Paul Mullen
PartnerLondon

Biography
As well as leading the firm’s Global Banking practice,Paul Mullen acts for both lenders and borrowers at thetop end of mid-market sponsor-backed financings, Paul
has been particularly involved with the development of
the direct lending market in Europe, advising lenders
on unitranche and other types of direct lending
products (including first loss/second loss, second lien,and PIK) as well as banks providing working capital andother facilities alongside the funds.
Paul's extensive experience and deep understanding of
the market means that clients often call on him when
they need advice on developing new and innovativeproducts. As the head of our market leading direct
lending practice, he has built strong relationships with arange of major global debt funds including Ares,Barings, Permira Debt Managers, CVC Credit, EQT, Five
Arrows and Hayfin as well as banks and sponsors.

Representative experiencePhone+44 20 7296 5390

Fax
+44 20 7296 2001

Emailpaul.mullen@hoganlovells.com

Languages
EnglishPractices
Banking and Loan Finance
Leveraged and Acquisition FinanceIndustriesBarings and Bank of Ireland on the financing ofMontagu Private Equity’s acquisition of intelligencebusiness Jane’s.

Financial Institutions
Private Capital

Five Arrows and HSBC on the financing of Bowmark’soffer to acquire Tax Systems plc and subsequent takeprivate.

Areas of focus

SMBC and Park Square on the provision of term andrevolving facilities to refinance OAG Group, a Vitruvian
portfolio company.

Direct Lending

Education and admissions

Crescent Capital and Bank of Ireland on the financing ofthe acquisition by Montagu Private Equity of Kodak’s
Flexographic Packaging Division.

Education

Ares Management on the financing of the acquisition ofWireless Logic Group by Montagu Private Equity.

The College of Law, Guildford, 1994
LL.B. (Hons First Class), University ofGlasgow, 1992

EQT Credit and Lloyds Bank on theunitranche/stretched super senior financing of theacquisition of Hydro International by Agilitas.

Accolades

Bank of Ireland, Guggenheim Partners, HSBC, Lloyds
and SMBC on the senior financing of the acquisition ofSLR Consulting by Charterhouse Capital Partners.

'He is very good at steering
negotiations in a positive andproductive way. He clearly has theexperience and understands what
the commercial points are.'Goldman Sachs in relation to the unitranche
refinancing of FNZ Group.
Tinopolis Group in relation to the debt facilities
provided by BlackRock, HSBC, Pemberton and SMBC inconnection with management's acquisition of
Vitruvian's interests.

Awards and rankings
Banking & Finance (UK), Leading Individual,
Chambers Global, 2019-2021
Acquisition Finance, Leading Individual, Legal 500 UK,
2022

Latest thinking and events
Insights and Analysis
Debt for equity swaps in private equity backed
companies financed by private debt fundsNewsFinancial Institutions Horizons 2024
NewsHow private credit-backed European leveragedloans are being impacted by tough economicconditions
NewsUK Take-Privates funded by Private Credit
Sponsorships and Speaking Engagements
Debtwire Direct Lending Forum

Chambers UK 2015
'Paul Mullen is gaining significant
traction in the alternative lending
space, representing numerous debt
funds in domestic and multijurisdictional leveraged acquisitions'

Chambers 2016

Hogan Lovells Events
LSTA and LMA joint New York Conference