Brandon Ovington

brandon-ovington

Brandon Ovington

Associate

London | 160 Queen Victoria Street, London, UK EC4V 4QQ
+44 20 7184 7348 | +44 20 7184 7001


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Brandon Ovington focuses his practice on corporate finance matters, with an emphasis on real estate finance, leveraged finance, restructuring, specialized lending, as well as transactions involving the acquisition, disposal and securitization of performing and non-performing loan assets. Mr. Ovington represents a broad range of clients across the capital structure and credit spectrum, including financial institutions, alternative capital providers, private equity sponsors and corporates. 

Mr. Ovington has advised on transactions in the UK, Europe, East Asia, Australia, Southern Africa and the United States. He also acts on a range of more general financing and banking matters.

Prior to joining Dechert, Mr. Ovington served as a senior associate in the London office of a Magic Circle firm, where he focused on debt finance. He also completed a six-month secondment to Barclays Bank in London. 

Experience

Lending, acquisitions and corporate finance

  • A private equity fund in relation to the refinancing of a senior secured loan in connection with the £1 billion proposed redevelopment of Whiteleys shopping centre in Bayswater, London. 
  • An international asset manager in relation to the refinancing of a term loan facility secured on a portfolio of office properties in The Netherlands.
  • CEVA Logistics in relation to its comprehensive refinancing of existing indebtedness. The refinancing included a new US$585 million senior secured term loan B, a £475 million revolving credit facility, and the issue of €300 million senior secured high yield notes.
  • A private equity sponsor and a Swedish retail company in relation to super senior and mezzanine term and revolving credit loan facilities.
  • A financial institution in relation to a proposed acquisition facility to a sponsor-backed insurance company operating in the US, UK, Italy and certain other EU member states.
  • Whitbread on financing aspects of its sale of Costa to The Coca-Cola Company.
  • A private equity sponsor and a German eye surgery company in relation to a super senior term loan facility.
  • AngloGold Ashanti relation to the refinancing of its US$1.4 billion revolving credit facility. 
  • A European renewable energy company and a renewable energy infrastructure asset manager in relation to the refinancing of its secured project financing facility in respect of a UK-wide wind turbine and property portfolio.
  • An international financial institution in relation to a number of acquisitions of performing and non-performing UK mortgage loan portfolios.
  • An international asset manager in relation to a number of acquisitions of UK consumer loan portfolios (and related loan financing arrangements).
  • An international asset manager in relation to a forward-flow sale and purchase facility for the acquisition of loan portfolios on an ongoing basis. 
  • A leading international multinational media and digital marketing communications company in relation to its £500 million revolving credit facility and a US$400 million term loan facility.
  • Mediclinic International Limited on financing aspects of its combination with Al Noor Hospitals Group.
  • A global NPL asset manager in relation to an up to £500 million bridge-to-bond financing.
  • Aegis Group on financing aspects of its takeover by Dentsu.
  • A global healthcare insurance provider in relation to its £300 million multicurrency bridge revolving facility agreement.Restructuring and corporate transformation.
  • A leading UK estate agent on its capital refinancing plan, including an equity raise and an amendment of its revolving credit facility.
  • An international financial institution in relation to its targeted investment in a securitization backed by a portfolio of mortgage loans, the restructuring and unwinding of the securitization, and the acquisition of the portfolio loans.
  • Punch Taverns on the comprehensive capital restructuring of the Punch A and Punch B whole-business securitisations.
  • An international restaurant business on the restructuring and refinancing of its secured debt facilities.
  • Barclays Bank PLC on financing aspects of its global bank structural reform program ahead of the implementation of UK bank ring-fencing requirements (substantially implemented by way of a ring-fencing Part VII transfer scheme). 
Securitization
  • Paratus AMC on the establishment of the Stanlington No.1 securitization and the issuance of £227.6 million Notes backed by a pool of residential mortgage loans, and the simultaneous unwinding of repo arrangements and other mortgage-backed financings, including the Virgil Mortgage No.1 PLC, Rathmount 2006-1 PLC and Rathmount 2016-2 securitizations.
  • An international asset manager in relation to a warehouse securitization of an Italian REO loan portfolio.
  • Holmes master issuer in relation to annual updates to its RMBS debt issuance program and various issuances of RMBS notes.
  • Fosse master issuer in relation to annual updates to its RMBS debt issuance program and various issuances of RMBS notes.
  • A European car finance company in relation to a warehouse securitization of auto loan receivables.
  • Santander Consumer (UK) plc in relation to the Motor-2016-1 UK auto loan ABS and the issuance of Notes backed by a pool of auto loan receivables.
Debt capital markets 
  • A global NPL asset manager in relation to its issue of €285 million and £100 million senior secured high yield notes.
  • A global NPL asset manager in relation to its issue of €230 million senior secured high yield notes. 
  • A global healthcare insurance provider in relation to its issue of £500 million lower tier 2 subordinated notes.
  • Westpac in relation to updates of its London-listed US$70 billion EMTN program and US$40 billion covered bond debt program, and in relation to various issuances of EMTN notes and covered bonds.
  • Westpac New Zealand in relation to updates of its London-listed US$10 billion EMTN program and €5 billion covered bond program, and in relation to various issuances of notes and covered bonds.
  • A UK national utility company in relation to updates of its London-listed multi-billion euro EMTN debt issuance program, and various issuances of notes.
Includes matters handled at Dechert or prior to joining the firm.
Education
  • Warwick University, B.A., 2007, Hons, 1st Class
  • University of Cambridge, M.Phil., International Relations, 2008
  • BPP Law School, Graduate Diploma in Law, 2009
  • BPP Law School, Legal Practice Course, 2010
Admissions
  • England and Wales