Ashurst’s second Cerburus deal saves Torex cash
Ashurst client Cerberus’s acquisition of troubled software retailer Torex has meant the company’s administrating banks have been able to recover most of their money. Advised by Allen & Overy (A&O), the Royal Bank of Scotland (RBS) recovered the majority of the £202m it leant to Torex when the heavily indebted software company went into administration […]