25 October 2018 - Events
Represented numerous technology companies in connection with venture debt financings funded by Silicon Valley Bank, Columbia Lake Partners, Kreos Capital, Harbert and Triplepoint Capital.
Advised number of early stage technology focused borrowers on security packages which frequently involved consideration of complicated issues over lender control of revenue streams, management of receivables, online payment collection and cash sweep mechanics.
Advised SoundCLoud on $40m syndicated venture debt financing which involved a significant and complex cross border security package in UK, Germany and USA.
Advised leading venture fund on exist strategy and sale of Lotus F1 Team Ltd to Renault SAS drafting over 50 bespoke technical lending agreements for investors, shareholders and 3rd parties and termination and release contracts to consolidate and ratify existing debt position and enable clean exit arrangements.
Advised investor/entrepreneur on a proposed lending and security package in conjunction with a series of convertible loan note investments.
Advised Goldman Sachs and Goldman Sachs Alternative Energy Group in connection with $450m cross border Project Finance and Property Finance transaction for development of gas and electricity power station.
Advised CIBS World Markets, ING Bank N.V. and RBS as joint arrangers in connection with the provision of £515m credit facilities for the acquisition of Trader Media Group.
Advised Gilde Invetment Management B.V. in conection with £110 cross-border management buyout of a Swedish Target and subsidiaries in seven jurisdictions with significant local law financial assistance and structural subordination issues.
Advised a large equipment leasing company in connection with £85m international securitisation of receivables funded by Deustche Bank AG drafting multiple intercompany service and payment stream agreements and sub-purchase agreements for the underlying receivables in order to facilitate the securitisation mechanics within the group structure.
Advised Babcock & Brown in conection with £280m (£205m debt) acquisition of IEG.
England and Wales, 2001
“An Introduction to Venture Debt with JAG Shaw Baker” workshop and presentation by Kym Jesse and Tina Baker at Rocketspace Events on 7th August 2018
Me in a minute
I really enjoy representing early stage venture backed businesses in the tech and fin tech spheres
I specialise in banking and finance law, with a passion for venture debt finance and UK and cross border acquisition finance, although I am fortunate to have worked on a variety of different types of finance transactions during my career, including investor funding, receivables financing, securitisation and trade finance which has given me a real variety of experience.
I have represented and advised institutional lenders, private investors, venture capitalists and corporate borrowers across a breadth of industries, including life sciences, clean tech, digital tech, health and leisure. I really enjoy representing early stage venture backed businesses in the tech and fin tech spheres entering into venture debt transactions, helping them to explore alternative ways to finance growth for their startups alongside traditional equity funding. This frequently involves structuring and negotiating appropriate and unrestrictive security packages for these types of businesses where their major asset porfolios is often limited to cash receivables and developing intellectual property and having to reconcile cash flow mitigations, working capital requirements, receivables and cash flow financing with lender collateral expectations. In my view, this type of financing and the enforced in depth understanding of the client’s business and business model required when acting borrower side, gives me a real opportunity to get to know my client and their business.
I am able to deliver a high standard and versatility in drafting banking agreements, having frequently advised on a variety of corporate, institutional, private and venture lending and borrowing and preparing and/or negotiating both bespoke and conventional documents to implement these arrangements.
It is often a challenge to simplify a very technical area of law and to find a way round institutional red tape and legal restrictions facing a lender to ensure we achieve a commercially workakable deal for a borrower, but I love working through these challenges! With the benefit of both lender and borrower representative experience, I am able to give experienced and practical advice on the best commercial position for the borrower together with honest advice on what is achievable in reality.