Ropes & Gray has been named Banking & Finance Team of the Year at the British Legal Awards 2024 in recognition of its work advising American Industrial Partners (AIP) on the financing of its double acquisition of AquaShip and Intership. The British Legal Awards celebrate the outstanding contributions of legal professionals, firms, and teams shaping the landscape of law in the UK.
The transaction was significant as it marked AIP’s first large European financing of scale and created one of the largest and most diversified aqua service vessel operators globally across Europe, North America and South America. The team delivered a unique and innovative financing which blended leverage financing terms, infrastructure financing terms and distinctive terms from the Nordic ‘wellboat’ market, whilst also contemplating a diverse asset base across three continents and six jurisdictions.
The financing deal team consisted of finance partner Alex Robb, counsel Sean Darling and Ana Biloglav, associates Kahill Sarronwala and Alma Yasin, trainees Oscar Burman and Imogen Galilee, and derivatives partner Anna Lawry.
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