Banking, Finance and Restructuring Team of the Year: Webber Wentzel
Finalists: Allen & Overy • Aluko & Oyebode • Bowman Gilfillan • Herbert Smith Freehills • Linklaters • Norton Rose Fulbright • Werksmans
November 20, 2014 at 07:50 AM
1 minute read
Finalists: Allen & Overy • Aluko & Oyebode • Bowman Gilfillan • Herbert Smith Freehills • Linklaters • Norton Rose Fulbright • Werksmans
The Banking, Finance and Restructuring Team of the Year was awarded to Webber Wentzel in recognition of its role advising on Peermont Global's 16bn rand (£0.9bn) restructuring.
Over a nine-month period, Webber Wentzel advised senior lenders to Peermont, southern Africa's third-largest gaming business. Following a private equity buyout in 2007, which had left the business with a knot of debt, the restructuring allowed Peermont to begin deleveraging its balance sheet as well as grant it the flexibility to invest in growth projects.
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