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22 Jul 2011 10:00
Eversheds advise WYG on debt for equity conversion
International law firm Eversheds has advised WYG plc, the global management and technical consultancy, on a debt for equity swap involving the conversion of £51 million of debt and a £32m placing.
WYG, which is focused on buildings and infrastructure, transport, energy and the environment and assurance services, will use some of the proceeds from the fundraising to help fund its international growth.
The Eversheds team was led by banking partner Jason Wurzal and corporate partner Amanda Partland with support from Sarah Turner, James Bryce, James Oxley and David Milne.
Amanda Partland said:
“This debt for equity conversion was a complicated restructuring which required a wide range of knowledge and skills. We are very pleased to have been able to support WYG, who are a long standing client of the firm, on this transaction which will allow them to move forward and realise their potential.”
For more information contact:
Eversheds LLP
Eversheds LLP and its world wide offices have over 4,500 people who provide services to the private and public sector business and finance community. Access to all these services is provided through 45 international offices in 28 jurisdictions. Eversheds combines local market knowledge and access with the specialisms, resources and international capability of one of the world's largest law firms.
www.eversheds.com
