Recapitalisation: managing the COVID-19 debt burden

The impact of COVID-19 has placed immense stress on UK businesses and many have taken out new loans (private or government backed) or extended existing facilities to weather the storm of lockdown. A recent report issued by financial services lobby group TheCityUK estimated that there will be c.£100bn of unsustainable debt (both government backed and private debt) by March 2021. This will have a knock on effect for future growth and investment and will lead to many businesses simply being unable to continue to trade. Even if companies are able to continue to trade, many will nevertheless seek to reduce or otherwise restructure their levels of debt to what they perceive to be a more sustainable level in the post-pandemic world.

You will hear first-hand from both Osborne Clarke experts and our guest speakers (see below) discussing these challenges, but also focusing on the options available to over-indebted corporates now and over the coming months to tackle the issue.

James Austin
Head of the Thames Valley Investment Team

James has been investing in growing companies in the Thames Valley for almost 20 years. He has worked on a wide range of transactions from small growth capital investments to large refinance and recapitalisations, in both high growth and distressed circumstances. He has a bias towards scalable technology companies and the management teams required to run them, but is a generalist investor with experience in most sectors.

BGF is Europe’s most active growth capital investor with investments in more 300 portfolio companies. James can provide an insight into the Covid 19 experiences and learnings from across this large portfolio.

Ian Brown
Managing Director
Arrowpoint Advisory

Ian leads Arrowpoint’s Funding Solutions practice. He joined Arrowpoint Advisory (part of Rothschild & Co) in September 2018, having been with KPMG since 2011 and having previously worked with Kroll (now Alix Partners), and in industry (as both a Commercial Director and Finance Director).

Interested in attending?

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When and where?

13 October 2020

09:30 - 10:30