18 Feb 2014 | 03:01 pm |
International law firm Pinsent Masons has advised European Investment Bank (EIB) on a £350 million debt facility for housing association Sanctuary Group. The agreement will help finance Sanctuary’s development programme involving the construction and renovation of over 20,000 homes across the UK.
Formed in 1969, Sanctuary Group manages more than 96,000 homes across England and Scotland, providing general rented, sheltered and home ownership accommodation.
The Pinsent Masons team advising EIB on the deal was led by banking partner Edward Sunderland, assisted by senior associate Esther Parkes, solicitor Seána Donaghy and property partner Stephen Brown.
Commenting on the deal Edward Sunderland said:
"We were delighted to assist the EIB on this landmark deal, the first direct lending that EIB has done within the social housing sector for over 12 years. This significant investment by EIB will greatly assist the UK economy, allowing Sanctuary to continue developing its national housing stock, and we were pleased that EIB were able to rely on our market leading social housing finance expertise to help deliver this."
Pierre-Emmanuel Noel, leading the deal for EIB, said: “We were very pleased to have the continuous expert support of Pinsent Masons to get this complex housing deal across the line within a short period of time”
Multinational law firm Pinsent Masons has advised DCC Energy, a division of leading international sales, marketing and support services group DCC plc, on the acquisition of WIRSOL Roof Solutions (WIRSOL), a provider of photovoltaic (PV) and battery storage systems.
Multinational law firm Pinsent Masons has advised M Group Services, the leading provider of essential infrastructure services in the UK and Ireland, on its sale to private equity house CVC.
Multinational law firm Pinsent Masons’ partner Sylvia Tonova and senior associate Chloé De Jager have been appointed as Members of the ICC International Court of Arbitration, as representatives for Bulgaria and South Africa respectively. Both new appointments are for a three-year term set to commence on 1 July 2024.
Multinational law firm Pinsent Masons has advised Photon Energy N.V. and Bankhaus Scheich Wertpapierspezialist AG on the issuance of EUR 55m 6.50% GREEN bonds due 2027.
With national lockdown commencing, financial services experts foresee a continued step-change in support offered to customers grappling with mental health concerns as banks continue to ramp up measures to help consumers manage pressure on finances prompted by the pandemic.
Multinational law firm Pinsent Masons has advised Basingstoke and Deane Borough Council and Hampshire County Council on a public-private partnership which will see the development of at least 3,500 homes in Manydown garden community in Basingstoke, Hampshire.
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