Eversheds and Anderson Mori & Tomotsune have advised SEKISUI Chemical on the restructuring of its pipeline renewal business in Europe.
The Japanese group SEKISUI Chemical has restructured its pipeline renewal business in Europe by way of a management buy-out. The stock-exchange listed conglomerate SEKISUI Chemical has an annual turnover of approx. EUR 8.5bn and around 24,000 employees.
Hengeler Mueller has advised VTG Group on a comprehensive refinancing by concluding a new syndicated loan agreement in the amount of more than approx. €1.2bn and by restructuring existing USPP-financing in the amount of €650m in the context of a Europe wide corporate reorganisation which Hengeler Mueller also provided advice upon.
White & Case LLP has advised Icelandic bank Kaupthing hf. on its restructuring, which is effective from December 23, 2015.
The landmark transaction follows the failure of Kaupthing Bank hf., which first entered into Icelandic insolvency proceedings in 2008 with liabilities of more than US$45 billion and creditors in more than 100 countries. It is one of the largest ever bank insolvencies.
Hundreds of jobs have been saved just a week before Christmas at a UK interior furnishings company, after a rescue deal was struck with administrators of Laidlaw Interiors Group.
National law firm Shoosmiths led the deal which ensured that 370 workers whose jobs were under threat after administrators were called in will now remain employed.
The firm provided insolvency and restructuring advice to Valtegra - a European-based privately held investment company - as part of its acquisition of part of the Laidlaw Interiors Group, from administrators at Deloitte LLP.
Together with our financial law and restructuring experts we represented Green Real Estate, a subsidiary of a large Dutch retail family business Zeeman, on the negotiations between ROC Leiden, the Ministry of Education, Culture & Science, Bank Nederlandse Gemeenten (Dutch Municipal Bank, BNG), ID College en the Municipality of Leiden, regarding the restructuring of the contracts and financing of ROC Leiden that will be taken over by ID College.
Houthoff Buruma team included: Marry de Gaay Fortman
Canopius, the global specialty (re)insurer acquired by Sompo Japan Nipponkoa Insurance Inc., one of the top three Japanese insurers, a subsidiary of Sompo Japan Nipponkoa Holdings, Inc., which is listed on the Tokyo Stock Exchange (No. 8630), completed a major restructuring project to form an integrated global business unit to manage the assumed reinsurance business previously written separately by Canopius and Sompo Japan Nipponkoa Insurance Inc.
Schoenherr, alongside Jones Day, advised a consortium led by Goldman Sachs and Highgate Hotels, a leading hospitality investment and management company, in its acquisition, acquisition financing, and debt restructuring of the K+K Hotels Group, which owns and operates a portfolio of ten boutique hotels located in leading cities across Europe. Closing of the transactions occurred on 1 December 2015 after attaining all regulatory approvals.
In the insolvency proceedings for Versand und Weiterverarbeitung Hagen GmbH, the insolvency administrator Dr. Christian Kaufmann from PLUTA Rechtsanwalts GmbH, has achieved a solution for the staff. This followed long and intensive negotiations with the only customer about concrete arrangements for the future collaboration. These successful negotiations were the basis for ensuring that at least 150 of the 250 people previously employed will also have a job in the future.
Polarcus has announced its decision to formally address the Company's long term financing structure with the aim of restructuring the Company's balance sheet.
Polarcus has retained ABG Sundal Collier as financial advisor and Wiersholm as legal advisor to assist the Company in the prosess.
In the announcement released Monday 7 December the Company said:
Gleiss Lutz is advising Luxembourg-based Atlantik S.A. as sole shareholder of wood processing company Pfleiderer on the reorganisation of its group structure. Atlantik acquired the Pfleiderer Group in 2012 in insolvency plan proceedings, assuming a large portion of its debt as part of the deal. In addition to its German operations, the Pfleiderer Group includes a majority participation in the listed Polish subsidiary Pfleiderer Grajewo S.A.