Dedicated,

practical support

Matt Hinds to become Managing Partner of THM

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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

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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.

Talbot Hughes McKillop advises Endeka Ceramics on its €273m financial restructuring

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Talbot Hughes McKillop LLP (THM) is pleased to announce the completion of the financial restructuring of Endeka Ceramics Holding 1 SLU (Endeka / the Group) on 8 September 2014.

Endeka is a global supplier of raw materials and intermediate products to the ceramics and related industries.  Through its Zircosil® brand, Endeka is the world's largest miller of zircon sand and a leading supplier of glazes, colours and digital inks to the ceramics industry.  Headquartered in Valencia, Endeka has a global production footprint and customer base.

We are pleased to announce that Andrea Trozzi has been promoted to Partner at Talbot Hughes McKillop

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Andrea’s promotion is testimony to the significant contribution he has made to his clients and THM since he brought his capital markets expertise to our firm.

Andrea joined Talbot Hughes McKillop in 2009 and has nine years experience working as an adviser and also on the buy side on restructuring and debt financing transactions. Prior to joining Talbot Hughes McKillop, Andrea worked at Lehman Brothers in the Debt Capital Markets division and at Goldman Sachs in the European Special Situations Group.