Fried Frank Harris Shriver & Jacobson, Eversheds Sutherland and Shoosmiths have been called up on the latest retail restructuring as Harveys falls into administration and Bensons for Beds is saved. Furniture store Harveys collapsed into administration yesterday while sister company Bensons for Beds has been bought by its former owner, turnaround firm Alteri Investors through […]
Walker Morris has been handed the mandate by the administrators seeking to save Wigan Athletic FC from insolvency. The firm’s head of sport David Hinchcliffe is on call as it seeks a buyer for the club. Three partners from Begbies Traynor have been appointed as the joint administrators. The Championship club has faced significant financial […]
Shoosmiths and TLT are acting opposite each other on another retail rescue, as TM Lewin is bought back by its owner through a pre-pack administration. Shoosmths restructuring partner Aaron Harlow is acting for administrators ReSolve, alongside partner Lee Sennett and senior associate Charlotte Doyle. The 122-year-old Jermyn Street shirtmaker went into administration yesterday (30 June) […]
Calling upon Slaughter and May and Linklaters, Mitie and Interserve joined forces to gain scale in Britain’s expansive outsourcing industry. In a £271m deal, Mitie acquired the facilities management arm of rival Interserve, creating the UK’s largest facilities management business with 88,000 staff and a turnover of £3.5bn. The Goverment is currently relying heavily on […]
Linklaters is set to act on the administration of Intu, as the shopping centre giant becomes the latest corporate casualty of Covid-19. Restructuring and insolvency partner Richard Hodgson is leading for KPMG as the administor, alongside partner Matthew Harding and associate Max Krasner. The shopping centre giant fell into administration today after after failing to […]
Addleshaw Goddard and TLT have acted on JD Sport’s £56.5m acquisition of Go Outdoors. JD Sports appointed Deloitte as administrators last week before swiftly buying back its Go Outdoors brand as part of a pre-pack deal on Tuesday (23 June). A Manchester-based Addleshaws team acted for JD Sports, led by restructuring partner Tim Taylor and […]
Kirkland & Ellis is acting for Travelodge on its company voluntary arrangement (CVA) as it strives to cut its rent and end a dispute with its landlords. Restructuring partners Kon Asimacopoulos and Elaine Nolan, as well as and litigation partner Richard Boynton are taking the lead for Travelodge. The Goldman Sachs-backed hotel operator runs a […]
As Covid-19 rocks the aviation industry, Linklaters, Clifford Chance and DLA Piper each had a hand in the $5bn (£4bn) bailout of Hong Kong’s flag-carrier, Cathay Pacific. The Hong Kong government-backed recapitalisation plan is aimed at shoring up the airline, providing £2.7bn in the form of preference shares, warrants and a loan. The government will […]
TLT and Shoosmiths have acted on Boohoo’s £5m cash acquisition of Oasis and Warehouse. TLT restructuring and insolvency partner Peter Carney led for online fashion chain Boohoo, alongside commercial partner Pauline Cowie and corporate M&A partner Alice Gardner. Shoosmiths national head of corporate restructuring and advisory James Keates, partner Lemi McAuley and associate Lucy Sanderson […]
Though two of last week’s major deals involved familiar high street names, there were other transactions being signed to create Covid-19 chatbots and secure rights in literary estates. Stepping into the world of fiction, Travers Smith and Dentons acted on the sale of Peters Fraser + Dunlop’s 12 literary estates to newly-formed group International Literary […]
Linklaters has guided Unilever through a major restructure that will see the consumer goods giant ditch its legal entity in the Netherlands for a single PLC structure in the UK. The firm’s global co-head of consumer Paul McNicholl and corporate partner Charlie Turner led on the deal for the conglomerate, which is scrapping its 90-year […]
Shoosmiths and Bryan Cave Leighton Paisner are acting on the rescue of Monsoon Accessorize, which has been saved by a buyout deal. The fashion brand collapsed into administration last night (9 June). Almost immediately, founder Peter Simon bought the business out of administration as part of a pre-pack deal, leaving him in control of a […]