Page 173 - Restructuring News Today

22 The private equity tussle over a buyout of KPMG’s UK restructuring services division is over, with HIG Capital eme Sorry, you need to subscribe to read this article. If you would like to access this article you must become a Premium Subscriber. Premium subscribers receive complete access to our daily breaking news, premium stories, weekly Fundraising & IR Review, Knowledge Bank and LP profiles - all which are accessible via our mobile platform.

(2) H.I.G. Capital, LLC ("H.I.G."), a leading global alternative investment firm with over €35 billion of equity capital under management, is pleased to announce that one of its affiliates has signed a definitive agreement to acquire KPMGs UK restructuring business, a leading provider of insolvency, financial restructuring and turnaround services in the UK and globally. Terms of the transaction, which is expected to complete in April 2021, were not disclosed. KPMG UK Restructuring is a leadin...

Under the restructuring plan, Khazanah was committed to inject up to RM3.5 billion over the course of the next five years, an essential move to give certainty to creditors so that in turn, they could provide the kind of discounts, haircuts and debt-to-equity convergence that are required to fix the airlines balance sheet. - Bernama File Pic KUALA LUMPUR: Khazanah Nasional Bhd expects the global aviation industry to recover at the earliest, in 2023 or 2024, but believes Malaysia ...

FILE PHOTO: Norwegian Air Sweden Boeing 737-800 plane SE-RRJ taxies to take-off in Riga International Airport in Riga, Latvia January 17, 2020. REUTERS/Ints Kalnins/File Photo

This is the second wave of layoffs at the company, which spent Sh664 million to let go of 110 employees in 2018.

| 02 March 2021 Aiming to shore up its finances as it restructures, app-based TV video delivery solutions provider MobiTV and its subsidiaries have voluntarily filed for fiscal relief under chapter 11 of the Bankruptcy Code in the US Bankruptcy Court for the District of Delaware. After it said was a thorough process of evaluating all strategic alternatives, MobiTV’s board of directors unanimously decided that pursuing a restructuring through a formal chapter 11 process was a nece...

Norwegian Air booked an impairment charge of 12.8 billion crowns ($1.5 billion) in the fourth quarter as it cancelled a major Airbus order and plans to shrink its current fleet to avoid bankruptcy.

Malaysia Airlines scheme sanctioned by the English Court 25 February 2021 On 22 February 2021, the English Court sanctioned a scheme of arrangement under Part 26 of the Companies Act proposed by MAB Leasing Limited (MABL). MABL is part of Malaysia Aviation Group Berhad which operates Malaysias national flag carrier. The scheme will restructure 52 English law governed operating leases, representing over half the airlines fleet. It offers the lessors a menu of options including (i) a revision of ...

Punch Newspapers Sections Peter Dada, Akure THE President of African Development Bank, Dr. Dr Akinwumi Adesina, has thrown his weight behind the call for the restructuring of the country, saying restructuring should not be driven by “political expediency but by economic and financial viability.” Akinwumi, who spoke as the guest lecturer in Akure at the second term inauguration lecture in preparation of the next tenure of the Ondo State Governor, Rotimi Akeredolu, said, “Economic and fina...

Nippon Steel's plan to suspend blast furnace operations at its Ibaraki Prefecture plant, near Tokyo, is the latest example of the group's efforts to deal with overcapacity in Japan. With an earlier decision