Recent years have seen a rise in the number of loan portfolio sales and acquisitions involving Scottish loan collateral in both the commercial and residential sectors and our team is regularly involved in acting for sellers, bidders, purchasers and their funders. 

We are one of the few teams in Scotland with the requisite expertise and experience to deal with all aspects of a purchase, from volume loan file due diligence through to asset acquisition, advising on asset work-out strategies, funding and onward securitisation, having worked on some of the most prominent transactions involving Scottish assets of recent years.


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Experience

Cerberus Capital Management
Acting as Scots Counsel for the funders of the purchase of the £13bn residential UK mortgage portfolio by US investment firm, Cerberus Capital Management from NRAM, the largest residential mortgage portfolio sale since the financial crisis in 2007.
Purchase of commercial loan book
Acting as Scots Counsel on behalf of a US private equity fund in relation to the purchase of a commercial loan book from a UK clearing bank, the secured assets of which included a large domestic shopping centre.
Joint venture
Acting as Scots Counsel for the joint venture vehicle between Blackstone Tactical Opportunities and TPG Special Situations Partners – Koala (Cayman) Limited in relation to the Scottish aspects of the sale of Kensington Mortgage Company and associated companies from Investec to the joint venture.
NAB and Clydesdale Bank
Acting on behalf of NAB and Clydesdale Bank in relation to disposals of their Commercial Real Estate portfolios in Scotland.
UK clearing bank
Acting as Scots Counsel on behalf of a UK clearing bank in relation to the intra-group legal title transfer of c3,500 Scottish mortgages.
Wells Fargo
Acting as Scots Counsel on behalf of Wells Fargo in relation to its acquisition of a $23bn Commercial Real Estate portfolio from GE Commercial Real Estate.