Loyens & Loeff Luxembourg advised Galapagos Group in their debt restructuring
Loyens & Loeff Luxembourg acted as Luxembourg counsel in the debt restructuring of the Galapagos Group, the main financing and holding entity of the Kelvion Heat Exchangers and Enexio wet and dry cooling systems business.
The multi-jurisdictional restructuring involved complex negotiations with lender groups and capital market considerations, taking into account that the Notes were listed on the Luxembourg Stock Exchange. It also entailed the cross jurisdictional application of insolvency law and litigation aspects.
Our Luxembourg Restructuring Team, Banking & Finance, Litigation & Risk Management and Tax teams, led by Michael Scott, Anne-Marie Nicolas, Véronique Hoffeld and Peter Moons respectively, combined their expertise in advising the Galapagos Group. Luxembourg Team members contributing to the success of the matter included: Madeleine Marques (Corporate M&A), Patrick Ries and Luc Schons (Litigation & Risk Management), Laetitia Ervÿn, Joanna Kobylarz and Ignacio Jiménez Guardiola (Banking & Finance), Marcel Vrijenhoek and Jacques Reiter (International Tax Services), and Olivier Coulon (Indirect Tax).
About the Galapagos Group:
Galapagos Holding SA was established in 2014 as a vehicle to acquire the heat exchanger business comprising Kelvion, a globally active manufacturer of industrial heat exchangers and Enexio, a global provider of wet and dry cooling systems.
Michael ScottPartner Attorney at law / Solicitor / Avocat à la Cour
Michael Scott, partner, is a member of the Corporate Practice Group in our Luxembourg office. He focuses on private equity transactions, mergers and acquisitions and distressed debt restructurings. He mainly advises US and UK based clients investing through Luxembourg to European or other target jurisdictions.T: +352 466 230 294 M: +352 691 963 026 E: firstname.lastname@example.org
Anne-Marie NicolasPartner Attorney at Law / Avocat à la Cour
Anne-Marie Nicolas, partner, is a member of the Banking & Finance Practice Group in our Luxembourg office. She focuses on secured lending, including acquisition finance and real estate finance, as well as debt restructuring.T: +352 466 230 314 E: email@example.com
Véronique HoffeldManaging Partner Luxembourg Attorney at law / Avocat à la Cour
Véronique Hoffeld, partner, is a member of the Management Committee of Loyens & Loeff Luxembourg and heads the Litigation & Risk Management Practice Group of our Luxembourg office. She focuses on commercial law, litigation, arbitration, real estate and IP lawT: +352 466 230 232 E: firstname.lastname@example.org
Peter MoonsLocal partner Attorney at law / Avocat à la Cour / Tax adviser
Peter Moons, local partner, is a member of the Tax Practice Group in our Luxembourg office. He focuses on cross-border corporate tax advice for multinationals and funds, in particular private equity funds, their initiators and their investors.T: +352 466 230 244 E: email@example.com
Luc SchonsAssociate Attorney at law / Avocat à la Cour
Luc Schons, associate, is a member of the Litigation & Risk Management Practice Group in our Luxembourg office. He focuses on international dispute settlement (litigation and arbitration), international commercial law and real estate law.T: +352 466 230 245 E: firstname.lastname@example.org
Ignacio Jiménez GuardiolaAssociate Attorney at law
Ignacio Jiménez Guardiola, associate, is a member of the Banking & Finance practice group in our Luxembourg office. He focuses on secured lending, including acquisition and real estate finance and in capital markets transactions.T: +352 466 230 615 E: Ignacio.Jimenez.Guardiola@loyensloeff.com