Category Archives: Restructuring

Eversheds Sutherland Welcomes Finance and Restructuring Partner … – Eversheds Sutherland(US) LLP

Eversheds Sutherland is pleased to announce that Rene Dailey has joined the US Finance Practice Group as partner. Ms. Dailey advises institutional investors in US, Australian and cross-border debt finance and financial restructuring matters. Her practice also includes advising insurance companies on their front-end investment structures, intercreditor arrangements and workouts. I am thrilled that Rene…

Non-Standard Finance group financial restructuring – Slaughter and May

The Non-Standard Finance group (NSF) has completed a financial restructuring, which involved the sanction of a scheme of arrangement to provide certainty as to the extent of its liability for historical redress liabilities and culminated in the transfer of its operating business to a newly-incorporated group owned by its secured lenders. The scheme of arrangement,…

Ant's surprise share buyback values firm at steep 75% discount to IPO – Reuters

HONG KONG, July 8 (Reuters) – Ant Group on Saturday announced a surprise share buyback that values the fintech giant at $78.54 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let some investors exit after a lengthy regulatory overhaul of the firm. The news came…

Ant Group's share repurchase plan values firm at nearly $79 billion – CNBC

HANGZHOU, CHINA – OCTOBER 27: A logo of Ant Group is seen at the company’s headquarters on October 27, 2020 in Hangzhou, Zhejiang Province of China. Vcg | Visual China Group | Getty Images Ant Group on Saturday announced a share repurchase plan that values the fintech giant at 567.1 billion yuan ($78.54 billion), as…

Tiptap and Omnirobotic pursue restructuring after startups fail to … – BetaKit – Canadian Startup News

Burlington, Ont.-based Tiptap and Laval, Qu.s Omnirobotic are restructuring after both startups were unable to secure the financing necessary to support their existing operations and obligations. The two companies are the latest in a growing list of Canadian tech startups to restructure after facing difficulty securing venture capital (VC) during the downturn as rising interest…

Wilko races to raise cash in bid to salvage restructuring deal – Sky News

Wilko, one of Britains biggest discount retailers, is racing to secure a cash injection as it prepares to launch a financial restructuring aimed at securing its future. Sky News has learnt that Wilko, which is owned by its founding family and employs about 12,000 people, is working with advisers to raise tens of millions of…

8VI Holdings Limited Announces Corporate Restructuring to Ensure Long-Term Sustainability – Marketscreener.com

8VI Holdings Limited announced the commencement of a comprehensive corporate restructuring initiative as part of measures aimed at securing long-term survival and sustainability of the Group. While a series of intervention had been implemented before this current financial year, the Group experienced greater than anticipated headwinds within the first quarter of FY2024, prompting further strategic…

HM Revenue and Customs Restructuring Plan – The National Law Review

Thursday, July 6, 2023 Its now level pegging for HMRC on cram down   twice it has been crammed down, and twice it has not. In the most recent restructuring plan proposed by Prezzo, the court sanctioned the companys restructuring plan and crammed down HMRC as both preferential and unsecured creditor.  Unlike Housts restructuring plan,…

Forensic Accounting Group celebrates 50 years in public and … – Surf Coast Times

Anthony Cerantonio, FCPA, founder and managing partner of Forensic Accounting Group, has celebrated 50 years in public and forensic accounting. During this period, he has established and operated a multitude of successful businesses in media, entertainment, not-for-profit organisations, and hospitality including the Great Ocean Road Resort in Anglesea. Anthony has served on the Victorian Dairy…

Astra establishes subsidiary for spacecraft engine business – Yahoo News Australia

Astra is carving out its spacecraft engine business as a wholly owned subsidiary, a corporate restructuring that will provide greater flexibility in hiring and financing, according to documents viewed by TechCrunch and a person familiar with the matter. The new subsidiary, Astra Spacecraft Engines, Inc., was incorporated in Delaware on June 5 and filed with…