Paddy specialises in structured finance and securitisation, with a particular focus on CLO, private credit and asset-based finance transactions. He advises banks, managers, investors and issuers across a broad range of transactions.

Paddy has extensive experience advising on collateralised loan obligation (CLO) transactions, including the structuring and establishment of Irish risk retention vehicles. Paddy also advises on other securitisation transactions involving Irish SPVs, including RMBS, CMBS and auto ABS transactions.

Paddy regularly advises asset managers on the structuring, establishment, maintenance and financing of European aggregation platforms involving Irish vehicles and has advised several leading global asset managers on a variety of credit investment structures involving Irish SPVs, ICAVs and hybrid ICAV / SPV structures.

Paddy previously lectured on structured finance and securitisation as part of the Law Society of Ireland’s Diploma in Finance Law. He is recognised across the leading legal directories and is ranked in Chambers Global, Legal 500 and IFLR1000.

Prior to joining Arthur Cox, Paddy was a partner on the Finance and Capital Markets Team at a leading international law firm’s Irish office. Before that, he trained and worked as a solicitor at a top five Irish law firm.

Relevant Experience

  • Advising on the Irish legal and regulatory aspects of multiple CLO transactions for a variety of collateral managers
  • Advising a global alternative investment management firm on the Irish legal and regulatory aspects of Europe’s first ever private credit CLO
  • Advising a U.S. based specialty financing business on the establishment, financing and operation of its European retention financing platform
  • Advising a New York based private credit manager on its €2+ billion strategic partnership with an Irish bank, supporting European mid‑market buyouts
  • Advising a large U.S. based trade solutions provider on the establishment of a substantial receivables financing joint venture involving an Irish SPV
  • Advising a global investment firm in connection with a €330 million refinancing of loans advanced to a multi-strategy alternative asset manager
  • Advising a U.S. based infrastructure financing platform in connection with an infrastructure loan securitisation involving an Irish SPV
  • Advising a U.K. based alternative lender providing business loans to mid-size UK businesses in relation to the Irish aspects of a GBP £700 million warehouse facility involving an Irish SPV
  • Advising a large U.S. based private credit provider on the establishment and financing of its European credit investment structures in Ireland
  • Advising several large U.S. based opportunistic investors on the establishment of their European aggregation platforms in Ireland from standalone Irish SPV structures to hybrid ICAV / Irish SPV structures