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Publications

John-Hugh ColleranJohn-Hugh Colleran

EMAIL
JohnHugh.Colleran@dilloneustace.ie

DIRECT DIAL
  + 353 (0)1 673 1731

NAME: John-Hugh Colleran

TITLE:  Partner 

OFFICE: Dublin

PRACTICE AREA: Banking and Capital Markets

EDUCATION: Trinity College Dublin and the Law Society of Ireland

PROFILE: John-Hugh joined Dillon Eustace in 2013 and became a partner in 2015. John-Hugh advises domestic and international financial institutions and corporate clients on a broad range of banking and finance transactions. His practice covers secured and unsecured financings, bilateral and syndicated lending, security and inter-creditor packages, tax based lending structures, acquisition finance, general corporate lending and restructures. He acts for vendors, purchasers and financers on disposals and acquisitions of distressed assets. John-Hugh is highly experienced in reviewing loan and security documentation for financial institutions and the purchasers and servicers of Irish loan books, and advising them on restructuring, rectification and enforcement and recovery options.

John-Hugh’s career experience includes working for an international bank on transactions and new products for its wholesale lending and structured finance teams. His work there included advising on participations in syndicated facilities, large and mid-cap corporate loans and invoice discounting and receivables purchases. The role also involved work on the restructuring and enforcement of a large book of non-performing loans.

John-Hugh lectures and tutors with the Law Society of Ireland and regularly gives presentations to bankers and banking lawyers.

RECENT ENDORSEMENTS

In IFLR 1000 2016, clients praised John-Hugh as “extremely efficient and pro-active in getting transactions over the line” and commented that he “adopts a practical commercial approach to any issues that arise.” 
In Legal 500 2017, clients recommends John-Hugh as “hardworking and easy to deal with”.

REPRESENTATIVE ACTIONS:  

  • Advising an international bank on a project involving five separate high value re-financings of loan facilities to a leading global investment fund manager in respect of the acquisition of five loan books secured primarily on Irish commercial real estate.  
  • An international bank on a €22 million loan facility to a sub-fund in an Irish ICAV platform for the acquisition of a high profile investment property comprising four office blocks in south Dublin.
  • NAMA as a lead partner on the Project Gem loan sale of a distressed loan portfolio secured over Irish commercial and residential property assets as well as assets in other jurisdictions, including the UK, the US and Germany. Project Gem was reported to have a par value of around €3bn. 
  • NAMA as a lead partner on the Project Emerald/Ruby loan sale of loan assets, secured over Irish commercial and residential property, with a reported par value of €4.7bn.
  • Allied Irish Banks, p.l.c. on a range of lending transactions, including: property acquisition deals; acquisitions of hotels and public houses; financing the acquisition/expansion of nursing homes; financing of shopping centres, and lending to borrowers in various sectors including food & agriculture and manufacturing.
  • An international bank, as the arranger/lender, on the financing of the acquisition from Permanent TSB of a portfolio of non-performing loans secured on Irish commercial and residential property, with a par value of c. €500m.
  • An Irish QIAIF on its loan facility from Ulster Bank for approx. €19m in for its acquisition of a high value industrial premises in Dublin.
  • The arranger, one of the world’s leading investment/private banking and asset management groups, on the senior financing of the purchase by a US global credit/fixed income fund manager of a loan secured on four regional Irish shopping centres.
  • An international bank on financing for the purchasers of a portfolio of loans with an outstanding par value of circa €2bn, secured on residential and commercial real estate assets located mainly in the Republic of Ireland, from Lloyds Banking Group.
  • NAMA in relation to the Capital Portfolio loan sale comprising loans with a par debt of c. €62m secured over Irish retail and industrial premises.
  • A US private equity firm on the banking and finance aspects of the sale of its shareholding in an Irish property fund structure for more than €400m to a US mortgage REIT.
  • Lenders and borrowers on invoice discounting/receivables purchase transactions.
  • The single largest purchaser of the loan books sold by the special liquidators of Irish Bank Resolution Corporation (IBRC). Advised on both acquisitions and financing for transactions including Quartz and several tranches of the Stone portfolio (an Irish originated CRE loans secured on Irish, UK and Continental European properties) and a significant portion of the Sand portfolio (Irish originated residential mortgages). Acting for other bidders in relation to the acquisition/financing of other parts of the IBRC loan books.
  • A group of investors on a substantial restructure and re-documentation of IBRC loans with a total liability of c. €20m.
  • Irish banks and purchasers on Irish loan portfolios of distressed debt, including: reviews of loan and security documentation; variation and restructuring of non-performing loans; rectification of security defects and taking new security; and advising on enforcement/recovery.
  • NAMA and other Irish institutions on the negotiation and implementation of settlement agreements.