Eastnine Studios Limited
Acting for Kroll as administrators in selling an iOS smartphone and Apple watch digital training application and all related object and source code to Pure Gym in August 2021.
Bardsley Horticulture Limited
Acting for the boards of the Bardsley Group as part of the solvent reorganisation and sale of shares to Camellia Plc in Summer 2021.
Acting for Interpath as administrators appointed over the English companies in the T0day Group in selling various intellectual property assets in relation to the group’s retail strategy business via a pre-pack sale to Ocado Group Plc in March 2022.
Circle Birmingham Hospital
Acting for Medical Properties Trust in respect of the insolvency of the principal contractor, Simons Construction Limited, and arranging for the completion of the hospital development by the in-coming developer Imtech.
Acting for a bidder of a distressed shopping centre loan portfolio, with a total debt of over £400 million, secured against 15 shopping centres, by providing diligence on the loan and security documentation (and co-ordinating foreign counsel advice with respect to the same), helping to prepare the bid and considering and amending the form of purchase documentation.
Acting for the board of a rapid delivery service application prior to the sale of the company to a trade buyer.
Acting for the mezzanine lender in an enforcement of its share and receivables security in order to take control of a hotel asset, where the combined secured debt value is was over £100 million.
Arena Television Limited
Leading a cross border team, working with our New York partners, to recover aviation assets in the administration in the largest ever UK asset based lending fraud (which is believed to be in the region of £280 million).
Acting for an award winning electronics platform which has raised over $400 million of funding throughout the company’s research period. Our role involved providing on-going trading advice and support during the repeated fundraising rounds.
Acting for a mezzanine lender by providing advice on the terms and effect of a proposed Company Voluntary Arrangement of a hospitality business with over 800 outlets worldwide.
Acting for a US private equity client by providing in-depth crisis management advice following the discovery of a fraud committed by a director, which involved implementing urgent remedial measures including the appointment of a Chief Restructuring Officer, the investigation of the fraud and restoring the stability of the business.
Acting for Interpath as administrators in selling the business and assets of a private healthcare provider via a pre-pack to trade buyer in April 2022.
Acting for an investor in a group which holds stakes in tech start-ups.
Subject to conditions including a challenge-fee CVA, advising LionRock Capital on the proposed acquisition of a majority stake in Clarks, a UK-based, international shoe manufacturer and retailer including a £100 million investment in the business.
Acting for Partners Group as purchaser of 94 French-brasserie-style restaurants through a pre-packaged administration led by FTI.
Acting for Insulet Corporation, a large U.S. listed client, in relation to the successful purchase of intellectual property assets from English administrators.
BMI Healthcare Portfolio
Acting for Medical Properties Trust in relation to the £1.5 billion acquisition of 30 private hospitals in the largest UK real estate transaction of 2019. The portfolio’s financing had been arranged prior to the 2008 financial crisis and required a significant pre-acquisition debt restructuring.
Cambridge Broadband Networks Limited
Acting for CBNL and its administrators, BDO, in relation to advice to a global leader in millimetre wave fixed wireless access and backhaul solutions with operations in Nigeria, Kenya and South Africa.
Advice to a client in relation to the potential acquisition of a portfolio of non-performing loans with a book value of €700 million.
Abbey Retail Park, Belfast
Acting for Slate Asset Management in relation to its acquisition of the Abbey Retail Park in February 2020.
Advice to this 2,000 employee group of infrastructure, engineering, and construction companies, and PwC as its administrator, in respect of ongoing trading advice and strategies for preserving the businesses.
LifeStyle Care Group*
Acting for Deloitte as administrator in respect of the successful turnaround of a portfolio of 22 care homes with 1,600 beds and debt of over £150 million.
Working with FTI in respect of advice to an upstream oil and gas group with 16 companies in nine jurisdictions and significant liabilities, including negotiations with bondholders.
Acting for the administrators in respect of the successful restructuring of a £350 million portfolio of 21 hotels.
Acting for PwC as administrator of a 19 company real estate investment portfolio and subsequent £100 million disposal.
Advice to PwC as the administrator of this prominent cement business and the pre-pack sale to Lafarge Tarmac.
Acting for the administrators of a power generator manufacturer in respect of a pre-pack sale to JCB.
Acting for the secured creditors in respect of an £85 million settlement involving seven loans to 20+ counterparties, including a debt for equity swap.
In conjunction with FTI, acting for the Climate Energy Group in relation to advice following the withdrawal of government subsidies in respect of solar panel installation.
Emprise Group PLC*
Acting for the secured creditor in relation to a solvent restructuring of a significant contract cleaning business, including a debt for equity swap.
Advising a shipping group and its administrators with $350 million of debt secured against five vessels, including an in-court COMI administration application and pre-pack sale.
Acting for KPMG as liquidator of a leisure group that previously held assets of over £350 million.
Acting for the senior secured creditor in relation to a superprime London residential asset.
Advice in respect of a solvent restructuring of a £30 million hotel asset, including a debt for equity swap and solvent share acquisition.
In conjunction with EY, acting for the secured creditor in relation to a solvent restructure and sale of an equity interest.
Loan sales and acquisitions*
Acting for various acquirers and sellers of debt and security, including providing contingency planning advice.
Retail and CVAs
Acting for various stakeholders in relation to the financial distress of several retailers.
* Denotes experience prior to joining Goodwin.
Mr. Thomas is a member of the Insolvency Lawyers’ Association, INSOL, the Turnaround Management Association and the American Bankruptcy Institute. He is also a member of the City of London Law Society Insolvency Committee.
Prior to joining Goodwin in March 2019, Mr. Thomas had been a partner at Addleshaw Goddard LLP since 2013.