Billy wallson
Senior Partner
Fei Pang
Fei Pang advises a full range of stakeholders on complex, multijurisdictional restructurings, special situations, and financings across the capital structure.
Mr. Pang leverages his keen commercial judgment and extensive experience to represent asset managers, hedge funds, alternative capital providers, financial institutions, private equity sponsors, and corporates on high-stakes transactions that often entail negotiating and managing differing stakeholders’ interests, including:
Investments with multilayered capital structures
Schemes of arrangement and restructuring plans
Security enforcements
UK administrations and Company Voluntary Arrangements (CVAs)
In- and out-of-court proceedings in multiple jurisdictions
He drives process efficiency in every transaction and facilitates relationships across Latham’s multidisciplinary platform — including close collaboration with the Finance, Corporate, Benefits, and Tax Practices — to devise bespoke solutions for the client.
Mr. Pang also guides clients on restructuring matters involving securitization, whether full-business, RMBS, CMBS, or trade receivables, as well as on special situations financing.
He completed a six-month secondment in Alcentra’s special situations practice, where he advised funds on their underlying investments, including on various restructurings.
Mr. Pang is a member of the Turnaround Managers Association.
Prior to joining Latham, Mr. Pang practiced at another international law firm in London.
Mr. Pangs’s representative experience includes advising:
Restructuring
The senior creditors’ committee on the restructuring and recapitalisation of Pronovias, the Spanish wedding and occasion wear business
The ad hoc committee on the c. €570 million recapitalization of Hilding Anders, a leading global bedding and mattress company
The creditors committee on the €865 million first- and second-lien financing arrangements and €620 million recapitalization of Imagina/Mediapro, a Spanish multimedia communications group
New Look, the UK-headquartered national fashion retailer, on its:
Store portfolio’s CVA
c. £1.35 billion debt restructuring in 2019
£600 million debt and equity recapitalization in 2020
Comdata Group, a leading global service provider in customer management, on its comprehensive debt restructuring
The ad hoc committee on the restructuring of Deoleo, a Spanish-headquartered and global olive oil production and distribution business, involving a Spanish homologación process, partial debt-for-equity swap, new rights issue, and complex intra-group reorganization with business and asset hive down
The senior creditors on the c. €450 million debt and equity restructuring of Fraikin Group, a French-headquartered international trucks leasing business*
A senior creditor on the restructuring and chapter 11 of Expro International Group, the UK oil services business*
Special Situations and Financing
Bain Capital Credit on its joint investment with Alsea — the leading operator of quick service restaurants, coffee shops, casual, and family dining establishments in Latin America and Europe — and private equity firm Alia Capital Partners in a 21.1% stake in Food Service Project (Alsea Europe)
A multinational corporate headquartered in Western Europe and its board of directors on its ongoing shareholding, corporate, and financing arrangements, as well as strategic, trading, and reorganization matters
A unitranche lender on the c. €97 million and NOK400 million financing of FSN Capital’s public-to-private acquisition of Saferoad Holding, a Norwegian-based provider of road safety and road infrastructure products and solutions in Europe*
Noteholders’ ad hoc committees on restructuring several residential mortgage-backed securitizations issued under the Eurosail program*
Lenders on restructuring pan-European and North American trade receivables securitization programs*
