Gibson Dunn Advised Ad Hoc Group of Creditors in Netceed Restructuring

Gibson Dunn Advised Ad Hoc Group of Creditors in Netceed Restructuring

Gibson Dunn advised a consortium of investors, including Pemberton, Blue Owl, and Hayfin, on the restructuring of Netceed, a leading global provider of network infrastructure for telecommunications and data centers. Netceed’s recapitalization was announced this week and received unanimous approval from creditors.

The transaction reduces the group’s debt level and appoints a new team to lead Netceed.

As counsel to the creditor group (advised on U.S., English, French, and European law), Gibson Dunn participated in the negotiation of the restructuring agreement with the company. The transaction is one of the largest leveraged debt-financed restructurings in the European telecom equipment sector.

The Gibson Dunn team was led by the two Global Chairs of the firm’s Business Restructuring and Reorganization Practice Group, Jean-Pierre Farges (Partner, Paris) and Scott Greenberg (Partner, New York), and included Charles Peugnet (Partner, Paris), Benoit Fleury (Partner, Paris), Stephen Silverman (Partner, New York), Frederick Lee (Partner, Dallas), Christopher Howard (Partner, London), Matthew Squire (Partner, London), Amanda Bevan-de Bernède (Partner, Paris) and Jérôme Delaurière (Partner, Paris), as well as of `Alex Plaia (Of Counsel, New York) and David Hania (Associate Attorney, Paris) and Hui Yinn Lim (Associate Attorney, London) on restructuring; of Ryan D. Searfoorce (Of Counsel, Houston) and Julia Sweitzer (Associate Attorney, New York), Iris Hill Crabtree (Associate Attorney, Houston), Hanh Pham (Associate Attorney, Paris) and Emma Vernhes (Associate Attorney, Paris) on financing; Romane Budillon (Associate Attorney, Paris) on corporate matters; and Antoine Bécot (Associate Attorney, Paris) on tax aspects.

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