
Paul W. Dunbar

20 Fenchurch Street
24th Floor
London EC3M 3BY
United Kingdom





Paul Dunbar advises private equity clients on public and private M&A, NPL and asset portfolio acquisitions and disposals, joint ventures and co-invest platforms, and preferred/growth equity investments.
Paul works with clients investing in a range of sectors, most notably with respect to innovations taking place in several real asset classes, including (i) transportation and logistics, (ii) renewable energy, EV technology and the energy transition; (iii) chemicals, construction technology and industrials, (iv) healthcare and social infrastructure, (v) real estate and (vi) financial infrastructure and assets.
Paul has advised numerous leading private equity clients during his career including Goldman Sachs, Lone Star, Varde, Davidson Kempner, TPG, Sixth Street, Oaktree, Apollo, Deutsche Bank, CarVal, Centerbridge, Warwick Capital, Hellman & Friedman, Monarch Alternative Capital, Njord Partners, Fortress, Bank of America and Alchemy.
Paul spent seven months seconded to TPG and Sixth Street as European Counsel in 2012.
Paul’s M&A experience was recognized by the Legal 500 UK, with reviewers praising him as a “very commercial” attorney who negotiates effectively and is also skilled at coordinating legal teams (2018).
Transportation and Logistics
A consortium of investors on bids to acquire the Project Nassau and Project Westminster shipping NPL portfolios from Cerberus
Goldman Sachs on the acquisition of various shipping loans
Davidson Kempner on the acquisition of the Project White II portfolio of loans secured on shipping vessels
Varde Partners in respect of several potential investments in the shipping sector
Davidson Kempner on the acquisition of the Project Aqua portfolio of loans secured on aviation assets
Njord Partners in respect of several growth equity investments in technology focused companies in the transportation sector
Warwick Capital on the establishment of a shipping joint venture platform with the Tsakos family
A private equity sponsor in respect of a proposed investment in a European solar power project
CIC in respect of the Project Neptune transaction with Carlyle and CVC
Sixth Street and Oaktree on the acquisition of Iona Energy and related financing, co-investment and management incentive arrangements
Investors in Essar Energy in connection with the take private offer by the company’s controlling shareholder
A US private equity sponsor on its €3.17 billion carve-out acquisition of a global construction chemicals business from a German public company
A US private equity sponsor and its portfolio company on the bolt-on acquisition of a leading clay roof tile business in Portugal
A US private equity sponsor on the auction sale of one of its portfolio companies in the manufacturing sector to a strategic buyer
A US private equity sponsor and its portfolio company on several bolt-on acquisitions, including of one of the largest manufacturers of professional manual espresso machines in Spain, a distribution business in the USA, and a leading manufacturer of coffee machines in North America
A US private equity sponsor and its portfolio company on the acquisition of the Macon Group from private equity funds managed by Enterprise Investors
Centerbridge Partners on the loan-to-own acquisition of the leading German auto-repair distributor ATU
Alchemy Partners on the acquisition of Endeka Ceramics in Spain
TPG Capital in respect of its investment in the Vita Group, a leading manufacturer of flexible polyurethane, latex and flooring products
Lafarge in respect of its joint venture with Anglo-American to form the Tarmac business
Goldman Sachs MBD on the establishment of the Riverstone assisted living business
Salix Pharmaceuticals in its terminated combination with Cosmo Technologies, a subsidiary of Cosmo Pharmaceuticals, to form Salix Pharmaceuticals, plc
A US private equity sponsor on its bid to acquire the Medical Park group of hospitals from Carlyle
Goldman Sachs and Sixth Street in respect of their investment in GHG hospitals
Monarch Alternative Capital on the acquisition of Executive Care Group
A US private equity sponsor on its bid to acquire M Group Services from First Reserve
A US private equity sponsor on the acquisition and financing of a real estate business from a Spanish bank, consisting of a real estate servicing business and a portfolio of real estate assets located primarily in Spain, with a net book value of approximately €7 billion, and related joint venture arrangements
A US private equity sponsor on the sale of a golf and country club operator in the UK to Epiris LLP
TPG Capital in respect of the acquisition of the Woolgate Exchange and related co-invest and asset management arrangements with Ivanhoe Cambridge
TPG Capital on the acquisition of Uni-Invest BV, a commercial real estate portfolio and business in The Netherlands
A US private equity sponsor in connection with the acquisition and financing of the Project Verde portfolio of non-performing commercial real estate loans located in Spain with a face value of €4.4 billion
Deutsche Bank and CarVal on the acquisition of the Project Forge CRE NPL portfolio and related financing
A US private equity sponsor on its bid to invest, through a securitization, in the Projects Pillar and Cairo residential mortgage portfolios with Eurobank, and on its bid to acquire the Greek servicer FPS
Deutsche Bank and EoS on the financing of the Project Pathfinder CRE loan portfolio in CEE
A US private equity sponsor on its bid to acquire, using vendor stapled debt, the Project Helix portfolio of Cypriot real estate backed corporate loans and other non-performing exposures from Bank of Cyprus
A US private equity sponsor on the acquisition of a “bad bank” from The Netherlands
Two private equity investors on their combined bid to acquire JPM’s Global Special Situations business
Sixth Street and Goldman Sachs on the acquisition of the Project Lundy portfolio of equity and debt assets from Lloyds Banking Group plc, and the related establishment of an asset management platform
P2P Global Investments on equity and debt investments in several peer-to-peer lending platforms
Deutsche Bank on its bid to acquire the Project Sunset portfolio of unsecured consumer loans
Goldman Sachs and Fortress on a bid to acquire a credit card business from a US bank
TPG Capital on its bid to acquire GlobeOp Financial Services, the London-listed hedge fund administrator
Credentials
- University of Oxford, Oriel College
- Legal 500 UK, Mergers & Acquisitions: Upper Mid-market and Premium Deal – £250 million+, 2016, 2018, 2020
- Legal 500 UK, Corporate and Commercial, M&A Upper Mid Market and Premium Deals – £500M+, 2021
- England and Wales
- Energy EvolutionDecember 10, 2020
- Rankings & AwardsOctober 5, 2020
- Rankings & AwardsSeptember 26, 2019
- Rankings & AwardsOctober 29, 2018
- InsightNovember 30, 2016
First published in Investing in Distressed Debt in Europe: The TMA Handbook for Practitioners
- “Shareholder Engagement & Communication London: Constructive Strategies for Issuers,” The Bloomsbury, February 7, 2017