Weil advised an ad hoc group of first lien noteholders in relation to a comprehensive debt and equity recapitalization of the Selecta Group. The Selecta Group is a leading foodtech provider specializing in self-service food and drink retail and coffee services with operations across Europe.

The recapitalization was implemented pursuant to the terms of the Selecta Group’s English law-governed intercreditor agreement and with the Dutch court’s approval, through the transfer of the Selecta Group to a newly incorporated UK company formed by a group of supportive, long-term institutional creditors (Bidco). These transaction steps were completed on June 11, 2025 and were followed by new money and debt exchange offers from Bidco which were settled on or around July 31, 2025.

The transaction also involved the following key features:

• Injection of €330 million of new funding to support the Group’s long-term business plan and investment into its pan-European network;
• Reduction of the Group’s outstanding debt by more than €1 billion; and
• Extension of the maturities of the Group’s remaining debt securities into the second half of 2030.

The comprehensive recapitalization provides the Selecta Group with material deleveraging and a sustainable capital structure, which will enable the Group to focus on delivering its business plan and to drive long-term growth and profitability.

The Weil team was led by Restructuring partners Neil Devaney and Matt Benson. They were assisted by counsel Jonathon New, associates Matthew Fonti, Chris Kruizinga, Kyle McLachlan and Peter Hession. Other Weil team members included High Yield partner Gilles Teerlinck, counsel Maxim Frolov and associates Lorenzo Colombi-Manzi and David St-Onge; Finance partner Nicola Noël and counsel Andrew Baker; Tax partner Jenny Doak, counsel Stuart Pibworth and associate Anna Ritchie. Weil worked with Dutch law firm, NautaDutilh N.V., and financial adviser, Houlihan Lokey on the deal.