Restructuring and insolvency

Cuatrecasas

The restructuring, insolvency, and special situations practice at Cuatrecasas is a vital resource for creditors, debtors, management teams, shareholders, investment funds, banks, and corporates seeking advice on restructuring transactions and general insolvency proceedings. The team is adept at representing both creditors and debtors, and is frequently engaged in crisis management matters, ranging from refinancing and distressed M&A to winding up and directors’ liability issues. The team is led by dual-qualified partner (Spain and New York) Ignacio Buil, who is based in Madrid and specialises in financing and debt restructuring transactions. Other key team members include Patricia Álvarez and Fedra Valencia, both based in Madrid. Additionally, Antonio Carreño and Javier Sánchez, working from Barcelona, play crucial roles in supporting clients in large-scale insolvency proceedings.

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Work highlights

Advised KKR on restructuring Food Delivery Brands (Telepizza), following the agreement reached between its current shareholders—headed by KKR—and over 90% of the bondholders, that includes the debt capitalization by the latter and the company takeover, valued at €400m.
Advised Barcelona Project's on insolvency proceedings of the company that manages the Juan Carlos I Hotel, to be renamed Miranda de Pedralbes and managed by Meliá.
Advised Gestamp Automoción on entering into a syndicated loan with national and international financial institutions to refinance its existing debt and finance the Group’s general corporate needs, valued at €1.7bn.