Jenny Davidson

Jenny’s expertise includes a wide range of out-of-court and in-court restructuring tools, with a particular focus on large cap cross-border structures. Her experience covers various debt structures, including LBOs, high yield bonds, syndicated loans, Islamic financings, securitisations and other off-balance sheet financings, ECA-backed financings, asset-backed financings, JOLCOs, and cross-border cash pooling. Her practice spans a multitude of sectors including telecoms, automotive, aviation, retail, cinemas, financial services, real estate, vending, leasing and infrastructure projects.

Jenny is listed as a Key Lawyer in legal 500 and has been recognised in GRR’s Global 40-under-40 list (Global Restructuring Review), awarded Restructuring & Insolvency Lawyer of the Year (EMEA) (Women in Business Law Awards) and listed in Rising Stars: The U.K.’s top 25 up and coming Female Lawyers (Legal Week / Law.com)

Jenny is dual qualified in the UK and the Netherlands, and is a member of INSOL, ILA, R3, IWIRC, TMA, the Dutch Restructuring Association and CERIL

Representative experience:

• First Brands Group: advised the company, a leading global supplier of aftermarket automotive parts with over US$10bn+ of on-/off-balance sheet debt, on its U.S. chapter 11 proceedings and the restructuring, distressed M&A and liquidation of its businesses across 30+ jurisdictions
• Maxeda DIY Group: advised an ad hoc group of noteholders to a leading Benelux DIY retailer, on the consensual recapitalization and refinancing of its $435m high yield notes
• Foundever: advising the company, a global customer experience outsourcing company, in respect of its $1.2bn of senior secured loans
• Vialto Partners: advised the company, a global mobility solutions provider carved-out from PwC, on the consensual recapitalization and refinancing of its $1.7 billion of first-lien and second-lien debt facilities, supported by CD&R and HPS
• SIGNA: advised Julius Baer as lender of over $675m to René Benko’s global real estate and retail empire, following its collapse into Austrian and Swiss insolvency proceedings
• IGM Resins: advised the company, a leading global industrial raw material and technical solutions provider, on the consensual recapitalization and refinancing of it €375m of senior secured loans, including the launch of a UK scheme of arrangement, supported by Astorg
• Schoeller Allibert: advised the company, a global leader in returnable transport packaging, on the consensual recapitalization and refinancing of its €300m of senior secured loans, supported by Brookfield and SVP
• VEON (VimpelCom): Advised an ad hoc group of noteholders to a multinational telecommunications and digital services company, on challenging its UK scheme of arrangement in respect of its $1.7bn of high yield notes
• Glencore: advised them as purchaser on their distressed acquisition of a Jamaican mine from the Noble group
• PSP: advised the sponsor of Wittur, a German-based elevator components producer, on the consensual recapitalisation and refinancing of its €900m of first and second lien loans
• Cineworld: advised the official Committee of Unsecured Creditors (UCC) in respect of the U.S. Chapter 11 proceedings and UK recognition matters
• Nordic Aviation Capital: advised an ad hoc group of over 20 secured lenders to the world’s largest regional aircraft lessor, in relation to its $6bn restructuring by way of U.S. chapter 11 proceedings
• Odeon: advised the company, Europe’s largest cinema operator (part of the AMC Entertainment Group), in relation to its financial difficulties during covid and the refinancing of its £400m of senior secured loans
• Syncreon Group: advised the company, a global logistics solutions provider, on its $1.1bn cross-border balance sheet restructuring by way of English schemes of arrangement and associated U.S. chapter 15 and CCAA recognition proceedings
• Dana Gas: advised an ad hoc group of bondholders to an ADX-listed UAE based petroleum business, in relation to the litigation and consensual restructuring of its $700m Islamic (sukuk) bonds
• Waypoint Leasing: advised the company, the world's second largest helicopter leasing company, on matters of English law in connection with a $650m section 363 sale to Macquarie Rotorcraft within U.S. chapter 11 proceedings
• Four Seasons Healthcare Group: advised the majority holder of senior secured notes to a UK health and social care services provider on a contentious restructuring of its £525m of debt
• Doncasters: advised the company, a global alloys manufacturer for the aerospace industry, on its $1.2bn balance sheet restructuring by way of English scheme of arrangement
• MF Global UK: advised KPMG as administrators of a former global derivatives broker on their UK company voluntary arrangement (CVA) within UK special administration proceedings
• Toys “R” Us: advised Lego as key supplier in relation to the global toy retailer’s UK company voluntary arrangement (CVA) and subsequent UK administration
• Claire’s: advised the company, a global accessories retailer, on English and European law insolvency risks and directors’ duties in connection with its U.S. chapter 11 proceedings
• Steinhoff: advised CD&R on their distressed purchase of Conforama, a Europe’s second-largest home furnishings retailer, from Steinhoff during its UK company voluntary arrangement (CVA)
• Edcon: advised the senior secured term loan lenders to South-Africa’s largest clothing, footwear and textile retailer, on the restructuring of its $2.1bn of senior secured and super senior debt, by way of South African compromise proceedings*
• Pelican Rouge/Autobar: advised the company a European coffee vending business, on two rounds of consensual restructurings, including a debt to equity swap and a distressed sale to KKR/Selecta*
• Phones 4U: advised PwC as administrator of a UK mobile phone retailer, in respect of various ongoing UK insolvency matters*
• Marme/Santander Headquarters: advised an ad hoc group of senior secured lenders and swap counterparties to the Dutch-incorporated holding companies owning the Banco Santander headquarters in Madrid, within Spanish insolvency proceedings*
• TAV Tunisia: advised a syndicate of banks and international finance corporations (IFCs) on the restructuring of two airports in Tunisia*

* Experience gained at previous firm