Home Knowledge William Fry Advises on 11 Award-Winning Transactions

William Fry Advises on 11 Award-Winning Transactions

William Fry is pleased to have advised on 11 award-winning transactions in Finance Dublin’s Deals of the Year 2023.

The awards recognise some of the most significant and innovative Irish financial services transactions of the last 12 months and recognise the firm for its market-leading involvement in supporting its clients.

The 11 deals in which the firm was involved were listed across six different categories, highlights the firm’s broad legal expertise. The winning categories and deals on which the firm advised include:

Mergers & Acquisitions

  • Mid-market: ATA’s acquisitions of Van Hoorn Carbide and Industrial Tooling Corporation
  • Acquisition, Life Sciences: Amgen Inc’s acquisition of Horizon Therapeutics plc

Debt Capital Markets

  • Note issuance: Ardagh Metal Packaging’s $600m Senior Secured Green Notes

Equity Capital Markets

  • Public Equity, Block Trades Programme: The Department of Finance of Ireland sales of AIB shares
  • Public Equity, Issuance: Greencoat Renewables equity issuance
  • Restructuring: Mallinckrodt plc

Loans & Financing

  • Public Private Partnership: EquiSisk Community Care Partnership Limited
  • Loans & Financing Deal of the Year: Eirgrid Celtic Interconnector financing
  • Refinancing: Uniphar plc

Financial Services

  • Banking – Permanent TSB Plc’s acquisition of Ulster Bank assets
  • Financial Services: Aviation Finance Restructuring
  • Aviation Finance Restructuring: Restructuring of Nordic Aviation Capital DAC and its subsidiaries

Speaking about the winning EirGrid plc deal, Ciarán Herlihy, Partner, Banking & Finance said: “We were delighted to work with EirGrid and its funders on this major financing. Our team included banking, energy, corporate, real estate and consenting specialists and there’s a real feel-good factor for the team in working on such a critical Irish infrastructure project”.

Brian Butterwick, Partner, Corporate M&A also spoke on the Greencoat deal: “We are delighted to have assisted the joint bookrunners in another successful fundraising by Greencoat. The transaction was completed during a period of market uncertainty shortly after Russia’s invasion of Ukraine. It therefore required the collective deal team to move quickly and effectively to capitalise on changing market conditions and deliver a successful outcome for the company.”

“Having worked on some of the largest aircraft-related restructurings over the last decade, William Fry were delighted to assist Nordic Aviation Capital in its global restructuring process. This complex restructuring required the development, negotiation and coordination of a significant number of transactions across NAC’s capital structure, and was ultimately implemented using a pre-arranged U.S. Chapter 11 process. It left NAC well-positioned for the future having eliminated nearly $4.1bn of debt, while significantly enhancing its liquidity, with access to approximately $537m in additional capital to fund operations and growth opportunities.” David Maughan, Partner and co-head of the Banking & Finance group.