Linklaters has advised Citi on a landmark securitisation deal involving a large portfolio of equity release mortgages. This transaction marks a significant milestone in the UK and European market, representing the largest deal of its kind outside the United States.

Waterfall Asset Management acted as sponsor, Aviva as seller and Citi as arranger and sole lead manager.

Adam Fogarty comments:

“This transaction underscores our capability in orchestrating sophisticated financial solutions, while also setting a benchmark in the equity release mortgage market outside the US.“

The Linklaters team was led by Structured Finance partner Adam Fogarty and Managing Associate John McCallion.

They were supported by teams in London and NYC, including UK Tax consultant John Lindsay and London-based US Tax counsel Omer Harel, as well as US Securitisation partner Derek Poon, Capital Markets counsel Catherine Russ and senior US associate Rachel Silberstein.