Deals and Client Wins Maples BVI Advises on US$1.5 billion Restructuring

29 Jul 2020

Maples and Calder, the Maples Group's law firm, is pleased to have advised the senior lenders to the Constellation Group on its global restructuring which was valued at over US$1.5 billion. The highly complex transaction took nearly two years and involved court proceedings in the British Virgin Islands (BVI), Brazil and the US, the key stages of the transaction closed in December 2019 with the final steps being implemented in July 2020. 

A multi-disciplinary team in the firm's BVI office advised on the restructuring which was supported by the successful appointment of the first ever provisional liquidators in the BVI. This transaction followed a landmark decision by the courts of the BVI and demonstrates the ability of BVI entities and credit providers to use this mechanism to preserve and protect a corporate restructuring. 

BVI-based Partner, Chris Newton who led the team on this award-winning transaction commented, "We were delighted to advise on this highly complex and novel transaction. The Maples Group's market-leading BVI team has distinguished capabilities and expertise in the restructuring space which was a key factor in assisting our clients to successfully close this deal." 

A complex and notable deal, the transaction received recognition at the IFLR Americas 2020, winning the Restructuring Deal of the Year.  

Cleary Gottlieb acted as US counsel to the lenders alongside the Maples Group.

 

CONTACTS

bioImage

Chris Newton

Partner

+1 284 852 3043

bioImage

Richard May

Managing Partner

+1 284 852 3027

*
*
*
*


Please note that your email may be received and read by other Maples Group employees in addition to your intended recipient.

The use of this form does not create an attorney-client relationship and information submitted will not necessarily be treated as privileged or confidential, nor will it prevent us from accepting related instructions on behalf of others. Do not send us any information regarding any current or potential legal matters until your proposed engagement of us as legal counsel has been agreed and confirmed by us in writing.

*
*
*

Please note that your email may be received and read by other Maples Group employees in addition to your intended recipient.

Related

Announcements

Maples Advises Apache Capital Partners on Sale of International Firm's HQ in Jersey

 Maples and Calder, the Maples Group's law firm was delighted to once again act as lead Jersey counsel for Apache Capital Partners on a recent transaction.

Read more

21 Oct 2020

Announcements

Maples Group Boosts Jersey Offering with Strategic Hire

The Maples Group is pleased to announce the appointment of Mark Crichton to its Jersey office.

Read more

15 Oct 2020

Deals

Maples Advises on US$8.7 Billion Take-Private of 58.com

Maples and Calder, the Maples Group's law firm, was pleased to advise a buyer consortium, comprising Mr. Jinbo Yao (founder of 58.com Inc.), General Atlantic Service Company, L.P., Warburg Pincus Asia LLC and Ocean Link Asia Limited, on the take-private of 58.com Inc., a Cayman Islands company previously listed on the New York Stock Exchange (NYSE). 

Read more

14 Oct 2020

Announcements

Maples Group Recognised at 2020 IFLR Middle East Awards

Maples and Calder, the Maples Group's law firm, is pleased to announce that it has been recognised once again at the IFLR Middle East Awards.  The awards, which took place virtually this year, acknowledged the most influential corporate finance deals over the past 12 months.  

Read more

14 Oct 2020

Announcements

Maples Group Recognised as Top Legal Adviser at Private Equity Awards

Maples and Calder, the Maples Group's law firm, named the "Best Offshore Law Firm" at the Private Equity Wire US Awards 2020. 

Read more

12 Oct 2020

Announcements

Maples Group Wins Six Awards in Asia

Maples and Calder, the Maples Group's law firm, was honoured to have been recognised at the annual Asia Legal Awards and the long-running ALB China Law Awards last month, winning a combined six awards and sweeping the offshore category at both events.  This is the firm's third and seventh consecutive year winning "Offshore Law Firm of the Year" at the Asia Legal Awards and ALB China Law Awards respectively. 

Read more

09 Oct 2020

Connect

Want to get in touch ?

Contact Us