
- Aldermore Invoice Finance
- BNP Paribas Commercial Finance
- Payoneer
- Close Invoice Finance
- ING Wholesale Banking
- Deutsche Bank
- AIG Europe S.A.
- Shawbrook Bank Business Credit
- ING Commercial Finance
- Bibby Financial Services
- Coöperatieve Rabobank U.A., "Rabobank"
- Almastone
- Secure Trust Bank
Work highlights
Acting for Aurelius Finance Company on its asset based lending facility to finance the purchase by Baaj Capital of the Amscan International party supplies business.
Advising Secure Trust Bank plc in relation to ABL facilities provided to support Modella Capital's acquisition of Hobbycraft (the largest arts and crafts retailer in the UK)
Providing cross border advice on the ABL facilities which financed the acquisition by Sullivan Street Partners of the Zelus Sports business.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Practice head
Sarah Day; Joseph Frew
Other key lawyers
Alastair Carruthers