Our Team

Deirdre McBennett

Deirdre McBennett

Partner dmcbennett@byrnewallace.com +353 1 691 5645 +353 1 691 5010
AREAS OF EXPERTISE
RECENT WORK
  • Oaklee Housing

    Oaklee Housing one of the largest Approved Housing Bodies (AHBs) in Ireland ...

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Profile Deirdre McBennett is a banking lawyer at ByrneWallace and has been a partner in the firm's Banking & Finance Department for over 13 years. She acts for a range of domestic and international financial institutions, credit unions, private equity houses, alternative lenders, semi-state bodies and corporates. Deirdre specialises in corporate lending transactions, senior and mezzanine debt structures, leveraged acquisition finance, real estate finance, project finance, syndicated loans, loan sale transactions and debt restructuring.  

Deirdre lectures on the Law Society of Ireland Professional Practice course (PPCII), and its diploma courses in Corporate Law & Governance and Insolvency & Corporate Restructuring. 

Key Experience

Recent significant deals include advising:

  • Oaklee Housing one of the largest Approved Housing Bodies (AHBs) in Ireland (as lead adviser in the ByrneWallace cross-disciplinary team) on a significant and pathfinder deal involving  a €50m debt financing deal with German-based Norddeutsche Landesbank (NORD/LB).  The deal involved an SPV structure in a social housing property portfolio acquisition project, utilising the Capital Advance Leasing Facility (“CALF”) and Payment and Availability (“P&A”) funding supports available to AHBs from the Department of Housing, Planning and Local Government, through local authorities.
  • In an independent assurance role for ACCLM/RaboBank Ireland on the tracker based investigation run by the Central Bank.
  • The board of Ulster Bank Ireland DAC on part of the Central Bank tracker examination project.
  • Fáilte Ireland in relation to the documenting and securing of Grants Scheme for Large Tourism Projects.
  • Xtremepush Limited, an Irish owned multi-channel analytics and engagement software company based in Dublin, in connection with acquisition funding to acquire a leading UK email service provider / software marketing company.
  • The Irish League of Credit Unions on various credit union mergers / transfers resulting from regulatory directions issued under the Credit Union Act 1997 (as amended).Qualifications

Qualifications

  • Diploma in Property Tax, Law Society of Ireland, 2003
  • Qualified as a Solicitor, Law Society of Ireland, 2001
  • Bachelor of Business & Legal Studies (BBLS), University College Dublin,1995

Memberships

  • Dublin Solicitors Bar Association
  • Law Society of Ireland

Recommendations

One source describes Deirdre McBennett as "very knowledgeable" and adds: "Her client service and follow-up is great." - Chambers Europe 2019

She has a strong track record advising domestic and institutional banks and non-bank lenders, as well as corporate borrowers. - Chambers Europe 2019

 Deirdre McBennett has a broad banking and corporate finance practice, with expertise in syndicated loans, secured lending and acquisition finance. Clients appreciate that she "avoids legal jargon" and describe her as "very knowledgeable, straightforward and to the point." -  Chambers Europe, 2018

Deirdre McBennett acts for clients on secured and unsecured lending transactions, syndicated loans, debt restructuring and acquisition finance. McBennett also assists clients with real estate finance, senior and mezzanine debt structuring and the disposal and acquisition of loans. - Chambers Europe, 2017

Deirdre McBennett has impressive experience of real estate, development and hotel financings. Sources say: "She was able to have a commercial conversation with us, and negotiated well. She understood what our position would be before negotiating and came back with practical solutions."- Chambers Europe, 2016

Deirdre McBennett led the banking team assisting iCON Infrastructure with the acquisition of part of Bord Gáis Éireann. Clients enjoy working with her, saying: "She is very personable and good at building relationships."- Chambers and Partners Global, 2015

Deirdre McBennett provides "high quality work" according to clients.  She specialises in secured corporate lending, with particular experience in asset-based lending, restructuring and real estate finance.- Chambers Global, 2014

Interviewees appreciate Deirdre McBennett's interpersonal skills and flexibility. "She is proactive and efficient, and gives us useful updates without being asked," says a source. - Chambers Global, 2013

Deirdre McBennett's practice covers structured finance, tax-based lending and investment deals. She has a broad client base and notable expertise in acting for clients from the Hotel to the leisure sector.- Chambers & Partners, 2012

Partner Deirdre McBennett's broad practice covers retail banking and acquisition and development finance. She is valued for prompt and effective advice - Chambers & Partners, 2011