Profile
Paddy Sturman is a Partner and Head of Gordons' banking and finance department.
Paddy's expertise covers corporate banking, treasury, acquisition finance, asset-based lending and real estate investment and development finance. He also has significant experience of funding in relation to offshore investment vehicles, healthcare and hotel development.
Paddy has a strong reputation with most banks in the region and regularly advises Santander Corporate Bank, Bank of Ireland, Lloyds Bank, The Royal Bank of Scotland, The Co-operative Bank and Bank Leumi. He also works with the firm's corporate and property clients including Wm Morrison Supermarkets plc, Card Factory, Brulines, Centre Island and GMI Group.
Chambers & Partners comment that Paddy is a "great problem solver and very creative in his ability to find solutions". The Legal 500 also reference his "creativity in solving problems".
Recent transactions include advising:
- Santander Corporate Banking on the funding of a £12.25m acquisition of a De Vere Village hotel complex
- Lloyds Bank and Lloyds TSB Commercial Finance on the re-finance of Allied Textiles
- Co-operative Bank on senior debt facilities for the management buy-out of £60m turnover business Contract Natural Gas
- Bank Leumi on working capital facilities in relation to the acquisition by Countrywide Care Homes of 34 Southern Cross care homes
- Centre Island on development funding by The Co-operative Bank of the Holiday Inn Express, Manchester
- Management on certain funding aspects of the MBO of Card Factory backed by Charterhouse