BURGES SALMON LLP Non-complex Finance How we can help you We have the expertise to handle complex and non-complex financing transactions for clients on both a UK and cross-jurisdictional basis. We act for clearing and investment banks, debt funds and other alternative lenders alongside numerous PLCs and large corporate clients around the world. We take pride in the quality of our service, offering clear, effective solutions to our clients. By working collaboratively with experts from across the firm – including corporate, real estate and tax – we are able to tailor our service to each client and respond quickly to queries on all aspects of banking law. Through our work acting for both lenders and borrowers, we have developed valuable insight into the commercial issues for both sides – we are able to view complex banking law issues from all perspectives. Our expertise includes: • Asset backed lending • Corporate and private banking • Debt capital markets and securitisations. • Derivatives • Food and farming finance • Islamic finance • Leveraged finance • Project finance • Real estate finance • Regulatory advice • Restructuring and insolvency. Case studies C & J Clarks Acting for the British-based, international shoe retailer on the restructuring of its debt facilities which was effected alongside (i) a £100m equity investment made by LionRock, (ii) the implementation of a CVA (to restructure the group’s leasehold retail store portfolio) and (iii) an internal group reorganisation. The debt facilities are for significant amounts and comprise a syndicated RCF, various ancillary facilities and senior secured notes. The pension scheme also played a key role in the transaction because the scheme, with a buy-out deficit of +/-£200m, would be the group’s largest unsecured creditor. The Pensions Regulator and the PPF were closely involved by the pension trustees from the start of the process. Eden Geothermal Project Providing a wide range of legal advice to the financial sponsor of the landmark. Led by the firm’s Banking team, the firm has advised on the corporate arrangements, the interface between the institutional funding and the public funding and associated state aid advice, the proposed project documentation approach and the land arrangements. The firm’s teams played a key role in structuring and negotiating bespoke arrangements with the government to unlock the public funding for the project. National Express Working with the Treasury team for many years on a raft of different debt financings totalling over £1bn and various hedging products. More recently we have been advising them on Covid-related waivers and amendments to their financing documents. Back to contents Back to contents 18
BURGES SALMON LLP Outsourcing How we can help you Our outsourcing lawyers provide end-to-end, strategic outsourcing advice for all types of on and offshore business processes. Our experience of working for both users and vendors of outsourcing services gives us an understanding of the pressures faced by clients on both sides of the table. From IT, telecoms, HR, accounting and finance to payroll, claims processing, customer care, asset management, marketing, and training, we cover all types of outsourcing projects. We provide expert guidance to our clients, whether they are outsourcing for the first time or are seeking to renew or replace an existing contract. Our outsourcing lawyers work as part of the client team in the competitive tendering process and our advice covers the entire lifecycle of an outsourcing project; from transition planning and statements of work to post- completion support and exit management. Our expertise includes: • Business transformation (including in relation to complex facilities management) • Global sourcing solutions • Teaming agreements • Partnering agreements • Contribution and secondment mechanisms • UK Economic Interest Group agreements • Partnership agreements (limited and unlimited) • Corporate investments • Joint ventures (including contractual joint ventures) • Mergers and acquisitions. Case studies Department for Education Advising on the creation of Alternative Delivery Models that deliver children’s social care services on behalf of failing Councils (Doncaster, Slough and Sandwell) pursuant to Statutory Directions. Foreign, Commonwealth & Development Office Advising on the flagship procurement of a dynamic purchasing system for global facilities management across its estate (including embassies, Official Residences and other properties) and individual procurements for Asia Pacific, Europe and the UK estate. Welsh Water Advising on the outsourcing of its new integrated customer contact centre and desktop platform. We advised from the outset, starting with the tender and throughout the subsequent negotiations with tech vendor Infosys. Department for Environment, Food & Rural Affairs Advising on the regulated procurement and bespoke NEC4 FM contract (a call-off under CCS Framework RM6232) for DEFRA’s WP&FM24 programme, a longterm, high-value (c£770m) programme to deliver FM services across assets with widely differing needs, some of which support critical risk management infrastructure of national importance. Foreign, Commonwealth & Development Office Advising on outsourcing arrangements with a private sector entity and with CCS to facilitate the repatriation of UK citizens abroad as a consequence of COVID-19. Back to contents Back to contents 19
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