AKD Partners advises INEOS Automotive Limited on significant asset-based financing

A cross-border team of AKD Partners 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 AKD Partners, 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 AKD Partners team in delivering complex cross-border ABL solutions for our clients.�

The AKD Partners 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.