Travers Smith LLP has advised Carluccio's Limited, the well-known Italian restaurant chain, on its proposed company voluntary arrangement (CVA).
Like many other businesses in the casual dining sector, Carluccio's has been adversely impacted by a combination of pressures, including a gradual decline in consumer spending and increasing competition, coupled with rising costs.
Osborne Clarke has advised communications technology specialist, KATHREIN, on its entire group restructuring.
The most recent and important component of the restructuring was the conversion of the KATHREIN-Werke KG into a European company (SE), called KATHREIN SE. Osborne Clarke has also established the group’s future parent company.
All of KATHREIN-Werke KG’s assets were transferred to KATHREIN SE. Rosenheim will remain the company’s headquarters. Shares in the company will remain with the family.
Global law firm Dentons has advised Paracelsus-Kliniken Deutschland GmbH & Co. KGaA on its restructuring in the context of insolvency proceedings in self-administration, and its sale to Porterhouse Health AG. In coordination with the self-administration and the administrator, Dr. Rainer Eckert, the creditors' committee of Paracelsus-Kliniken Deutschland has unanimously supported the transfer agreement with Porterhouse Health and the submission of the insolvency plan.
Our New York, Paris, London, and Amsterdam offices represented The Bank of New York Mellon in connection with the restructuring of international geosciences services provider CGG, one of the largest French restructurings ever.
Orrick's Paris restructuring team advised DNCA, one of the largest shareholders and bondholders of CGG SA, a French-listed company, in its $2.7 billion restructuring.
We advised DNCA in connection with the debt restructuring and the set-up of the new governance of French geoscience company CGG, listed on Euronext Paris. This transaction has been one of the largest restructurings in Europe and France since Eurotunnel.
Mayer Brown JSM advised The Bank of New York Mellon (BNY Mellon) in connection with the restructuring of Mongolian Mining Corporation, which was named “Restructuring Deal of the Year” at the International Financial Law Review (IFLR) Asia Awards 2018.
Global law firm White & Case LLP has advised a bank syndicate led by BNP Paribas, HSBC, J. P. Morgan and UniCredit on the €275 million high yield bond issuance by Nordex, a wind turbine manufacturer.
The high yield bond has a maturity of five years and a 6.5% coupon rate. The proceeds from the placement will be used for the early repayment of existing liabilities. The bond is certified as a ‘Green Bond’ by the Climate Bonds Initiative.
DLA Piper has advised Deutsche Bank on its special situations investment in Australian listed Paladin Energy Limited (PEL), which holds substantial uranium and mining assets in Namibia, Malawi, Canada and certain Australian states.
Paul, Weiss advised French oilfields services giant CGG S.A. in the successful implementation of its financial restructuring plan. CGG announced that the company had equitized nearly all of its unsecured debt, extended the maturities of its secured debt and secured additional liquidity, with debt reduced to $1.2 billion. The implementation marks the completion of a financial restructuring that began more than a year ago and led to a restructuring support agreement that swapped nearly $2 billion in debt for most of the reorganized company’s equity.
King & Wood Mallesons (KWM) advised China Development Bank in connection with the multi-billion dollar debt restructuring of Indonesia's largest thermal coal producer, PT Bumi Resources.
Following its restructuring, lenders have been approved to exchange existing debt for new debt and securities – comprising senior loans and notes, mandatory convertible bonds, and contingent value rights.