Now that the universal frenzy for loan assets has faded into history, there is once again a role for the independent financial adviser in assembling large lending groups. Rothschild recently proved this when Peel Ports refinanced its debt to the tune of £1.6bn ($2.54bn), via a whole business securitisation.
Peel Ports is part of the wider Peel Group, which has been built up by UK property billionaire John Whittaker over the past 40 years. As the UK’s second largest port owner, its operations include Glasgow’s Clydeport, Medway Ports, container terminals in Belfast and Dublin, and, the jewel in the crown, the combined Port of Liverpool and the Manchester Ship Canal.
