Banking and finance in Northern Ireland

A&L Goodbody Northern Ireland LLP

A&L Goodbody Northern Ireland LLP‘s ‘superb’ finance team maintains its position as a go-to for major Northern Ireland and international banks. Ciaran McAlinney, who specialises in acquisition and leveraged finance, leads the practice and regularly acts on high-value lending transactions. Louise Bailey is recognised for her expertise in real estate finance, securitisations and debt restructuring, while Judith Brown stands out for advising on distressed loans. On the advisory front, Christopher Jessup is well-versed in financial services regulations and handles compliance issues. Hannah McDaid is experienced in cross-border project finance transactions, particularly in the energy sector.

Responsables de la pratique:

Ciaran McAlinney


Autres avocats clés:

Louise Bailey; Judith Brown; Christopher Jessup; Hannah McDaid


Les références

‘A superb team who specialise in simplifying the complex. I have worked with the banking and finance team across a number of instructions in recent years on high-value transactions, and their commitment to their client and achieving commercial outcomes while navigating legal complexities is unrivalled.’

‘Judith Brown is top of her game, a very committed and experienced partner who drives her clients’ outcomes forward. You will go a long way to match the level of service and legal expertise offered by Judith and her team. One of the best in the business at a local market level and well able to mix it with her competitors across the water.

‘Experienced, knowledgeable and responsive team who are a pleasure to deal with.’

Principaux clients

Irish League of Credit Unions


Pension Insurance Corporation


Firstcom Group


Bank of Ireland UK plc


Chase Paymentech Europe Limited


Northern Bank Limited trading as Danske Bank


Progressive Building Society


National Westminster Bank plc


HSBC UK Bank plc


Bank of Ireland (UK) plc


Principaux dossiers


  • Act for the Firstcom group of companies, a European cloud telecommunication provider, on a group-wide debt refinance of senior and junior facilities and investment.
  • Advised the Irish League of Credit Unions on all of its material regulatory issues, particularly in relation to its secured lending guidance note for the Northern Ireland credit unions.
  • Advised Pension Insurance Corporation (a specialist insurer of defined benefit pension funds) in relation to a £30 million debt investment in Apex, the third largest social housing provider in Northern Ireland, in the form of a private placement tap issue.

Tughans

Tughans’ banking, finance and restructuring team is noted for its expertise in advising both domestic and international borrowers in secured and unsecured lending matters. The firm’s core expertise covers negotiating securities and investment structures and refinancing existing facilities. Team lead Fearghal O’Loan leads the practice and advises on cross-border acquisition finance transactions. Douglas Anderson handles financing and funding structures across the full spectrum of sectors, particularly the energy sector. Julie Huddleston regularly acts for major financial institutions in real estate finance and corporate lending matters.

Responsables de la pratique:

Fearghal O’Loan


Autres avocats clés:

Douglas Anderson; Julie Huddleston


Les références

‘Strong team of banking & finance lawyers ably led by experienced partners and considered one of the leading firms in NI.’

‘Fearghal O’Loan and Douglas Anderson remain two of the leading experts in the market and continue to deliver a quality service.’

‘The team is of a sufficient scale that it can cover all our needs, no matter the complication or jurisdiction we are operating in. They are well-led and motivated to deliver on time.’

Principaux clients

National Westminster Bank Plc trading as Ulster Bank


Bank of Ireland


Northern Bank Limited trading as Danske Bank


Diageo Northern Ireland Limited


Barclays Bank UK PLC


Goldman Sachs International


Upstream Working Capital Limited and Upstream Trade Finance Limited


Woodland Kitchens (N.I.) Limited


Cordovan Capital


Whiterock Capital Partners


Business Growth Fund


Principaux dossiers


Arthur Cox Belfast

The Arthur Cox Belfast banking and finance team’s enviable clientele consists of domestic and international retail banks, private equity firms and alternative lenders. Heading up the team is Stuart Mansfield, who is well-versed in corporate banking transactions and has experience advising on syndicated loans.  Colm McElroy provides ‘excellent’ borrower-side advice on secured financing transactions and acts as local counsel on cross-border financial restructuring mandates, and David Rogan regularly provides support on real estate and development finance and construction finance.

Responsables de la pratique:

Stuart Mansfield


Autres avocats clés:

Colm McElroy; David Rogan


Les références

‘David Rogan & Stuart Mansfield have been excellent in terms of their support, communication, timing and knowledge.’

‘Arthur Cox is a dynamic and diverse team. Their appeal is in their highly practical and commercial nature and understanding of our business.’

