Our team advised on the restructuring of the Schur Flexibles Group through the use of Luxembourg entities. 

The restructuring of the Group followed a binding lock-up agreement among certain members of the Group and certain of its creditors and implemented by means of a debt-for-equity swap and the issuance of take-back debt on a secured basis, along with notes by the Group with the aim to deleverage and strengthen the group balance sheet.

Schur Flexibles Group is a leading European manufacturer and supplier of flexible packaging solutions for the food, aroma protection, hygiene, and pharmaceutical industries, with operations in, Germany, Austria, Italy, Greece, France, Ireland, the United Kingdom, and Slovakia, among others.