Acquisition Finance

William Fry has a leading M&A Group and we have an associated reputation for advising on all aspects of acquisition and leveraged finance.  Our unsurpassed experience is gained from years of involvement in the most challenging and complex transactions in Ireland and in international transactions with Irish aspects.  Our banking lawyers work as part of a multi-disciplinary team supporting our corporate lawyers in advising on the financing options for M&A deals including syndicated senior debt, mezzanine debt, bridge finance, PIK debt, bridge to-bond financing, senior secured notes and subordinated debt and equity options.



Our experience includes advising:

  • Aergo Capital Limited on its funding for the acquisition of Safair (Proprietary) Limited and Safair Lease Finance Proprietary Limited, a South African aviation leasing company.  The transaction saw Aergo take control of 33 aircraft in the Safair aircraft-leasing division and lease a further 9 planes from the parent company
  • JDH Acquisitions in relation to its initial borrowing of €1.3bn of acquisition finance in order to fund the take – private of the Jurys Doyle Hotel Group and the subsequent reorganisation to separate the Jurys Inns business prior to its sale
  • Duke Street on the restructuring of the Payzone Group, Europe’s largest consumer payments acceptance network, in conjunction with the senior debt funders to the Payzone Group resulting in Duke Street acquiring a controlling interest in the Payzone Group, a substantial senior debt write down and the syndicate lenders becoming shareholders in the restructured group
  • J & E Davy on its €250m MBO from Bank of Ireland
  • Merrion Capital Group Limited on the part financing for its MBO of an 84% stake in Merrion Capital Group Limited from Landsbanki Islands hf
  • University of Pittsburgh Medical Centre (UPMC) on its acquisition of a majority stake in Beacon Medical Group Limited involving the Beacon Hospital Sandyford

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We are consistently ranked as one of the leading Banking & Financial Services law firms in Ireland.


  •  William Fry's Banking department have been described by clients as "excellent to deal with. Their level of market knowledge is very high, and they are proactive at finding solutions to problems  and good at pushing the transaction to close." Other clients adds that they are "very knowledgeable and have the capability to manage large and complex transactions seamlessly," as well being "massively respected by the team on the other side of the transaction." The team is also known for being a "very well-resourced team, providing excellent turnaround times and always ensuring partner availability." Legal 500 2020
  • "Excellent and no weaknesses." says one interviewee IFLR 2020
  • A client states "The team that I primarily deal with are excellent. The team is partner driven, and I can always get access when needed. Their attention to detail is first class but they explain it in layman terms. They are very well regarded within the legal community, and this can be of huge assistance when negotiating and closing complicated deals." Another clients states: "William Fry (partners David Maughan and Mary Ward) provide unparalleled service on Irish law matters. Their advice is always on the spot, and they are always available. I only go to other firms if William Fry is conflicted from advising my client.". With another saying: "Very professional firm with a good team in place. Their strength is their people and breadth of experience on various projects." IFLR 1000 2019
  • "They are very easy to deal with, you can pick up the phone to any of them and they are quick to come back and respond, even on small queries. They are very thorough, client friendly and they put time into developing the relationship". An interviewee appreciated that "the client service was very strong, they had an excellent understanding of the transaction and they showed good responsiveness to requests". Chambers Europe 2019
  • One happy client says: "Their legal expertise, service levels and business-friendly approach sets them apart. I have recommended the team to other parties and continue to do so." Another source notes: "The firm is committed to its clients and develops strong relationships with them." Chambers Europe 2018
  • "They were very commercial on complex deals, extracted the important parts, were very proactive and made sure that nothing slipped away." Clients also point out that "they have a nice house style: professional, friendly and courteous." Chambers Europe, 2017 
  •  "The lawyers took a personal interest in the work and the overall objective was always in their minds. There was a big team offering a lot of strength throughout." 
    "This firm had the size and skills to handle a particularly complex transaction, and the commitment to throw the necessary resources at the job." Chambers Europe 2016
  • William Fry is an "excellent practice". Legal 500 EMEA 2016


Jason Hollis

  • According to Legal 500 2020, Jason has been described as "one of the best partners in Dublin: extremely hardworking, commercially astute, excellent legal advice, proactive and solutions focused," as well as having a "very professional manner and is extremely knowledgeable on the property market. I would be delighted to use his services again."
  • "Jason gives clear direction and operates a partnership approach with my team and me. He has an excellent can-do and commercial attitude." Another interviewee notes that he "is one of the new up-and-coming partners," "very knowledgeable, turns things around quickly and is dependable.” Chambers Europe 2020
  • Jason was ranked in Legal 500 EMEA 2017 as a 'Next Generation Lawyer' in Banking & Finance.

Padraic Kinsella

  • According to one client, "Padraic stands out for his excellent responsiveness and dedication to transactions. He has a very commercial approach in dealing with issues as they arise, will always seek to find a path through to consensus with all parties, is very proactive in keeping a transaction moving, and shows strong attention to detail."  Legal 500 2020
  • Clients describe Padraic as "excellent" and "very personable and easy to get along with, very proactive and always available.” He "has a very in-depth knowledge of the product and is very proactive." Another client notes that he "remains very cool and gets his point across, knows what he’s doing and knows where we are coming from, what our levels are and what we’re flexible on." Chambers Europe 2020

Key Contacts

Jason Hollis Partner

Lyn Brennan Partner