SJ Berwin (Nicolas Theys, partner, Audrey Molina and Elisabeth de Carvalho, collaborators) advised Cybergun listed on Euronext company specializing in the design, manufacture and distribution of exact replicas of guns and related accessories under restructuring of its bank debt, which amounted to € 49.8 million at end-December 2012.
 
As part of this restructuring, Cybergun has also sold the business assets held by its subsidiary Tech Group UK which operates under the brand SMK Sportsmarketing, and its U.S. subsidiary I2G specializing in video games.

The specificity of this restructuring resulted mainly because Cybergun is listed on Euronext and holds several subsidiaries abroad which had for some specific funding.