Restructuring and capital solutions

We have led on some of the biggest and most high-profile cross-border restructurings of recent years.

Our team has a wealth of experience acting for stakeholders involved in corporate restructurings or experiencing financial stress. We help boards of directors to steer corporates through troubled waters, and advise global investment funds, asset managers, banks, bondholders and other lenders on debt and corporate restructurings.

We also work closely with our sector specialists to build a deep understanding of the business and its financial pressure points. The team focuses on implementing sustainable solutions and managing the diversity of stakeholder expectations from start to finish.

We are proud of our reputation for taking a pragmatic and commercial approach to speed up lengthy processes and achieve the best outcome for our clients.

Recent client successes

Acting as restructuring expert in McDermott regarding the application of a WHOA to the discharge of approx. US$1bn in liabilities and adjust of US$ approx. US$2.5bn of liabilities towards lenders.

Advising the Casino Commercial Banks in relation to their holdings under Casino Guichard-Perrachon’s (CGP) €2.05bn RCF in the context of the CGP Group’s restructuring, implemented through a French sauvegarde accélérée process.

Advising an ad hoc group of Takko Fashion’s noteholders on the company’s €830m restructuring, including a debt for equity swap via a high yield consent solicitation and reinstatement of c. €405m of existing debt.

Advising the ad hoc group of Revolving Credit and Term Loan A Lenders in the Lumen Technologies liability management transaction which resulted in a significant improvement of terms on behalf of our client group.

Advising the SEAG Group in relation to substantial financial restructuring and asset recovery implemented by way of two CVAs with the group's lenders, bondholders and other financial creditors. Subsequently advising in relation to asset realisation sales including Harveys and Bensons for Beds.

Awards & Recognitions

“They are incredibly responsive and client-service focused. They are used to handling complex and sophisticated processes, always trying to look for the best solution for their client.” Chambers 2025 R&I (UK-wide)

“Freshfields can draw on highly experienced lawyers in multiple jurisdictions and has the depth of talent to cover all aspects of a complex restructuring transaction.” Chambers 2024 R&I (Europe-wide)

Ranked Band 1 for Restructuring & Insolvency, Chambers UK 2025 and Chambers Europe 2024

Legal Adviser of the Year 2024, IFT Awards

Restructuring Team and Restructuring Deal of the Year 2023, IFLR Europe Awards