Restructuring

Our restructuring team advises insolvency and turnaround practitioners, banks, boards of directors and debtors on business restructuring, recovery and formal insolvency work.

The team is led by Brett Israel who has broad restructuring and insolvency experience across a variety of sectors and industries. In recent years, he has worked on some of the more noted corporate collapses like Thomas Cook, Lehman, HMV, MF Global, Blockbuster and Jessops as well as on a wide array of mid-market cases including Smart Focus, the GSM colleges group, the Lordsbridge caravan park group, Ashbury Chocolates and The Troubadour Club. The post-Lehman period has also seen our involvement in a significant number of restructurings of highly leveraged private equity-backed buy-out and special purpose property vehicles, entailing debt for equity swaps, intercreditor subordinations, hedging product claims, cross-border tax migration issues and the like.

Our core clients include various firms of insolvency practitioners as well as lenders, turnaround specialists and investment firms. Recently, we have worked with the likes of BDO, CVR, FRP, Deloitte, Duff & Phelps, Hilco, Kingston Smith, Kreston Reeves, Mercer & Hole, Octopus, Opus Restructuring, RSM and Smith & Williamson on transactional restructuring and formal insolvency matters including business and asset sales out of administration and liquidation.  Our cases have spanned the aviation and travel, construction, manufacturing, media, real estate, retail and technology sectors.

Based around a very sound understanding of technical insolvency rules, we also have a strong reputation for more complex advisory work including strategic options analysis and security reviews. This is always geared around a clear grasp of the commercial imperatives and often pressured circumstances of a distressed scenario and the use of our transaction and stakeholder management skills to reach the desired business outcome in the most efficient manner available.

Marriott Harrison’s restructuring team have provided me with sound, pragmatic and commercial advice. They’re great to work with and always accessible.

Malcolm Cohen, Partner, BDO