Kirkland & Ellis advised the ad hoc group of bondholders of Vieo B.V. ("Vieo") on a contested, coercive share pledge enforcement. Vieo is the Dutch holding company of Lebara, a telecommunications group that provides services to clients around the world.
The Dutch court approved the enforcement on 30 July 2019. Vieo's shares were transferred the following day to a Newco entirely controlled by holders of Vieo's €350 million senior secured notes.
The Kirkland team was led by: Kon Asimacopoulos, Matt Czyzyk, Ian Clarke, Gabe Harley and Peter Madden (restructuring); Aprajita Dhundia and James Hunn (corporate); Matthew Merkle, Michael Taufner, Ben Myers and Charles Osborne (debt finance); Thomas Sebastian Wilson and James Parkinson (antitrust & competition); and David Irvine and Anthony Antioch (tax).
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