Paul Worsnop is a senior associate within the corporate department in Jersey. He has a broad and varied practice advising on all aspects of corporate and finance transactions with a particular emphasis on fund finance and formation, complex debt restructuring, financial services regulation and technology and innovation (including Fintech).
Prior to commencing his legal career, Paul spent two years as a project manager in the software development industry which is reflected in the commercial and practical advice he offers his clients and his sector focus.
Paul is an active member of a number of industry working groups on the Island looking at areas including the implementation and regulation of Fintech and RegTech in Jersey, the AML/KYC regime and legal reform.
Paul also contributes to a number of local and international publications including authoring the Jersey chapters of the Global Legal Insights guide to Fund Finance for 2018, 2019 and 2020 and the Chambers Fintech Guide 2018.
Paul qualified as a Solicitor of England and Wales in 2014 and is currently in the final year of his Jersey advocacy exams.
Paul’s recent highlights include:
- Providing on-going advice and assistance to a large private equity firm on numerous transactions including subscription line, NAV and GP facilities.
- Advising a leading Nordic private equity firm on the management and administration of its existing funds and putting in place subscription line, NAV and portfolio company facilities.
- Advising a Fintech payment solution start-up on all aspects of its incorporation and establishment, capital structuring and the application of financial services and AML regulatory regimes to its proposed activities.
- Advising a FTSE 250 international services business on the Jersey elements of a pre-sale hive out of a circa GBP 1 billion line of business operating in over 40 jurisdictions.
- Advising a leading international private equity firm on the restructuring of a GBP 300 million plus portfolio of hotels and other leisure assets to rationalise intragroup debt and facilitate a return of capital.
- Advising Goldman Sachs on a GBP 275 million senior facility and a GBP 65 million mezzanine facility, each to be advanced to a multi-national conglomerate.
- Advising a leading crypto business on the regulatory treatment and enforceability of certain OTC derivative products to be offered to institutional and professional investors.
- Advising a leading international lender in relation to a GBP 120 million capital call facility to be advanced to the latest European real estate fund launched by a leading international sponsor.
- Advising a leading US Bank on its USD 1.5 billion term loan, with a further USD 300 million accordion and the related purchase of USD 800 million secured senior notes.
- Advising a syndicate of lenders in relation to a GBP 525 million senior term facility, a EUR 534 million senior term facility, a GBP 155 million senior revolving facility and a GBP 265 million second lien facility to finance a take private initiated by a leading private equity firm.
- Advising the initial purchasers on the issue by Adient Global Holdings Ltd of USD 900 million and EUR 1 billion tranches of CISE listed notes.
- Advising a leading US bank as agent for the senior lenders in relation to a GBP 560 million (senior) and GBP 240 million (junior) corporate development facilities provided to a London-focused development and investment Company delivering one of the most exciting regeneration schemes in Europe.
- Advising Lone Star Funds on financing its GBP 250 million acquisition of Quercus Healthcare Property Unit Trust (as part of its wider acquisition of the Quercus Healthcare Fund from Aviva Investors).
- Advising a top five US bank on the Jersey elements of GBP 150 million put option financing to a large investment fund with NAV in excess of USD 5.5 billion including advice on the option agreement, stock loan, GMSLA and ISDA arrangements and netting.
- London School of Economics (England)
- Nottingham Law School (England)