Yen Sum

Yen's representative transactions include advising:

• The ad hoc group of TLB lenders on the €310 million debt recapitalization and extension transaction of Flamingo International Group, a leading global horticultural group headquartered in the UK
• The ad hoc committee in relation to the c. €570 million recapitalization of Hilding Anders, a leading global bedding and mattress company
• The creditors committee in relation to the €865 million first and second lien financing arrangements and €620 million recapitalization of Imagina / Mediapro, a Spanish multimedia communications group
• The committee of noteholders in connection with the c. €430 million restructuring of Haya Real Estate, the largest Spanish real estate servicing company and the largest bank-independent third-party servicer of real estate developer loans (REDs) and real estate owned assets (REOs) in Spain
• The creditors committee in relation to the €160 million rescue financing and subsequent c. €1 billion debt and equity restructuring of Naviera Armas, a Spanish passengers and freight ferry services business
• The senior creditors committee in relation to the c. €300 million rescue financing and subsequent c. €2.9 billion debt and equity restructuring of Swissport, a global Swiss headquartered aviation services business
• The anchor investors in relation to the c. €50 million new money financing and corresponding c. €500 million restructuring of Dümmen Orange, a Dutch-headquartered international plant and flower business
• The senior creditors committee in relation to the compromise of rents and the subsequent c. £740 million debt and equity restructuring via the new UK “ restructuring plan regime ”, of PizzaExpress, the UK and international casual dining group
• New Look, the UK-headquartered national fashion retailer in relation to the Company Voluntary Arrangement (CVA) of its store portfolio and a restructuring of its c. £1.35 billion debt restructuring in 2019 and of its £600 million debt and equity recapitali z ation in 2020
• The creditors committee in relation to the c. €530 million financing arrangements and extension of the debt facilities of ARVOS Group, a global manufacturer and supplier of industrial equipment, heat exchange, and transfer solutions
• FatFace, a UK headquartered apparel retail business in relation to its ongoing corporate and financing matters and, prior to this, the senior creditors committee in relation to the group’s c. £200 million debt and equity restructuring
• The creditors committee in relation to the €1.9 billion debt and equity restructuring of Selecta, a Swiss headquartered pan-European coffee and vending machine business
• The senior creditors committee in relation to the €410 million debt and equity restructuring of Curaeos, a Dutch-headquartered pan-European dental clinics business
• Alcentra in relation to the €155 million debt restructuring and distressed M&A of BVA, the French headquartered global market research and consulting firms
• A direct lender in relation to the Holdco PIK and subordinated financing of public-to-private of Industria Macchine Automatiche S.p.A., a European company in the packaging sector
• A direct lender in relation to the Holdco PIK and subordinated financing of Advent, Cinven and RAG-Stiftung’s c. €17bn acquisition of Thyssenkrupp’s elevator business
• The banks in relation to the c. £450 million debt restructuring of Travelex, a global payment systems business
• The creditors committee in relation to the c. US$2 billion debt extension and financing arrangements of Flint Group, a global supplier to the printing and packaging sectors
• The banks in relation to the c. €900 million debt and equity restructuring of HEMA, the Dutch headquartered variety store-chain
• The creditors committee in relation to the €625 million debt and equity restructuring of Deoleo S.A., a Spanish headquartered global olive oil production and distribution business
• The senior creditors committee in relation to the c. £620 million debt and equity restructuring of Doncasters Group, the UK-headquartered international manufacturer of high-precision alloy components
• Survitec Group, the UK-headquartered and global safety and survival equipment business, in relation to its corporate, financing and strategic matters and its £450 million debt and equity restructuring
• Britax Römer Group, the UK-headquartered child seat, pushchair and bike seat manufacturer and distributor on its c. US$380 million debt and equity restructuring
• The senior lenders in relation to FläktGroup, the German-headquartered global manufacturer of indoor air technology and management systems on its c. €390 million debt capital structure
• The creditors committee on the c. €450 million debt and equity restructuring of the French-headquartered trucks leasing business, Fraikin Group, and representing Fraikin Group and its shareholders in the post-restructuring merger between Fraikin and Via Location
• Goldman Sachs in relation to the £400 million second lien financing for Stonegate Pubs
• The creditors committee in relation to Global Ship Lease’s 9.875% First Priority Secured Notes due 2022 following the Company’s announcement of an all-stock merger transaction with Poseidon Containers
• A key investor in the potential reorganization of a global technology and infrastructure business
• Blackstone Credit (f.k.a. GSO Capital) relating to the public-to-private and ongoing corporate reorganizations of Saferoad, the Nordic and European road equipment and infrastructure business
• Stiga SpA, the Italian garden machinery manufacturer, in connection with its c. €230 million TLB cov-lite and c. €30 million RCF financing as well as corporate and strategic advice to the company and board of directors
• A senior creditor in connection with the restructuring and Chapter 11 of Expro International Group, the UK oil services business
• Certain bondholders in connection with the restructuring of Oi S.A. and subsidiaries, the Brazilian telecommunications group
• The mezzanine lenders in connection with Kedleston, the UK education group
• The TLB lender in connection with the c. £65 million TLB/ABL financing for the Oscar Mayer, a UK food producer
• The mezzanine lender in connection with the c. €160 million financing for Diaverum Group, UK healthcare provider
• A key stakeholder on the c. €1.3 billion super senior revolving credit facility, senior secured and second lien bonds, and mezzanine facility financing of Perstorp AB, a Swedish chemicals business
• The senior lenders on the restructuring of Pelican Rouge, a UK, French, and Spanish vending machine and coffee business
• The unitranche lender on the US$245 million financing of Lumenis Group, an Israeli medical lasers business
• The creditors committee on the €700 million restructuring of H.C. Starck Group, a German metals and ceramics business
• The creditors committee on the c. €900 million debt and equity restructuring of Van Gansewinkel Groep, a Benelux waste management business, and the shareholders in the subsequent merger of the group with Shanks Group plc
• The anchor investors on the £2.8 billion restructuring of French clothing and footwear retailer, Vivarte, named Global Finance Deal of the Year – France in The American Lawyer’s Global Legal Awards 2015
• The creditors committee on the c. £2.3 billion restructuring of hibu (formerly Yell), a US, UK, and Spanish directories business, named Global Finance Deal of the Year – Restructuring & Insolvency in The American Lawyer’s Global Legal Awards 2014
• The unitranche lender on the “first out, last out” financing for AnaCap Financial Partners’ trust and company formation business, First Names Group
• The unitranche lender on the €70.5 million unitranche and acquisition facilities financing of Ambuiberica, a Spanish and Latin American ambulance operator business
• The creditors committee of note holders on the restructuring of the Spanish and Latin American gaming group, Codere
• The lenders in relation to the c. €400 million debt-to-equity restructuring of Marken, a global specialist logistics business, and the shareholders in the subsequent M&A exit
• The creditors committee on the restructurings of European Directories, a pan-European directories group
• The creditors committee on the debt restructurings of Dinosol, a Spanish supermarkets business
• Oaktree Capital on the restructuring of Panrico, a Spanish and Portuguese bread and pastry bakery
• DX, the UK logistics group, on the restructuring of its facilities through a scheme of arrangement
• The lenders on the restructuring of McCarthy & Stone through a precedent-setting business transfer and non-economic scheme of arrangement, named by IFLR as Restructuring Deal of the Year in 2010