Emilie E. Stewart

Emilie’s representative experience includes advising:

Real Estate Finance

• Macquarie Asset Management on its clients’ investment in £400 million in notes related to a portfolio of commercial ground leases. In this innovative transaction, the notes are secured against a portfolio of 55 ASDA supermarket sites across the UK.
• Fortress Investment Group on the acquisition of Punch Pubs & Co.
• A U.S. private equity sponsor on the acquisition and financing of a real estate business from a Spanish bank, consisting of a real estate servicing business and a portfolio of real estate assets located primarily in Spain, with a net book value of approximately €7 billion, and related joint venture arrangements.
• A U.S. private equity sponsor in the acquisition of a group owning a real estate asset located in La Défense, Paris, out of an insolvent structure, and the subsequent refinancing of the group.
• A U.S. private equity sponsor for the financing of the acquisition of a government-owned entity holding distressed real estate interests in Germany.
• A U.S. private equity sponsor on the acquisition and loan-on-loan financing of a real estate servicing business owning a CRE-backed non-performing loan portfolio from the Dutch government.
• A U.S. private equity sponsor in connection with the acquisition and loan-on-loan financing for a portfolio of commercial real estate debts located in Spain and Portugal with a face value of €4.4 billion.
• A U.S. private equity fund on the loan-on-loan financing for its credit investment in a Dutch office building.
• A number of large financial institutions on their loan-on-loan financings and English aspects of their repo financings, in each case for real estate-backed loans across Europe (including in the UK and Spain).
• A Spanish homebuilder on its super senior RCF in connection with its green bond issuance of €300 million senior secured notes.
• A portfolio company for a U.S. private equity fund, on its SSRCF alongside its green bond offering of €300 million senior secured notes.

Special Situations, Alternative Capital, and Hybrid Opportunities

• A large U.S. hedge fund on its convertible debt investment in a Canadian infrastructure company.
• Eldridge Industries, a leading investment firm and partner in Fulwell 73, in its merger with The SpringHill Company, which included an investment via a convertible debt instrument. 
• Multiple special situations investors on their joint acquisition of Iona Energy, out of an administration and CVA and related financing, co-investment, and management incentive arrangements.
• A U.S. group on aspects of its restructuring and the disposal of its North Sea business.
• A global private equity fund in the acquisition of a portfolio of non-performing Irish corporate debt and equity positions with a face value of €2.5 billion and the subsequent work-out and restructuring of a number of such positions.
• A private credit desk within a bank and its co-investor on the acquisition and financing of a distressed loan portfolio in CEE.
• Two special situations investors on the acquisition of various commercial shipping loan portfolios.
• An opportunistic investor on the financing for their acquisition of a portfolio of distressed loan and real estate assets located in Spain, from Banco Sabadell.
• An alternative lender on a number of its bespoke credit investments in telecom companies located across the Middle East.

Energy and Infrastructure Finance

• Pictet Alternative Advisors in certain financing aspects of its acquisition of Pareto FM.
• One Equity Partners and Buckthorn Partners in connection with their financing for the acquisition of Amey UK plc from Ferrovial.
• An NYSE-listed independent energy company on the refinancing of its debt portfolio secured by producing properties in the UK North Sea.
• An O&G corporate on its financing for the successfully completed US$1.4 billion acquisition of a 50% ownership interest in Petrobras Oil and Gas B.V., which owns interests in two of Africa’s largest producing oil and gas assets, located offshore Nigeria.
• A UK oil company on its raising of funds through forward sales, prepaid swaps, and production payments.

*Some of the above matters were handled by Emilie prior to joining Sidley.

• Law Society of England and Wales