Eversheds Sutherland (International) LLP has ‘a great team that ensures consistency of excellent output within challenging timeframes’, with one client praising the department for its ’unprecedented market insights’. The firm has extensive knowledge of forward-funding transactions, particularly deals providing funding to the UK and European lifetime mortgage market. Practice co-head Alex Mehdevy, who ‘knows the market and provides pragmatic advice’, leads this work.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘We use this team for advice on our mortgage funding arrangements. This team knows the ERM market very well and provided excellent support to us on a complex project.’

  • ‘Alex Mehdevy - knows the market and provides pragmatic advice.’

  • ‘A great team that communicates and ensures continuity and coverage over long term projects/contracts to ensure consistency of excellent output within challenging timeframes. Excellent proactive support and provides exactly the right level of support to the in-house function bolstered by an ability to also communicate with the business and understand the commercial nature of the transactions and the practice area. The team really makes it integrated into the business to ensure it is a collaborative effort.’

  • ‘Alexander Mehdevy who heads up the team really understands what his team need to deliver in accordance with timeframes and budget. He is incisive and with immense experience in his field he provides strategic structuring advice as well as understanding the commercial view. He also understands the capabilities of his team and is therefore adept at ensuring the right level of expertise is undertaken by that person with him taking a more supervisory role.'

  • 'Max Morrison is an exceptional senior associate who provides the day-to-day contact and support. He too understands the commercial objectives and provides incisive pragmatic advice. His drafting skills are exceptional and ability to understand the commercials to provide solutions palatable to both parties displays his prowess to negotiation, an approach which has also been commented on by the counterparty to one agreement he has worked on. He has a flair for being proactive to ensure that timeframes are met and will work at all times to ensure delivery of documentation and solutions to commercial issues are provided at an exceptional standard.’
  • 'Very strong overarching and international view.'
  • 'Unprecedented market insights.'

Key clients

  • Senior Capital Solutions
  • Royal London Mutual Insurance Society Limited
  • Chetwood Financial Limited
  • Phoenix Life PLC
  • Secure Trust Bank PLC

Work highlights

Retained by Senior Capital Solutions to advise on Project Guardian involving the purchase and servicing of an £800+  million portfolio of equity release portfolio from Aviva together with providing due diligence and advising our client as introducer and initial acquirer into the back-to-back securitisation sponsored by Waterfall Asset Management with Lifetime Mortgage Funding 1 as issuer.
Advised FundPark, a leading fintech company delivering insights and capital to help digital entrepreneurs, on an up to US$250 million asset-backed securitisation (ABS) facility.

Practice head

Alex Mehdevy

Other key lawyers

Max Morrison