Gareth Thomas is a Managing Director with Teneo in London, having joined Teneo as part of its purchase of Deloitte’s UK Restructuring business.
Gareth has over 17 years experience and specialises in advising international clients on restructuring and tax implications of transactions involving distressed and insolvent situations.
Gareth advises both creditor and debtor side clients, focusing primarily on areas with complex debt financing where our clients need tax efficient refinancing options as part of de-leveraging, distressed asset purchases, group restructuring and exit transactions.
Selected Project Experience
- Lead tax advisor to PizzaExpress Group on its CVA and subsequent restructuring to a creditor-owned structure via a UK Restructuring Plan.
- Lead tax advisor to Valaris Plc on the restructuring of its group structure and $7bn facility via US Chapter 11 and UK Administration processes.
- Lead tax advisor to Permira Credit funds on the restructuring of their facilities in Paperchase and subsequent transfer of the active group to Permira ownership.
- Lead tax advisor to Bartec GmbH, a large multinational specialist manufacturer delivering a consensual restructuring and refinancing of both the business and its existing c£1.9bn debt financing package with a change of ownership to the creditors.
- Lead tax advisor to Doncasters Plc on divestment of non-core businesses and the subsequent restructuring of their group financing arrangements with a transfer to creditor ownership.
- Lead tax advisor to Turkish and International banks on their enforcement action over a Turkish telecoms business. The project involved restructuring the existing $5bn debt package, and the creation of a new creditor owned structure to hold and stabilise the operating business.
- Lead advisor to Paragon Offshore Plc and group enabling a restructuring of their Oil & Gas services business, the consolidation and subsequent sale of the profitable aspects of the group into a lender-controlled structure and the refinancing for the Group’s $2.9bn facility.
- Tax advisor to Lone Star funds covering numerous acquisitions of distressed assets and loan receivables across Europe.
- Tax Advisor to RBS on their enforcement over relevant asset holding structure within the Waypoint Helicopter leasing business.
- Advisor to UK Administrators regarding the preservation of a UK operating business and the packaging of viable assets for sale as a continuing trade.
