The Freshfields' structured finance group is known for its ‘intellectual curiosity, specialist knowledge, commitment and resilience’. The four-partner practice is led by Andrew Heathcote, whose broad practice spans securitisation, structured finance and debt capital markets. His main focus is on whole business, fintech specialist lender, and trade receivables securitisation issues. He recently acted for Klarna Bank on an innovative £900m buy now, pay later loan receivables deal. Flora McLean’s expertise is in the regulatory capital and tax aspects of bespoke transactions such as warehouse financings. She acted for Barclays Bank as warehouse facility lender in a £250m deal for the financing of UK consumer regulated lease receivables originated by Hometree Finance. Mandeep Lotay splits his time between London and Amsterdam, and frequently advises on transactions in Spain, Greece, Cyprus, UAE, and Italy, as well as the Netherlands and the UK. Jenny McIvor‘s skills lie in whole-business and infrastructure securitisation deals on behalf of sponsors and finance providers.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- 'The team has a deep understanding of our organisation and the business context we operate within. They utilise this knowledge, alongside their professionalism and technical legal expertise to consistently demonstrate sound judgement. We trust them implicitly and integrate them early into our strategic thinking due to the value we place on their practical, solution-orientated advice. They communicate clearly and we see the team as trusted partners.'
- 'I have worked with lots of individuals from Freshfields over the years and they all bring the same intellectual curiosity, specialist knowledge, commitment and resilience to be a collaborative partner in devising solutions to any manner of complex scenarios. Further to this, they foster a network of engaging individuals who are a pleasure to work with and are easy to build a trust based relationship with. The senior team, led by Andrew Heathcote and Katy Foxall are proactive, responsive, detail focussed and add strategic value to our organisation. We value their input immensely.'
Key clients
- Klarna Bank AB
- GoldenTree Asset Management UK LLP
- PremFina Limited
- Prodigy Finance Limited
- Telereal Trillium
- M&G Investments Limited
- Barclays Bank PLC
- AB CarVal Investors
- PayPal (Europe) S.à r.l. et Cie, S.C.A.
- Center Parcs
- Heathrow Airport
- BNP Paribas
- The Co-Operative Bank
- Yorkshire Water
Work highlights
Advised Klarna on a multi-year agreement for a £900 million replenishing commitment under which funds managed by Elliott will purchase buy now, pay later (BNPL) loan receivables originated by Klarna in the United Kingdom.
Advised GoldenTree on the successful acquisition from Bank of Ireland (UK) plc and securitisation financing of a portfolio of consumer loans, following a highly competitive auction process.
Advised PremFina Limited, a UK insurance premium receivables financing company, on a new warehouse facility in order to launch its new Irish business operations with committed senior lending to be provided by Morgan Stanley.
Practice head
Andrew Heathcote
Other key lawyers
Flora McLean; Jenny McIvor; Mandeep Lotay