Yen Sum is a private debt, special situations, and finance partner in the London office of Latham & Watkins.
Ms. Sum specializes in acting for corporations, private equity sponsors, hedge funds, and asset managers on corporate and strategic advisory, turnaround, and finance matters across the capital structure and credit spectrum. She also advises on M&A and buyouts, acquisition finance, and fund investments.
Ms. Sum has experience working on cross-border situations, particularly those requiring new or innovative thinking and multifaceted solutions to be implemented across the capital structure. She has led and been involved with a number of notable and high-profile transactions including those which have required negotiation, management, and the balancing of various stakeholder groups and interests. These include corporate turnarounds and strategic advisory, alternative credit and other new money financings, bank/bond restructurings, schemes of arrangement, security enforcements, pre-packaged administrations, Chapter 11, and other corporate and insolvency matters.
Ms. Sum has experience in a range of sectors including retail, automotive, chemicals, energy and renewables, oil and gas, financial services, manufacturing and industrials, healthcare, pharmaceuticals, waste management, information technology, media and telecommunications, business and professional services, food and beverages, transport, and gaming.
Prior to joining Latham, Ms. Sum spent a number of years at a leading multinational bank as an investment banker. She was also a partner at a leading global law firm.
Ms. Sum's representative transactions include advising:
- The ad hoc committee in relation to a €625 million restructuring of Deoleo, S.A., a Spanish headquartered and global olive oil production and distribution business, involving Spanish and US processes, new rights issue and complex intra-group reorganisation with business and asset hive down and partial debt for equity swap
- The committee of senior secured creditors in relation to Doncasters Group, the UK-headquartered international manufacturer of high-precision alloy components on its c. £620 million debt capital structure
- 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
- 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 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
- A group of bondholders led by CQS and HIG (including Citadel, CVC, Southpaw, 400 Capital, Millstreet, Bluecrest, Muzinich, Ironshield, and TT International) 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
- The senior creditors on the c. €450 million debt and equity restructuring of the French-headquartered international trucks leasing business, Fraikin Group*
- A key creditor in connection with Steinhoff, the South African headquartered global retail conglomerate*
- 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*
- A key bondholder in connection with the restructuring on Noble Group, the commodities trading business listed in Singapore*
- The senior lenders on restructuring the debt and equity structure of Pelican Rouge, a UK, French, and Spanish vending machine and coffee business*
- The ad hoc committee on the €700 million restructuring of H.C. Starck Group, a German metals and ceramics business*
- The senior creditors in the €900 million debt and equity restructuring of Van Gansewinkel Groep, a Benelux waste management business*
- 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 committee of creditors 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 ad hoc committee of note holders on the restructuring of the Spanish and Latin American gaming group, Codere*
- The senior creditors in the c. €400 million debt-to-equity restructuring of Marken, a global specialist logistics business*
- The committee of creditors on the restructurings of European Directories, a pan-European directories group*
- The committee of creditors 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*
Financing and M&A
- A multinational corporate headquartered in Western Europe and its board of directors in relation to its ongoing shareholding, corporate, and financing arrangements as well as strategic, trading, and reorganization matters
- GSO Capital relating to the public-to-private of Saferoad, the Nordic and European road equipment and infrastructure business
- A key investor in relation to their investment and the potential reorganization in a global technology and infrastructure business
- Stiga SpA, the Italian garden machinery manufacturer in connection with its c. €230m TLB cov-lite and c. €30m RCF financing as well as corporate and strategic advice to the company and board of directors
- The mezzanine lenders in connection with Kedleston, the UK education group*
- The TLB lender in connection with the c. £65m TLB/ABL financing for the Oscar Mayer, a UK food producer*
- The shareholders in the merger of Van Gansewinkel Groep, a Benelux waste management business, with Shanks Group plc*
- The mezzanine lender in connection with the c. €160m 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 shareholders in the M&A of Marken, a global specialist logistics business*
*Matter handled prior to joining Latham