Lenz & Staehlin with Signa on debt restructuring agreement
Lenz & Staehelin advised Zurich-based Signa European Invest Holding and its subsidiaries, as the former holding company of participations in department stores Selfridges, Globus and KaDeWe has concluded a debt restructuring agreement with its creditors, following the divestment of all of its participations.
Pursuant to the agreement, net sales proceeds are allocated to creditors, with Signa European Invest Holding to be solvently liquidated.
The Lenz & Staehelin team
The Lenz & Staehelin team working on the matter included Tanja Luginbühl (pictured), Roland Fischer and Anna Pellizzari (all restructuring & insolvency) as well as Matthias Wolf, Rebecca Khan and Nicolas Lehmann (all M&A).
