Banking and finance

“Blake Morgan's ‘excellent’ team ‘understands the transactions, and is able to liaise across jurisdictions.”

The Legal 500 UK 2015
The Blake Morgan Banking and Finance team has the strength and depth to provide a quality service to meet the needs of funders, lenders and borrowers in all types of financing transaction.  

We offer fast expert advice on all aspects of lending, security, product development and financial regulation.

Main areas of practice 

The team has an excellent reputation in retail banking, insurance regulation, general investments, compliance and consumer credit issues.

Our highly regarded banking and finance specialist lawyers act for lenders (including major UK banks) and borrowers, on mid-tier corporate transactions. Areas in which we specialise include:

  • General secured and structured lending
  • Acquisition and leveraged debt (MBO's, MBI's, trade and institutional acquisitions)
  • Development and Construction Finance  
  • Asset Based Lending (invoice and commercial finance)
  • International transactions (inward and outward investment)
  • Debt restructuring  and distressed debt sales
  • Funds, collective investment schemes, structure, gearing and operating
  • Product design and development, standard documentation and procedures and policies
  • Security over  all asset types including  land, IP Contract rights and chattels
  • Islamic Finance
  • Financial Services and Consumer Credit regulatory and compliance advice
  • Swaps and other derivatives
  • Due diligence

The team comprises over 20 specialist lawyers able to resource transactions from the simplest to the largest and most complex. We work closely with colleagues from our Corporate team to deliver seamless commercial advice that is backed by the knowledge and experience  of lawyers undertaking finance transactions in a wide range of sectors.

For transactions involving property, whether simply as security, or for development or acquisition finance, the Banking and Finance team is supported by dedicated Real Estate and Construction Finance teams with the capability and  experience to deliver to the highest standards, and a real commercial understanding of the issues.

Clients 

Our lending clients include UK clearing banks, international and merchant banks, mezzanine funders, property and equity funds and non-institutional financiers.

We are on the lending panels of most of the UK clearing banks, as well as a substantial number of retail and investment banks. We also provide expert advice for specialist lenders such as manufacturer-owned car finance companies.

For borrowers, our clients include major corporates, charities and social housing providers.

Many of our clients prefer to keep their relationship with us  confidential but here are some examples of our clients:

Aldemore Bank The Co-operative Bank CarePlaces Fund
Monmouthshire Building Society Santander UK plc HSBC Bank PLC
Clydesdale Bank Svenska Handelsbanken Julian Hodge Bank
Finance Wales  Swansea Building Society MedicX Group

Significant experience 

The Banking and Finance team has a huge amount of experience across a variety of banking and finance areas. Examples of where our advice has recently proved invaluable to our clients include:

  • Advising on a buy-in/buy-out of a special education needs schools group, involving cash out to a number of existing members and an inward cash/equity injection. The transaction was funded by a combination of Senior Debt and Mezzanine  and equity finance, funding from an existing investor, and the existing management team.
  • Advising an authorised Fund Manager on  the setup of an investment fund, partly funded by Big Society Bank, to deliver funding into community-based renewable energy projects. We settled the Fund documents and prepared a suite of standard documents for renewables lending.
  • Advising an international IT consultancy company in connection with the detailed structure of a confidential offering, in particular preparing  a detailed analysis of the likely treatment of the elements of the structure in an insolvency. We also advised on ways in which rights under the structure might be segregated to meet the operational requirements of the group.
  • Advising a major clearing bank on a term loan facility of £11.25 million made available to a property development and investment company.
  • Advising a major clearing bank on financing of £15.5m for a building materials merchant.
  • advising a UK Clearing Bank on a 15.5 million Revolving Facility to a PLC Borrower.
  • Advising a major retailer on a combined debt and stock finance Facility  to refinance the existing borrowings of the Client group
  • Acting for the CarePlaces Fund, a £50m Healthcare Fund established to acquire and develop purpose-built care homes for older people.
  • Acting for the Waterlogic Group (a leading designer, manufacturer and global distributor for point-of-use (POU) drinking water purification and dispensing systems) in obtaining syndicated multi-currency facilities, including term and revolving credit facilities of AUS $54.6 million and NOK 51.6 million. The funding was used to acquire the entire share capital of Cool Clear Water Group Ltd, the leading supplier of POU drinking water purification and dispensing systems in Australia. This was Waterlogic’s largest acquisition to date and marked its entry into the Australian water cooler market.
  • Advising a developer in the Care sector on funding for a series of care village developments. This included advising on land acquisition, development contracting, negotiating with debt and equity provider on Loan and Investment documentation and negotiating subordination terms with providers of vendor and secondary finance.
  • Advising on a wide range of Shari'ah complaint finance facilities, including murabahas (cost-plus financing), tawarruqs (cash flow financing), ijaras (leasing arrangements including aircraft leasing) and musharakahs (partnership financing). We act for a variety of customers and banks, and have particular expertise in the development sector.

Other expertise

The team has a wide range of finance related expertise, as well as being able to draw on other teams within the firm for particular legal or sector knowledge, including:

  • Financial Services Regulation and compliance - we advise on a wide range of perimeter and compliance matters.
  • Consumer Credit/Regulated Mortgages - we advise on Consumer credit requirements in a variety of consumer transactions and prepare standard documentation for regulated transactions.
  • Renewables finance - we advise on the development and financing of renewable energy installations. We have recently completed transactions relating to wind and solar power, as well as anaerobic digestion installations.
  • Non contentious insolvency and restructuring - we advise on the implications for lenders and borrowers of insolvency on their transactions, undertake security reviews for lenders and advise on refinancings, restructurings, covenant resets and related issues.

“They are very approachable, commercial, knowledgeable and always quite balanced in how they explain things to you”

Chambers UK A Client's Guide to the Legal Profession, 2016

“I use Blake Morgan because there is an enormous amount of pressure to bring deals in on time and on budget, and they deliver on that." "They are a very established and experienced team.”

Chambers UK A Client's Guide to the Legal Profession 2015

Related expertise

Main contacts

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