Finance and insolvency specialist Terry Green led Clyde & Co's UK team in advising Indian chemicals and pharmaceuticals company Southern Petrochemicals Industries Corporation (SPIC) on a high profile, complex debt restructuring deal worth around US$ 1billion.
Global legal practice Norton Rose Fulbright has advised on two motorway restructurings, the Maliakos-Kleidi and the Elefsina-Korinthos-Patras-Pyrgos-Tsakona motorways in Greece, with a combined value of €3.1 billion.
Norton Rose Fulbright advised on all legal aspects of the restructurings.
London banking and finance partner Madhavi Gosavi led the restructurings, together with partners Charles Whitney, Jeffrey Barratt and Peter Hall. They were assisted by Ann Vesely, Phil Hanson, Christina MacGilp, Ben Sealy, Eleanor Cochrane and Jessica Bethell-Jones.
Norton Rose Fulbright has advised EN GAS & OIL TRADING ITALY S.r.l. in the preparation of a debt restructuring plan and a “concordato preventivo” (agreement with creditors) under art. 161 of the Italian Bankruptcy Code. The plan and proposed agreement with creditors was presented to the Bankruptcy Section of the Court of Rome, which issued a decree on November 20, 2013 stating that the Company was admitted to the relevant concordato preventivo procedure.
Eversheds has advised a pool of Italian banks led by Unicredit S.p.A. on a debt restructuring agreement for San Giorgio S.r.l and its Group of companies, including New Jersey Srl and Imprenditori Riuniti S.p.A.
The financial restructuring covered in particular the restructuring of senior loan facilities for the development and construction of the shopping mall "Le Centurie " located in San Giorgio delle Pertiche (PD), Italy, and was supported by the "San Giorgio Financial Plan 2013-2027," prepared by the management of the company.
Freshfields Bruckhaus Deringer has advised a co-ordinating committee of senior lenders (consisting of BBVA, RBS, Société Générale, Mizuho and BNP Paribas) on the fully consensual financial restructuring of FCC Environment group ("FCCE"), a UK waste and renewable energy business.
In addition to an extension of FCCE's £381m term facilities, the deal included the introduction of a £30m new money revolving facility, provided by certain of the group's senior lenders, and a £30m asset-backed facility.
Eversheds Bianchini, with a team headed by Marco Franzini and also with the associate Nicola Zito, has acted as legal advisor of Health Holding Company S.r.l., Mandarin Capital Partners SCA SICAR and Dedalus Group for the reorganization of the shareholding structure of the Dedalus Group, the reinvestment of Health Holding Company Srl and Mandarin Capital Partners SCA SICAR and the investment of Hutton Collins.
Mayer Brown has advised on the restructuring and sale of ATP Oil & Gas (UK) Limited to Alpha Petroleum (UK) Holdings Limited, an investment vehicle of Petroleum Equity, a newly-established private equity firm focused on the upstream oil and gas market outside North America.
Irwin Mitchell has advised on a major restructuring deal which has saved more than 500 jobs at Sheffield-headquartered EDS Group. International total facilities management provider OCS Group, which is headquartered in Crawley, has acquired businesses and assets of Silverdell subsidiaries Euro Dismantling Services, EDS Plant Solutions and EDS Group Holdings from administrators at BDO.
Slaughter and May is advising Punch Taverns PLC ('Punch') on its proposed capital restructuring for the Punch A and Punch B securitisation structures.
The full terms of the capital restructuring of £2.3 billion of Punch's debt, which were announced on 15 January 2014, modify the proposals announced on 9 December 2013, and represent the culmination of 14 months of extensive stakeholder engagement. Slaughter and May has been advising Punch throughout this period.
Bird & Bird today announces that it has been advising special administrators, Andrew Andronikou and Peter Kubik of UHY Hacker Young on the special administration of London-based specialist investment company, Hartmann Capital Limited, which falls within the definition of "investment bank" under the Investment Bank Special Administration Regulations 2011. Hartmann Capital's specific focus was on futures and options, equities and CFDs.