Overview
Lucy is a structured finance partner based in London. Her practice covers securitisation, asset-backed financing, performing and non-performing loan portfolio sales and real estate financings.
She is particularly focussed on the acquisition and financing of non-performing loan portfolios across Europe. She also regularly advises real estate lenders and credit funds on their structured financing needs, including creating back-leverage solutions in various forms (loan-on-loan, repackaging, repo programmes and other structured solutions) and the financing of granular portfolios of real estate assets.
Lucy has an active social finance and pro bono practice, with a particular interest in social impact bonds and other supra-national social financings.
Work Highlights
Lucy’s recent experience includes advising:
- the successful bidder on the acquisition and financing of the Helix 2 and Helix 3 portfolios of non-performing loans from Bank of Cyprus and the Starlight portfolio from Hellenic Bank in Cyprus
- a credit fund on the financing of a portfolio of NPLs across central and eastern Europe
- a financial sponsor on an innovative margin loan using senior leveraged facilities secured on pan-European NPLs as margin loan collateral
- Citi on the acquisition of c.£5bn of Northern Rock and Bradford & Bingley mortgage loans from UK Asset Resolution
- Cerberus on their £13bn acquisition of NRAM plc (the former Northern Rock mortgage business) from UK Asset Resolution and subsequent securitisations of these assets
- Gavi, the Vaccine Alliance on the establishment and structuring of the COVAX vaccine facility to deliver equitable access to COVID-19 vaccines worldwide
Country Of Admission