Practice Areas - Restructuring and Insolvency Law Firms and Lawyers
| Deal Date: | 16-04-2014 | Practice Area: | Restructuring and Insolvency |
| Deal Title: | Acquisition of Albemarle and Bond | Industry: | Support Services |
| Description: |
Travers Smith restructuring partner Andrew Eaton and private equity partner Paul Dolman have advised a Bidco funded by an international investor group led by Promethean Investments on the acquisition of Albemarle & Bond out of administration. As a result of the acquisition, the Bidco has acquired 128 of the 187 pawnbroker branches and 628 out of 809 jobs have been saved.
Albemarle & Bond entered administration on 25 March 2014 after lenders Barclays and Lloyds Banking Group said that they would not support the company's turnaround plan.
|
||
| Financial Center: | London | Value: | 0.00-0.00 |
| Advised Party: | Creditors | Law Firm | Travers Smith |
| United Kingdom | United Kingdom | ||
| Classification: |
Debt Restructuring |
Lawyer | Andrew Eaton |
