Tristram Gargent advises creditors and companies on complex financings in Europe and internationally, with a particular focus on cross-border restructurings.
Drawing on his broad-based experience in global financial transactions, Mr. Gargent represents a range of clients spanning the capital structure, including asset managers, hedge funds, alternative capital providers, banks, private equity sponsors, corporates, and private companies. He regularly handles consensus-driven workouts, typically in a multijurisdictional context. Mr. Gargent also represents clients in leveraged finance and direct lending transactions.
Mr. Gargent’s practice includes:
- Debt-for-equity and new money transactions
- Restructuring plans, schemes of arrangement, and analogous processes in other jurisdictions
- Special situations
- Exchange and tender offers
- Company voluntary arrangements (CVAs)
- Exit financings
- Distressed M&A
- Leveraged financings
- Direct lending transactions
Mr. Gargent brings particular insight into a variety of corporate structures, as well as a sophisticated understanding of the credit documentation underpinning transactions.
In addition to his commercial work, Mr. Gargent provides pro bono counsel to various organizations, including Cancer Research UK.
Mr. Gargent frequently leads webinars focused on corporate insolvency topics.
Mr. Gargent’s experience includes advising:
- A committee of senior lenders on the financial restructuring of Curaeos, a network of dental clinics and labs in continental Europe, which included an exchange
- Survitec Group, the UK-headquartered and global safety and survival equipment business, in relation to its corporate and financing representation and c. £500 million debt and equity restructuring
- GVC Holdings on the €1.125 billion and US$786 million refinancing of its existing senior facilities, having advised GVC Holdings on the original buy-out financing for the Ladbrokes group
- The ad hoc committee of lenders to Steinhoff Europe AG in respect of the financial restructuring of the Steinhoff group
- The committee of senior secured bondholders in relation to New Look, the UK-headquartered national fashion retailer, including the restructuring of its c. £1.35 billion debt capital structure via the injection of interim financing, public debt exchange, debt-for-equity swap, and new high yield bond issuance
- A group of senior lenders in relation to FläktGroup, the Germany-headquartered global manufacturer of indoor air technology and management systems, on a covenant reset in relation to its c. €390 million debt capital structure
- The exit asset-based loan (ABL) provider in connection with a new ABL facility to Michigan-based supply chain and logistics company Syncreon as part of the restructuring of the Syncreon group through English schemes of arrangement; the ABL facility was subsequently recognized by the Canadian court under the Canadian Companies’ Creditors Arrangement Act and US court under a US chapter 15 process
- Hellman & Friedman and the Blackstone Group on the financing for their €5.7 billion takeover bid for Scout24, representing the largest-ever public-to-private deal in Germany
- EQT on the senior and second lien financing incurred in connection with the US$2.5 billion acquisition of the SUSE business
- PAI Partners and Baring Private Equity Asia on the financing for their acquisition of the World Freight Company group
- The creditors committee on the restructuring of the Prezzo restaurant chain
- Hellman & Friedman on the financing for their US$5.3 billion take-private of Nets, a payments processing utility for the Nordics region
- Aermont Capital on the refinancing of Pinewood Studios
- The mandated lead arrangers on the c. €325 million financing of the acquisition by BC Partners of the Pronovias bridalwear group
- EQT on the financing for its US$1.4 billion take-private of the Kuoni travel group
- The mandated lead arrangers on the €245 million financing of the acquisition by PAI Partners of the AS Adventure outdoor clothing and equipment group
- The mandated lead arrangers on the €325 million financing of Agrokor, the Croatian food and retail group
- Altice, a New York-headquartered telecommunications group, on various bank and bond financing matters