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Patrick Donegan

Partner

Portrait ofPatrick Donegan

Patrick Donegan

Partner

Contact
CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English

Patrick Donegan is a partner in the Banking and Finance Group. He has been with CMS since 2003 and was made a partner in 2011.

He has a wide range of experience in corporate and leveraged finance and other structured financings, including real estate financing. He has also acted on a number of complex restructurings. 

Patrick’s clients include sponsors and other private equity providers, banks and other financial institutions, regulated utilities and corporate borrowers. He also focuses on the infrastructure and energy sectors. 

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“bright and solution orientated” and “an expert in bank financing structures”

Legal 500

“bright and solution orientated” and “an expert in bank financing structures”

Legal 500

Relevant experience

  • A CKI led consortium on facilities to assist in its EUR 980m acquisition of AVR, the energy from waste group in the Netherlands.
  • An infrastructure investor on its fully funded bid for Fortum’s Finnish distribution network.
  • Ithaca Energy  on a USD 350m  bridge facility part of which was used to assist in its public takeover of Valiant Petroleum.
  • A syndicate of lenders on GBP 500m of facilities to finance a portfolio of PPI investments.
  • Lloyds Bank  on its GBP 680m structured financing of the acquisition by a financial institution of an interest in a limited partnership that owned interests in gas fields.
  • UK Power Networks in respect of its working capital facilities.
  • Northumbrian Water Limited in respect of its working capital facilities.
  • Enterprise Inns plc on a variety of facilities including facilities to assist in the GBP 2.3bn acquisition of The Unique Pub Group and a GBP 650m forward start facility.
  • Galliford Try plc on a variety of facilities including  GBP 450m facilities part of which were used to acquire the Linden Homes Group and  GBP 400m corporate facility.
  • Value Retail on various working capital and structured real estate facilities for their villages across Europe. 
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Expertise

Feed

22/01/2024
Case Update: Dassault Aviation SA v Mitsui Sumitomo Insurance Co Ltd (2024)
This alert discusses the recent decision from the Court of Appeal in the case of Dassault Aviation SA v Mitsui Sumitomo Insurance Co Ltd [2024] EWCA Civ 5 which considered contractual interpretation of...
Law-Now
28/11/2023
Leveraged finance: handling an impending financial covenant breach
A forecast breach of a financial covenant is often an early warning sign that a business is not performing to plan. Unless self-help remedies are open to the borrower, lenders will have an opportunity...
Publication
30/10/2023
InDebt
Welcome to InDebt, our knowledge hub of legal insights focusing on the global debt markets.   The recent evolution of the lending market has involved significant regulatory change and has led to greater competition in the supply of debt funding. While current geopolitical and macroeconomic challenges continue to press borrowers, all market participants will want stay up to date with key developments and issues as they arise.   InDebt aims to help navigate these challenges, providing practical insights to the topical issues, regulatory updates and case law affecting all stakeholders. Content will be regularly updated. If there is a topic you’d like to discuss further, please do get in touch.
Publication
10/08/2023
The impact of Pillar Two and the BEPS Actions on finance transactions
Increasing interest rates, inflationary costs and the threat of restricted growth (or even recession) continue to add pressure on borrowers. Those pressures, combined with the lower headroom on financial...
Law-Now Tax
04/05/2023
Re Avanti Communications Ltd (In Administration) (2023): fixed or floating...
This briefing considers the recent case of Re Avanti Communications Ltd [2023] EWHC 940 (Ch) in which the English Court considered what was required to characterise a fixed charge, rather than a floating...
Law-Now Restructuring & Insolvency
13/04/2023
To assign or not to assign – that’s a real question
When taking security over assets, often the default position for lenders has been to take an assignment over assets where they can, in preference to alternative forms of security such as a charge. However...
Law-Now Banking & Finance
01/12/2022
Synthetic LIBOR update: 3 month synthetic sterling LIBOR to cease end March...
Our previous Law-Nows in July and October discussed the market consultation of the FCA earlier this year on the cessation of synthetic sterling LIBOR settings and its initial consideration of the potential...
Regzone Financial Services & Regulation
28/11/2022
Synthetic LIBOR update: 3 month synthetic sterling LIBOR to cease end March...
On 23 November 2022 the Financial Conduct Authority (the “FCA”) announced that the 3 month synthetic sterling LIBOR setting will cease permanently at the end of March 2024. The FCA also launched...
Law-Now Banking & Finance
10/10/2022
1 and 6 month synthetic sterling LIBOR settings to cease after 31 March...
In our Law-Now at the end of July we discussed the market consultation of the Financial Conduct Authority (the “FCA”) on the cessation of synthetic sterling LIBOR settings and the potential publication...
Law-Now Banking & Finance
27/07/2022
FCA consultation on synthetic LIBOR - cessation of sterling settings and...
Sterling In the sterling loan market, the FCA understands that the remaining sterling LIBOR syndicated loans have been more difficult to transition, particularly in the context of complex multi-cur­rency...
Regzone Financial Services & Regulation
27/07/2022
FCA consultation on synthetic LIBOR - cessation of sterling settings and...
On 30 June, the Financial Conduct Authority (the “FCA”) launched a consultation on completing the transition away from the remaining 1 month, 3 month and 6 month “synthetic” sterling LIBOR settings...
Law-Now Banking & Finance
04/04/2022
CMS advises a Consortium on acquisition of 60% stake in National Grid gas...
International law firm CMS has advised a Consortium comprising Macquarie Asset Management, a global asset manager and the world’s largest infrastructure manager, and British Columbia Investment Management...
News
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