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.