Next Generation Partners: Capital Markets: Equity

Rising Stars: Capital Markets: Equity

Capital markets in Ireland

A&L Goodbody LLP

A&L Goodbody LLP has a fine record in handling equity and debt capital markets transactions. Key areas of instruction include high-value debt transactions and structured finance matters, and the department has seen an increase in matters involving private equity and hedge fund-linked structuring. The firm is also at the forefront of residential mortgage-backed securities (RMBS) transactions. Peter Walker heads up the debt capital markets (DCM) and structured finance group, in which Ciarán Rogers, Adrian Burke and Jack Sheehy stand out as key practitioners, and is home to emerging talents Sinead O’Connor and Michelle Daly. The equity capital markets (ECM) group is led by Paul White, and is often instructed in work involving initial public offerings (IPOs) and Irish businesses listing and raising capital on the New York Stock Exchange (NYSE). Charles Carroll is a key name for equity matters, and Jennie Quirke is ‘very diligent and responsive‘. Eoin Shiel has joined the equity capital markets group.

Responsables de la pratique:

Peter Walker; Paul White


Autres avocats clés:

Ciarán Rogers; Sinéad O’Connor; Adrian Burke; Peter Murray; Jack Sheehy; Charlie Carroll; Alan Casey; Ronan Lyons; Michelle Daly; Eugenée Mulhern; Deirdre Geraghty; Jennie Quirke; Eoin Shiel


Les références

‘Best in class on loan sales and securitisations.’

‘The team always deliver. We like their approach of talking us through their advice directly to allow us to ask questions and truly understand the advice before following up with detailed notes that we can then refer back to. The team is stable and we have had the same contacts for some years now which enhances our experience and comfort levels with the team who know us really well at this stage.’

‘Jennie Quirke is very diligent and responsive. If we miss each other, she always follows up and makes sure we have what we need. Paul White and Charlie Carroll are also extremely knowledgeable and able to provide efficient advices.’

Principaux clients

Prothena Corporation plc


RVL Pharmaceuticals plc


Cairn Homes plc


Glenveagh Properties Plc


Corre Energy BV


Malin Corporation plc


Oneview Healthcare plc


Perrigo Company plc


Jefferies LLC


Glantus Holdings plc


Principaux dossiers


  • Advised Permanent TSB and Fastnet Securities on a securitisation structure matter.
  • Acted as Irish counsel to the issuer and joint investment managers on the establishment of a multi-currency gold-backed ETC programme governed by Irish law and approved by the Central Bank of Ireland.
  • Acted as lead counsel to the Bank of Ireland on its disposal of an Irish non-performing loan portfolio with an approximate value of €800m.

Arthur Cox

Arthur Cox's broad practice takes in debt capital markets, structured finance and securitisation work; CLOs are another established area of expertise for the firm. Cormac KissaneAiden Small and Glenn Butt are leading figures in debt matters, while Phil Cody focuses on derivatives work and Peter Murphy is 'a real star' in the space. On the equity side, the firm is well known for its strength in advising on IPOs and listed company restructurings, and has been handling an increased number of de-SPAC transactions. Maura McLaughlin, Cian McCourt, Stephen Ranalow and David Vos are key partners in the equity space, and of counsel Sinéad Crowley 'inspires confidence and manages transactions with impressive skill'.

Responsables de la pratique:

Aiden Small; Cian McCourt


Autres avocats clés:

Cormac Kissane; Glenn Butt; Phil Cody; Maura McLaughlin; Stephen Ranalow; Chris McLaughlin; David Vos; Aisling Kelly; Conor McCarthy; Sinéad Crowley; Peter Murphy; Brendan Kennedy


Les références

‘I deal mainly with Phil Cody. He is an excellent lawyer, highly responsive and very creative in his solutions to complex legal and regulatory matters. We recently completed a large intercompany transaction and without his input and expertise it would have taken a lot longer to execute which would have presented a huge opportunity cost to my firm. A superb performance.’

‘Best in class equity capital markets and securitisation expertise with deep teams of knowledge and experience.’

