• Turn around situations and creating opportunities through restructuring.
  • Restructuring corporate groups and the ownership of assets to achieve cost savings and tax efficiencies.

An investment portfolio acquired pre market-crash was re-valued at €70m against outstanding debt of €79m.The client was keen to save the portfolio but any further equity injection would have been lost.

The loan was split into A and B notes owned by 2 different lenders - A €46m and B €33m. We approached the B lenders and negotiated the acquisition of the B notes on behalf of the client for €11m, 33% of face value. We simultaneously introduced and negotiated a full refinance of the A note for 7 years at a floating rate (previously fixed).

By restructuring the debt in this way, the client now had minimum equity of €24m plus cash flow over 7 years of around €4m, a return of €28m on an €11m investment and in excess of 250%.