Restructuring, reorganisation & refinancing

We carry out reorganisation, refinancing and restructuring work on behalf of a broad range of corporate clients, from owner managed businesses to fully listed PLC's.

We work closely with our colleagues in the Business Tax team and with our client's own tax advisers to identify and implement tax efficient structures.

In some cases, the refinancing arrangements require the transfer or grant of security over freehold and/or leasehold property. In those cases, we work closely with colleagues in our Real Estate team.

Some of our restructuring projects have involved intra-group transfer of businesses and assets. There are quite often TUPE considerations to be taken into account and we work closely with our colleagues in the Employment team to ensure that the regulations are complied with.

Work experience/case studies:

• We advised fully listed client Newport Holdings plc on the £67million refinancing of its property portfolio. This deal required us to work particularly closely with colleagues in the Real Estate team as well as our client's own management team.
• We have advised a substantial South West business on a financial restructuring, including negotiation of additional temporary facilities with existing bankers, a £5million sale and lease back of property, a £1million rights issue and a refinancing facility with new bankers.
• We advised Newburn Consulting plc on a substantial refinancing and rights issue package