“Extremely commercial” 

“Goes above and beyond” 

“Gives very practical advice during the restructuring process” 

Chambers UK 2020

Yen Sum

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

Yen Sum is a senior partner in the London office of Latham & Watkins and a member of the firm’s Private Capital and Restructuring & Special Situations Practices. She has over 20 years of experience advising on financings, buyouts, reorganizations, and restructurings.

Yen has considerable experience advising senior management, private equity sponsors, credit funds and hedge funds on financial and operational restructurings, special situations, and alternative investments across the capital structure. She also advises on associated M&A and buyouts, acquisition finance, and fund investments.

Yen is particularly focused on cross-border structures or those requiring new or innovative thinking and multifaceted solutions across corporate balance sheets as well as managing divergent stakeholder interests. She has led or has been involved in a number of notable and prominent transactions including investments within multi-layered capital structures, public and private securities, schemes of arrangement and restructuring plans, security enforcements, UK administrations and Company Voluntary Arrangements (CVAs), US chapter 11, and in and out of court proceedings in France, Germany, Luxembourg, The Netherlands, Spain, Switzerland, and equivalent processes in other jurisdictions. 

She also spent several years as an investment professional in Barclays Capital’s Leveraged Finance business, where she was involved in numerous buyouts, refinancings, and recapitalizations.

 

 

Ms. Sum's representative transactions include advising:

  • 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 aviation services business headquartered in Switzerland
  • 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 Company Voluntary Arrangement (CVA) 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 recapitalization 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 financing arrangements and extension of the debt facilities 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 reorganisations 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
 
 
 
Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.