Shepherd and Wedderburn banking team enjoys strong year with £93.4bn worth of deals

It was a successful year for the banking and finance practice of Scottish law firm Shepherd and Wedderburn with a total of £93.4bn worth of deals.

According to its recently published Banking Deals Review 2016-17, the firm’s specialist team of finance lawyers have worked on 144 deals in total.

Highlights included acting on three separate Towd Point-Granite securitisations with a total value of £7bn. This was in relation to the Neptune portfolio of Northern Rock residential mortgages and unsecured loans purchased by Cerberus from the UK Government.

Granite 1 was the largest RMBS since 2007, and is the 2017 IFLR European Structured Finance and Securitisation deal of the year.

The firm was also involved in ground breaking work in other sectors. S&W advised the UK Green Investment Bank (GIB) on its latest Green Loan to help Stirling Council save £31m over the next 30 years by installing 12,000 energy saving streetlights.

Shepherd and Wedderburn also advised Nord L/B on the £70m funding of the new East Lothian Community Hospital project, which involves the construction of a 23,000 square metre modern hospital in the existing Roodlands Campus site.

Fiona Buchanan, head of banking and finance at S&W, said: “Our top-ranked banking and finance team is delighted to have worked on this diverse portfolio of deals.

“We are especially heartened to have been able to work with a wide range of organisations — from large multinationals to owner-operated SMEs.”