Leading firms drive AU$1bn securitisation deal to completion

Six firms figure in the multi-series master trust securitisation transaction for a vehicle and equipment fleet-management company

Leading firms drive AU$1bn securitisation deal to completion

Six leading firms have advised in the AU$1bn securitisation deal for Custom Fleet.

Ashurst acted for Custom Fleet on its new multi-series master trust securitisation of vehicle and equipment fleet leases. Custom Fleet is a part of Element Fleet Management Corporation, a leading fleet-leasing company in Australia and New Zealand.

Global markets partner Jennifer Schlosser led the Ashurst team, which included financial regulation partner Philip Trinca, tax partners Ian Kellock and Barbara Phair, and corporate transactions partner Nigel Deed.

KWM, with a team led by partner Paul Smith, acted for Bank of America Merrill Lynch, Westpac, and JPMorgan as senior financiers.

KWM also acted for certain swap counterparties. Another swap counterparty was advised by MinterEllison.

Clayton Utz acted for the deal’s mezzanine financiers. The firm’s team was led by partner Andrew Jinks.

Norton Rose Fulbright acted for Perpetual, which was the securitisation’s trustee. Blakes Canada provided Canadian law advice.

 

Recent articles & video

Three added to District Court bench

New Gisborne Crown Solicitor named

NZLS president calls for AML/CFT compliance reform

Silk asks Parliament committee to drop mandatory tikanga Māori course for law students

High Court upholds will's validity amidst dispute over testamentary capacity

Court of Appeal hears arguments on what constitutes legal services

Most Read Articles

Transitioning from partner to barrister and embracing AI in law

Silk asks Parliament committee to drop mandatory tikanga Māori course for law students

High Court upholds will's validity amidst dispute over testamentary capacity

CLM partner urges lawyers to get to know their fellow practitioners