Herbies takes first structured mandate for Morgan Stanley on cash CDO financing
Legal Week reports
November 01, 2006 at 07:03 PM
2 minute read
Herbert Smith's structured finance team has been instructed by Morgan Stanley as arranger on an innovative €455m (£305m) debt package, after being appointed to the investment bank's roster of advisers earlier this year.
The deal saw Herbert Smith, led by head of structured finance Jake Jackaman, advise Morgan Stanley on a package of debt securities including commercial and residential-backed mortgage securities. The firm won a competitive pitch to land the work. White & Case's London office advised Morgan Stanley on its previous transaction of this kind in 2003.
Herber t Smith was approached by Morgan Stanley earlier in the year and placed on its informal adviser roster in April.
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