Noerr has advised a banking consortium on the recapitalization of the prefabricated houses group of the ADCURAM industry group. Overall, IKB Deutsche Industriebank AG and Joh. Berenberg, Gossler & Co. KG are providing the group with EUR 62 million.

The ADCURAM prefabricated house group consists of Bien-Zenker GmbH and Hanse Haus GmbH & Co. KG, which will be further developed independently of each other. In the current year the group will achieve revenue of approximately € 260 million and hand over more than 1,200 houses to new owners.

F Group A/S under rekonstruktion (in restructuring proceedings) has just sold ten FONA stores to Elkjøb Nordic AS that owns Elgiganten. Due to this sale, the creditors in F Group will receive substantially higher dividend than they would have received in connection with a bankruptcy where the sale could not have been carried through under the same conditions. Plesner acts as one of two restructuring administrators.

Noerr has advised Oddo Seydler Bank AG on the restructuring of a €60 million bond of Singulus Technologies Aktiengesellschaft as part of a debt-equity swap which involved issuing new shares and bonds. The lead partners were Frankfurt-based Dr Laurenz Wieneke and Dr Julian Schulze De la Cruz.

Gide advised Lendix, a French crowdlending platform dedicated to small and medium enterprises (SMEs), in the structuring and the setting up, on 8 July 2016, of LDX SME II, a securitisation company licensed as "ELTIF (European Long Term Investment Fund)" by the French financial markets authority.

International law firm Watson Farley & Williams (“WFW“) has successfully advised a syndicate of banks, including Crédit Agricole, BNL, MPS, Banca Popolare di Vicenza, Banco Popolare, Cassa di Risparmio di Volterra, UniCredit, Carige and Cassa di Risparmio di San Miniato, on the negotiation and subscription to the Art. 67 restructuring agreement of the D’Alesio Group companies Dalmare Spa, Costieri D’Alesio Spa, and Ditta Gaetano D’Alesio di Antonio e Nello D’Alesio Sas.

Shoosmiths and AlixPartners the leading global business-advisory firm, have advised Grabal Alok (UK) on restructuring options available for its value retail chain Store Twenty One, as the business seeks to remain competitive in today's retail environment.

Nabarro is advising restructuring and recovery specialists from Smith & Williamson LLP and CMB Partners UK Ltd, who have been appointed as joint administrators to the global travel business Lowcosttravelgroup. The administrators have been appointed to the parent company, Lowcosttravelgroup Limited, and several subsidiaries.

International law firm Watson Farley & Williams (“WFW“) successfully advised Intesa Sanpaolo, acting as lender and agent, on the financial restructuring of six special purpose vehicles (“SPVs”), as well as Banco di Napoli also, acting as lender, on three of the aforementioned restructurings.
The SPVs, all entirely owned by Belenergia S.A., own ten photovoltaic plants, with an aggregated capacity of 10 MW, located in the Apulia, southern Italy.

The corporate team of Stephenson Harwood (Singapore) Alliance has advised on several high-profile transactions during the second quarter of 2016, with an aggregate value in excess of US$500 million.  Recently closed deals include acting for:

Deal paves the way for further Hong Kong and BVI schemes to be used to restructure foreign law governed debt

Stephenson Harwood's restructuring and insolvency practice has successfully completed the restructuring of Winsway Enterprises Holdings Limited. The team was led by restructuring and insolvency partner and head of finance, Sue Moore, from the firm's London office, and restructuring and insolvency partner Jamie Stranger, from the firm's Hong Kong office.