Special Situations & Restructuring.

Navigating distressed and event-orientated investments and exits.

Special Situations & Restructuring.

Mayne Wetherell has been involved in all major restructuring transactions in New Zealand since the global financial crisis.

We regularly act for institutions such as Deutsche Bank, Goldman Sachs, JPMorgan, Sankaty Advisers, Värde Partners and Westpac in respect of special situations investing, credit opportunities, ‘all of capital stack’ solutions and restructuring exercises.

We identify and realise bespoke capital solutions for clients arising from distressed or underperforming assets, illiquid or ‘hard’ assets or other unique investment opportunities. This includes “loan to own”, mezzanine finance, and other investments across the capital structure.

Recent Transactions.

  • Senior creditors and the agent on the debt for equity restructure of the MediaWorks group of companies.
  • Senior creditors and the agent on the debt for equity restructure of the Yellow Pages group of companies.
  • Sankaty Advisors on the debt for equity restructure of the Metro Performance Glass group of companies.
  • The under bidder and, following completion, the successful purchaser of Bank of Scotland’s NZ$1bn property loan portfolio, advising on the realisation of those assets.
  • Various structured subordinated debt and hybrid security structures for global funds, sponsors and other institutions.