Mandeep Lotay

关于 Mandeep Lotay

Mandeep advises private capital funds, alternative asset managers, companies and financial institutions on credit opportunities and financing transactions.

Mandeep advises clients on credit opportunities across the entire credit spectrum and multiple jurisdictions including, Specifically, he is an expert on the aquisition and disposal of loan origination businesses as well as loan portfolios across Europe, including, Spain, Greece, Cyprus, Italy as well as the Netherlands and the UK.

Mandeep also advises on financing transactions including, full recourse asset-based lending, earnings based leverage finance and limited recourse securitisation / structured credit transactions.  This experience in asset as well as corporate based fixed income means that he often instructed to lead projects that have both features.  This multi-product skill means he is able to provide an integrated and efficient approach to deal design and execution.

近期项目经验

• A global asset management firm on the acquisition and financing of a (c. gbp 800m) UK unsecured consumer loan portfolio from a leading UK lender.  The transaction involved a leading US global financial institution acting as arranger and a syndicate of global investment banks providing the financing.

• A syndicate of global alternative asset managers on the (c. eur 4bn) disposal and secured financing of several buy-to-let mortgage loan portfolios, a series of publicly-rated asset-backed securities and other fixed income assets, to the alternative credit arm of a US based global investment manager.

• Klar Partners on the financing packaging support its investment in hallo, a leading European SME-focussed IT servicer provider, specifically unitranche acquisition financing facilities provided by Ares and Berenburg supported by a pan-European collateral package.

• Advising Alantra and Barclays Bank Plc as co-lead arrangers on the securitisation of a c.€2.2 billion portfolio composed mainly of residential non-performing exposures acquired by Oxalis from the National Bank of Cyprus, a fund managed by one of the largest fixed income asset managers PIMCO (Project Hera).  The transaction is the first rated NPL public securitisation executed in Cyprus.
• A global alternative asset manager in relation to a Greek NPL securitisation to support the acquisition by a syndicate of global asset managers of a portfolio of Greek non-performing secured SME loans from the National Bank of Greece (Project Symbol).
• RNHB B.V. on its acquisition of a commercial real estate loan portfolio purchased from a fund managed by Syntrus Achmea Real Estate & Finance (Project Trident).  RNHB is a speciality commercial real estate lender based in the Netherlands and is owned by a consortium of global alternative asset managers. This included advising on the auction, fund and asset acquisition, equity structuring, several financings made available by multiple groups of leading international lenders to fund the acquisition, and all regulatory aspects.    
• WorldRemit, a global digital payment transfers group, in several cross-border acquisition financing arrangements to support its acquisition of US based, SendWave International Remittance, another international digital payments provider, with a presence in the US, UK and Africa.  The project involved the venture and growth divisions of the US West Coast based credit funds as well as a UK based technology speciality lender.
• A global asset manager on the acquisition, servicing and cross-border financing arrangements in relation to a portfolio of Spanish reperforming mortgage loans acquired from a Spanish financial institution (Project Eume).
• RNHB B.V. on its acquisition of a commercial real estate loan portfolio purchased from FGH Bank NV, a real estate bank specialising in commercial real estate financing (Project Purple).  This included advising on the auction, corporate acquisition, equity structuring, financing made available by leading international lenders to fund the acquisition and regulatory aspects.  He also advised RNHB on a several refinancings of the acquisition debt, including, a capital markets transaction involving the issuance of listed and rated asset-backed securities.
• A leading alternative investment fund on the acquisition financing of a portfolio of Spanish distressed real estate assets purchased from a Spanish financial institution.  
• RNHB on the acquisition of a Dutch commercial real estate portfolio from Propertize, a portfolio company of Lonestar, and related acquisition financing under facilities made available by HSBC (Project Dome).  RNHB is owned by a consortium between (a) funds managed by CarVal Investors and (b) Arrow Global Plc.  
• Goldman Sachs on their multi-jurisdictional leveraged buy-out of the pan-European bakery group, Continental Bakeries, from NPM Capital and subsequent debt repricing.
• Endemol Shine Group, a leading scripted and non-scripted production company owned by Apollo and 21st Century Fox, on several of its multi-jurisdictional financings, including, its leveraged financing facilities provided by an international syndicate and the monetisation of various media related revenues.  
• Commerzbank and Bank of Ireland on underwritten TLB leveraged financing to support the acquisition of the Vermaat Group by Partners Group and subsequent refinancing and debt-repricing.
• Channel Capital, as arranger, and several non-European banks on a multi-jurisdictional (including, Armenia, PRC, Hong Kong, India and the UAE) trade receivables and inventory securitisation for Rosy Blue, a leading producer of diamonds.
• Deutsche Bank, Rabobank, ABN AMRO on the refinancing of unitranche facilities supporting a leveraged financing of the acquisition of the SK Fire Safety Group by Apax Partners.
• Goldman Sachs on the financing of a newly established Dutch residential mortgage loan forward flow origination platform by Dynamic Credit (Elan)
• The Royal Bank of Scotland (RBS) on the financing of the acquisition by an equity consortium (led by Venn Partners, together with Siem Capital and KKR) of the Dutch residential mortgage origination business of GE Bank Artesia. He also advised RBS on a subsequent rated and listed capital markets refinancing of the initial acquisition debt, and establishment of additional forward flow origination warehouse funding platform.
• Morgan Stanley (MS) on the acquisition, financing, sale and capital markets refinancing of a portfolio of Dutch non-conforming residential mortgage loans. MS acquired the loan portfolio from an existing securitisation SPV and refinanced the acquisition through a rated and listed Dutch residential mortgage backed securitisation.
• JPMorgan on several Dutch RMBS transactions including regulatory capital relief transactions.
• AEX listed Dutch insurer, NN Group (NN) on various financing arrangements of its c. eur 2.5bn public takeover of the Benelux listed financial institution, Delta Lloyd. This included (a) advising NN on acquisition finance facilities arranged by ING, Citibank, JP Morgan and Morgan Stanley (b) advising NN on the issue of debt under their corporate debt issuance programme arranged by JP Morgan (c) advising NN on the restructuring of their corporate facilities arranged by several global financial institutions, in each case, to support the takeover of Delta Lloyd, on a certain funds basis.