Barlow Lyde & Gilbert is acting for GE Capital Commercial Finance for the first time – distinguishing itself as being one of the firm’s favoured legal advisers.
It is assisting GE Capital Commercial Finance with the provisional financing of the Deans Food Group in its acquisition of the business and assets of Daylay Foods.
And Kevin Dunn, European general counsel at
GE Capital Commercial Finance, says it was Barlow Lyde experience in asset bond lending that was so instrumental in the deal that won it the contract and has marked it out as a favoured practice.
Dunn, of Travers Smith Braithwaite, has previously worked with Graham Wedlake, corporate partner at Barlow Lyde, who headed the deal.
Dunn says: “There are only about two or three firms that can do this type of work.
“Graham and I used to work for Security Pacific National Bank and we used to do a lot of work on asset bonds in the 1980s. I knew that he could do the work.”
Dunn says that the company outsources work to Wilde & Partners and Wilde Sapte.
But while he says that Barlow Lyde will not be GE Capital Commercial Finance sole adviser, he says: “It is one of our favoured firms.”
Wedlake says: “I had also been to see GE Capital in the US, the job came out of me pursuing them.”