Sidley represented Global Loan Agency Services Limited (GLAS) as the notes trustee and security agent on the sale of Young’s Seafood Limited to Karro Food Group (owned by private equity investor CapVest). We also advised GLAS on the subsequent distribution of the sale proceeds and other assets of the group to the holders of notes issued by Lion/Gem Luxembourg 3 S.à r.l., the former parent company of Young’s Seafood.
One of the UK’s leading specialist seafood brands, Young’s Seafood produces and distributes frozen, fresh and chilled seafood.
The GLAS team consisted of Joanne Brooks (Head of EMEA), Paul Cattermole (Head of Trustee and Escrow Services), Aric Kay-Russell (Senior Transaction Manager) and Andy Rogers (Senior Client Services Administrator).
The Sidley team in London was led by Mark Knight (partner, Restructuring) and Jifree Cader (partner, Restructuring), with support from Alan G. Grinceri (partner, Capital Markets), Jason Menzies (senior associate, Tax), Michelle Tong (senior associate, Private Equity), Susannah Apuzzo (associate, Private Equity), Natasha Chan (associate, Restructuring), Dominic J.T. Nelson (associate, Capital Markets), Dhevine Chandrapala (associate, Restructuring), Tamara Habayeb (associate, Restructuring) and Luke Mason (associate, Restructuring).