Rob Kent advises Apollo Management on Countrywide scheme of arrangement

[private] International law firm Freshfields Bruckhaus Deringer has advised Apollo Management in connection with the recently completed restructuring of leading UK residential estate agency, Countrywide. The transaction involved the injection of additional equity capital from both new equity providers and existing noteholders, as well as the reduction and restructuring of outstanding indebtedness. The restructuring was implemented by way of parallel schemes of arrangement in England and the Cayman Islands, alongside a Chapter 15 recognition procedure in New York. The new equity has been provided by funds managed by Apollo, Oaktree, Alchemy and Polygon.

The Freshfields team was led by corporate partner Don Guiney, with corporate senior associate Tim Wilmot. Others involved included finance partner David Winfield, tax partner Rob Kent, litigation partner Paul Lomas, tax associate Peter Clements and corporate associate James Hyre. [/private]