Maria Yip

Maria's experience includes advising:

Restructuring & Special Situations Matters 

• The bondholders in a liability management exercise of the bonds of Pfleiderer, a German manufacturer of wood-based materials, and its c. €820 million debt capital structure
• The ad hoc committee of term, RCF, and L/C lenders to ARVOS, the global manufacturer and supplier of industrial equipment, heat exchange, and transfer solutions, on its c. €590 million debt and equity recapitalization transaction, implemented via a UK scheme of arrangement
• SGB-SMIT, the power transformer manufacturing group, on the amendment and extension of its c. €630 million debt liabilities, including a significant equity injection from sponsor One Equity Partners, via the first UK restructuring plan conducted by a German-headquartered business
• The senior creditors’ committee on the c. €375 million debt and equity restructuring and recapitalisation of Pronovias, the Spanish wedding and occasion wear business
• Löwenplay, the German casino operator, on its debt for equity swap implemented via an English scheme of arrangement
• 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 senior creditors committee in relation to the Company Voluntary Arrangement (CVA) and subsequent c. £740 million debt and equity restructuring via the new UK ‘a Part 26A restructuring plan’ regime, of PizzaExpress, the UK and international casual dining group
• 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
• Survitec Group, the UK-headquartered and global safety and survival equipment business, in relation to its corporate and financing representation and £450 million debt and equity restructuring
• The ad hoc committee in relation to the restructuring of Deoleo, S.A., a Spanish headquartered and global olive oil production and distribution business, involving a Spanish homologacion process, partial debt for equity swap, new rights issue, and complex intra-group reorganisation with business and asset hive down
• The committee of senior secured bondholders in relation to New Look, the UK-headquartered national fashion retailer, including the Corporate Voluntary Arrangement (CVA) of its store portfolio and a restructuring of its c. £1.35bn debt capital structure via the injection of interim financing, public debt exchange, debt-for-equity swap, and new high yield bond issuance
• Thomas Cook, a global travel business, during its compulsory liquidation, in relation to its restructuring, refinancing and the preparation of a scheme of arrangement to allow the implementation of a debt-for-equity swap
• A group of 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
• A lead investor in connection with the restructuring of General Healthcare Group’s (operating as BMI Healthcare) c. £2bn opco/propco capital structure, Britain’s largest private healthcare group
• The ad hoc creditor committee on the approximately €450 million debt and equity restructuring of the French-headquartered trucks leasing business, Fraikin Group*
• The committee of secured creditors on the approximately €900 million debt and equity restructuring of Van Gansewinkel Groep, a Benelux waste management business*

Financing Matters 

• The lenders on the financing for AutoScout24’s agreement to acquire TRADER Corporation (TRADER Canada), the operator of Canada’s leading online automotive marketplaces, from Thoma Bravo
• Atlantic Park in relation to the financing of the acquisition by Epiris of GSF Car Parts from LKQ Corporation
• Bain Capital Credit on its joint investment in Food Service Project, SA (Alsea Europe) with Alsea, SAB de CV, the leading operator of quick service restaurants, coffee shops, casual and family dining establishments in Latin America and Europe, and Alia Capital Partners
• Blackstone Credit (formerly GSO Capital) in relation to the public-to-private of Saferoad, the Nordic and European road equipment and infrastructure business, and ongoing corporate reorganisations post-acquisition

*Matter handled prior to joining Latham