The Yearbook & Directory of Ireland's international financial services industry Sunday, 22nd September 2019
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Colleran, John-Hugh

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Colleran, John-Hugh


Firm: Dillon Eustace
Position: Partner
Address: 33 Sir John Rogerson's Quay Dublin 2
Phone: + 353 1 673 1731
Fax: + 353 1 667 0042
Email: JohnHugh.Colleran@dilloneustace.ie
Personal URL: http://www.dilloneustace.ie/Our-People/John~Hugh-Colleran

Special Areas:

John-Hugh joined Dillon Eustace in 2013 and became a partner in 2015. John-Hugh advises domestic and international financial institutions and corporates on a broad range of banking and finance transactions, including secured and unsecured financings, bilateral and syndicated lending, security and inter-creditor packages, tax based lending structures, acquisition finance, general corporate lending and restructures. He also advises on disposals and acquisitions of distressed assets, acting for vendors, purchasers and financers. John-Hugh has considerable experience in reviewing loan and security documentation for financial institutions and purchasers/servicers of Irish loan books, and advising them on restructuring, rectification and enforcement and recovery options.

Before joining Dillon Eustace, John-Hugh worked with an international bank on transactions and new products for its wholesale lending and structured finance teams, including advising on participations in syndicated facilities, large and mid-cap corporate loans and invoice discounting and receivables purchases. This role also involved significant involvement in restructuring and enforcement in relation to a large book of non-performing loans. Prior to that, John-Hugh worked with a top tier Irish law firm.

Projects:

•Advised an international bank, as the arranger/lender, in relation to the provision of financing to a purchaser for the acquisition from Permanent TSB of a portfolio of non-performing loans secured on Irish commercial and residential property, with a par value of circa €500 million.

•Advisor to an Irish QIAIF on its loan facility from Ulster Bank for approx. €19 million in respect of its acquisition of a high value industrial premises in Dublin.

•Advising Allied Irish Banks plc on a variety of recent lending transactions, including property acquisition deals, the acquisition of hotels and public houses, financing the acquisition/expansion of nursing homes, as well as lending to borrowers in various other sectors, such as food & agri, manufacturing and retail.

•Advised NAMA in its successful disposal of Project Arch which consisted of loan and security assets in respect of five borrower connection to with a par value of €608 million.

•Acted for the financers (an international bank) in relation to the financing extended to the purchasers of a portfolio of loans, secured on residential and commercial real estate assets located primarily in the Republic of Ireland, from Lloyds Banking Group (with an outstanding par value of circa €2 billion).

•Advised a U.S. private equity firm on banking and finance aspects the sale of its shareholding in an Irish property fund structure for in excess of €400 million to a U.S. mortgage REIT.

•Acted for the arranger, one of the world’s leading investment/private banking and asset management groups, in connection with the provision of senior financing to the purchaser (a US global credit/fixed income fund manager) of a loan secured on four regional Irish shopping centres.

•Advised, on both acquisitions and financing, for the single largest purchaser of the loan books sold by the special liquidators of Irish Bank Resolution Corporation (IBRC) including Quartz and a number of tranches of the Stone portfolio (Irish originated CRE loans secured on Irish, UK and Continental European properties) and a significant portion of the Sand portfolio (Irish originated residential mortgages). Also, acting for other bidders in relation to the acquisition/financing of other parts of the IBRC loan books.

•Advising both lenders and borrowers on invoice discounting/receivables purchase transactions.

•Acted for a group of investors in relation to a substantial restructure and re-documentation of IBRC loans with a total liability of approximately €20 million.

•Advising Irish banks, NAMA and purchasers of Irish loan portfolios on distressed debt, including reviews of loan and security documentation, variation and restructuring of non-performing loans, rectification of security defects and taking new security and providing advices on enforcement/recovery.

•Advising NAMA and other Irish institutions in relation to the negotiation and implementation of settlement agreements.

Qualifications:

Trinity College Dublin and the Law Society of Ireland

Memberships:

John-Hugh lectures and tutors with the Law Society of Ireland and regularly gives presentations to bankers and banking lawyers. John-Hugh is also admitted to the Roll of Solicitors in England and Wales.