‘Peter Murphy is a real star. Super smart. Great to work with. Really understands the deals and provides timely and commercial input. I would recommend him to anyone. ’

Principaux clients

Goldman Sachs


Morgan Stanley


Citigroup


Bank of America


Credit Suisse


Bank of Ireland


Lone Star


CarVal


M&G


KKR


Blackstone


Partners Group


DWS International


Carlyle


Oaktree Capital Management (Credit)


Alcentra


ADS-TEC Energy plc


Alkermes plc


Allegion plc


Angel Pond


Applegreen plc


Avadel Pharmaceuticals plc


Bank of Ireland plc


Brookfield Asset Management


Beyond Air, Inc.


Concord Acquisition Corp.


Cowen Inc.


CRH plc


Dole plc


Eaton Corporation


European Sustainable Growth Acquisition Corp.


Flutter Entertainment plc


Fusion Fuel Green plc


Glanbia plc


Grafton Group plc


Greencore Group plc


Kerry Group plc


Jeffries, LLC


Johnson Controls International plc


Linde plc


Live Oak Acquisition Corp. II


Mallinckrodt plc


Medtronic plc


nVent Electric plc


Pentair plc


Seagate Technology plc


Strongbridge Biopharma plc


Trane Technologies plc


Matheson LLP

Matheson LLP is a leading firm in the DCM, structured finance and securitisation arena, with an excellent track record in advising on several headline matters in the debt capital markets space. Turlough Galvin is a key figure in DCM work; other key names include Richard KellyWilliam Foot and CLO expert Christian Donagh, who also handles structured finance, securitisation and repackaging programmes. Micheál Buckley is also singled out for his expertise in the DCM arena. On the ECM side, the department continues to handle a steady workflow of transactions, and is particularly well known for its expertise in de-SPAC transactions. George BradyDavid Jones, Fergus Bolster, and David Fitzgibbon are key partners in equity matters. Eoin Shiel and Niamh Sheerin have left the firm.

Responsables de la pratique:

David Fitzgibbon; Turlough Galvin


Autres avocats clés:

Patrick Molloy; Christian Donagh; Fergus Bolster; George Brady; Richard Kelly; Madeline McDonnell; Susanne McMenamin; David Jones; William Foot; Micheál Buckley; Alan Keating; Caroline Kearns; Alan Bunbury


Les références

‘ The practice is unique in how it aligns with the in-house team here. They are always looking ahead, not just at issues raised specifically with them. ’

‘Caroline Kearns is a stand out lawyer. Caroline looks beyond the issues raised to identify and address risks other than those raised specifically. Very safe hands. ’

‘Hugely knowledgeable and responsive team for Irish law securitisation vehicles and capital markets. Go to firm and team in Ireland.’

Principaux clients

Aegon Asset Management


Albacore Capital LLP


Alantra Corporate Portfolio Advisors, S.L.


Ally Financial


Anchorage


Andbank


Ares Management


Arini Capital


Audax Group


Banco Santander


Barclays Bank


BlackRock


Blackstone Credit


Cerberus


Chenavari


Citibank


Credit Suisse


Dell Bank


Deutsche Bank


Fidelity


Funding Circle


Goldman Sachs


Hayfin Capital Management


JPMorgan


Macquarie


Natixis


Oaktree


Onate


Sculptor Capital Management


Société Générale


Sound Point Capital Management


Stenn International


UBS


UniCredit


WisdomTree


Principaux dossiers


  • Acted for MariaDB in relation to a SPAC matter.
  • Advised ProKidney on an Up-C de-SPAC transaction.

McCann FitzGerald LLP

McCann FitzGerald LLP has a highly developed DCM practice, which is widely respected for its strength in handling covered bonds, green bonds, social bonds, securitisations, and OTC and exchange traded derivatives; the ‘highly impressiveJudith Lawless has established expertise in derivatives matters. Fergus GillenAdrian Farrell and Hugh Beattie have excellent reputations in DCM, securitisation and structured products, and Éamon Ó Cuív, who has returned to Dublin from the London office, garners praise for his ‘meticulous attention to detail‘. Sarah Pickering is a rising star in the debt capital markets space. ECM mandates remain prominent in the group’s workload, and David Byers and Stephen FitzSimons are key figures in equity deals. Gill Lohan is singled out for her expertise in IPOs. Aidan Lawlor and Conor O’Dwyer left the firm in 2024.

