Loyens & Loeff team successfully advised the Pierre & Vacances group in its restructuring
On 24 June 2021, the restructuring of the Pierre & Vacances group was completed. Pierre & Vacances is a well-known listed French tourism services provider, with holiday parks in (among others) Belgium, the Netherlands and Germany known as ‘Center Parcs’. The restructuring has led to a new credit facility of a maximum amount of €300 million enabling the Pierre & Vacances group to meet its short-term and medium-term cash-flow needs.
This restructuring is a good example in which Loyens & Loeff provided an integrated approach and leveraging our involvement in large and complex cross border restructurings. Together with lead counsel DePardieu Brocas Maffei, Loyens & Loeff acted as Dutch, Belgian and Swiss counsel to the Pierre & Vacances group. Over the last months, we advised on several Dutch, Belgian and Swiss law matters in its complex debt restructuring. In advising the Pierre & Vacances group, we added value by our integrated and pragmatic approach, putting together a team of restructuring, finance, real estate, tax and employment experts.
The Loyens & Loeff team was led by restructuring partner Vincent Vroom, supported by Kim de Bruijn and Rosalie Tielens. The Dutch team further consisted of tax partner Harmen Zeven supported by Bamdad Ferdowsi, Ingrid Hijdra and Yannick Govaert, banking & finance partner Kim Koops with Jenna Athaulla, Alena Krizova and Maxim Oostrom, real estate partner Pauline Leegwater with Marloes Voorrips and Bob Hosselet, corporate / notarial partner Hendrik Portengen with Amber Groenendijk and Paulien van der Does Vos, and Youssef el Harchaoui advising on employment law aspects. The Belgian team was headed by banking & finance partner Vanessa Marquette with Lien Bellinck, Eugénie Mennig, Arne Weemaes, Jens De Winne and Mathias Hendrickx. From our Swiss office the team was led by banking & finance partner Judith Raijmakers who was supported by Stéphanie Hagmann, Nathalie Vainio and David Rohner.
Vincent VroomPartner Attorney at law
Vincent Vroom, attorney at law, is chairman of the Litigation & Risk Management Group. He specialises in restructuring and insolvency matters. He handles a range of issues in restructuring cases whether they arise within the courtroom or outside.T: +31 20 578 59 84 M: +31 6 51 26 63 19 E: [email protected]
Pauline LeegwaterPartner Attorney at law
Pauline Leegwater, attorney at law and partner, is a member of our Real Estate practice group and part of our dedicated Real Estate sector team. She specializes in real estate transactions and asset management, with a strong focus on the private equity sector.T: +31 20 578 59 73 M: +31 652 59 98 44 E: [email protected]
Vanessa MarquettePartner Attorney at Law
Vanessa Marquette, attorney at law, is a partner in the Banking and Finance Practice Group of our Brussels office and a member of the firmwide Restructuring & Insolvency team. She is recognized for her expertise in Banking and Finance with a focus on international finance law, regulated financial services, sustainable finance and banking litigation.T: +32 2 773 23 25 E: [email protected]