GlobalCapital Honors Dechert for Advising on Europe’s Inaugural Private Credit CLO

 
March 28, 2025

Dechert LLP’s global finance team has been recognized by GlobalCapital in its European Securitization Awards 2025, where a Dechert deal – Barings’ launch of Europe’s inaugural private credit CLO – was named “CLO Deal of the Year”.

A Dechert team led by global finance partners Aaron Scott (London) and Christopher Duerden (Charlotte, NC), with associate Rory O’Connor (London), advised Barings on the structuring and launch of Barings Euro Middle Market CLO 2024-1 DAC, a market-first transaction. The CLO, valued at €380 million, was backed by a portfolio of European middle-market senior secured loans and rated by S&P and Fitch. The Dechert tax team acting on the matter was led by partners Mark Stapleton (London) and Jeff Kang (New York), with associate Nicolas Kokkinos (London).

Dechert is widely recognized for its expertise in advising the CLO industry. In the United States, where the firm has acted as manager’s counsel on more private credit CLOs than any other law firm, Dechert was recently named “CLO Law Firm of the Year” by GlobalCapital for the ninth time.

Winners in GlobalCapital’s European Securitization Awards 2025 were announced at a ceremony at London’s Nobu Hotel on March 27.

About Dechert 

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients' rights in extreme situations. Our nearly 1,000 lawyers across 16 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.

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