Expertise
"Outstanding. The firm has helped us to overcome a great number of challenges. The relationship with the team is great, and the expertise provided is excellent."
Chambers Europe
Matheson has a market leading practice in relation to structuring and documenting receivables finance transactions of all kinds. We work with both providers of finance and entities seeking to raise finance in relation to receivables purchase transactions with a view to achieving off balance sheet treatment under applicable rules. We also work on invoice discounting transactions on a regular basis and work with many of the leading providers of invoice discounting finance on their template documents. We also have extensive experience in relation to working on structures that do not involve outright sales (such as sub-participation structures and similar arrangements). We also work regularly with providers of supply chain finance solutions in the Irish market. We have extensive experience in relation to receivables securitisation of all kinds whether involving one off securitisation transactions or transactions involving the use of established receivables purchase programmes.
Our Team
Representative transactions include:
- Advising on the bid / acquisition side of some of the largest loan portfolio disposals in the Irish market in recent years (and associated securitisations).
- Acting as lead transaction counsel to the Irish branch of an international financial institution in respect of the sale by it of a portfolio of non-performing residential mortgages with a par value of in excess of €300 million - the portfolio also comprised unsecured debt products such as credit card and overdrafts.
- Acting as lead transaction counsel to the Irish branch of an international financial institution in respect of the sale by it of a portfolio comprising a mixture of performing SME, CRE, agricultural and residential loans and related collateral with a combined par value of in excess of €500 million.
- Acting for a number of purchasers in relation to the acquisition of buy-to-let loans, home loans and other loans from the liquidators of an Irish financial institution.
- Acting in relation to the acquisition of residential mortgage portfolios originated by Irish banks and building societies.
- Advising an international fund in its acquisition of a non-performing Irish and UK real estate loan portfolio from a UK financial institution.
- Advising a joint venture investment vehicle on its acquisition of a book of approximately 16,000 performing consumer loans based in Spain.
- Advising a foreign non-banking institution on the acquisition of a portfolio of Greek distressed consumer receivables.
- Acting for an international investment bank on its acquisition (and financing) of a UK portfolio of performing commercial mortgages from a domestic Irish bank with a face value of more than £1 billion.
- Acting in respect of the financing by an international investment bank of the acquisition of an Irish portfolio of non-performing and sub-performing residential mortgages originated by an Irish mortgage lender.
- Advising a domestic Irish bank on the disposal of an Irish portfolio of commercial, buy-to-let and residential mortgage loans.
- Acting for an Irish credit institution in the sale of an Irish consumer loan portfolio to a new entrant in the credit card market.