October 2, 2022

StuffStrife

Enduring Values

Evan Berman Joins Ropes & Gray in New York, Escalating the Firm’s Securitization Follow

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Finance

Global regulation organization Ropes & Gray now announced that Evan Berman has joined the business as counsel, centered in the firm’s 500-law firm New York business. Evan provides comprehensive securitization finance experience and will aid build out the firm’s industry-primary complete-enterprise securitization system.

Evan has endorsed popular franchisors including Dunkin’, Carl’s Jr., Hardee’s, Arby’s, Wingstop and Jimmy John’s, their private equity sponsors, and expenditure banks in more than $10 billion of complete-organization securitizations. Evan has substantial knowledge in a lot of other types of securitizations as properly. For instance, he represented (i) the first purchasers in connection with the issuance of $500 million of securitized notes backed by revenues from the Miramax film library, in the 1st movie securitization shut since the monetary crisis, (ii) the U.S. Treasury as take note purchaser in a $1.5 billion retail installment agreement securitization for Chrysler as component of TARP, (iii) SBA Communications, one particular of the greatest wireless mobile tower operators in the Western hemisphere, in a $1.165 billion securitization of mobile towers and (iv) the California Public Utilities Commission in link with the financing purchase for PG&E’s $7.5 billion securitization of wildfire restoration expenses. Prior to rejoining private follow, Evan was the Chief Lawful Officer (Americas) at StormHarbour Securities, a structured finance centered world wide expense lender, where by he was named to The Legal 500 GC Powerlist in 2019.

“The yields on full-organization securitizations, alongside with most other types of financial debt, have risen in the past yr, and the workforce at Ropes & Gray sees this is a vital moment to mature our WBS choices,” mentioned Stefanie Birkmann, co-head of the firm’s world finance follow team. “Evan is a strong and knowledgeable advisor to clientele that are operating across industries. He is nicely positioned to enable all those sector-major customers capitalize on securitization and other bespoke financing opportunities.”

“Ropes & Grey helped pioneer the total-business enterprise securitization market a ten years and a 50 percent in the past. Due to the fact then, its exercise has been at the forefront of the most complex and consequential perform staying finished in the space” Evan explained. “I am energized to be signing up for this marketplace-top securitization team and look forward to helping our environment class clients execute their transactions at the highest level.”

Evan’s arrival arrives on the heels of one more complete-enterprise securitization expert joining the organization in March. Chris Poggi, a finance lover, was hired to co-lead the firm’s securitization exercise along with present finance spouse Patricia Lynch, and both equally Chris and Patricia will function closely with Evan.

Ropes & Gray’s finance follow is continually ranked amid the world’s greatest and recently received apply-wide and specific attorney recognition in Chambers United states of america, The Lawful 500, and U.S. Information. The firm’s recognition as a chief in securitization stems from groundbreaking perform on the 2006 Dunkin’ total-business enterprise securitization and is exemplified through repeat operate in this place with consumers these kinds of as Domino’s Pizza, Earth Health and fitness and Servpro Industries. The exercise also covers transactions outside the house of complete-small business securitizations, which includes media and amusement securitizations, stranded price securitizations, CLOs, and other financings backed by esoteric assets.