‘Colm McElroy has worked with our business for some time, always providing exceptional, practical and commercial advice when instructed. His willingness to understand our business is core to his qualities.’

Principaux clients

Bank of Ireland


National Westminster Bank plc


Barclays Bank plc


Leading International Bank


Bank of Ireland


Ballykeel Beg No.1 Limited


Barings (UK) Limited


The Scores Hospitality Limited


Hilco Real Estate Finance UK Ltd


Carson McDowell

The ‘strong’ team at Carson McDowell acts for a broad range of clients from financial institutions to corporate borrowers on real estate finance, energy finance and cross-border lending matters. Practice head Sinead McGrath routinely receives instructions on securitised financing transactions and acquisition finance matters in the construction sector. Secured lending transactions are key to Damian McElholm‘s practice, while Rachel Lewis supports on acquisition finance and mortgage-backed securitisation work.

Responsables de la pratique:

Sinead McGrath


Autres avocats clés:

Damian McElholm; Rachel Lewis


Les références

‘Strong team of local partners who are personable and professional.’

‘Damian McElholm has been excellent in diligently completing the numerous bank financing opportunities I have worked with him on. Very approachable and clear communicator.’

‘Sinead McGrath has a wealth of experience and offers pragmatic and effective advice together with a high level of responsiveness.’

Principaux clients

Fane Valley Co-operative Society Limited


BNP Paribas


GoldenTree Asset Management LLP


CBRE Indirect Services Limited/NIIF


Fibrus Networks Ltd


Turkington Construction Group


Connected Health Limited


Finnebrogue Food Group


National Westminster Bank plc/t/a Ulster Bank


Bank of America N.A., London Branch


Waterfall Asset Management LLC


Equitix Investment Management Limited


DunPort Capital Management


Macquarie Bank


Principaux dossiers


  • Advising the funders, including BNP Paribas and Bank of America, on the Northern Irish aspects of the funding of several Purpose Built Student Accommodation Projects in Belfast operated by Student Roost with a value of  > £100m.
  • Advising GoldenTree Asset Management LLP in relation to the acquisition of a €800m portfolio of personal loans from Bank of Ireland, and acting as Northern Irish transaction counsel in relation to the securitisation through which the deal was funded.
  • Acted for Fane Valley Co-Operative Society Limited in relation to a significant senior debt refinancing of its existing group bilateral funding arrangements to a new syndicated lending arrangement.

Cleaver Fulton Rankin

Cleaver Fulton Rankin maintains its position as an advisor to major lending institutions operating in Northern Ireland and has particular expertise in project and development finance and the funding of charities. Practice head Stephen Cross is well equipped to advise on compliance in capital markets transactions and is adept at providing banks with regulatory advice. Praised for being ‘commercial’, Sinead Stewart has key strengths in group reorganisation, debt restructuring and the sale of distressed real estate.

Responsables de la pratique:

Stephen Cross


Autres avocats clés:

Sinead Stewart


Les références

‘The team was very responsive and practical in the advice and points that they raised. They were also very proactive and sought to bring up potential issues – and solutions – without prompting from us.’

‘Sinead Stewart was very personable and commercial, and you could tell that she was a major contributor to the feeling of responsiveness and proactivity. She was very willing to pick up the phone and discuss points.’

Principaux clients

HSBC Bank plc / HSBC UK Bank Plc


Harland & Wolff Group plc


Clanmil Housing Association


International Swaps and Derivatives Association, Inc.


Antrim & Newtownabbey Borough Council


Bank of Ireland


JP Morgan Chase


Danske Bank


BNP Paribas


Boyce Precision Engineering


Lakeland Dairies


Ares Management Limited


Magir Limited


National Westminster Bank plc trading as Ulster Bank


Upstream Positive


Arbour Housing Association


Close Brothers Asset Finance


SMBC Nikko Capital


BCI Capital


International Capital Markets Association


Caterpillar (NI) Limited


Principaux dossiers


  • Advised Bank of Ireland in connection with a club facility with Pandox UK (as Borrower) for a total commitment of £65.5 million.
  • Acted for Lakeland Dairies in connection with a cross-jurisdictional group reorganisation with an approximate value of £280.5 million.
  • Acted for Ares Management Limited on the provision of its debt financing (alongside National Westminster Bank Plc as super senior lender) to RSK Group Limited by way of senior facilities, with a total transaction value of approximately £1.1 billion.

