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Mark I. Plenderleith heads the leveraged and project finance practice in Tokyo and is an integral part of the Asia finance team which is led by Gary Wigmore and includes a network of four offices across Asia. Mark specializes in multi-source limited recourse financing, reserve based financing, the formation of international joint ventures and LBOs.
Mark has worked in private practice both in the London and Tokyo legal markets and spent two years working for Japan Bank for International Cooperation ("JBIC") as a member of their project finance team. He has subsequently worked for a cross-section of corporates, funds, developers, investment banks and export credit and bilateral agencies.He is a dual-qualified lawyer advising clients in respect of both New York law and English law transactions.
Mark's recent leveraged finance representations include:
Three related financings for Olympus Capital Holdings Asia - a share collateral backed recapitalization, an acquisition financing in connection with its acquisition from Toyota Tsusho Corporation of a 40% equity interest in Arysta LifeScience Corporation and a further $250 million acquisition from Sojitz arranged by Lehman Brothers.
Development Bank of Southern Africa, FMO and Standard Bank in relation to their senior, mezzanine and subordinated loan financing of a leveraged buy-out of an electricity transmission enterprise in Sub-Saharan Africa.
A syndicate of lenders led by Goldman Sachs in relation to the GBP10 billion bid for BAA plc, the largest airport operator in the U.K. and Europe.
Mark's recent project and borrowing-base financing representations include:
Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi-UFJ, BNP Paribas and JBIC in connection with the financing of the proposed 1,320 MW expansion of the coal-fired Tanjung Jati B Expansion Project in central Indonesia owned by Sumitomo Corporation.
JBIC in connection with its first borrowing-based facility which refinances the bridge acquisition debt financing used for the acquisition of oil and gas properties in the Gulf of Mexico in the U.S.
JBIC in relation to its buyers-credit financing of the BP and Statoil led $3.6 billion Baku-Tblisi-Ceyhan Pipeline Project from the Caspian Sea oil fields through Azerbaijan, Georgia and Turkey.
Mark is a regular speaker and panelist, most recently in Moscow with regard to oil, gas and power project development and in Tokyo regarding the leveraged financing of portfolio assets.
He received his L.P.C. from Law Society of England & Wales, London and his M.A. (Oxon) and B.A. from Oxford University. | 