You are here:
14 December 2018 / deal

Loyens & Loeff Luxembourg acted as local legal counsel in the debt restructuring of the Famar Group

We assisted with the corporate legal implementation advice, the solvency advice during the conciliation and mediation process, the tax structuring aspects of the debt restructuring and the finance related advice for the new money injection and related security package.

Adoption of the EU package on medical devices: innovation and safety first!

Loyens & Loeff Luxembourg acted as local legal counsel in the debt restructuring of the Famar Group, one of Europe’s leading service providers to the pharmaceutical industry. We assisted with the corporate legal implementation advice, the solvency advice during the conciliation and mediation process, the tax structuring aspects of the debt restructuring and the finance related advice for the new money injection and related security package.

The transaction involved a complicated restructuring of existing debt and a lender led acquisition of the group with a new money injection. It was complex due to the large number of lenders and the different lender groups with varying interests, rankings and creditor rights. The Famar Group operates in a number of jurisdictions, such as Luxembourg, France, Spain, Italy and Greece, all of which required attention in the restructuring process.

Pillarstone was the new money provider with other interested lenders being the largest four Greek banks and other lenders, such as Bain Capital and GSO. The Famar group employs approximately 3,000 persons in its different operating jurisdictions.

Our Corporate, Banking & Finance and Tax teams, led by Michael Scott, Anne-Marie Nicolas and Peter Moons, combined their expertise in advising the Famar Group on this restructuring.



itr-2022

Top rankings for Loyens & Loeff in the ITR 2022

Loyens & Loeff is ranked again in Top Tier categories in the World Tax and World Transfer Pricing guides in Belgium, Luxembourg and The Netherlands. read more
EU Court of Justice orders another judicial State aid review of Belgian Excess Profit Rulings

EU Court of Justice orders another judicial State aid review of Belgian Excess Profit Rulings

On 16 September 2021, the Court of Justice of the European Union issued its judgement on whether the Belgian excess profit rulings could qualify as State aid... read more
Tonies Toys - Boxine Deal

Loyens & Loeff advises Boxine on business combination

Maker of kid’s cloud-powered audio entertainment system Tonies goes public through SPAC transaction with legal support from our experts in Luxembourg. read more