The firm is involved in major financial and/or industrial restructuring operations, using the full range of legal tools for dealing with business difficulties.
The firm has developed extensive expertise in this area, using tools for preventing difficulties (ad hoc mandates and conciliation) and assisting during collective proceedings (safeguard procedures and insolvency procedures like receivership and winding up).
The firm has notably restructured, by means of an ad hoc mandate, LBOs in a difficult situation because they were carried out on the basis of high multiples and faced with a fall of the target companies’ EBIT following the financial crisis of 2008.
The firm has brought debt servicing back into line with available cash flow by renegotiating for its client its debt structure.
The firm has also initiated and contributed to the positive outcome of safeguard and receivership proceedings involving leading French and foreign companies.
In this matter, we cover all aspects of the proceedings, from the opening judgment to the recovery plan.
In particular, the firm has participated in the analysis of the causes of the financial difficulties faced by the companies and the definition of their treatment, including implementing, in collaboration with the advisory banks, the process of finding financial and/or industrial investors, taking part in negotiations with financial partners, and setting up employment protection plans.