Latest Briefings

FCA guidance on supporting customers impacted by coronavirus in the high-cost credit market

The FCA has announced a package of measures to help protect consumers in the high-cost credit (HCC) market. This guidance has been published alongside guidance for customers in the motor finance market and follows on from finalised guidance issued last week in relation to the protection of customers in the personal loan, credit card and overdraft markets.

Banking themes to expect in 2020

Despite the global economy stuttering following months of trade tensions and Brexit uncertainty, and the more recent impact of the global coronavirus pandemic, existing trends in the banking sector continue to march on. In this article, partners Paul Gair and Tim Waller and legal director Harry Parker, give their views on what we’re likely to see across three areas shaping banking at the start of this new decade.

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De Dietrich & Cie in euro480m million public-to-private. Senior debt: Natexis Banques Populaires, advised by Gide Loyrette Nouel (Eric Cartier-Millon). Mezzanine: Intermediate Capital Group, advised by Ashurst Morris Crisp (Laurent Mabilat, Jonathan Nabarro, Fabrice de la Morandiere). Sponsor: ABN Amro Investissement, advised by Jeantet & Associes.

FINANCE

Neath PFI waste management project completes. Lender: Bank of Scotland, advised by Norton Rose (Jon Ellis). Sponsor: HLC (Neath Port Talbot), advised by Winward Fearon (Adrian Luto). Public Body: Neath Port Talbot County Borough Council, advised by Eversheds, Cardiff (Eric Evans).

Bookham Technology

Bookham Technology in secondary offering. Issuer: Bookham Technology, advised by Brobeck Hale and Dorr (Joe Pillman). Lead manager: Goldman Sachs, advised by Sullivan & Cromwell on US law (Cathy Campbell), Slaughter and May on UK law (William Underhill).

Syndicated Zone

After sailing through the turbulance at Lloyd’s, managing agent Brockbank is opting for change. Fiona Callister finds out why 250 law firm advisors are to be cut to 50 Lloyd’s of London managing agency Brockbank had the good fortune to sail through the Lloyd’s disaster relatively unscathed. The agency, a subsidiary of Bermuda-based XL Capital, […]

Dennis Publishing

Dennis Publishing/Maxim takes equity stake in Firebox.com in return for promotion; Firebox to raise £1m through direct public offering. Firebox.com advised by Berwin Leighton (Daniel Rosenberg). Dennis Publishing advised by Simons Muirhead & Burton (Simon Goldberg).

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