Microfinance and Social Investment
At Allen & Overy we believe that we influence the wider communities in which we live and work and must ensure that our influence is a positive one.
Our Microfinance and Social Investment practice encompasses more than 350 lawyers located in over 30 offices across the Americas, Europe and Asia Pacific, Middle East and Africa, and includes many of the leading practitioners in our key practice groups including banking, capital markets, corporate and dispute resolution.
The team has advised on a number of microfinance-related transactions and prides itself on being able to provide real and much-needed solutions helping to transform businesses in developing economies. Our clients include microfinance institutions (MFIs), banks, private investors and institutional investors. Whether on a pro bono or fee-paying basis, we aim to handle every case in exactly the same way – with professionalism and care.
On the social investment side, we have been involved in advising Social Finance Limited (Social Finance) on their Social Impact Bonds (SIBs), which are a unique investment product, structured as a fund, that directs private-sector money to fund public sector projects. In this case, the investment proceeds fund prisoner rehabilitation programmes, creating a financial return to the investors that is dependent on levels of recidivism in the prisoner group. Legal fees for negotiating and setting up the Social Finance prisoner programmes could have run into hundreds of thousands of pounds, a particularly significant amount when measured against a fundraising target of £5 million. To solve the puzzle, Allen & Overy stepped in to provide over 1,500 hours of legal advice on a pro bono basis, to help Social Finance craft and negotiate the SIB, an investment product enthusiastically accepted by investors, the Ministry of Justice and HM Treasury and used in many jurisdictions around the world as an example of groundbreaking social finance funding.
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News and insights
News: 03 April 2024
Allen & Overy’s Scott Cockerham on tax insurance in green energy credit deals
Scott Cockerham, partner in Allen & Overy’s global Projects, Energy, Natural Resources and Infrastructure (PENRI) practice, shared his thoughts on tax insurance when it comes to recent clean energy…
Publications: 03 April 2024
The growing role for CLOs in restructurings
Collateralised loan obligations (CLOs) are back in favour in financial restructurings, helped by their dominance in leveraged credits and greater flexibility in documentation. First featured in…
News: 26 March 2024
A&O advises CVC on the financing of its investment in Monbake
A cross-border leveraged finance team from Allen & Overy is advising CVC, a leading global private markets manager, on the financing of its acquisition of the entire stake in Grupo Monbake (“Monbake”)…
News: 26 March 2024
Allen & Overy advises lenders on Germany’s first land-based terminal for liquefied gases
Allen & Overy has advised the financing banks in connection with the project financing of the Hanseatic Energy Hub, which is being developed as Germany's first land-based terminal for liquefied gases…
Recognition
Business in the Community Big Tick Award
Coffey International Awards category for three years in a row
Excellence in Community Investment
The Law Society, 2010