The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Pinsent Masons and SJ Berwin have secured the mandates on AIM-listed healthcare company CareTech Holdings’ £165m debt refinancing.
SJ Berwin finance partner Stuart Brinkworth advised the three joint mandated lead arrangers on the deal. These included longstanding client RBS, new client Santander UK and Lloyds Banking Group.
Finance partner Martin Bishop advised the Pinsents team acting for CareTech.
The deal marked the first time the City firm had acted for both Santander and the healthcare arm of Lloyds Banking Group.
The fact that a £165m debt package could get away with a club of just three lenders is a positive sign for the market, according to Brinkworth.
“It’s a good indication that banks are willing to lend large amounts to quality borrowers,” he said. “There’s still a flight to quality so they’re more confident lending to a listed company.”
The latest deal comes just a month after Brinkworth led a team advising RBS, Lloyds and Allied Irish Bank on private equity house Bridgepoint’s £281m offer for independent health and social care provider Care UK.
Advisers on the previous deal included Clifford Chance for Bridgepoint and Hammonds for Care UK.