ARC - London - Oct 08:Layout 1.qxd - Pinsent Masons

pinsentmasons.com

ARC - London - Oct 08:Layout 1.qxd - Pinsent Masons

Accelerated Restructuring Capability (ARC)

Our Restructuring team has created an Accelerated Restructuring Capability (ARC). We

recognise that underperforming corporates present transactional opportunities not only for

corporate buyers, but also for key stakeholders to realise value despite distressed

situations.

What is ARC?

ARC is a cross-disciplinary team specialising in the delivery of accelerated restructuring and

compressed corporate finance deals for businesses in distress anywhere in the UK.

Our dedicated ARC lawyers can assist in:





taking full advantage of available time by processing several alternative strategies in

tandem, actively project-managed through our project management tool, Pinsent

Masons Smartplan;

focusing on key high-risk areas of due diligence;

identifying innovative solutions to enhance cash flow and support cash generation;

utilising our extensive sector specific database of acquisitive corporates and funders, to

ensure that all opportunities are fully explored.

Appreciating the commercial sensitivities surrounding a distressed business is of paramount

importance. Our ARC skills and experience in dealing with the issues involved in high-value

complex restructuring, corporate finance and property assignments mean that we can

identify the practical solutions which enhance stakeholder value and allow a controlled

sale or restructuring process to maximise stakeholder value.

Review Strategy Marketing Negotiation Conclude



Stakeholder

Positions

(banks, private

equity

shareholders,

pension

schemes, credit

insurers)

Key legal issues

(employees,

contracts,

property)



ARC links

closely to the

managed exits

operated by

banks and

accountants

Advising on

legal impact of

rescue

strategies




Sales:

confidentiality,

offer evaluation,

data rooms

Refinance:

debt-for-equity

swap, sale +

leaseback, asset

based finance

Acquisitions:

focused due

diligence





Employee

relations

management

Sale documents

Property

portfolio

management +

landlord

negotiations

Security

renegotiation





Finalise

documents

Appropriate

appointments

Consents

Waivers

Pinsent Masons Smartplan

We have been working to improve our approach to costs transparency and project

management and, with the introduction of Pinsent Masons Smartplan, we have now

achieved this aim. The bespoke software, which has been developed in-house, has made our

systems more sophisticated than any other UK law firm.

Pinsent Masons Smartplan enables the ARC team to take any assignment and break it down

into its component parts. An appropriate timeframe and cost can then be attributed to

each component of the assignment, producing a comprehensive plan of the time and

commitment required from all parties to reach completion on budget.


Our Credentials

Set out below are some of the most recent transactions delivered by our ARC team:

Project Granite

Acting for a food production and distribution group as lead advisers on a complex £800m debt restructuring (£360m Bank debt

and £440m unsecured pension stakeholder debt) of an international distribution group, with £1.7billion turnover and 20,000

employees. The Pension Schemes represent the second largest group of members to enter the PPF (5,441 members), behind only

MG Rover (6,228 members). Our ARC team guided the group through complex negotiations ensuring a successful resolution for

the stakeholders.

Project Bullet

Advising the primary security holder and Ernst & Young LLP as administrators of the Hawkshead clothing retail group on the

disposal of its multi-site business to Branded Logo Limited. Focused marketing led to several offers being negotiated

simultaneously through to completion within 5 days of being instructed, thereby helping the survival of the business and the

preservation of some 380 jobs.

Country Foods Group

Acting for the primary security holder and Grant Thornton UK LLP in relation to an intensive 4-week marketing and sale process,

resulting in the successful sale of the frozen foods group, producing higher recoveries than expected as a result of the competitive

tension generated.

Anisa Group

Acting for Anisa Group on an accelerated corporate finance acquisition of FWL Technologies Limited, which created the UK's

market leader in warehouse and distribution services, with over 400 customers at 700 locations worldwide. Our ARC lawyers

used Pinsent Masons Smartplan to project manage the matter.

Project Springtime

Advising management on the successful £90m debt restructuring and reorganisation of the Nightfreight logistics group, a national

support services sector client, employing over 2,500 people across the UK.

For further information about ARC, please contact:

Alastair Lomax, Birmingham on: T: 0121 260 4007 E: alastair.lomax@pinsentmasons.com

Jonathan Jeffries, Head of Restructuring on: T: 0113 294 5281 E: jonathan.jeffries@pinsentmasons.com

Richard Williams, London on T: 020 7490 6246 E: richard.williams@pinsentmasons.com

Seamas Gray, London on T: 020 7418 7134 E: seamas.gray@pinsentmasons.com

Jamie White, Manchester on: T: 0161 250 0115 E: jamie.white@pinsentmasons.com

This note does not constitute legal advice. Specific legal advice should be taken before acting on any of the topics covered.

LONDON DUBAI BEIJING SHANGHAI HONG KONG SINGAPORE

OTHER UK LOCATIONS: BIRMINGHAM BRISTOL EDINBURGH GLASGOW LEEDS MANCHESTER

T 0845 300 32 32

© Pinsent Masons LLP 2009

Pinsent Masons LLP is a limited liability partnership registered in England & Wales (registered number: OC333653) and regulated by the Solicitors Regulation Authority. The word 'partner', used in relation to

the LLP, refers to a member of the LLP or an employee or consultant of the LLP or any affiliated firm who is a lawyer with equivalent standing and qualifications. Singapore location in association with MPillay.

A list of members of the LLP, and of those non-members who are designated as partners, is displayed at the LLP's registered office: CityPoint, One Ropemaker Street, London, EC2Y 9AH, United Kingdom. We

use ‘Pinsent Masons’ to refer to Pinsent Masons LLP and affiliated entities that practise under the name ‘Pinsent Masons’ or a name that incorporates those words. Reference to ‘Pinsent Masons’ is to Pinsent

Masons LLP and/or one or more of those affiliated entities as the context requires. For important regulatory information please visit: www.pinsentmasons.com

www.pinsentmasons.com

More magazines by this user
Similar magazines