Responsables de la pratique:

Fergus Gillen; Stephen FitzSimons


Autres avocats clés:

Fergus Gillen; Adrian Farrell; Judith Lawless; Hugh Beattie; Éamon Ó Cuiv; David Byers; Gill Lohan; Sarah Pickering


Les références

‘The team assisted us with a large, strategically important project and were a fantastic support throughout. The team were responsive, well-organised and competitive on pricing.’

‘Fergus Gillen was a brilliant support to us. He was proactive and pragmatic. His advice was always clear, concise and commercially focussed.’

‘The team is very client focussed and knows our business really well – they really know what is and is not important commercially for us. We really value the continuity of of people over many years.’

Principaux clients

Debt Capital Markets


Allied Irish Banks p.l.c. /AIB Mortgage Bank


Andorra Bank Agricol Reig, SA (Andbank)


Barclays Bank PLC


Eaton Corporation and related companies


BNP Paribas


Morgan Stanley


Intesa Sanpaolo Bank Ireland p.l.c.


Prodigy Finance


Electricity Supply Board


Avenue Capital Management


Nomura International plc


International Swaps and Derivatives Association Inc.


Investcorp


Citibank


No Limit Capital LLP


Equity Capital Markets


Kingspan Group Plc


Kerry Group Plc


Kenmare Resources Plc


Greencoat Renewables Plc


C&C Group Plc


AIB Group Plc


Irish Residential Properties REIT Plc (I•RES REIT)


Datalex Plc


Hostelworld Group plc


Origin Enterprises Plc


Hammerson plc


Goldman Sachs


J&E Davy


Goodbody Stockbrokers


Trinseo PLC


Alkermes plc


Principaux dossiers


  • Acted as lead counsel to Deutsche Bank on the MBS of a portfolio.

Walkers

Walkers has a highly rated practice in CMBS and CLOs, and is also at the forefront of insurance linked securities (ILS) and catastrophe bonds. The department is also highly regarded for handling securitisations and significant risk transfer (SRT) issues. Andrew Traynor brings over 20 years of experience in structured finance and securitisation work, notably in risk transfer transactions and bank capital management matters. Ian McNamee is another key figure in securitisation work, and Noeleen Ruddy and Paddy Rath are singled out for their expertise in CLOs.

Responsables de la pratique:

Andrew Traynor; Noeleen Ruddy


Autres avocats clés:

Ian McNamee; Paddy Rath


Les références

‘Very knowledgeable, reliable, solid expertise, proactive in running independently with counter law firms.’

‘We regularly work with Walkers to advise on issues related to Irish counterparties, as well as for issues affecting an Irish affiliate of ours. Their ability to provide comprehensive, holistic, thoughtful and prompt advice is a distinguishing feature of their practice area.’

‘Andrew Traynor has regularly been the primary advisor we’ve turned to. He has been responsive, thoughtful, clear and commercial and it has led to a very helpful advisory relationship.’

Principaux clients

Acer Tree Investment Management


Accunia


Aeon CRE UK 1 Designated Activity Company


Albacore Capital LLP


Apex Corporate Trustees (UK) Limited


Apollo Management


Ares Capital Management


Avia Solutions Group


Banco Santander


Banco Santander Totta


Bank of America Merrill Lynch


Bank of America Europe DAC


Bank of America N.A.


Barclays Bank


Barings


Bench Walk Advisors


Bridgepoint Management


Cairn Loan Management


Citibank


Creditshelf AG


Deutsche Bank


Five Arrows (Rothschild)


Hertz Global Holdings Inc.


HSBC Bank plc


Principaux dossiers


  • Advised Standard Chartered Bank on a €1.5bn portfolio securitisation.
  • Assisted with over 20 CLO transactions, collectively valued at over €8bn.
  • Advised Volkswagen Financial Services on its first securitisation in the Polish market.

