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Sub practice
Sub practice

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.

News and insights

Distorted code on monitor

News: 28 September 2022

Allen & Overy advises on Agos EUR1.116 billion STS securitisation

Allen & Overy has advised in relation to a securitisation transaction of performing consumer loan receivables with a value of EUR1.116 billion carried out by Agos Ducato in accordance with European…

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coloured light trails

News: 28 September 2022

Allen & Overy advises banks on financing for Porsche SE for the acquisition of shares in connection with the IPO of Porsche AG

Allen & Overy has advised a banking syndicate comprising Banco Santander, Crédit Agricole, Deutsche Bank, ING, J.P. Morgan and UniCredit Bank on a syndicated credit facilities agreement for Porsche…

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Key regulatory topics

Publications: 22 September 2022

Key Regulatory Topics: Weekly Update 16 – 22 September 2022

This week marked the publication of two Bills in the UK: the Retained EU Law (Revocation and Reform) Bill 2022, which intends to provide the UK government with the required powers to sunset retained…

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Panoramic view of a forest

News: 06 July 2022

Allen & Overy advises on the First Sustainable Bond in El Salvador

Allen & Overy (A&O) advised the Inter-American Investment Corporation (IDB Invest) as the sole purchaser in an issuance by Banco Promerica S.A., El Salvador (Banco Promerica) of the first sustainable…

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Recognition

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Content Promo_Financial Services Regulation and Investigations_Microfinance and Social Investment

Social Finance and Impact Investment Group

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.