Davidson McDonnell

Davidson McDonnell is noted for representing both borrower-side and lender-side clients across various financing transactions, including development and real estate finance matters. The finance department regularly supports the corporate team on borrower advisory work. Aisling Owens leads the team and is well-versed in lender security agreements. Rowan Gibney is another key individual of note.

Responsables de la pratique:

Aisling Owens


Autres avocats clés:

Rowan Gibney


Les références

‘The team at Davidson McDonnell across departments is very commercial, responsive and provides excellent advice.’

‘Rowan Gibney and Aisling Owens have been a great support on a number of transactions. Diligent, commercially focused lawyers who are proactive and drive deals forward.’

‘The team at Davidson McDonnell is always very efficient and is great at providing workable solutions to any issues encountered during the deal process.’

Principaux clients

Northern Bank Limited t/a Danske Bank


Department for Levelling Up, Housing and Communities


Principaux dossiers


  • Advised Northern Bank Limited t/a Danske Bank on the financing of Glens of Antrim Potatoes Limited.
  • Advised the Department for Levelling Up, Housing and Communities on grant funding to support the redevelopment of a community complex in County Fermanagh.
  • Advised Northern Bank Limited t/a Danske Bank on the financing for the acquisition of a new garden centre by Hillmount Bangor Ltd.

DWF

DWF‘s finance and restructuring department draws on its global network, in particular its offices in England and Ireland, to advise banks and borrowers in cross-border acquisition financing and real estate finance matters. Praised for her ‘excellent technical ability’, Orla Hanna heads up the practice and is adept at advising lenders and borrowers on secured and unsecured lending matters. Emma Copeland supports Hanna, particularly in matters with a cross-border or real estate finance element.

Responsables de la pratique:

Orla Hanna


Autres avocats clés:

Emma Copeland


Les références

‘Strong team across the board who have experience and the passion to deliver for us across a wide range of practice areas.’

‘Orla Hanna is highly driven, experienced, and knowledgeable, and we know we can always rely on her to deliver.’

‘I find DWF is a very knowledgeable and highly experienced team. They are very capable of dealing with the most complex cases.’

Principaux clients

The Governor and Company of the Bank of Ireland and Bank of Ireland (UK) plc (together « Bank of Ireland »)


National Westminster Bank trading as Ulster Bank (« Ulster Bank »)


AIB Group (UK) p.l.c. (« AIB »)


Santander


HSBC UK Bank plc (« HSBC »)


Northern Bank Limited trading as Danske Bank (« Danske Bank »)


ATOM Bank


The Ortus Secured Finance Group (« Ortus »)


Close Brothers Limited


Coutts


Unity Trust Bank


Barclays Bank PLC


Clydesdale Bank


Northern Ireland Investment Fund and related finance parties


Lloyds Banking Group


ICG Alternative Investment Limited


Close Leasing Limited


Millar McCall Wylie LLP

The banking and finance team at Millar McCall Wylie LLP‘s client roster consists of alternative lenders, ranging from privately backed loan funds and pension funds to high-net-worth individuals. The team advises on acquisition and debt financing transactions. Co-heads John Finnegan and Peter McCall lead the practice. Finnegan is active in the financing of properties in both the residential and commercial sectors. Patricia Arell assists on the security aspects of commercial property matters.

Responsables de la pratique:

John Finnegan; Peter McCall


Autres avocats clés:

Patricia Arell


Les références

‘The MMW team has a deep understanding of the industry and a lot of experience.’

‘John Finnegan is excellent, responsive and knowledgeable.’

‘A great firm to work with, very collegiate approach.’

Principaux clients

Belfast Commercial Funding Limited


Elkstone Capital Partners Limited


Collinbridge Finance Ltd


Ortus Secured Finance


Spa Nursing Homes


Barclays Bank Plc


Danske Bank


Hampshire Trust Bank


Funding 365 Limited


Bank of Ireland


Principaux dossiers


  • Advised Belfast Commercial Funding on the acquisition of a £15m revolving credit facility from Blackmead Infrastructure.
  • Advised Belfast Commercial Funding in respect of a £5.8m loan to a property developer for the development of a large residential site.
  • Advised Elkstone Capital Partners Limited in the acquisition financing of the purchase of Murray’s Exchange and Tobacco Yard.

Mills Selig

Mills Selig recently bolstered its banking and finance practice with the hire of Richard Houliston from TLT. Houliston now heads up the practice, which is instructed by SMEs and corporate borrowers on funding matters. Houliston regularly advises on the Northern Irish aspects of major international mandates, including structured finance transactions.

Responsables de la pratique:

Richard Houliston


Les références

‘Richard Houliston – excellent speed of response and commerciality.’

