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Talbot Hughes McKillop advises property group Real Estate Opportunities plc on its successful £1 billion financial restructuring

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Talbot Hughes McKillop (THM) is pleased to announce that Real Estate Opportunities plc (REO, together with its subsidiaries the Group) has successfully completed its financial restructuring. This follows meetings of Ordinary Shareholders, the holders of its 7.5% Convertible Unsecured Loan Stock (CULS) and Zero Dividend Preference Shares (ZDPS) held on 5 May 2011 approved the restructuring. A THM team led by Julian Gething has been working with REO in Ireland and the UK since April 2010.

REO is a listed property company which owns a significant portfolio of properties in Ireland and the UK. The Group’s investment and development portfolio includes land, properties and developments in all of the major sectors of the property market.

Talbot Hughes McKillop advises the Icelandic company Exista ehf on its successful €2.0bn restructuring

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Talbot Hughes McKillop (THM) is pleased to announce that a restructuring proposal by Exista ehf (Exista) was approved by the Icelandic courts on 10 October 2010. Matt Hinds and Paul Horn were appointed joint CROs in September 2009 and THM has had a full time team in Iceland for the duration of the restructuring process. This marks THM’s fourth significant transaction in Iceland.

Exista owns some of Iceland’s most important businesses including Lysing, Skipti and VIS and a significant minority interest in Bakkavör. Prior to the Icelandic banking crisis in October 2008, Exista owned approximately 25% of Kaupthing and other financial services assets. The financial crisis in Iceland and, in particular, the failure of Kaupthing led Exista to need to restructure its obligations.

Talbot Hughes McKillop advises Straumur-Burdaras Investment Bank hf. on its successful €1.8bn restructuring

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Talbot Hughes McKillop (THM) is pleased to announce that a restructuring proposal by Straumur Burdaras Investment Bank hf. (Straumur) was confirmed by the Icelandic courts, following the approval by 99.6% of unsecured creditors on 13 July 2010. A THM team led by Dean Merritt and Paul Horn has been working with Straumur on its financial restructuring since April 2009.

Straumur is an investment bank headquartered in Iceland, which operates in Reykjavik, London and Copenhagen.

Talbot Hughes McKillop advises the Four Seasons Health Care Group on its £1.7bn financial restructuring

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Talbot Hughes McKillop (THM) is pleased to announce the successful completion of the £1.7bn consensual financial restructuring of the Four Seasons Health Care Group (the Group, Four Seasons). A THM team led by Murdoch McKillop and Julian Gething has been working with the Group, its stakeholders and other advisers since July 2008. This transaction is the largest restructuring to be completed in the UK in 2009.

Four Seasons is one of the leading independent health care providers in the UK and owns and operates care homes, nursing homes and other specialist units (under the Huntercombe brand), which together employ over 21,000 people.

We are pleased to announce that Anthony Place has been promoted to Partner at Talbot Hughes McKillop

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Anthony has 14 years experience working with stressed and distressed companies primarily in Europe and Asia. Prior to joining Talbot Hughes McKillop, he worked in the corporate restructuring practices of Arthur Andersen and Ernst & Young. Anthony also spent a year on secondment in the acquisition finance department of a major European bank, during which time he was a member of several steering committees on high profile restructurings.