Global Finance Asset-backed securities and derivatives Collateralized loan obligations Commercial mortgage-backed securities Commercial real estate finance Fund finance Leveraged finance Life sciences finance Residential mortgage finance Special situations d
Clients turn to Dechert for practical commercial judgment across regions and requirements. We provide wide-ranging services for complex financings with a focus on sophisticated and efficient deal structuring and execution. Our global finance team advises on corporate finance, leveraged finance, real estate finance, structured finance and securitization matters. By tapping into the breadth of Dechert s expertise including tax, ERISA, investment company matters, securities, derivatives and bank regulatory matters we deliver comprehensive solutions for all of your finance needs. 2,000+ FINANCE TRANSACTIONS IN THE PAST TWO YEARS 130+ FINANCE LAWYERS WORLDWIDE 40+ COUNTRIES WHERE WE HAVE FINANCE EXPERIENCE 1 SEAMLESS PRACTICE Attorney advertising. Prior results do not guarantee a similar outcome. 2
A globally recognized leader Named Law Firm of the Year Americas in the PDI Awards for Dechert s outstanding work on a host of transactions and financings. PRIVATE DEBT INVESTOR 2017 Ranked nationally in the U.S. for Capital Markets: Securitization and as a leading firm in London for Securitisation. CHAMBERS AND PARTNERS 2006-2017 Ranked for Commercial Lending: Advice to Borrowers and Advice to Lenders and Real Estate Law in the U.S., and for Real Estate Finance and Securitisation in London. THE LEGAL 500 2015-2017 Ranked in the U.S. for Banking and Finance Law. IFLR1000 2017 One of only two firms in 2016 named a top 10 most innovative law firm in both Europe and North America. FINANCIAL TIMES 2016 Named Best Law Firm for CLOs. GLOBALCAPITAL SECURITIZATION AWARDS 2014-2017 3
A full range of financing capabilities Asset-backed securities and derivatives Dechert has extensive experience advising clients on large, complex securitization and structured finance transactions across a wide variety of asset classes and complex securitization structures. Consumer assets Derivatives Esoterics Risk retention Trade and equipment receivables Warehouse, repo and term financing Collateralized loan obligation (CLOs) and loan securitization With Dechert s broad experience we have earned a market-leading position in the representation of issuers, placement agents, collateral managers and equity investors in CLO transactions. In addition to CLOs, we assist asset managers seeking to finance their loan origination activity using bank leverage and securitization technology. Arbitrage CLOs Balance sheet CLOs Collateralized debt obligation Middle-market CLOs Risk retention capital formation Commercial mortgage-backed securities (CMBS) Dechert s team has been involved in the bulk of CMBS ever issued. We advise issuers, underwriters, collateral managers, IG and B-piece investors in CMBS, CDOs/CLOs, Re-REMICs, NPLs and other alternate securitized structures involving commercial real estate and residential mortgages. B-piece and investors Conduits, floaters and CRE CLOs Issuer and underwriter Risk retention Servicing Workout and restructuring 4
Commercial real estate finance Dechert is a leader in commercial real estate finance. We represent clients on the purchase and sale of commercial real estate debt products. We also have extensive experience advising clients on the origination of the commercial real estate loans that occur prior to purchase/sale and throughout the full life cycle of commercial real estate loans after origination. Construction finance Mezzanine and B-notes finance Mortgage finance Warehouse and repos Fund finance Dechert advises clients on all aspects of funds finance, including providing financial institutions, alternative lenders and asset managers with input on debt and leverage issues at the time of fund formation and downstream structuring and transactions. We deliver effective deal structuring and execution, drawing on a deep understanding of fund structures and the financing options available to fund entities. ABL, term and structured term facilities Redemption facilities Repos/ derivatives Subscription finance Subscription/ capital call facilities Leveraged finance With experienced finance lawyers in the U.S., Europe, the Middle East and Asia, Dechert represents a broad spectrum of asset managers, private equity sponsors and lenders, including banks and alternative capital providers, in a wide range of domestic and cross-border financing transactions and debt restructurings. Financing to and by alternative capital providers Financing to and by private equity and other investment funds Private equity/ acquisition finance Strategics/ corporate finance 5
