By Irene Madongo (December 11, 2023, 11:20 AM GMT) — Willkie Farr & Gallagher has appointed Simon Baskerville, a lawyer with Latham & Watkins LLP, as a partner in its business reorganization and restructuring department, a move it believes will strengthen its services amid an expected rise in cases involving troubled companies…. Read the full…
TOKYO, Dec. 11, 2023 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Go Matsumoto as a Senior Managing Director within the Corporate Finance & Restructuring segment in Tokyo. In addition, Eiji Michihiro joined the segment in Tokyo as a Senior Advisor. Mr. Matsumoto has more than 20 years of experience…
The Australian government introduced two significant new insolvency solutions following the enactment of the Corporations Amendment (Corporate Insolvency Reforms) Act 2020 (Cth), as part of the federal governments JobMaker Plan in response to the COVID-19 pandemic. The second of these solutions is the Small Business Debt Restructure Process (SBDRP). The benefits of entering a SBDRP include:…
Flender Ireland, the finance provider that has lent 60 million to small businesses since 2016, has entered into the States examinership-light debt restructuring process as it looks to erase up to 4.2 million owed to its parent and Revenue. The company started of in the peer-to-peer lending market but now sources funds from institutional investors.…
Leading audit, tax and consulting firm RSM UK has appointed David Shambrook as a partner in the London office. David will join the firms restructuring team within consulting. David has 18 years experience in restructuring and has led on various advisory, turnaround, rescue and formal restructuring projects. He was previously a partner at FRP, where…
Cazoo has completed its debt restructuring programme and announced a new board. Under the restructuring bondholders agreed to swop the debt they own for shares in the company. Paul Whitehead, CEO said: I am delighted that we have now completed these transactions. Cazoo launched only four years ago this week and has already sold almost 150,000…
Company Secures Additional $7 Million in New Financing at Exit, Bolstering Financial Resources for Enhanced Market Leadership in The On-Site Power Generation Industry LOS ANGELES, December 07, 2023–(BUSINESS WIRE)–Capstone Green Energy Holdings, Inc. (the “Company”), the public successor to Capstone Green Energy Corporation (Predecessor Capstone), announced the successful completion of the restructuring of the Capstone…
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Dec. 6, 2023 7:20 pm ET|WSJ Pro Listen (1 min) Air Methods, a helicopter ambulance business backed by a private-equity firm, received bankruptcy court approval for its restructuring plan to cut $1.7 billion of debt. Under the plan approved by the U.S. Bankruptcy Court for the Southern District of Texas, Air Methods is expected to…
Key Takeaways Procter & Gamble Co. (P&G) will take up to $2.5 billion in charges for a restructuring along with an impairment related to its Gillette business. The consumer products company said the restructuring would take place primarily in certain of its enterprise markets, including Argentina and Nigeria. Procter & Gamble warned that while the…