Deals award honour for banking and finance team
Blake Morgan’s banking and finance specialists have been recognised for their expertise by judges at the Solent Deals Awards.
Senior associate Steve Cole and his team were honoured for legal support given to HSBC in its financing of the management buyout of Lakesmere, one of the south’s leading construction companies.
The MBO was named Deal of the Year in the under £25m category of the Solent Deals Awards, held at Southampton’s St Mary’s Stadium on June 9.
Steve, supported by corporate team partner Stephen Archibald, and solicitors Christian Hazelton and Laura Barrett, provided HSBC with legal advice in relation to term loan, revolving credit, accordion facilities and intercreditor arrangements.
The facilities were secured by subsidiaries in Saudia Arabia, Oman, Dubai, Hong Kong and the UK.
The structured funding for the deal was led by Ben Hyslop, Senior Relationship Director at HSBC, he wrote with thanks, saying: “It’s great to be recognised for this deal, and it wouldn’t have happened without the hard work and support of the Blake Morgan team.”
Blake Morgan’s banking and finance team advises on a broad range of financial transactions including asset finance, trade finance and joint venture arrangements. For more information click here.