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Matthew is the head of the London business restructuring group. He has broad experience acting for debtors, investment and commercial banks, private credit funds and other alternative capital providers. He has advised on transactions across the credit spectrum, including cross-border and domestic financial restructurings, lending transactions, and distressed and recovery situations.
Experience
Matthew’s select experience includes advising/representing:
- Inotiv, Inc., a leading contract research organization specializing in nonclinical and analytical drug discovery and development services and research models, and its affiliated debtors in their packaged Chapter 11 cases involving a comprehensive recapitalization and balance sheet restructuring.
- HG Vora Capital Management and Nantahala Capital as Fossil Group’s supporting noteholders in the negotiation and implementation of an innovative exchange offer for new first-out and second-out senior secured notes due 2029 and associated incremental funding, warrants, and equity consideration, implemented by means of a single class English Part 26A restructuring plan. IFLR Europe Awards: Restructuring Deal of the Year 2026 (Shortlisted).
- Altice France S.A. and Altice France Holding S.A., a leading telecoms and media company, on their historic balance sheet restructuring involving more than €24 billion of debt, comprising term loans, senior secured notes and senior notes. IFR Awards: EMEA Restructuring Deal of the Year 2025.
- Oriflame in connection with a comprehensive recapitalisation to deliver a substantially de-levered and sustainable balance sheet with a debt reduction of approximately €520 million and a meaningful maturity runway.
- a prospective equity investor in Thames Water in relation to its historic restructuring proceedings.
- Lebara, a European telecom business, on the refinancing of the group’s capital structure, including a rights issuance.
- Exactech, Inc. and its affiliated debtors in their Chapter 11 cases involving the restructuring of more than $350 million of prepetition debt, as well as additional prepetition liabilities, supported by an $85 million in debtor in possession credit facility and a stalking horse bid, which remains subject to higher and better offers, for substantially all of the debtors’ assets.
- Hardinge, a precision machining and tooling manufacturer, in connection with refinancing efforts and ultimately, their Chapter 11 cases to address over $100 million in secured debt, facilitate two going-concern 363 sale transactions for substantially all assets, investigate claims and causes of action held by the estates, and negotiate and consummate a liquidating Chapter 11 plan, including a global settlement embodied therein.
- an ad hoc group of creditors to Intrum, a European debt collection business, with respect to a recapitalisation transaction.
- Arrival, a distressed electronic vehicle manufacturer, including putting in place unique and innovative secured bridge financing and concurrent convertible bond exchange, a first in the European market, and subsequent administration.
- Vewd Software in connection with its Chapter 11 proceedings covering its plan of reorganization, where pre-petition secured lenders exchanged their existing debt for equity in the reorganized business and provided new capital. M&A Advisor Turnaround Awards: Cross-border Restructuring Deal of the Year 2023 ($100m to $1b).
- Mitsubishi UFJ Financial Group (MUFG) subsidiary, Mitsubishi UFJ Trust and Banking Corporation, on the UK aspects of its acquisition of leading Australian pension administration firm Link Group (LNK.AX) in a A$1.2 billion ($802.7 million) deal, as Japan's largest banking group continues to grow its fund administration business.
- an ad hoc group of bondholders to Convene Group in relation to its restructuring by means of a debt-to-equity transaction and subsequent recapitalisation.
- an ad hoc group of creditors to Logan, a Chinese real estate developer.
- the shareholder to a global healthcare business in relation to its restructuring.
- the lender to a distressed Indian chemicals business in relation to its investments.
- a stakeholder in BritishVolt, the British automotive battery manufacturer.
- an ad hoc group of noteholders of Quotient Limited in relation to its Chapter 11 proceedings.
- a lender to a German manufacturing business in relation to a liability management exercise
- Monarch Alternative Capital LP on a super senior term loan B facility to the Boparan group, together with Monarch Master Funding 2 S.à.r.l. as the sole purchaser in the private placement of senior secured notes.
- Output Services Group, Inc. and certain of its affiliates in connection with its prepackaged Chapter 11 cases. Output Services Group is a leading provider of integrated customer communications and engagement services. The company’s plan of reorganization successfully restructured approximately $825 million of funded indebtedness through a consensual deleveraging of approximately $134 million and new money capital infusion of approximately $70 million. M&A Advisor Turnaround Awards: Information Technology Deal of the Year 2023.
- a group of bondholders to Garrett Motion, a leading auto technology company, on its restructuring in Chapter 11.
- a global asset manager in relation to its refinancing of a leading European media business.
- a leading European telecoms business in relation to certain bond issuances.
- a leading private equity business in relation to a distressed M&A transaction in the telecommunications sector.
- Bain Capital Credit in connection with its investment in the INSPIRE Entertainment Resort in South Korea.
- Triton in relation to the €28.7 million refinancing of Cata Electrodomesticos.
- a stakeholder in the Amigo scheme of arrangement.
- an ad hoc group of bondholders to Lebara in relation to a share pledge enforcement and subsequent restructuring of the group’s capital structure.*
- a group of lenders to Bulsatcom, a Bulgarian telecommunications business, in relation to an enforcement and refinancing process.*
- the Wentworth Group, with respect to Lehman Brothers International Europe’s English scheme of arrangement.*
- Noble Group Limited, with respect to its restructuring by means of English and Bermudian schemes of arrangement.*
- an ad hoc group of creditors as lenders to Steinhoff, in relation to the restructuring of the group’s capital structure.*
- certain lenders to Turkish Telecom, with respect to the restructuring of the company’s capital structure.*
- an ad hoc group of credit funds in relation to the restructuring of Ocean Rig.*
- an ad hoc group of credit funds on the Chapter 11 restructuring of Vertellus.*
- the senior lenders on the financial restructuring of Ambatovy, Africa’s largest nickel extraction facility.*
- a pan-European steel manufacturer on the restructuring of its debt.*
- an ad hoc group of lenders in relation to the restructuring of Oi Telecom.*
- a Welsh steel manufacturer in relation to the restructuring of its debt.*
- The Hellenic Republic on the 'PSI 2' restructuring of its public debt.*
- KKR Credit in relation to various direct lending investments.*
- the financial advisor to Hellenic Bank in relation to its recapitalisation plan and associated exchange offer.*
- various European corporate clients on their debt financings, including revolving credit facilities, pre-export financing facilities, MTN programmes and ECP issuances.*
- a number of European corporate clients on various consent solicitations.*
- both issuers and underwriters on a number of European high yield bond transactions.*
*Completed prior to joining Ropes & Gray
Credentials
Publications
Awards
Disclaimer
Ropes & Gray International LLP is a limited liability partnership registered in Delaware, United States of America and is a recognised body regulated by the Solicitors Regulation Authority (with registered number 521000).
