17 Apr 2013 | 04:52 pm |
Pinsent Masons has provided vendor due diligence and acted as legal advisor to Santander in connection with the provision of banking facilities totalling £15m to Reuse Glass, the UK's largest purchaser and recycler of glass.
Operating from its glass treatment plants in Knottingley, Doncaster, South Kirkby and Harlow, Reuse currently processes around 30 per cent of the UK market's requirements.
The Pinsent Masons team advising on the transaction comprised Peter Wood, Chris Watts and Phil Scott. Phil Scott said "We are very happy to have helped Santander put into place a new funding package for such a successful and fast growing business".
The new financing agreement will enable Reuse to upgrade two of its plants, in Knottingley and South Kirkby. The introduction of new hi-tech colour separating machinery will not only significantly improve efficiency, but will also increase the UK's overall production capacity for glass recycling.
Reuse was advised by Hamish Morrison and assistant director Matt Scott of BHP Corporate Finance.
Mark Wilson, CEO of Reuse Glass UK Ltd, said “We are delighted to have Santander as our banking partner...... we have achieved a funding structure that will enable the business to achieve its goals of business growth, brand development and enhanced customer service”.
Multinational law firm Pinsent Masons has hired Gillian Harrington to join the firm’s Aberdeen office as employment partner from 6 May.
Multinational law firm Pinsent Masons has hired corporate partner, Rachel Soundy, to join the firm’s Birmingham office.
Multinational law firm, Pinsent Masons LLP, has advised IGCF VI Euro, L.P. a sub-fund of Balbec Capital LP, a global alternative investment manager headquartered in the United States on its first European public securitisation in relation to the issuance of notes totalling EUR 392 million backed by a portfolio of reperforming Spanish mortgage loans, arranged by Goldman Sachs.
Multinational law firm Pinsent Masons has advised PetroVietnam Power on the funding of the US$1.4 billion Nhon Trach 3 and Nhon Trach 4 LNG-to-Power plants, which will be the first large-scale LNG plants in Vietnam.
Multinational law firm Pinsent Masons has appointed employment partner, Neil Black, as the new head of its Manchester office.
Multinational law firm Pinsent Masons has supported UK Finance in the establishment of a landmark commitment by the major retail banks to ensure the availability of core cash services across the UK.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]