‘Top of their game, professional and can do approach.’

‘The firm is very good value for the excellent legal support it provides.’

Shoosmiths LLP

The banking and finance team at Shoosmiths LLP has a strong lender-side real estate finance practice and is active in advising on the financing aspects of acquisitions in the retail and leisure sectors. Team lead Anna Vangrove has a niche in energy finance and regularly advises on mandates in the purpose-built student accommodation and build-to-rent sectors. Michael Kelly supports on the full spectrum of real estate finance matters, including the refinancing of hotels. Grainne Fairbrother is another highlighted member of the team.

Responsables de la pratique:

Anna Vangrove


Autres avocats clés:

Michael Kelly; Grainne Fairbrother


Les références

‘Very proactive and client friendly.’

‘Very professional and proactive.’

Principaux clients

AIB Group (UK) p.l.c.


National Westminster Bank Plc (trading as Ulster Bank)


Northern Bank Limited (trading as Danske Bank)


Santander UK plc


Foresight Group


Ultimate Finance Group


Toyota Financial Services


Ortus Secured Finance


Industrial Finance & Leasing


ThinCats


Principaux dossiers


  • Acting for National Westminster Bank Plc (trading as Ulster Bank) in relation to financing for the acquisition of Bloomfield Shopping Centre, Bangor.
  • Acting for Ultimate Finance Group for in securing £60 million funding from NatWest as part of its £370 million institutional funding facilities.
  • Acting for AIB Group (UK) p.l.c. in relation to its financing of two purpose-built student accommodation schemes.

Elliott Duffy Garrett

The banking team at Elliott Duffy Garrett specialises in secured lending transactions and works closely with the commercial property team. The department is led by Kevin McVeigh, who regularly advises on mortgage-backed securitisation transactions. Cathy Murphy and John McElrone advise on security documentation and the Northern Irish law affecting transactions and underlying mortgages.

Responsables de la pratique:

Kevin McVeigh


Autres avocats clés:

Cathy Murphy; John McElrone


Principaux clients

Ulster Bank Limited


Northern Bank Limited (Danske)


Leeds Building Society


Santander


Yorkshire Building Society


Whiterock Capital Partners LLP


Upstream Working Capital Limited


Special EU Programmes Body


Upstream Trade Finance Limited


Tennent’s NI Limited


Eversheds Sutherland

The key point of contact for banking and finance advice at Eversheds Sutherland‘s Belfast office is practice head Deborah Archer. Archer routinely advises local and international financial institutions in relation to structuring their security packages. Recent instructions include negotiating facility agreements for high-value asset acquisitions. Lynsey Elliott joined the firm in January 2025 from A&L Goodbody Northern Ireland LLP and bolsters the firm’s real estate and development finance and energy finance capabilities.

Responsables de la pratique:

Deborah Archer


Autres avocats clés:

Lynsey Elliott


Les références

‘My dealings would be direct with Deborah Archer whom with I have a long standing relationship. I find Deborah very commercial and also easy to deal with from the banking side of transactions, she is able to lay matters out in a clear and concise manner which makes decisions easier to make. Deborah always delivers in terms of timeframes.’

‘Useful and professional team.’

Principaux clients

Allied Irish Bank plc


National Westminster Bank Plc trading as Ulster Bank


Volkswagen Financial Services


Principaux dossiers


  • Worked on two separate matters for AIB across the transportation and energy sector.
  • Acted for Ulster Bank’s Corporate Real Estate team in relation to a significant refinance of a corporate group in the property sector.
  • Advised on the security package and real estate due diligence associated with 8 car dealership assets covering 13 different titles. Assisted in the drafting and reviewing of loan documentation.

Wilson Nesbitt

Residential lending and commercial lending are key areas of focus for Wilson Nesbitt‘s banking and finance team. The department acts for major lenders in mortgage documentation and refinancing matters. Acquisition and real estate finance specialist Max Nesbitt jointly leads the team alongside Ian Creighton, who focuses on lender-side work and is adept at loan security work.

Responsables de la pratique:

Max Nesbitt; Ian Creighton


Les références

‘Personal touch with the ability to balance protection with commercial decisions.’

‘Response times and general awareness of the overall transaction.’

Principaux clients

Bank of Ireland


Atom Bank PLC


Fiduciam Nominees Limited


Assetz Capital Limited


Sonic Funding Partners Limited


Funding 365 Limited


Stoneygate 2007 Ltd


Momenta Finance


Onate Finance


Irish Commercial Funding