Capital Markets: Securitisation - UK
What the team is known for
Cadwalader fields a high-quality team known for its work on complex securitisations. The firm has notable strength with regard to ABS and, most prominently, CLO transactions. They also demonstrate the ability to guide clients in matters relating to specialised or emerging asset classes and have in-depth knowledge of ESG-compliant assets. As well as its transactional work, the team is well positioned to advise on regulatory developments, including the effects of changes to US regulations in the European markets, STS regulation and risk retention. Notable for the breadth of its client base, the firm frequently acts on behalf of mainstream banks, private equity funds and alternative lenders.
Strengths
"Cadwalader can be trusted to run things entirely; they drive transactions forward."
"They are extremely responsive and have very strong partner representation in transactions."
"Support is always available. They are exceptionally fast, thorough and professional."
Work highlights
Cadwalader acted as counsel for Premium Credit on the maintenance of its master trust programme and its 2022 issuance.
Notable practitioners
Suzanne Bell has developed a noteworthy ABS practice. Her areas of expertise include credit card receivables and auto loans. "Suzanne has a very strong commercial understanding and has the ability to find solutions rather than issues."
Matthew Duncan is able to handle each stage of the securities life-cycle, regularly advising clients on everything from warehousing to RMBS. His longstanding experience makes him a strong choice for first-to-market transactions. "Matthew is a real longstanding specialist in RMBS."
Robert Cannon is recognised for advising clients in underwriting catastrophe bonds. He is also an experienced CLO practitioner and regularly counsels on cross-border transactions.
