Banking and finance work at Penningtons Manches Cooper LLP includes advising lenders and borrowers on finance agreements as well as support with both contentious and regulatory matters. The team specialises in complex advice on finance agency provisions, handling transactions which often involve overseas jurisdictions. On the contentious side, the practice is well versed in claims based on interest rate swap misselling and LIBOR rigging. Sector specialism on the borrower’s side includes healthcare, retail and social housing. Helen Drayton and John Chater, who was made partner in April 2019, are recommended, while Angela Stallard joined in May 2018.
Real estate finance specialist Sarah Coates is also recommended.
The Legal 500 - 2020 edition
Experienced in advising lenders and borrowers on a variety of financing work. Represents prominent financial institutions in transactional issues, facility agreements and debt refinancings. Particularly active in the real estate and healthcare sectors.
Strengths: One client emphasises its ‘friendly, capable team who have a can-do attitude and are always willing to provide advice and support.’
Another interviewee reports: ‘They are commercial, responsive and approachable.’
Richard Eldridge is described by a client as ‘a very creative thinker and someone who constantly thinks of commercial solutions.’ In addition to acquisition and development finance, he also has experience advising on interest rate swaps, particularly within the healthcare, property and technology sectors.
Chambers UK - 2019 edition
Penningtons Manches LLP's banking team is 'very responsive and practical in its approach'. Rich Eldridge heads the team and is noted for 'combining intellectual ability with commercial awareness'. Also recommended are Helen Drayton, who is 'a pleasure to deal with - very thorough, offering practical and relevant advice'; and the 'very proactive' John Chater.
[Property finance] Sarah Coates, who is a specialist in real estate finance, is also highly recommended.
The Legal 500 - 2019 edition
Experienced in advising lenders and borrowers on a variety of financing work. Particularly active in the real estate and healthcare sectors, in which it has gained a number of new clients, including Boys & Girls Nursery and M&P Developments.
Strengths: Sources describe the team as ‘exceptionally commercial, very prompt, efficient and flexible in terms of negotiation.’
Richard Eldridge wins praise for being ‘very knowledgeable’ and ‘is very highly regarded for his ability to get things done quickly and pragmatically.’ He acts for both lenders and borrowers on a range of matters, recently advising Industrial Chemicals on the financing by Lloyds Bank of the acquisition of a combined heat and power plant.
Chambers UK - 2018 edition