Patrick
Schumann

Advised Ingka Investments (Ikea’s investment arm) on the market-leading acquisition of Topshop’s flagship store out of the Arcadia administration.

Acted creditor side on the precedent-setting DeepOcean Group restructuring plan (the first restructuring plan to utilize the cram-down mechanism under English law).

Advised Chenavari Investment Managers on its enforcement options with respect to a South Asian shipping investment.

Represented a London special situations fund on its enforcement strategy with respect to its investment in a telecommunications company.

Represented Wilmington Trust as trustee of Hertz’s €225m and €500m senior notes in connection with the car rental company’s Chapter 11 restructuring.

Advised the administrators Alvarez & Marsal in connection with the administration of UAE based crypto exchange DEX Holdings.

Represented a London hedge fund in its distressed acquisition of a Dutch electricity producer.

Advised Goldman Sachs as principal shareholder and subsequently Ernst & Young as administrators in the trading administration of the Ceona group, a multinational subsea contractor.

Acted for Turkish construction conglomerate Yuksel Insaat in restructuring its $200m high yield bond by way of a scheme of arrangement.

Represented aircraft lessor Kirk Aviation in connection with Nordic Aviation Capital’s Chapter 11 restructuring.

Advised Freepoint Commodities as lender in connection with the receivables financing of the Prax Group, an oil refining and distribution conglomerate.

Acted for Deutsche Bank as agent in connection with the refinancing of car park operator Apcoa Parking’s $650 million bank debt.

Advised the coordinating committee of senior lenders on the restructuring of German group Scholz Recycling.

Acted for Duff & Phelps as liquidators on the voluntary liquidation of Czech coal miner OKD a.s.,