John Houghton "is one of the most innovative restructuring lawyers in the market; he constantly thinks outside of the box and finds solutions to sticky problems," say clients.

 

Chambers UK 2016

John Houghton

London
  • 99 Bishopsgate
  • London EC2M 3XF
  • United Kingdom
 
 

John Houghton is a member and former Global Co-Chair of the Insolvency Practice and head of the European Restructuring, Insolvency & Workouts Practice. Mr. Houghton specializes in advising creditors, sponsors, insolvency companies, and practitioners on all areas of international restructurings, insolvency, and corporate rescues. He also advises parties seeking to fund into existing insolvencies and restructurings or who are interested in acquiring distressed businesses.

 

Mr. Houghton's recent representative transactions include advising:

Sponsors/companies

  • Privatbank, one of the largest banks in the Ukraine, on the financial restructuring of two sets of its notes via a UK scheme of arrangement
  • Avangardco, one of largest agro-industrial companies in Ukraine, on the restructuring of its high yield notes issued by its Cypriot subsidiary
  • The largest privately owned Ukrainian energy company, DTEK, in connection with an English law scheme of arrangement of its Dutch subsidiary (DTEK Finance B.V.), a finance vehicle incorporated to issue New York law governed notes
  • The sponsor, Netherlands based BXR Group in relation to the restructuring of New World Resources, one of Central Europe's leading hard coal producers   
  • Preem Petroleum, a subsidiary of Corral Petroleum Holdings, in connection with its debt restructuring   
  • Dubai Financial Support Fund and the Government of Dubai in the financial restructuring of Dubai World and its subsidiaries, named Restructuring Deal of the Year by Acquisitions Monthly magazine and Deal of the Year in International Financial Law Review’s Middle East Awards   
  • Gallery Media Group, the second largest outdoor advertising operator in Russia and the Ukraine, in its cross-border debt restructuring   
  • Bluebrook Limited, holding company of IMO Car Wash group, a UK-based chain of conveyer car washes, in the restructuring of multiple classes of debt

Creditors/Creditors’ Committees

  • The ad hoc committee of bank lenders in connection with the ongoing financial restructuring of Mriya, a major Ukrainian agricultural business
  • The senior committee of noteholders formed by the Association of British Insurers in relation to negotiations with Punch Taverns to restructure its debt   
  • Intermediate Capital Group, together with the other mezzanine lenders, in connection with the restructuring of Biffa, a UK-based waste management group
  • The senior lenders and agent in connection with the protective shield and insolvency plan proceedings over German automotive supplier Neumayer Tekfor   
  • The A1 Investment Company in connection with the acquisition of and loan to CEDC, named Chapter 11 Reorganization of the Year at the M&A Advisor Turnaround Awards 2013 and Global Finance Deal of the Year: Restructuring (Europe) at the American Lawyer Awards 2014   
  • The ad hoc committee of bondholders in connection with the restructuring of Seat Pagine Gialle S.p.A., an Italy-based multimedia directories publisher and information search services provider, named Restructuring Deal of the Year by IFLR Europe   
  • KKR Asset Management Europe, as DIP lender to the UK administrators, in connection with the restructuring of Petroplus, an independent oil refinery

 

 
 
 
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