Elaine Nolan

Recent engagements include advising:

• Outdoor and Cycle Concepts, the UK business of AS Adventure Group and portfolio retail company of PAI Partners, in relation to its Company Voluntary Arrangement. The UK business is one of the leading multi-brand retailers of outdoor clothing and equipment in Europe, comprising Cotswold Outdoor, Cycle Surgery, Runners Need and Snow & Rock.

• Paperchase, one of the UK’s leading card and stationery retailers, in relation to its Company Voluntary Arrangement and its wider financial restructuring.

• Homebase, one of the UK’s leading home improvement and garden retailers, in relation to its Company Voluntary Arrangement.

• A significant bondholder group of retailer House of Fraser, in relation to its Company Voluntary Arrangements.

• Moorfields Advisory, as administrators of Toys ‘R’ Us.

• Prezzo, an Italian restaurant chain, in relation to its Company Voluntary Arrangement.

• Toys ‘R’ Us, in relation to its Company Voluntary Arrangement and all aspects of its restructuring.

• Davidson Kempner Partners in relation to certain confidential matters.

• Agrokor, a leading Croatian food, manufacturing distribution and retail business in relation to its financial restructuring.

• BCBG Max Azria, a global apparel retailer and manufacturer, in relation to its French proceedings. In 2018, the Turnaround Management Association recognized the successful restructuring of BCBG Max Azria Group, LLC with its “Large Company Turnaround of the Year Award.”

• The Colson Group, a Sentinel Capital Partners portfolio, on the acquisition of assets from its UK business, in administration.

• Civil Aviation Authority in relation to the Monarch Airlines Group.

• Deloitte LLP, as administrators of certain entities in the Harkand Group.

• The Harkand Group, an Oaktree Capital subsea global services group to the oil and gas industry, in all aspects of its financial and operational restructuring.

• Civil Aviation Authority in relation to the Virgin Atlantic Group and its securitisation of take-off and landing slots at Heathrow Airport.

• The Tragus Group in relation to its financial and operational restructuring, including its Company Voluntary Arrangements relating to Café Rouge Restaurants and Bella Italia Restaurants.

• TPG as lender/investor of LA Fitness, including advice in relation to the LA Fitness Company Voluntary Arrangements.

• Nordea Bank as lender to the Royal Imtech Group.

• PWC, as prospective and appointed administrators in relation to the pre-pack administration of the ATU Group.

• Tele Columbus, a leading German cable network operator, in relation to its financial restructuring and Schemes of Arrangement.

• Monier Group, a leading international manufacturer and supplier of building materials, in relation to its Schemes of Arrangement across six jurisdictions in Europe.

• Sun Capital Partners on the purchase of assets from bed retailer Dreams, via a pre-pack administration.

• Wilmington Trust in its capacity as Agent as part of the Estro Group’s financial restructuring.

• European Directories in relation to its subsequent c.800 million Euros financial restructuring resulting in majority control by Triton Partners.

• Fitness First, the world’s largest health club and gym operator, on its c. £600 million financial and operational restructuring including a Company Voluntary Arrangement and Scheme of Arrangement.

• Certain Bondholders of the Petroplus Group in relation to the Group’s USD 1.75 billion senior and convertible bonds and local insolvency filings across Europe.

• Sankaty Advisors LLC, on the purchase of a portfolio of 26 loans from the Lloyds banking group with outstanding value of more than £500 million.

• Civil Aviation Authority in relation to the Thomas Cook Group.

• Regency Entertainment Leisure & Tourism S.A, a Greek casino business, in relation to its c. 600 million Euros consensual financial restructuring with its senior and mezzanine lenders and sponsor, BC partners.

• European Directories, a Netherlands-based local search and lead generation company, in relation to all aspects of its 2.1 billion Euros financial restructuring across eight jurisdictions in Europe.

• A number of investors and counterparties in relation to the Lehman Brothers bankruptcy, including advice in relation to unsettled trades and the recovery of custody assets.

• Oaktree Capital as a principal investor/first lien lender party of the Almatis Group.

• Sun European Partners on the restructuring of its European portfolio business in the retail sector.

• Leading investment banks, hedge funds and private equity houses in relation to their diligence and review of European investment opportunities in par, stressed and distressed transactions.

Weil Gotshal & Manges, London, UK
Associate, 2004–2008
Trainee Solicitor, 2002–2004