Maples Group

Maples Group's practice is 'market-leading in the structured finance and securitisation space in Ireland', and is equally strong in handling cross-border work in the capital markets space. The firm is widely recognised for its expertise in advising on CLOs, and the Dublin-based group is often instructed by US, UK, Irish and other EU managers on matters relating to CLO platforms. The department is also prolific in non-performing loan (NPL)-related issues, warehouse lending and repackaging programmes, and is well placed to advise global asset and specialist investment managers on creating specialist Irish SPV issuer platforms. Practice head Stephen McLoughlin brings extensive experience in handling CLOs, RMBS transactions, NPLs and repackaging programmes. Callaghan Kennedy has an excellent track record in assisting with asset-backed securitisations and CLOs.

Responsables de la pratique:

Stephen McLoughlin


Autres avocats clés:

Callaghan Kennedy


Les références

‘I’ve worked with Maples for a number of years. Compared to other counsel, they have a fantastic overview of the market and therefore are very helpful advising as to new local law matters and how the market is dealing with them, and they do this in an incredibly pragmatic fashion.’

‘Cal Kennedy is stand out – he is key in providing the above mentioned service, and always takes time to personally update on new matters.’

‘I think that Maples Group, considering both the legal and corporate services side, are the #1 choice in the industry and recommend/try to engage them on any transaction where such a party is needed. They know the landscape, regulations, are very competitive from a commercial perspective, and most importantly for these transactions are very timely.’

Principaux clients

CVC Credit Partners


Palmer Square Capital Management, LLC


Goldman Sachs International


TwentyFour Asset Management LLP


Waterfall Asset Management, LLC


Midcap Financial


Cabot Financial (UK) Limited


Transmission Finance DAC


Goldentree Asset Management


Principaux dossiers


  • Advised CVC Credit Partners on the CVC Cordatus Loan Fund XXVI.
  • Assisted Twenty Four Asset Management in relation to the UK RMBS Hops Hill No. 2 plc.
  • Advised Small Business Loan Origination Trust 2023-1 DAC on its UK STS-compliant SME ABS loans originated on the Funding Circle platform.

Mason Hayes & Curran LLP

Mason Hayes & Curran LLP continues to handle a steady workflow of DCM, structured finance and derivatives work. The department has seen an increase in structured finance matters, as well as in asset-backed securities and secured notes programmes. Daragh O’Shea, who heads up the DCM, structured finance and derivatives practice, 'stands out for his vast experience of debt finance generally and his methodical and proactive approach to problem-solving, and he brings commercial acumen and pragmatism in managing transactions and negotiations'. In the ECM space, led by the 'stand out capital markets partner' Justin McKenna, the group has a solid track record in handling equity deals and IPOs, notably advising Fulcrum Metals on its IPO on the AIM stock exchange. David Mangan left the firm in March 2023.

Responsables de la pratique:

Justin McKenna; Daragh O’Shea


Autres avocats clés:

Donna O’Leary; Eoin Traynor; Jamie MacDonald; Andrew Gill


Les références

‘Mason Hayes & Curran LLP comes highly recommended because of its professionalism, experience of working in and for private businesses and international financial institutions, commitment, efficiency, proactive approach and deep knowledge of financial instruments and regulatory requirements.’

‘All the MHP team is exceptional, still I would like to stress that Daragh O’Shea and Andrew Gill are always my preferred port of call – professionalism, quality, fast and proactive response and high work ethics.’

‘The team at MH&C listens to the client’s concerns and therefore accurately addresses the issue at hand. When the issue is complex and has many nuances, this is crucial. The team is very responsive, accurate and dependable. The quality of the legal analysis goes without saying. ’

Principaux clients

MM Capital Limited and Elgin Property Limited


Davy Stockbrokers


J&E Davy


Fulcrum Mining


Normax Ltd.


CIX Capital International DAC


Berenberg


Longspur


Principaux dossiers


  • Advised Fulcrum Metals on its IPO.

