Magdalene Bayim-Adomako is head of Bank Finance in the Firm's Banking & Capital Markets group in London.

Magdalene has extensive experience in all areas of banking law with particular experience in advising on acquisition finance, structured receivables, and trade and commodity finance transactions. Magdalene has represented a wide range of financial institutions, lenders and borrowers on syndicated, bilateral, secured and unsecured financings including project finance and securitisation of loan and trade receivables in a wide range of jurisdictions including Latin America, Russia and Eastern Europe, Africa and the Middle East. Magdalene has been a partner of the London office since 2000 and was previously a Director in-house counsel at UBS AG.

Magdalene is rated and recommended by both Legal 500 and Chambers & Partners and was most recently named as one of Europe's 100 most influential business women in the Financial News 100 Women in Finance list.

Recent notable transactions include:

• Advising the steering committee of lenders in connection with the complex consensual restructuring of the US$1.7 billion facilities of a Kuwaiti investment company listed on both the Kuwaiti and London stock exchanges. This restructuring involved over 50 financiers, across multiple jurisdictions, to agree to new multi-currency conventional, Islamic and bilateral facilities and was the first of a Kuwait investment house, likely to be seen as a bench mark in the region. The restructuring involved combining unsecured English law syndicated facilities with bilateral facilities governed by laws of jurisdictions in the Middle East into two English law syndicated facilities (one conventional and one an Islamic law Murabaha) and one English law bilateral facility. Additionally, in order to meet its repayment obligations Global has transferred assets into a Macro Fund and other real estate assets to an SPV with a view to selling down these assets in an orderly manner and repaying the debt. Security has been provided over these assets. This restructuring won ‘Most Innovative Deal' at the Euromoney Islamic Finance Awards 2009 and ‘Restructuring Deal of the Year' at the IFLR Middle East Awards 2010;
• Acting for the steering committee of lenders in respect of the proposed financial restructuring of an international steel manufacturing group headquartered in Saudi Arabia and operating across EMEA and Asia regions in relation to a multi-billion US$ portfolio of bilateral and syndicated facilities (including conventional and Islamic) and complex hedging structures;
• Acting for the lead arrangers in relation to a US$1.2 billion trade related term loan credit facility to PDVSA;
• Acting for KBC Bank NV (as Agent) in relation to the administration of the TXU Group in connection with facilities made available to TXU Europe Finance Limited (guaranteed by TXU Europe Group plc) under a US$220 million letter of credit reimbursed facility;
• Acting for the Mandated Lead Arrangers, HVB, Nordea Bank and HSH Nord Bank, in connection with the provision of credit facilities, to a CVC Capital Partners-incorporated SPV, for the DKK5.2 billion acquisition of Danish drug store chain Matas A/S by CVC. It had a senior, revolver and a second lien piece and the Credit Facilities were secured by a limited security package due to the Danish thin-capitalisation rules;
• Acting for Goldman Sachs, Citibank, HSBC, Commerzbank, Credit Suisse, Société Générale, Caja de Ahorros y Monte De Piedad de Madrid, The Royal Bank of Scotland plc and Lloyds TSB Bank plc as Mandated Lead Arrangers and Rabobank as Issuing Bank in the €10.8 billion financing for the cash portion of Mittal Steel N.V.'s €25.8 billion bid to acquire French rival, Arcelor SA;
• Acting for Cukurova Holding, a leading Turkish business conglomerate, in borrowing US$1.5 billion from a syndicate of financial investors led by JP Morgan. This high-profile financing is to be used by Cukurova Holding to refinance its debt to the Alfa Group, a financial services company, and forms part of a larger restructuring of the group, including disposal of a majority stake in its insurance subsidiary, Genel Sigorta and a minority stake in its radio, TV and print media businesses; and
• Acting for CIBC, Deutsche Bank and Morgan Stanley in connection with the provision of €1.005 billion of senior debt, €70 million second-lien and €200 million mezzanine financing to CVC Capital Partners for the acquisition of Ruhrgas Industries GmbH, the metering and furnacing division of E.ON Ruhrgas AG. We also acted for Deutsche Bank in the provision of staple financing

Bars and Courts
England and Wales, 1991

Education
LPC, College of Law in Chester, 1987
LLB, Leeds University, 1984

Publications
Co-author of "The aftershock: Lawyers prepare for credit crisis par dieu," Journal of International Banking & Financial Law, September 2010

Languages
English

Citizenship
British