Justin Bickle makes a reappearance in The Lawyer
Hot 100 following his reincarnation in September
2005 from stellar bondholder and restructuring
partner at Cadwalader Wickersham & Taft to
influential vice-president of principal investments at
client Oaktree Capital Management.
In his new business role Bickle has had crucial
input into the US investment company's interests in
European high-yield securities and distressed debt.
Oaktree, which holds bank debt in Eurotunnel, has
most notably been waging a court battle with the
channel tunnel operator's management to avoid
being bound by the debt-laden group's restructuring
plan. Under the complex proposal, Eurotunnel would
create a new company, Groupe Eurotunnel, to
acquire the existing business and debts of around
£6.18bn, which would then be slashed and replaced
with a £2.84bn loan.
Bickle has also been key to Oaktree's acquisition
of the $575m (£311.4m) European packaged
meats business of Sara Lee Corporation in
September 2006 and its £182.2m acquisition of
Nestlé and Treats ice-cream maker Richmond
Foods in May 2006.
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