Zopa platform’s securitizes £150 Million Loans


Cadwalader has advised on the first securitization of marketplace consumer loans in Europe. The firm advised the arranger of a securitization backed by £150m of loans to UK consumers originated on the Zopa platform. This is the first public, rated securitization of marketplace consumer loans in Europe.

Deutsche Bank was the sole arranger and manager on the Zopa deal.

The £150m deal is backed by loans originated on the Zopa platform, which were made and previously held by P2P Global Investments PLC

The deal was led by Capital Markets partner Jeremiah Wagner (Picture) and included Capital Markets associates Patrick Leftley, Melina Bheekhun and Mitzi Huang, as well as Tax partner Adam Blakemore and associate Catherine Richardson, all in London.

Involved fees earner: Jeremiah Wagner – Cadwalader Wickersham & Taft; Patrick Leftley – Cadwalader Wickersham & Taft; Melina Bheekhun – Cadwalader Wickersham & Taft; Mitzi Huang – Cadwalader Wickersham & Taft; Adam Blakemore – Cadwalader Wickersham & Taft; Catherine Richardson – Cadwalader Wickersham & Taft;

Law Firms: Cadwalader Wickersham & Taft;

Clients: Deutsche Bank;