Banking & Finance

Whether you are funding growth, bringing in investors or reorganising your group, we help you put the right financing in place. We advise listed and private companies, fund managers, institutional lenders, public bodies and high net worth individuals on their corporate and investment finance. That covers everything from debt facilities and M&A to joint ventures and onshore and offshore vehicles.

Our services include:

• Corporate debt facilities

• Loan notes and director contributions

• Joint ventures, SPVs and other partnering arrangements

• Structured finance

• Acquisitions, investment finance, and group reorganisations.

We are the market leader in the delivery of legal and regulatory services to the health and care market. Our specialist healthcare finance team and its leaders are award winning for their work on transactions in both the public and private sector and advise some of the key lenders and providers in the market. We work closely with our corporate and property colleagues to provide the full spectrum of advice whether involving the funding of an acquisition, development or re-finance. We advise on a full range of operational and transactional matters across all the major sub-markets of independent health and social care including:

• Adult social care (elderly and specialist residential and supported living and community services)

• Children’s social care and specialist education

• Independent healthcare (primary, acute, diagnostics, and mental health)

• Digital health, med tech and life sciences

• Integrated retirement communities

Bevan Brittan has unrivalled experience advising government departments and councils nationwide over many years of regulatory change including both raising and defraying finance in the debt and capital markets, investment in energy, infrastructure and property schemes and acting as lender to other authorities, housing vehicles, registered providers and charities. We advise on the regulatory requirements of utilising and investing public funds, structuring schemes to ensure secured recoverable investment and partnering with private sector contractors, housing associations, charities and other unitary councils to deliver regeneration, infrastructure and energy schemes.

Key areas of advice to the public sector include:

• Compliance with CIPFA, PWLB and source finance requirements

• Forming and financing Council owned delivery vehicles and partnerships

• Third party finance and security analysis

• Raising and defrayal of finance from institutional investors, banks and in the capital markets

• Grant finance and on-lending

• Investment and revenue formation

• Subsidy control compliant lending

We have over two decades of experience advising on the formation, financing, delivery and operation of a range of infrastructure and development schemes in the health, housing, education, energy, transport, blue light and leisure sectors. We regularly advise central and local government on the creation of models for the delivery of these schemes and have advised Council’s, Trust’s, Contractors and Lenders on projects using a variety of structures including PFI, BSF, LIFT, Scots NFP and most recently in relation to Welsh MIM projects.

Our finance team works closely with a large group of wider specialist project lawyers on a variety of schemes at all stages including:

• Formation of new partnership structures

• Procurement and formation

• Pathfinder projects

• Operational delivery and dispute

• Variation, reorganisation refinancing

• Expiry and handback

Our Real Estate finance team regularly advice a mixture of borrower, lender, investment and development companies on mixed-used and residential developments, retail and commercial spaces, healthcare and major regeneration schemes. Whether acting for a corporate borrower to raise development finance for residential or commercial properties or for a lender to provide secured mortgages, our highly skilled finance team work closely with construction, corporate and property colleagues and use their collective market insight and experience to provide the appropriate level of support to deliver an exceptional service to our real estate clients.

Examples of the work we advise on include:

• Acquisition and Investment funding

• Development and stabilisation facilities

• Residential and commercial portfolio funding

• Managing real estate assets

• Secured and unsecured lending structures

• Forward funding arrangements

• Disposal and asset rationalisation

As one of the UK’s leading housing firms, we have excellent market knowledge and are uniquely placed to work in partnership with housing associations, funders, institutional investors, local authorities, central government and the NHS. The housing sector continues to change, and our Housing sector lawyers are at the vanguard, working in collaboration with colleagues and clients to help drive that growth and evolution and to access the funding necessary to support clients to achieve their goals.

Services includes:

• Large and complex bank funding

• Capital market finance including public bonds, private placements and EMTN programmes

• Development finance

• Joint ventures

• Mergers & group structure advice

• Charging

Our banking & finance team advises on sustainable finance, ESG-linked funding, green lending and impact investment schemes. We act for lenders and borrowers on sustainability-linked loans, green bonds, social loans and finance frameworks. Our team also advises on disclosure and reporting requirements, output-based lending structures and funding arrangements supporting infrastructure, zero-carbon, renewable energy and housing retrofit projects.

Our services include:

• Sustainability linked loans and bonds

• Green / social loans and bonds.

• Impact Investment

• Net Zero Transition Finance

• Renewables Finance and Structuring

• Sustainable finance frameworks

• ESG related disclosures and taxonomies, including SFDR (Sustainable Finance Disclosure Regulation) and TCFD (Task Force on Climate-Related Financial Disclosures)

When trading or funding comes under pressure, acting early keeps options open. We advise borrowers, sponsors and lenders on renegotiating existing debt before formal insolvency becomes necessary. That means securing liquidity, resetting covenants and agreeing terms that keep the business trading and protect its value. We work alongside our insolvency and tax colleagues, so clients get coordinated advice quickly.

Our experience includes:

• Covenant waivers, resets and facility extensions

• Rescue and bridge financing

• Standstill and forbearance arrangements

• Distressed refinancings and debt restructurings

• Financing aspects of going-concern disposals