Simpson Thacher advised Takko Fashion Gmbh (“Takko Fashion”) in connection with the Group’s successful cross-border restructuring involving, among other things, a transfer of ownership to certain of Takko Fashion’s bondholders and a comprehensive recapitalisation.
With the completion of the transaction Takko Fashion has strengthened its financial profile by reducing leverage by more than €250m and extending debt maturities to 2026. Takko Fashion is now better positioned to further execute on its strategic priorities and expand its presence across Europe.
Takko Fashion is a leading European fashion discount retailer with almost 2,000 stores in 17 European countries.
The Simpson Thacher team included Nicholas Shaw, Uma Sud, Patrick Kratzenstein and Thomas Flament (Capital Markets); James Watson, Thomas Wilson, Ilaria Olivero and Euan Gillies (Restructuring); Shahpur Kabraji, Matthew Hope, Margareta Chlubnova and Kwasi Mills-Bampoe (Credit) and James Howe, Christopher Vallance and James Evelegh (UK Corporate).