Matthew is a partner in the business restructuring group of Ropes & Gray’s London office. 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

  • Advised 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
  • Advised an ad hoc group of creditors to Logan, a Chinese real estate developer
  • Advised the shareholder to a global healthcare business in relation to its restructuring
  • Advised the lender to a distressed Indian chemicals business in relation to its investments 
  • Advised a stakeholder in BritishVolt, the British automotive battery manufacturer
  • Advising an ad hoc group of noteholders of Quotient Limited in relation to its Chapter 11 proceedings
  • Advising a lender to a German manufacturing business in relation to a liability management exercise
  • Advising Vewd Software in connection with its Chapter 11 proceedings  
  • Advised 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
  • Represented 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. In 2023, The M&A Advisor recognized the successful restructuring of Output Services Group as “Information Technology Deal of the Year” as part of its 17th Annual Turnaround Awards.
  • Advised a group of bondholders to Garrett Motion, a leading auto technology company, on its restructuring in Chapter 11
  • Acting for a global asset manager in relation to its refinancing of a leading European media business
  • Acting for a leading European telecoms business in relation to certain bond issuances
  • Acting for a leading private equity business in relation to a distressed M&A transaction in the telecommunications sector
  • Advised Lebara, a European telecom business, on the refinancing of the group’s capital structure 
  • Acting for Bain Capital Credit in connection with a US$275 million holdco financing and related investment to support Mohegan Gaming & Entertainment’s US$1.55 billion Phase 1 development of the INSPIRE Entertainment Resort in South Korea
  • Acting for Triton in relation to the €28.7 million refinancing of Cata Electrodomesticos
  • Advising a stakeholder in the Amigo scheme of arrangement

Representative matters prior to joining Ropes & Gray include advising:

  • 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

Areas of Practice