As Ireland’s largest finance practice, we are involved in an extensive range of transactions for a wide variety of clients, both domestic and international.
We are consistently at the forefront of many banking law developments including most recently the State Bank Guarantee.
Our Belfast office, which contains an equally strong banking team headed by Angus Creed, enables clients to receive a full one firm service where financing involves both jurisdictions in Ireland.
Our expertise in banking and international financial services includes:
Some of the recent transactions in which the Banking Group has been involved in include:
- Advising Kaupthing Bank in relation to the debt restructuring and workout for Karen Millen, Coast Stores, Warehouse Fashions, Oasis, Principles and The Shoe Studio
- Advising Natixis in relation to a debt and security restructuring with an Irish fund
- Acting for Eirgrid who are raising interim funding of €150 million in connection with the construction of an interconnector between Ireland and England
- Acted for Spotless Punch Ireland in relation to financing the acquisition of Dylon International Limited and Spotless UK Limited, where Barclays Bank plc was agent and lead lender of syndicated senior and mezzanine facilities
- Acted for an Irish Credit Institution in relation to a €1.25 billion financing transaction
- Acted for Allied Irish Banks, plc in connection with development facilities provided to New City Developments Limited and Joseph O' Reilly for a development at South King Street, Dublin
- Acting for Bank of Ireland and Bank of Scotland (Ireland) Limited in connection with the provision of acquisition and working capital facilities to Premier Recruitment (International) and its subsidiaries in connection with the public bid for Imprint plc
- Acting for Siteserv plc in connection with the financing of the acquisition of the Deborah Group in the UK
- Acting for Edward Holdings in connection with the financing of the acquisition of Ashford Castle
- Acted for Tetra Ireland Communications Limited in relation to facilities of €85 million provided by Bank of Ireland to develop and operate a network for the provision of nationwide digital radio services to state bodies
- Acting for Aer Lingus in relation to financing the purchase of A330 and A320 aircraft
- Acting for National Irish Bank who are funding Football Association of Ireland on the new Lansdowne Road project
- Legislation Bulletin, Spring 2010
- Corporate and M&A, Company Compliance and Governance, Banking, Financial Regulatory, Technology, Intellectual Property, Inward Investment, Listing Services, Litigation and Dispute Resolution, Communications and Broadcasting, Pensions, Tax, Tax Disputes, Asset Management and Investment Funds, Financial Services Litigation, Middle East
- 17.05.2010 | Format:
- The National Asset Management Agency, Spring 2010
- Banking, Corporate and M&A, Financial Regulatory, Litigation and Dispute Resolution, Tax, Property, Structured Finance and Securitisation, Company Compliance and Governance, Capital Markets, Financial Services Litigation
- 30.04.2010 | Format:
The Practice
Arthur Cox Belfast has Northern Ireland’s largest and most experienced Banking Group comprising 9 solicitors of whom 4 are Partners namely Angus Creed, Judith Brown, Andrew McCluggage, and Louise Bailey. It is consistently ranked in the top tier of Banking Teams in Northern Ireland with its increasingly international practice highlighting its ever broadening expertise and reputation. Head of Banking, Angus Creed has been at the forefront of most of the high profile banking transactions with any Northern Ireland dimension occurring over the last 3 decades and continues to be instrumental in advising both local and international clients on a vast range of both domestic and cross-border transactions and arrangements.
Expertise
Our expertise in Banking and Finance includes:
- Acquisition Finance
- Property and Development Finance
- Reconstructions and Workouts
- Securitisations
- Cross Border Financings
- Syndicated Loans
- Project Finance
- Advice on Administrations and Liquidations
Experience
Recent Work Highlights include:
- Acted for Ulster Bank in its £67million refinancing of the Norbrook Group, the most significant in terms of scale refinancing deal in Northern Ireland in 2008 comprising 23 Group companies and 30 properties
- Acted for Ulster Bank in relation to the financing of the public to private management buy-out of Andor Technology plc
- Acted for United Drug Group in relation to several large scale separate financing transactions with Bank of Ireland, National Irish Bank and Ulster Bank Ireland totalling 190M approximately
- Acted for UTV plc in respect of various Bank of Ireland facilities and group debt restructuring
- Acted for Bank of Ireland in relation to two separate large scale commercial property transactions totalling approximately £32million both involving complex borrower partnership and security structures
- Acted for Ulster Bank in relation to the reorganisation of the Quotient Bioscience Group and its $70 million venture capital funding
- Acted for BNP Paribas in respect of the Northern Ireland aspects of the refinancing of Kilroot power station
- Acted for Citibank and Barclays Capital in relation to the Phoenix Natural Gas reorganization
- Acted for Hastie Group plc in relation to the financing of the acquisition of the Rotary Group
- Acted for HSH Nordbank in relation to its financing of the acquisition of Belfast City Airport
Endorsements
'Firmly in the top calibre of banking teams.'
Chambers UK: A Client’s Guide to the UK Legal Profession, 2008
'Arthur Cox Northern Ireland has become even more of a force to be reckoned with in this sector…'
The Legal 500: The Clients’ Guide to the UK Legal Profession, 2008
‘This “driven, pragmatic and diligent team” maintains its position as a market leader for transactional financing work and sources acknowledge its contingent of “dedicated and undeniably strong lawyers”. The all-encompassing practice offers expertise in corporate finance, real estate funding and project finance, and clients appreciate its firm grasp on current developments in the banking sector. It works well with the firm’s Dublin office.'
Chambers UK: A Client’s Guide to the UK Legal Profession, 2009
‘Angus Creed’s three-partner team wins plaudits for “performing well ahead of expectation on response times and expertise”.'
The Legal 500: The Clients’ Guide to the UK Legal Profession, 2009
People
Angus Creed
Louise Bailey
Judith Brown
Andrew McCluggage