Philip F.de Vries

Associate

(T) 44.20.7039.5239

Philip de Vries focuses his practice on corporate restructuring and reorganization. He acts for a broad range of clients, including creditors, debtors, office holders, and company directors.

Philip's experience includes advising on out-of-court restructurings and refinancings, the validity and enforcement of security, and formal insolvency procedures. He has previously worked on restructuring matters covering a wide range of sectors, including retail, casual dining, real estate, and shipping.

Philip's recent experience includes advising the board of Byron Hamburgers Limited on the approval by its creditors of a company voluntary arrangement (CVA). He also acted for Macquarie European Infrastructure Fund in relation to a debt refinancing of the Condor Ferries Group and a debt refinancing and subsequent sale of National Car Parks Limited. In addition, Philip has advised Veolia, a global environmental company, in connection with its restructuring of the debt and equity of a dive support vessel following the collapse of the Harkand oil and gas shipping group.

Experience

  • Landlords compromised by various retailer company voluntary arrangementsJones Day advised several landlords on the intended operation and effect of multiple company voluntary arrangements ("CVA") launched by various high street retailers, including the Arcadia Group, Debenhams, House of Fraser, Homebase, Mothercare and Carpetright.
  • Byron Hamburgers enters into company voluntary arrangementJones Day advised the casual dining chain, Byron Hamburgers Limited, on the approval by its creditors of a company voluntary arrangement within the context of a wider financial and operational restructuring of the company.
  • Macquarie European Infrastructure Fund II and Condor Ferries Group complete debt refinancingJones Day represented Macquarie European Infrastructure Fund II (MEIF II) and the Condor Ferries Group, an operator of passenger and freight ferry services, in connection with the refinancing of Condor's senior facilities.
  • Macquarie European Infrastructure Fund II sells National Car Parks Limited to consortium of Park24 Co., Ltd. and Development Bank of Japan Inc.Jones Day advised Macquarie European Infrastructure Fund II LP in the sale of 100 percent of its interest in National Car Parks Limited to a consortium of Park24 Co., Ltd. and Development Bank of Japan Inc.
  • Infrastructure fund seeks advice on internal investigation relating to portfolio companyJones Day advised a substantial infrastructure fund on an internal investigation relating to a portfolio company.
  • Fern Trading restructures debt and equity of Rangeford HoldingsJones Day advised Fern Trading Limited, a member of the Octopus Investments group, in connection with the restructuring of the equity in and approximately £80 million of debt advanced to Rangeford Holdings Limited, a developer and manager of retirement villages and communities within the United Kingdom.
  • Macquarie European Infrastructure Fund II and National Car Parks complete debt refinancingJones Day advised Macquarie European Infrastructure Fund II (MEIF II) and the National Car Parks group (NCP), the UK's largest provider of car parking facilities, in connection with the refinancing of NCP's senior facilities.
  • American Apparel UK subsidiaries enter administrationJones Day is advising the joint administrators of the retail and wholesale clothing distributor American Apparel (UK) Limited and American Apparel (Carnaby) Limited in respect of the entities' entry into administration and subsequent ongoing trading of the business.
  • Veolia restructures debt and equity of dive support vessel "Swordfish" following collapse of shipping group, HarkandJones Day is advising the global environmental company, Veolia Environnement SA, following the collapse of the oil and gas shipping group, Harkand, arising from the continuing depression in global oil prices.
  • Aurelius Group acquires The Hospital GroupJones Day represented the The Aurelius Group, a Frankfurt-based private equity firm, in connection with its acquisition of The Hospital Group, a provider of surgical and non-surgical cosmetic procedures based in Birmingham, UK.
  • Rotadyne sells assets in administration saleJones Day advised Christopher Farrington and Matthew Cowlishaw of Deloitte LLP in their capacity as joint administrators of the printing roller manufacturer, Rotadyne (UK) Limited, the UK subsidiary of Rotation Dynamics Corporation.
  • Riverside acquires Guestline LimitedJones Day represented The Riverside Company in connection with its acquisition of Guestline Limited, a leading provider of mission critical software for the hospitality sector.
  • Lone Star acquires majority stake in ShearingsJones Day advised the Lone Star group in relation to the successful acquisition from existing management of the majority shareholding in the Shearings group, one of the largest package holiday and coach tour operators in the UK and owner and operator of over 50 hotels.
  • Large automotive interior components supplier obtains $300 million and €175 million senior secured global revolving credit facilitiesJones Day represented a large automotive interior components supplier in connection with the negotiation and documentation of $300 million and €175 million (US$196.7 million) senior secured global revolving credit facilities with a syndicate of banks led by CF Lending, LLC as administrative agent and GE Capital Markets, Inc. as lead arranger.
  • Hansteen Holdings obtains £65 million revolving credit facilityJones Day advised Hansteen Holdings PLC in connection with a £65 million (US$100.7 million) revolving credit facility provided by The Royal Bank of Scotland plc acting as agent for National Westminster Bank Plc.
  • Alcentra provides unitranche financing to leading compliance and business support services providerJones Day represented Alcentra Limited in an unitranche financing provided in connection with the refinancing of a leading compliance and business support services provider.
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