Special Situations is defined by (i) a community of participants (ii) Yield+ (iii) mindset. These situations draw investors to buy into a security (e.g. debt, equity or derivative) based on the special situation, rather than the underlying fundamentals of the security or some other investment rationale. This type of investment is an attempt to profit from a potential rise or fall in value that the special situation presents which may be driven by a restructuring, refinancing or other investment activity. It is those situations and investors (principally private equity, hedge and debt funds but increasingly other alternative capital providers) who we are deeply connected to through our special situations team.
Special Situations can result in a restructuring, refinancing or M&A therefore we draw on restructuring, finance, tax and corporate skill sets in particular across a number of different sectors, countries and asset class specialisms in a seamless fashion.
The DLA Piper difference
DLA Piper's Special Situations group has 'on the ground' lawyers across Africa, the Americas, Asia Pacific, Europe and the Middle East, each with extensive knowledge of local markets and the associated challenges our clients face. This means we have the knowledge, experience and resources to address your needs, wherever you choose to do business.
Our group has an excellent track record of coordinating legal advice on complex special situations transactions across a wide range of geographies, disciplines and stakeholders. We are experienced in supporting market participants who deploy capital in opportunistic, distressed and/or event-driven situations.
We regularly work with clients through the lifecycle of their investment through negotiation and implementation which takes in the entry point e.g. refinancings, direct lending, acquisition of assets or debt instruments (consensual and non-consensual enforcements, schemes of arrangement, Restructuring Plans) and ancillary arrangements – through ultimately to realisation of value through M&A, disposals, IPOs etc.
What makes us different is that our special situations team has a global focus on ten key sectors and our global presence ensures we can draw on our network of offices and our dedicated practice groups to quickly mobilise significant teams of appropriately experienced lawyers. This means we are able to offer contextual, sector and business specific support to clients, crucial in non-standard transactions, in a unique way.
We listen to our clients to understand their business objectives and restructuring needs and pride ourselves on developing innovative restructuring solutions that deliver real commercial results. Our approach is simple. We are always available and we pride ourselves on our quality, accessibility, and quick turnaround. Our culture is built upon client focus and collaboration – we know when to lead and when to listen. We will build a strong relationship with you, to understand your business, goals, strategy and aspirations – to not just meet your expectations, but to exceed them wherever possible.