Leicester law firm completes £200m deals

Howes Percival’s Corporate and Construction teams have delivered an “outstanding” start in the first four months of their financial year, completing a series of transactions in the refinancing sector with a total deal value in excess of £200m.

The deals included the refinancing of several bridging and redevelopment loans for clients, including acting for an overseas lender. The overseas lender is looking to do more deals in the UK and Howes Percival says it anticipates another £100m in deal in the next couple of months.

Chris Rees, a corporate partner in Howes Percival’s Leicester office, said: “We’re riding a particularly high wave in terms of both originating and closing transactions. The corporate finance world, although uncertain, seems to be holding firm and UK plc currently appears to be an attractive investment for overseas funds. The cost and speed of funding and the appetite to invest has changed recently and new players, particularly from Asia, are entering the market, admittedly as others have temporarily exited.

“We’re seeing significant deal flow from both trade and private equity, especially from overseas clients referred to us by associate firms in our international network. We’re also seeing direct referrals from intermediaries and direct approaches from clients, based on our international reputation.”

The Howes Percival team that worked on the deals included: Chris Rees, Edward Lee, Philippa Hebbard and James Czerniewski.