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Paul Apáthy

Partner

Paul specialises in restructuring, work-outs, corporate insolvency and distressed investments.

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Experience

Paul has extensive experience advising creditors, companies, insolvency practitioners and investors in respect of distressed situations. Paul also advises in respect of loan portfolio sales and other secondary debt market transactions.

Some of the recent transactions on which Paul has advised include acting for:

  • the senior lenders to BIS Industries in respect of its A$1.2 billion restructuring, by way of two schemes of arrangement and a debt for equity swap under which the senior lenders obtained ownership of 96% of the BIS group
  • an international bank on a successful workout and settlement in respect of a significant exposure to an Indonesian palm oil producer
  • KKR and Olympus as secured lenders and Ferrier Hodgson as receivers in respect of the receivership of the Keystone Group (a major Australian restaurant and bar group)
  • Imdex (an Australian mining services company) on the successful restructuring of its debt facilities
  • an international bank on successfully exiting its exposure from Wollongong Coal
  • Various noteholders on the restructuring and insolvency of the Singapore listed and Australian incorporated Linc Energy
  • Blackstone on the acquisition of the A$566m Kensington real estate loan portfolio from GE and the related vendor financing
  • Seven Group in connection with the restructuring of Nexus Energy
  • KKR, Varde and Deutsche Bank in connection with the financing of their acquisition of GE’s Australian and New Zealand consumer finance business
  • Suncorp Group on the sale of its A$1.6 billion non-core corporate and property loan portfolio to Goldman Sachs
  • Goldman Sachs in respect of the A$3.4 billion restructuring of Nine Entertainment Group
  • Deutsche Bank on its acquisition of various loan portfolios from the Banksia group

 

Publications

Background

Originally from New Zealand, Paul practised in London for a number of years with Linklaters and Lovells before joining Herbert Smith Freehills.

Paul has a Bachelor of Laws (First Class Honours) and a Bachelor of Arts from Victoria University of Wellington.

Paul is admitted to practice in New South Wales, England & Wales and New Zealand. Paul is the vice chairman of the New South Wales regional committee of the Turnaround Management Association.