Press Release

Kirkland Represents Bayside in Restructuring of Bodybell

Kirkland & Ellis represented Bayside, a credit affiliate of H.I.G. Capital, as the largest lender in the restructuring of the Bodybell group of companies, through a Spanish court process known as a homologación. The homologación was subject to a challenge by a minority dissenting lender and, in conjunction with Spanish counsel, Kirkland successfully defended the challenge in its entirety, allowing the restructuring to be fully implemented. Through the restructuring, Bayside took control of the Bodybell group and reduced its total debt burden from over EUR235 million to approximately EUR50 million. The restructuring closed on October 5, 2016.

The Kirkland team consisted of restructuring partners Kon Asimacopoulos and Mark Knight and associates Lucy Cox and Kai Zeng, corporate partner Carl Bradshaw and associates Giles Clifford and Syed Murshed, tax partner Russell Light and associate Mark Ingram, and debt finance partner Evgeny Zborovsky and associate Richard Harmer.