AlexandraLofthouse (Alex)

Associate

London + 44.20.7039.5840

Alex Lofthouse's practice encompasses all aspects of financial and corporate restructuring, formal insolvency proceedings, and debt refinancing. She has particular experience in the real estate and retail sectors. Alex regularly advises on distressed business and asset sales, solvent and distressed corporate acquisitions, and non-performing loan portfolio sales (NPLs). She acts for a diverse mix of clients, including investment and retail banks, funds, boards of directors, sponsors, and insolvency officeholders. Her work is both contentious and noncontentious and spans U.K. and cross-border matters.

Alex's recent experience includes acting for the insolvency officeholders of U.K. high street retailer BHS (one of the highest profile retail insolvencies of recent years with outstanding debt of more than £1bn), on the wind-down of the business and investigations into the company's affairs. She also advised the board of Byron Hamburgers Limited on its company voluntary arrangement (CVA) and the board of directors of American Apparel UK and their subsequently appointed Administrators on its trading administration and subsequent liquidation. Alex acted for National Car Parks Limited and its sponsor, Macquarie European Infrastructure Fund, in connection with its loan refinancing and subsequent sale. She also recently advised global environmental company, Veolia, following the collapse of the Harkand oil and gas shipping group.

In addition, Alex has benefited from secondments to the European special situations group at Goldman Sachs and, prior to joining Jones Day, to the restructuring team at The Royal Bank of Scotland plc.

Experience

  • Restructuring of significant UK energy supplier and distributorJones Day advised a large integrated energy and commodities company in connection with the complex equity and debt restructuring of a significant UK energy supplier and distributor.
  • Clintons greeting cards retailer sold out of administration to Esquire Retail LimitedJones Day advised AG Retail Cards Limited t/a Clintons (the "Company") in its exploration of sale options to secure the future of the business and in its discussions with stakeholders with a view to entering into a Company Voluntary Arrangement.
  • BHS insolvency officeholders seek advice relating to investigations arising from company's collapseJones Day is acting for Geoff Rowley and Tony Wright as the insolvency officeholders of UK high street retailer, British Homes Stores ("BHS"), on investigations into the causes of the company's collapse and pursuing avenues of recovery for creditors.
  • Group of nursing and residential care homes completes corporate and debt restructuringJones Day advised a group of UK nursing and residential care homes (the "Group") in relation to a corporate and debt restructuring of the Group and the sale of its operating companies and care homes.
  • Joint administrators negotiate successful rescueJones Day advised Geoffrey Rowley and Jason Baker of FRP Advisory LLP as joint administrators of the Glint Pay group, an FCA-regulated e-money and gold-trading business.
  • 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.
  • Directors of former high street retailer settle with company's administrators and advisersJones Day successfully negotiated the settlement of a dispute between the directors of a former high street retailer, its administrators, and former advisers.
  • City Financial enters administrationJones Day successfully advised the board of City Financial Investment Company Limited (the "Company") on the Company's entry into administration.
  • 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 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.
  • 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.
  • 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.
  • OSX Leasing Trustee successfully exports oil and gas vessel from Brazilian watersJones Day is advising the Dutch Trustee in bankruptcy in connection with the oil and gas vessel OSX1, part of the OSX/OGX group, which is subject to bankruptcy protection proceedings in Brazil (and is reported to be its largest ever bankruptcy filing).
  • Whitgift Centre Croydon sold to Westfield/Hammerson joint ventureJones Day advised FTI Consulting LLP on their appointment as receivers over the Whitgift Centre in Croydon and on its subsequent sale to a Westfield/Hammerson joint venture for an undisclosed sum.
  • Liquidators seek advice in relation to dissolution of BVI limited partnershipJones Day is acting as lead advisers to Kenneth Krys and John Greenwood of KRyS Global in their capacity as joint dissolution trustees of Value Discovery Partners L.P. ("VDP"), a very substantial private equity fund.
  • Wells Fargo provides financing to UK residential development lenderJones Day advised Wells Fargo Bank, National Association in connection with a £80 million (US$100 million) loan-on-loan financing secured against a portfolio of performing residential loans originated by a UK residential development lender.
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