November 03, 2020
Latham & Watkins has advised a
committee of senior lenders comprising of the largest credit institutions on
the financial restructuring of Curaeos, a network of dental clinics and labs in
This included an exchange of c. €345m of existing first lien debt for new first lien
and second lien facilities and equity warrants. The transaction also included a
new money injection to fund implementation of the group’s business plan.
A coordinated Latham team across practices
and jurisdictions advised on the transaction, including the UK, Italy, and
Germany. The team was led by London restructuring & special situations partner
Yen Sum, counsel David Wallace, and associate Tristram Gargent. London partner
Martin Saywell and associate Terry Charalambous led on corporate matters.
Banking matters were led by London partner Ross Pooley, with associates Luke
Lado and Vincent Chan.