UK and France
The business and background
The businesses were incorporated in 2015 to build blockchain platforms including software development, particularly for the financial services sector. The software was initially deployed in France via two subsidiaries.
What we did
We were appointed to act as a neutral party to represent the interests of all its creditors and stakeholders and to help shape the future structure to enable the firm to balance its strategic infrastructure holdings and continue its software development activities.
Our Corporate Finance and Restructuring & Insolvency teams worked collaboratively to find a solution that worked for all stakeholders involved.
We advised on the sale of one of the businesses to a consortium led by a French telecom giant and a major global Investment Bank as well as on the sale of the second business to a large global Asset Management firm. The sale was particularly complex given the new technologies involved, the multi-jurisdictional nature of the transaction and the complications caused by the assignment of debt.