William Fry LLP

William Fry LLP continues to demonstrate its standing in ECM deals. The team often acts for issuers and underwriters in a range of matters, including advising on accelerated book-build placings and equity transactions. The firm is also home to a solid DCM and structured finance group, which has been kept busy advising on green bonds and social bonds. Mark Talbot and Myra Garrett are very highly regarded ECM specialists, and David Maughan is an established practitioner in the DCM arena.

Responsables de la pratique:

Mark Talbot; Myra Garrett; David Maughan


Autres avocats clés:

Brian Butterwick


Les références

‘The team are very well prepared, accessible and come up with innovative solutions to issues which arise. They are easy to deal with and provide clear, comprehensive advice pitched at the right level.’

‘Mark Talbot is a pleasure to deal with, with a deep knowledge of the law and its application to our very specific situation. He provides excellent advice with a clear understanding of our requirements, and has an eye to future issues which may arise. Brian Butterwick is a quick and innovative thinker, identifying and resolving unforeseen issues as they arise.’

‘Myra Garrett and Mark Talbot are very capable.’

Principaux clients

DCC plc


Irish Residential Properties REIT plc


FINEOS Corporation Holdings plc


Smurfit Kappa Group plc


Ardagh Group


Mincon Group plc


Uniphar plc


Yew Grove REIT plc


T Stamp Inc.


Glenveagh Properties plc


Trinity Biotech plc


Conroy Gold and Natural Resources plc


J & E Davy


Veraison Capital AG


Jefferies International


Joh. Berenberg, Gossler & Co. KG


RBC Capital Markets plc


Irish Department of Finance


Goodbody Stockbrokers


Credit Suisse


Shard Capital Partners LLP


BlackRock


Pollen Street Capital


TowerBrook


Smurfit Kappa Group


BNP Paribas


J & E Davy


Credit Suisse


Allianz Global Investors GmbH


British Airways


Deutsche Bank


Lynk Capital Markets


LocalTapiola


auxmoney


Finance Ireland


Serone Capital Management


Dillon Eustace

At Dillon Eustace, the team continues to advise on note issuance programmes, often for financial services clients, as well as tax driven structured finance matters. Practice head Mark Thorne and Conor Keaveny are well known for their expertise in handling structured finance and securitisation mandates.

Responsables de la pratique:

Mark Thorne


Autres avocats clés:

Conor Keaveny; Keith Robinson; John-Hugh Colleran; Conor Kiernan


Principaux clients

Goldman Sachs


FBD Holdings plc


Deutsche Bank AG


Bond Central


AlphaNotes


Eversheds Sutherland

Eversheds Sutherland's team is best known for its strength in advising on ECM transactions, and also counts compliance issues and takeover matters as key drivers of work. The client base includes Goodbody Stockbrokers, a well known company in the Irish capital markets arena. Lee Murphy heads up the practice.

Responsables de la pratique:

Lee Murphy


Principaux clients

Cathay Securities Corporation


CyrusOne


Goodbody Stockbrokers UC


Investec Bank plc


FEXCO


Liberum Capital


Dublin Port Company


Cairn Homes plc


Hibernia REIT plc


Kingspan plc


Hanover Investors


AWG Holdings plc


Computershare


National Treasury Management Agency


Principaux dossiers


  • Acted for Goodbody Stockbrokers on a range of transactional and advisory matters, including capital markets advisory work.
  • Assisted Cathay Securities Corporation with the Irish law aspects of the Polaris Group’s IPO on the Taiwan stock exchange.

LK Shields Solicitors LLP

LK Shields Solicitors LLP continues to handle a steady workflow of note issuance programmes. The group has an established track record in assisting fund promoters with the structuring, establishing and listing of SPVs and funds for issuing debt. Practice head David Williams fields extensive expertise in securitisations, and David Naughton is well versed in advising on debt capital markets matters.

Responsables de la pratique:

David Naughton


Autres avocats clés:

David Williams


Principaux clients

Audacia Capital (Ireland) plc


Principaux dossiers


  • Advised Audacia Capital (Ireland) on the addition of a number of collateral obligors to the client’s multi-series secured notes programme listed on Irish and Austrian stock exchanges.
  • Assisted the client with the establishment of a section 110 special purpose vehicle for the issue of bonds.