Latham & Watkins Advises Senior Creditor Committee on Recapitalisation of Curaeos

Latham & Watkins has advised a committee of senior lenders comprising of the largest credit institutions on the financial restructuring of Curaeos, a network of dental clinics and labs in continental Europe.

This included an exchange of c. €345m of existing first lien debt for new first lien and second lien facilities and equity warrants. The transaction also included a new money injection to fund implementation of the group’s business plan.

A coordinated Latham team across practices and jurisdictions advised on the transaction, including the UK, Italy, and Germany. The team was led by London restructuring & special situations partner Yen Sum, counsel David Wallace, and associate Tristram Gargent. London partner Martin Saywell and associate Terry Charalambous led on corporate matters. Banking matters were led by London partner Ross Pooley, with associates Luke Lado and Vincent Chan.