AA Ireland Secures Financing for Expansion
Deal News | Apr 01, 2025 | Proskauer Rose (UK) LLP
In a strategic advisory role, Proskauer, a renowned global law firm, has advised Barings on providing secured credit facilities to aid the expansion plans of AA Ireland, a leading automobile insurance and roadside assistance provider. Proskauer's involvement underscores their expertise in private credit, while AA Ireland embarks on further growth, leveraging its dominant brand in the Irish market. The financing will support AA Ireland's initiatives to enhance value across its motoring services in retail and B2B sectors. Led by partner Alex Griffith with associates Rafael Serrano and Jessica Viner, Proskauer facilitates complex financial operations for prominent investment managers such as Barings. Barings continues its investment in Further Global Capital Management's portfolio through this pivotal funding.
Sectors
- Financial Services
- Insurance
- Legal Services
Geography
- United Kingdom – Proskauer Rose (UK) LLP is based in the UK, highlighting legal advisory services emanating from this geography.
- Ireland – The focus of the transaction is AA Ireland, a major provider of motor insurance in Ireland.
- Global – Barings and Proskauer operate on an international scale, with interests and clients across various geographies.
Industry
- Financial Services – The article involves financial services industry participants including Proskauer and Barings involved in credit facilities and financial advisory.
- Insurance – AA Ireland operates within the insurance sector providing motor insurance and roadside assistance.
- Legal Services – Proskauer Rose LLP represents the legal services industry through its advisory role in the transaction.
Financials
- Not disclosed – The secured credit facilities provided by Barings to AA Ireland have not disclosed specific financial amounts.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Proskauer Rose (UK) LLP | Legal Advisor | Company | A leading international law firm advising Barings on the financing transaction. |
| Barings | Sole Lender | Company | A global investment manager providing secured credit facilities to AA Ireland. |
| AA Ireland | Target Company | Company | The recipient of the credit facilities for expansion, a leader in the Irish motor insurance and roadside assistance market. |
| Further Global Capital Management | Portfolio Company Owner | Company | Owns AA Ireland as part of its investment portfolio. |
| Alex Griffith | Partner Leading Team | Person | A partner at Proskauer Rose, heading the legal advisory team for this transaction. |
| Rafael Serrano | Associate | Person | An associate involved in the private credit advisory at Proskauer. |
| Jessica Viner | Associate | Person | An associate involved in the private credit advisory at Proskauer. |