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19 January 20241 minute read

DLA Piper advises INEOS Automotive Limited on significant asset-based financing

A cross-border team of DLA Piper lawyers has advised INEOS Automotive Limited, automotive arm of the multinational INEOS Group, on the negotiation and provision of working capital through a significant asset-based finance facility, as provided by Barclays Bank PLC and Banco Santander S.A..

Matt Christmas, partner and Head of International Leveraged Finance at DLA Piper, comments: “We're delighted to have supported Paul Maddison, CFO of INEOS Automotive, on this innovative funding solution. Working alongside the KPMG debt advisory team of Anton Krawchenko, Saran Lall and Sabrina Wang, it demonstrates the strength of the DLA Piper team in delivering complex cross-border ABL solutions for our clients.”

The DLA Piper team was co-led by Matt Christmas (Manchester), and Finance partner Joe Frew (Manchester), and comprised legal director Alastair Carruthers (Manchester) and associate Alex Stone (Manchester), with partner Romain Guenin (Paris) and associate Giuliana Barbosa (Paris) advising in France.