Regional news: North America

Alvarez & Marsal advising Wirecard UK while its US arm launches sale

The US subsidiary of scandal-hit payment processor Wirecard has put itself up for sale, while the group’s UK arm has hired Alvarez & Marsal as criminal investigations open up around the world.

30 June 2020

The road to recovery: investment opportunities for private equity and private debt post-covid-19

London-based Fieldfisher partner Robin Spender and senior associate George Murphy examine the opportunities for distressed investors in the post-covid-19 world. Private equity has never been so cash rich, they say, and assets will rarely represent such value for money.

26 June 2020

Paris, Texas: De Pardieu Brocas Maffei and Jackson Walker advise as France’s Technicolor plots debt swap

Creditors of French visual effects and film production group Technicolor have given a nod to an early plan that takes aim at its US$1.5 billion in debt.

26 June 2020

Digicel wraps up Bermudan scheme with Chapter 15 recognition in New York

Jamaica-headquartered telecoms group Digicel has finalised its US$7 billion restructuring after a New York court gave its Bermudan scheme full force and effect in the United States.

26 June 2020

Gordon Brothers hires from Katten Muchin in New York

Katten Muchin Rosenman partner Cindi Giglio has joined US advisory and investment firm Gordon Brothers in New York.

26 June 2020

FTI Consulting hires in Atlanta

Global advisory firm FTI Consulting has hired a new senior managing director in Atlanta from US turnaround firm Conway MacKenzie.

26 June 2020

Abu Dhabi’s NMC Health wins US recognition

Scandal-hit Middle Eastern healthcare chain NMC Health has won recognition of its English administration proceedings in Delaware, after its foreign representatives from Alvarez & Marsal received no objections to their motion for final relief.

25 June 2020

Swissport scheme sanctioned but unsecured group set to fight changes to intercreditor agreement

An English court has sanctioned a scheme for Chinese-owned aviation services company Swissport, but a group of its senior unsecured noteholders have raised issues with changes to a New York law-governed intercreditor agreement.

24 June 2020

Vinson & Elkins hires from Skadden in New York

Skadden Arps Slate Meagher & Flom counsel George Howard has moved to Vinson & Elkins in New York, which he says is well positioned to have a lead role in the wave of restructurings taking place across the energy sector.

16 June 2020

Simpson Thacher and Young Conaway advise as Pyxus files pre-pack

International tobacco company Pyxus has filed pre-packaged Chapter 11 proceedings in Delaware after reaching an agreement to eliminate US$636 million of second-lien notes amid an “unprecedented” liquidity crisis.

15 June 2020

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