Leveraged & Acquisition Finance Lawyers

What We Do

We provide full legal service to UK and overseas lenders, borrowers and sponsors relating to a wide range of leveraged and acquisition finance transactions.

Our specialist team advises on the senior, mezzanine and junior debt finance aspects of corporate acquisitions, including management buy-outs and buy-ins. We also advise on security structures and intercreditor/priority issues. 

We help borrowers and investors get the funding structure they need while making sure that the facility is practical and not unduly restrictive.

After an acquisition, we help with negotiating any extra funding requirements to support day-to-day cash flow and capital expenditure of the business.

In particular, we can draft, negotiate and provide advice on the following: 

Bilateral and syndicated/club loan agreements relating to a large number of committed and uncommitted facilities

Security arrangements relating to: 

o Corporate lending transactions

o Debentures 

o Legal charges

o Chattel mortgages 

o Assigning rights under contracts with third parties

o Guarantees from corporates and individuals

o Share charges

o Account charges

Intercreditor arrangements, including deeds of priority and subordination and relating to mezzanine debt

The early stage in transactions such as: 

o Drafting term sheets

o Advising on deal structures

o Identifying legal challenges

o Offering risk management strategies to complete deals safely for both lender and borrowers

Advice and legal due diligence reports on sale and purchase agreements and disclosure letters

Contacting a client’s corporate finance and tax advisors about all non-legal due diligence.

Why Choose Irwin Mitchell?

We act for both lenders and borrowers, so we understand leveraged and acquisition finance transactions from all perspectives. This lets us quickly identify issues that arise and prepare for them with solutions that are acceptable to all parties.

Our specialists in leveraged and acquisition finance are supported by our teams in corporate, real estate, tax, employment, pensions, insolvency and restructuring. The teams have many years’ experience advising in complex acquisitions and overseas, by both asset and share purchases.

Completing a deal is our main goal. We protect your interests, but always give practical, commercial advice. We negotiate on the points that matter to save time and money on those that don’t.

Recent Work 

We advised Lion City Group on facilities of roughly $50m for acquiring Spear & Jackson Group and Pantene Industrial Company. This involved raising senior debt and asset-based finance in the UK, Hong Kong and other jurisdictions. 

We advised Encon Group on its refinancing, including £19m senior leveraged facilities and £35m asset-based lending facilities.. We also advised on the discounted acquisition of a £32m loan note issued by the Encon Group to its historic parent company the Wolseley Group.

We advised Lloyds Structured Finance on providing £25m revolving credit facilities to Pressure Technologies plc. This was to fund the acquisition of Quadscot Holdings Limited and to meet the working capital needs of the larger group. 

Recent Work

Encon Group

We advised on its refinancing, including £19m senior leveraged facilities provided by a Luxco debt fund, arranged by US hedge fund Farallon Capital and £35m asset based lending facilities provided by Lloyds Bank Commercial Finance

Lion City Group

We advised on the facilities for the acquisition of Spear & Jackson Group and Pantene Industrial Company, involving the raising of senior debt and asset based finance in the UK, Hong Kong and a number of other jurisdictions (total facilities cUS$50m)

Lloyds Structured Finance

We advised on the provision of £25m revolving credit facilities to Pressure Technologies plc to fund the acquisition of Quadscot Holdings Limited and to meet the working capital needs of the enlarged group.

Testimonials & Feedback

We truly value the feedback we receive from both our clients and legal accreditation societies, such as The Legal 500 and Chambers & Partners.

"Irwin Mitchell always provides excellent advice and service."

Chambers & Partners, 2022
Chambers & Partners 2020 logo

"They are extremely diligent and detailed from a risk perspective and give great advice."

Chambers & Partners, 2020

“Exceptional law firm, right up there with best worked with in 20 years. Knowledge is unsurpassed, ability to focus on salient points hugely helpful in matters being dealt with expediently and correctly.”

Legal 500, 2022

Awards & Accreditations

We’re proud of the recognition we’ve received for our business legal work. For a list of awards and accreditations, please visit our awards page.

Chambers & Partners 2020 logo

We Work Nationally

We have offices in major cities throughout the UK and our lawyers can arrange to visit you or your business in person if necessary. We also have international capability, with global links to other legal specialists.

See our latest coronavirus updates before visiting our offices

Business News

Our lawyers are regularly asked to provide expert insight, advice and analysis for the national media. Take a look at the stories below to see what we’re saying, as well as some of the recent deals we have completed for our clients here in the UK and abroad.