Bhaveen Parekh
Biography
Bhaveen Parekh is Counsel in the Restructuring Practice Group at Haynes Boone’s London office. Bhav advises creditors and debtors on domestic and cross-border restructurings, special situations, and finance transactions across the capital structure. He represents sponsors, credit funds, bondholder and lender groups, trustees and agents, and corporate borrowers facing liquidity constraints, covenant pressure, and approaching debt maturities.
His practice includes complex multi-stakeholder debt and equity restructurings, schemes of arrangement and company voluntary arrangements, rescue financings, amend and extend transactions, pre-pack administration sales, distressed mergers and acquisitions, and loan portfolio sales. Bhav also coordinates parallel corporate and finance workstreams in time sensitive, distressed situations.
Bhav’s sector experience includes retail and consumer products, industrials and manufacturing, transportation and logistics, infrastructure, telecommunications, real estate, and financial services.
-
- Acted for the senior secured bondholder committee of a UK fashion retailer on the restructuring of its c. £1.35 billion debt and equity capital structure, and subsequently for the company on its CVA and £600 million debt and equity recapitalization, through which the bondholders acquired the business.
- Acted for a European child safety products manufacturer on its c. US$380 million debt and equity restructuring.
- Acted for the creditor committee on the amendment and extension of the c. US$2 billion debt facilities of a global supplier to the printing and packaging sectors, implemented via a scheme of arrangement.
- Acted for the creditor committee on the €160 million rescue financing and subsequent c. €1 billion debt and equity restructuring of a Spanish passenger and freight ferry business.
- Acted for the senior creditor committee on the c. £620 million debt and equity restructuring of a UK-headquartered international manufacturer of high-precision alloy components.
- Acted for the ad hoc creditor committee on the c. €450 million debt and equity restructuring of a French-headquartered truck leasing business, and subsequently assisted the group and its shareholders on its post-restructuring merger with a vehicle rental business.
- Acted for a financial institution, and subsequently the administrators, on the pre-pack sale of a waste processing business, including new facility and security documentation and the later sale of the bank’s debt to an industry buyer.
- Acted for a bondholder in the restructuring of a Brazilian telecommunications group.
- Acted for a global private equity sponsor on the public-to-private acquisition, and subsequent corporate reorganizations and mergers, of a Nordic and European road equipment and infrastructure business.
- Advised a credit fund on the cross-border sale of an Italian credit manager for US$1.35 billion and the sale of a group holding a UK car park portfolio for in excess of £300 million.
Some of these representations were handled by Bhav prior to joining Haynes Boone.
-
Education
- LPC, University of Law, 2012
- LL.B., University of Manchester, 2011
Admissions
- England and Wales
-
What types of restructuring matters do you handle?
I advise creditors and debtors on domestic and cross-border restructurings, special situations, and finance transactions across the capital structure. My work includes multi-stakeholder debt and equity restructurings, schemes of arrangement and CVAs, rescue financings, amend and extend transactions, pre-pack administration sales, and distressed mergers and acquisitions.
Who do you represent in restructuring and special situations matters?
I represent sponsors, credit funds, bondholder and lender groups, trustees and agents, and corporate borrowers. I advise these clients when they are addressing liquidity constraints, covenant pressure, and approaching debt maturities.
How do you support matters with overlapping corporate and finance issues?
I coordinate parallel corporate and finance workstreams in time-sensitive distressed situations. This allows the connected elements of a restructuring or special situation to be addressed together.
Do you advise on cross-border restructurings?
Yes. From Haynes Boone’s London office, I advise creditors and debtors on both domestic and cross-border restructurings, special situations, and related finance transactions.
Which industries does your restructuring practice cover?
My sector experience includes retail and consumer products, industrials and manufacturing, transportation and logistics, infrastructure, telecommunications, real estate, and financial services.