Kyiv - Dentons’ Kyiv office is acting as Ukrainian legal counsel to a group of bondholders, led by one of the Ukraine's largest private creditors, Franklin Templeton Investments, regarding the Ukrainian debt restructuring. The bondholder group also includes T. Rowe Price, TCW Group and BTG Pactual Europe.
The Dentons team in Kyiv is led by Partner Natalya Selyakova supported by Associates Nikolay Zhovner and Nadiya Shylienkova.
Freshfields Bruckhaus Deringer has acted for certain of the principal selling shareholders in the recapitalisation of Universal Studios Japan, in which Comcast acquired a 51 percent stake in the business.
The Freshfields team was led by Julian Pritchard, Junzaburo Kiuchi and Edward Cole.
Nielsen has completed its reorganisation by way of cross-border merger pursuant to which Dutch based Nielsen N.V. merged into and became Nielsen Holdings plc, a public limited company incorporated under the laws of England and Wales whilst retaining its listing on the New York Stock Exchange. The transaction marked one of the first examples of utilizing a cross-border merger available following implementation of European rules on cross-border mergers in individual member states to give effect to a corporate restructuring resulting in a redomiciliation.
Allen & Overy LLP advised GEA Group Aktiengesellschaft on its debt restructuring. The existing EUR 650 revolving facility was renewed early, on considerably more favourable terms.
The Allen & Overy team comprised partner Dr Walter Uebelhoer and senior associate Dr Ilja Baudisch (both banking and finance, Munich).
DLA Piper has advised a syndicate of seven mezzanine lenders, led by Ardian, on their debt for equity restructuring, which has resulted in the group of mezzanine lenders writing off their mezzanine debt for a controlling stake in the equity of the Maxeda DIY Group.
Houthoff Buruma is advising on a corporate structure for one of Colombia's largest property development companies, on its international structure with ongoing restructuring and add on's in 2014 and 2015.
Houthoff Buruma team included: Sylvia Dikmans
Squire Patton Boggs is advising Cove House on the recently announced AUD $93 million recapitalisation of Compass Resources. This complicated cross-border transaction involves the provision of AUD $11 million via a convertible note, the acquisition of AUD $35 million of debt from Hunan Nonferrous Metals Corporation (HNC) and the acquisition from HNC of a 50% interest in the Browns Joint Venture, together with the restructuring into convertible notes of AUD $47 million of debt in Compass Resources.
Ashurst has advised CarVal Investors (CarVal) as lender and equity investor in a restructure of the assets and liabilities of VGL Group (VGL) and its subsidaries.
VGL, a company based in Western Australia, and its subsidiaries provided mining services to a number of Australian mining operators. Voluntary administrators Richard Albarran, Brent Kijurina and Cameron Shaw of Hall Chadwick were appointed to each of the VGL Group companies on 22 April 2015. The restructure was complex and involved:
Ashurst advised a bank consortium comprising HSBC, GE Corporate Finance Bank, Bank of Ireland, ING Bank and Investec Bank on the recapitalisation of United Initiators GmbH & Co. KG and its subsidiaries ("United Initiators").
The lenders provide the producer of peroxide based initiators and specialty chemicals based in Pullach near Munich with approximately €115 million for the redemption of existing loans and a distribution to shareholders.
A combined team from Dechert LLP’s London and Almaty offices advised the International Creditors’ Committee of JSC Astana Finance, a Kazakh financial services group, in connection with the restructuring of US$1.9 billion of its financial indebtedness. Astana Finance, was the third Kazakh financial institution to default on its international bond obligations, in May 2009, following the global financial crisis.