LONDON – Reed Smith has advised client Deutsche Bank on the strategic disposal of a portfolio of $1 billion of shipping loans spread across a diversified pool of maritime sectors and sponsors.

Related Professionals: Richard M. Hakes Simon Hugo Thomas P. Gierath Simon G. Grieser Volker Kammel Tilman Siebert

Type: News Releases

The multi-disciplinary, cross-border team was led by London-based asset finance partner Richard Hakes, who was assisted by fellow partners Simon Hugo in London, Volker Kammel and Simon Grieser in Frankfurt, and Tilman Siebert and Thomas Gierath in Munich.

Commenting on the transaction, Richard Hakes said, “It was great to work with Deutsche Bank on this strategically important transaction for them, and the competitive process demonstrates a healthy continuing appetite among alternative capital providers to enter the shipping sector. We are very pleased to be in a position to support the bank as it moves from disposals and de-risking to focusing on adding value to its ship finance clients – it is a welcome good news story for the sector.”