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Chris Brierley

Partner
Chris Brierley

Head of the Banking and Finance practice consisting of six partners and 24 lawyers who specialise in the debt finance aspects of transactions. My key responsibility is to manage and drive development of the banking and finance practice.

Tel: +44 (0)870 733 0596
Email: chris_brierley@wragge.com

Services: Finance
Business sectors: Financial Services

Best brains in ...

Identifying the points that matter in a commercial negotiation; understanding the complex relationship between various aspects of transactions; awareness of the business environment in which the law operates.

Highlight of your career so far?

Advising a leading global bank as mandated lead arranger on a series of debt and equity financings of complex multi-jurisdictional groups, both through standard share purchases and through open offers by the Companies Act schemes of arrangement.

Most challenging job you've ever done?

Advising Nomura Plc on the multi-layered debt financing of the acquisition of Earls Court Olympia including a 60-step pre-acquisition reorganisation and a complex post-completion reorganisation including debt push-down.

What about outside the UK?

90% of the work we do has an international element. In the case of groups which are being acquired by our clients, customers or borrowers can have either sales, distribution or manufacturing operations in Europe, the Far East or the USA.

What's your definition of going the extra mile?

We operate in a very competitive environment and as such, client service is paramount and has to be consistent. In transactions that are stressful and involve unsociable hours the best service we can give our clients is advice that is tailored to the commercial context. It's crucial that we have an overall understanding of the deal, as well as the business, financial and commercial side, to free up the bank to focus on other areas. Part of this will also involve market understanding in the sectors where clients lend and where we have involved our own specialist departments to originate mandates for the banks.

Best example of a creative legal solution?

Part of our daily job is finding solutions to allow transactions to proceed and our clients' banks to fund. One particular issue was where our client bank was funding the receivables book of a vehicle solutions business. A component of the receivables was earmarked for the funder to the business that provided vehicle finance to the group. The vehicle funders took a priority assignment of the receivables ahead of our client bank which jeopardised our client bank's core security. We were able to devise a solution that made our client comfortable with the credit risk and allowed the customer to continue to operate with its separate vehicle funders.

When have you ever given a client a real competitive edge?

Market knowledge is an essential part of what we do and a key reason for banks instructing us. When we undertake a transaction for a bank we review all the commercial and financial due diligence to enable us to place the banking risk and legals in a real framework. A key example has been advising funders who lend against cashflow from entities based in overseas jurisdictions, identifying the risks that relate to those cashflows and the limitations on recovery in each of those countries.

What's been written or said about you that you're most proud of?

We have been dubbed a 'magic circle-style operation' that 'provides a cost-effective alternative to traditional City banking practices'. I've also been praised for 'intelligence and commerciality'.

'A class act,' this national practice 'offers a City-style operation' at more comfortable rates than its London rivals, reported clients. Its banking lawyers are 'experienced and commercial, a pleasure to work with'.

'One of the sharpest people in law but with a personable style about him' and 'as good as it gets'. He wins plaudits for his firm management of transactions: 'He knows when to fight and when not to - he will ensure that a sensible document will go out.'

Alerts

13.02.09

An A-Z of Islamic finance

Do you know your Maliki from your Muamalat? Or your Bai al ina from your Bay? Read a glossary of need-to-know terms from Wragge & Co's Islamic finance specialists.

09.09.08

Financial assistance from 1 October 2008

Few bankers and professions involved in leveraged finance, management buy-outs or management buy-ins will lament the passing of the prohibition on private companies giving financial assistance for the purchase of their holding company's shares.

15.01.08

Thinking ahead - Rome II from the banker's perspective

From 11 January 2009, the Rome II Regulations will apply to determine the law governing non-contractual obligations between parties to a contract.
 

Press releases

22.06.10

Wragge & Co advises HSBC on £70 million loan to JDR Cable Systems

Wragge & Co's Banking & Finance team has advised HSBC Bank plc on its £70 million term and revolving credit facility to undersea power cable manufacturer JDR Cable Systems.

22.04.10

Wragge & Co advises HSBC Bank plc on £20 million acquisition finance deal

Wragge & Co's Banking & Finance team has advised HSBC Bank plc on its involvement in a private equity-led buy-out of a number of healthcare businesses. Partner Chris Brierley acted for the bank on its provision of a £20 million acquisition finance facility to Active Assistance Finance Limited.

29.09.09

Wragge & Co advises HSBC Bank plc on £18 million MBO deal

Wragge & Co LLP Banking & Finance team has advised HSBC Bank plc on an £18 million acquisition facility. The funding has enabled independent private equity investors August Equity to complete a management buy-out of Funeral Services Partnership Company.

13.07.09

Wragge & Co secures top ranking in Lloyds TSB Jewel Awards

Wragge & Co LLP Islamic finance specialist Kazi Rahman has secured a top ranking in the seventh annual Lloyds TSB Jewel Awards. The awards recognise Asian business success and achievement in Britain.

24.03.09

Wragge & Co appoints Islamic finance specialist

Wragge & Co LLP has appointed Islamic finance specialist Kazi Rahman to its banking & finance practice. Kazi will join as a solicitor to boost the firm's Islamic finance capability.

17.03.09

Wragge & Co advises Sanctuary Housing Association on £200 million bond issue

Wragge & Co LLP Banking & Finance team has advised Sanctuary Housing Association on a £200 million secured bond issue.

24.09.08

Wragge & Co and Graf von Westphalen advise on €381 million cross-border refinancing deal

Wragge & Co LLP Banking & Finance team and Graf von Westphalen Project Finance team have advised new client Autocesta Zagreb-Macelj d.o.o. (AZM) on a €381 million refinancing deal.

03.09.08

Wragge & Co advises HSBC on £37 million MBO

Wragge & Co LLP Banking & Finance team has advised HSBC Bank plc on the £37 million secondary MBO of Accura Support Services Limited. HSBC Bank plc committed £20.5 million, alongside funding from August Private Equity LLP.

06.05.08

Wragge & Co's banking & finance practice grows

Wragge & Co LLP has boosted its banking & finance practice with the appointment of Mark McKee as a director. As a specialist in asset and receivables finance and asset based lending, Mark will strengthen the team's asset finance capability.

22.04.08

Wragge & Co finance team grows with partner hire

Wragge & Co LLP has expanded its finance capability with the appointment of a new partner. Clifford Chance senior associate Kieron Dwyer joins the Banking & Finance team from 1 May 2008. His arrival takes the total number of finance partners to ten.

01.02.07

Wragge & Co acts on Leasedrive Velo merger

Wragge & Co LLP Banking and Finance Team has advised HSBC Bank plc on its involvement in the formation of the UK's largest independent privately-owned vehicle management company, Leasedrive Velo.
 

Published articles

There are currently no published articles for Chris Brierley.

 

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