With 40+ dedicated restructuring lawyers, our practice covers financial restructuring, formal insolvencies, distressed transactions and related disputes. We have particular experience acting for lenders and other creditors as well as companies, boards, investors and insolvency practitioners on UK and cross-border mandates.
Our experience includes the life of a restructuring or insolvency: from contingency planning, refinancing and distressed transactions through to formal appointments and contentious issues.
We are as comfortable helping parties reach an agreed solution as we are protecting our client's position when interests diverge.
After a 90% drop in travellers in 2020, London Southend Airport soon found itself in financial distress, and in need of new management.
We aided its strategic acquisition and recapitalisation to help rescue the asset from further financial distress, utilising the expertise of seven different legal teams from Addleshaw Goddard.
When private equity investor, Endless LLP, wanted to purchase the business and assets of Europe's largest golfing retailer, American Golf, time was incredibly tight.
We had just 48 hours to pin down the details on everything from gift vouchers to custom fit golf clubs. Together with the sell-side lawyers, we negotiated face-to-face, day and night, to hammer out the particulars.
Where restructuring options are unavailable or have been exhausted, or formal insolvency processes are needed to implement a restructuring, an effective plan of action can provide relief and the opportunity to revive a business.
We bring together specialists in financial restructuring and advisory, insolvency, distressed real estate and insolvency disputes. Working as one integrated team, we provide clear, coordinated advice at every stage in the distress curve.
Acting for a private debt fund on a hostile cross‑border restructuring of a global consultancy group, using share enforcement under the Financial Collateral Arrangements Regulations and overseas equivalents to disenfranchise the sponsor and secure economic ownership of the group.
Acting for the senior lender on the restructuring of secured term and revolving facilities for a global sports and entertainment technology group, including a complex framework and call option structure giving our client the right to acquire the group for nominal value.
Acting for a credit union on a regulator‑engaged solvent wind‑down, including a bespoke liability management exercise to restructure capital instruments, preserve solvency and avoid value‑destructive failure for investors.
Acting on the accelerated sale of Lloyds Pharmacy’s retail business, executing hundreds of individual UK pharmacy disposals within a sub 10 month timetable using sector expertise and innovative legal technology.
Acting for Interpath as administrators of Communisis Group on the complex cross‑border sale of its Brand Deployment division and key Customer Experience assets to Paragon Group, safeguarding 581 jobs across 20 jurisdictions.
Acting for Teneo as administrators of Black Sheep Brewery plc and BSB Retail Limited on the sale of the Masham brewery and four Yorkshire pubs to Breal Group, preserving the Black Sheep brand, safeguarding 150 jobs and securing key licensing and HMRC approvals.
Advising an NHS Trust on opposing a Part 26A restructuring plan by a PFI project company, leading to the plan being stayed and ultimately discontinued, protecting PFI step‑in and deduction rights.
Advising Ziglu Limited and its Special Administrators on rescue funding, a contested PESAR Special Administration and the regulatory, trust and customer fund issues arising from its crypto e‑money business.
Acting for a UK government agency on the restructuring of one of London Docklands’ largest mixed use regeneration schemes, involving a revised debt and equity structure for over 7,000 new homes and commercial space on a site vacant for nearly 50 years.
Acting for the administrators (and subsequently liquidators) following the collapse of the Contract Natural Gas Group, an energy utility group that purchased and sold wholesale gas in the UK.
Acting for the joint administrators of Internet Mobile Communications on a cross border administration, including advice on litigation and investigations strategy.
