Global finance innovates on cutting-edge deals
Dechert’s global finance practice has been an industry leader for decades. 2021 sawmore firsts across more asset classes than ever before.
You can see from all these ground- breaking and innovative deals how clients value Dechert’s comprehensive sector expertise.” Laura Swihart Partner “ Blackstone subsidiaries’ acquisition of 19 data centers through a take-private acquisition of QTS Realty Trust. “This was the first-ever large-scale CMBS loan secured by data center properties,” says partner Dave Forti. “It opened up the commercial mortgage-backed securities market as an attractive source of financing for the rapidly expanding data center market.” Dechert’s representation of Farmer Mac on a US$302.7 million securitization of agricultural mortgage loans is also slated to push boundaries. “This was the first securitization of agricultural land for ten years,” explains partner Laura Swihart. “The deal has potential to create agricultural land as a totally new securitization asset class.” Since the 2020 launch of Blackstone Private Credit Fund (BCRED), Dechert has advised the newly formed business development company on a number of transactions, notable for
To illustrate the trend, Butler points to the firm’s work for Ares Management Limited and related funds on the financing to support a £1 billion buyout by Inflexion Partners and management of the DWS, Giacom and Aurora Kendrick Groups from the Daisy Group. “This was a multi- layered financing that only a flexible multi-strategy asset manager like Ares could have provided,” explains Butler. Dechert’s ability to guide clients through such transformative deals is a hallmark of the firm’s service offering on both sides of the Atlantic. In the U.S., Dechert advised Citi as lead lender of US$6 billion to finance
“The future of finance is breaking down barriers between financial product knowledge silos,” says partner Rick Jones. “As investments become more complex and inter- connected, clients will seek out law firms with solutions capable of migrating across sectors.” The ability of Dechert’s global finance lawyers to understand markets in their entirety makes the firm’s offering virtually unique – and helps explain why so many clients sought Dechert’s advice in 2021 on dozens of cutting- edge, first-of-their-kind deals. “As traditional boundaries in global finance erode, multi-strategy asset managers are becoming a significant force in a variety of finance markets,” says partner Phil Butler. “They are both a partner and competitor to the traditional commercial and investment banks.”
“Law Firm of the Year for UK Transactions” Real Estate Capital – REC Awards 2020, awarded in 2021
Law Firm of the Year: UK Transactions
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