ALG advises on 16 Finance Dublin ‘Deals of the Year 2023’

A&L Goodbody (ALG) advised on 16 of the winning 'Deals of the Year 2023' published by Finance Dublin this week. The annual review recognises best in class Irish corporate finance deals.

ALG, along with our clients, are listed across six different categories, showcasing our broad legal expertise. We are pleased to have been, once again, recognised as a leading advisor on some of the largest, most complex and innovative financing transactions in Ireland.

The winning categories and deals on which ALG advised include:

Aviation Finance

  • Aviation Finance Restructuring: Restructuring of Nordic Aviation Capital DAC and its subsidiaries
  • Acquisition, Aviation Assets Platform: Aergo Capital's acquisition of Seraph Aviation Management Ltd.

Debt Capital Markets

  • Social Bonds: AIB’s inaugural Senior Social Bond
  • RMBS: Bank of Ireland’s non-performing loan portfolio dual-track disposal

Equity Capital Markets

  • SME Equity: AIB Foresight SME Impact Limited Partnership
  • Restructuring: Mallinckrodt plc.

Financial Services

  • Banking: Permanent TSB’s acquisition of Ulster Bank assets
  • Corporate Banking: AIB’s purchase of Ulster Bank’s Corporate Banking Division
  • Credit Platform: Finance Ireland Limited equity investment by M&G and PIMCO

Loans & Financing

  • Loans & Financing Deal of the Year: Eirgrid Celtic Interconnector financing
  • Green Revolving Credit Facility: IPUT Real Estate
  • Public Private Partnership: EquiSisk Community Care Partnership Limited

Mergers & Acquisition

  • Financial Services Acquisition of the Year: SMBC Aviation Capital's acquisition of Goshawk
  • Joint Venture: Fibre Networks Ireland J/V between InfraVia Capital Partners and eir
  • Green Finance, Equity Acquisition: Investment in Exergyn Ltd.
  • Private Equity: Corten Capital's acquisition of Ekco Cloud Holdings DAC

Speaking about the winning Financial Services Banking deal 'Permanent TSB’s acquisition of Ulster Bank assets’, Richard Grey, Partner, Corporate and M&A said:

"ALG was delighted to have advised Ulster Bank and NatWest, both long standing clients of A&L Goodbody, in what was a transformative transaction for both Ulster Bank, NatWest and indeed the broader Irish banking market."

Speaking about the winning Financial Services Corporate Banking deal ‘AIB’s purchase of Ulster Bank’s Corporate Banking Division’, Séamus Ó Cróinín, Finance partner said:

"It was a privilege to have worked with the Ulster Bank Ireland team on this important transaction, which marked a critical step in the bank's overall strategy. The mandate required co-ordinated input from a wide range of practice groups within the firm, and it has been great to work on such a complex transaction with a great client team."

Speaking about the winning Loans & Financing Green Revolving Credit Facility deal ‘IPUT Real Estate’, Ciarán Rogers, Finance partner said:

"We were delighted to be the lead legal advisers to IPUT plc, a long standing client of the firm, on its award winning green financing with AIB. IPUT is a market leader in responsible investing and is constantly striving to make sustainable practices a cornerstone of its strategy. Therefore, it was very keen to ensure its financing with AIB fully reflected its sustainable and green focus. We were delighted that IPUT turned to ALG, and its expertise in green and sustainable financings, to work with them on this notable transaction."

Speaking about the winning Mergers & Acquisition Green Finance, Equity Acquisition deal ‘Investment in Exergyn Ltd.’, Sheena Doggett, Corporate and M&A partner said:

"We were thrilled to act for Exergyn on its strategic investment from Mercuria, Lacerta Partners and McWin. Exergyn's mission is to significantly reduce global greenhouse gas emissions by leveraging its world-class expertise in shape memory alloy to enable commercial production of ground-breaking, clean-energy products. This important investment will play a crucial role in helping Exergyn to deliver on these goals, and we wish it every success in its endeavours."

Pictured (L-R): Richard Grey, head of Corporate and M&A, Laura Kennedy, Corporate and M&A partner, Marie O'Brien, head of Finance and David McElroy, Energy, Infrastructure & Natural Resources partner.

Date published: 1 June 2023