A full range of financing capabilities Life sciences finance As part of Dechert s market-leading life sciences industry group, our global finance lawyers advise on the full range of finance transactions on behalf of new and established life sciences companies. We work closely with these companies to capture and structure the capital they need to support the long development and commercialization process, ranging from early-stage venture financings and venture debt to more innovative transactions such as royalty monetization and drug development financing strategies used to accelerate growth and to manage balance sheet risk. We also have experience advising both companies and lenders on a wide range of convertible, senior debt, acquisition-related and other life sciences industry financing transactions. Convertibles Drug development financing Royalty monetizations Senior debt Venture debt Residential mortgage finance Dechert is at the forefront of residential mortgage loan acquisitions, servicing and residential mortgage-backed securities (RMBS). Our lawyers have represented issuers, underwriters, servicers and investors in post-credit crisis RMBS transactions. Dechert represents both buyers and sellers of pools of performing mortgage loans, non-performing mortgage loans and REO. As counsel to mortgage servicers, Dechert advises on a wide variety of matters, including compliance with Regulation AB requirements and the establishment of procedures necessary to comply with securitization servicing standards. Structuring for Issuer and underwriter Mortgage loans Servicing hedge fund and private equity investors Warehouse and repo financing 6
Special situations Dechert s integrated, cross-practice approach to special situations allows us to provide exceptional finance, corporate, funds/ regulatory and commercial litigation advice to our distressed debt fund clients in workouts and in recovery and transactional risk assessments. Debt recovery and Consensual restructurings/ workouts Equity structures Funds and regulatory expertise Commercial litigation transactional risk assessments for trading and arbitrage opportunities Additional capabilities Bankruptcy CTL finance Equipment financing International and domestic tax Investment company-related finance Project financing 7
Representative clients Asset-backed lenders Bank of America Barclays Citigroup Credit Suisse Guggenheim Perella Weinberg Rabobank CRE funds Aberdeen Annaly Ares BlackRock Blackstone CommerzReal Ellington First Key B-Piece buyers/investors Blackstone CBRE Ellington Elliott Capital KKR Prima Capital CRE issuers A10 Capital Ares Bancorp Bank of America CCRE Citibank Resource America BDCs CRE lenders Alcentra Capital Corporation Corporate Capital Trust I and II Crescent Capital BDC FS Investment Corporation Goldman Sachs BDC Golub Capital PennantPark Barclays Bank of America Citigroup Goldman Sachs Macquarie Bank MetLife Morgan Stanley CLO bankers and sponsors Apollo Crescent Capital Golub Capital Guggenheim Morgan Stanley Octagon CRE underwriters Barclays Bank of America CCRE Citibank Credit Suisse Goldman Sachs Wells Fargo 8
Distressed debt funds Elliott Advisors Rimrock Alternative Capital Aurelius Capital Management Q Investments Monarch Alternative Capital Stonehill Capital King Street Capital Management Public and private funds Alliance Bernstein Apollo Crescent Capital KKR Income Opportunities Fund Providence Equity TIAA Leveraged finance lenders Ares Credit Suisse Fifth Street GarMark Partners ING Main Street Capital Prospect Capital Sumitomo THL Credit, Inc. Servicers (master and special) Berkadia Blackstone CBRE Capital Partners Midland Life sciences companies Celgene Corporation Edge Therapeutics Egalet Forward Pharma Johnson & Johnson Lysogene Progenics Pharmaceuticals Zealand Pharma Warehouse lenders Bank of America Barclays Citi Goldman Sachs Macquarie Bank Wells Fargo Private equity firms Bregal Partners Centre Partners Management Court Square Capital Partners GIC Graham Partners Mid Europa Partners One Equity Partners Sterling Investment Partners 9
A diverse client base Our global finance group is the choice of market makers for innovative structures, creative financing strategies and complex transactions. Life insurance companies Private equity sponsors and hedge funds Real estate funds Debt funds Money center and commercial banks Distressed debt funds Life sciences companies REITs Pension vehicles Business development companies (BDCs) Sovereign entities Investment trusts (UK) Other alternative capital providers Other permanent capital vehicles 10
Advising clients around the world As part of a global law firm with offices throughout the United States, Europe, Asia and the Middle East, Dechert s global finance practice provides comprehensive services to our clients wherever they do business. About Dechert Dechert is a global law firm focused on sectors with the greatest complexities and highest regulatory demands. We deliver practical commercial insight and judgment to our clients most important matters. Nothing stands in the way of giving clients the best of the firm s entrepreneurial energy and seamless collaboration.
09.07.17 dechert.com