Restructuring and insolvency
Crafting the optimal outcome
We have led on some of the biggest and most high-profile cross-border restructurings of recent years.
Our team has a wealth of experience acting for stakeholders involved in corporate restructurings or experiencing financial stress. We help boards of directors steer corporates through troubled waters, and advise global investment funds, asset managers, banks, bondholders and other lenders on debt and corporate restructurings.
We also work closely with our sector dedicated practitioners to build a deep understanding of the business and its financial pressure points. The team focuses on implementing sustainable solutions and managing the diversity of stakeholder expectations from start to finish. We are proud of our reputation for taking a pragmatic and commercial approach to speed up lengthy processes and achieve the best outcome for our clients.
Client successes
Advising UK company Monarch Airlines on its restructuring.
Advising coordinators in relation to a refinancing of the Italian Global Garden Products group implemented by way of an English scheme of arrangement.
Advising an ad-hoc group of bondholders in respect of the recapitalization of UK oil and gas company Sterling Resources.
Advising the H.C. Starck group, a large leading global technology metals business headquartered in Germany, in relation to its restructuring and an amendment and extension of its senior and mezzanine facilities.
Advising a group of seven Spanish banks in the restructuring of the €1.063bn financial indebtedness of Nueva Pescanova (the parent company of the Nueva Pescanova Group) through a Spanish court-sanctioned refinancing agreement cramming down dissenting creditors. The restructuring included a €350–400m debt for equity swap and the refinancing of the remaining financial indebtedness.
Restructuring and insolvency
- Distressed acquisitions
- Formal insolvency proceedings
- Schemes of arrangement
- Special situations
