Dedicated,

practical support

We are pleased to announce that Michael Thomas has been promoted to Partner at Talbot Hughes McKillop (THM)

on .

Michael’s promotion is a testimony to the significant contribution he has consistently made to his clients and THM. Michael is a senior restructuring professional with experience of advising corporates, investors and creditors in stressed and distressed situations across a number of jurisdictions, including the UK, Austria, Germany, Iceland, Ireland, Norway, Slovakia and the United States.

Talbot Hughes McKillop advises APCOA PARKING
 on its €800m Financial Restructuring

on .

Talbot Hughes McKillop LLP (THM) is pleased to announce the completion of the financial restructuring of APCOA PARKING Holdings GmbH (APCOA / the Group) on 12 December 2014.

APCOA is the leading pan European car park operator. It manages multi-storey car parks and parking spaces as well as mechanised systems across 12 European countries. APCOA is centrally managed from Stuttgart, with 38 subsidiaries.

Matt Hinds to become Managing Partner of THM

on .

We are pleased to announce that Matt Hinds is to succeed Paul Horn as Managing Partner at Talbot Hughes McKillop (THM). Paul Horn, THM Managing Partner since the buy-out of the business in 2008, is handing over to concentrate exclusively on serving clients in the restructuring market. The change of roles becomes effective on 1 November 2014.

Talbot Hughes McKillop advises the Issuers and Borrowers on the £2.2bn Restructuring of the Punch A and Punch B Securitisations

on .

Talbot Hughes McKillop LLP (THM) is pleased to announce the completion of the financial restructuring of Punch Taverns Plc (Punch) on 8 October 2014.

Punch is one of the UK's largest leased pub groups with a portfolio of 3,835 pubs nationwide and also holds a 50% shareholding in Matthew Clark, a leading UK drinks wholesaler and distributor.  Punch is listed on the London Stock Exchange and is financed via two separate securitisation structures (Punch A and Punch B or the Securitisations) with noteholder debt of £1.4bn and £0.8bn respectively.  Punch had been in discussions with its stakeholders to agree a consensual restructuring since late 2012.  In February 2014, Punch announced that it was no longer providing EBITDA support to the Securitisations and that one or both of Punch A or Punch B were therefore likely to breach covenants at the next testing date in April 2014.