Nick Poole specialises in workouts, restructuring and insolvencies, with a specific focus on distressed loan asset restructuring.

Nick has extensive experience, both with Clayton Utz and from eight years in Asia working for an international law firm, with a wide range of clients and sectors. He's advised bank groups, debtors and insolvency practitioners in large and complex cross-border insolvencies, workouts, restructures and non-performing loan sales, in sectors such as pharmacies, rail, toll roads, steel, petroleum, manufacturing, retail, distribution, agriculture, communications, utilities, airlines, property holding companies and gaming.

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Expertise

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Banking and Finance

NPL Portfolio: Nick advised shortlisted bidders on all aspects of BOSI's A$2bn and Suncorp's A$2bn non-performing loan portfolio disposals.

Banksia Securities Limited: 
Nick advised Deutsche Bank on its purchase of a $240 million loan portfolio.

Pharmacies:  Nick advised lenders on strategic reviews of lending practices with respect to various national and regional pharmacy groups. This included the restructuring and subsequent enforcement action in respect of a group of 70 pharmacies.

Cubbie Group of Companies:  Nick advised the lenders on their exposure to Cubbie, the largest cotton producer in Australia, including annual cropping facilities, administrator funding and all aspects of the administration.

LM First Mortgage Income Fund:
Nick advised Deutsche Bank on its initial refinance and enforcement strategy following the appointment of voluntary administrators to the fund's responsible entity and subsequently advised the receivers and managers appointed by Deutsche Bank.

Mezzanine Finance: 
Nick advises offshore funds with respect to priority administrator funding, mezzanine financing and preferred equity investments in respect of mining and property investments.

Special situations: 
Nick advises investors and financiers in respect of special situations generally including in connection with the "Soul" property development, Becton Property Group, MF Global, Timbercorp, Alinta, Babcock & Brown, Colorado, Centro and Loy Yang.

Dalby Bio Refinery: 
Nick advised buyer of A$100 million senior secured loan and implemented loan to own strategy involving deeds of company arrangement of operating and holding companies and acquisition of entire issued share capital of holding company.

Moulin Global Eyecare Holdings Limited: 
Nick advised a 27-member bank group (HK$2.4 billion) on formal standstill negotiations and then the provisional liquidator on all aspects concerning the liquidation and restructure of Moulin. This involved insolvency proceedings in various countries around the world, one of the first foreign recognition proceedings brought in the US and the contested disposal of Eye Care Centres of America (enterprise value of US$600m).

Bio-Treat Technology Limited: 
Nick advised the majority of bondholders holding S$206 million Zero Coupon Convertible Bonds including as to available enforcement and restructuring options.

See Banking and Finance

Restructuring and Insolvency

Pharmacies: Nick advised lenders on strategic reviews of lending practices with respect to various national and regional pharmacy groups. This included the restructuring and subsequent enforcement action in respect of a group of 70 pharmacies.

Electrical Services: 
Nick advised a bank group with respect to all aspects of the restructure of a $150 million club-facility and interim funding and proposed takeover of borrower by way of scheme of arrangement.

Cubbie Group of Companies:
 Nick advised the lenders on their exposure to Cubbie, the largest cotton producer in Australia, including annual cropping facilities, administrator funding and all aspects of the administration.

LM First Mortgage Income Fund:
Nick advised Deutsche Bank on its initial refinance and enforcement strategy following the appointment of voluntary administrators to the fund's responsible entity and subsequently advised the receivers and managers appointed by Deutsche Bank.

Dalby Bio Refinery: 
Nick advised buyer of A$100 million senior secured loan and implemented loan to own strategy involving deeds of company arrangement of operating and holding companies and acquisition of entire issued share capital of holding company.

Moulin Global Eyecare Holdings Limited: 
Nick advised a 27-member bank group (HK$2.4 billion) on formal standstill negotiations and then the provisional liquidator on all aspects concerning the liquidation and restructure of Moulin. This involved insolvency proceedings in various countries around the world, one of the first foreign recognition proceedings brought in the US and the contested disposal of Eye Care Centres of America (enterprise value of US$600m).

Bio-Treat Technology Limited: 
Nick advised the majority of bondholders holding S$206 million Zero Coupon Convertible Bonds including as to available enforcement and restructuring options.

See Restructuring and Insolvency

Restructuring

Pharmacies: Nick advised lenders on strategic reviews of lending practices with respect to various national and regional pharmacy groups. This included the restructuring and subsequent enforcement action in respect of a group of 70 pharmacies.

Electrical Services: Nick advised a bank group with respect to all aspects of the restructure of a $150 million club-facility and interim funding and proposed takeover of borrower by way of scheme of arrangement.

Bio-Treat Technology Limited: Nick advised the majority of bondholders holding S$206 million Zero Coupon Convertible Bonds including as to available enforcement and restructuring options.

See Restructuring

Insolvency

Pharmacies: Nick advised lenders on strategic reviews of lending practices with respect to various national and regional pharmacy groups. This included the restructuring and subsequent enforcement action in respect of a group of 70 pharmacies.

Electrical Services: Nick advised a bank group with respect to all aspects of the restructure of a $150 million club-facility and interim funding and proposed takeover of borrower by way of scheme of arrangement.

Cubbie Group of Companies: Nick advised the lenders on their exposure to Cubbie, the largest cotton producer in Australia, including annual cropping facilities, administrator funding and all aspects of the administration.

LM First Mortgage Income Fund: Nick advised Deutsche Bank on its initial refinance and enforcement strategy following the appointment of voluntary administrators to the fund's responsible entity and subsequently advised the receivers and managers appointed by Deutsche Bank.

Dalby Bio Refinery: Nick advised buyer of A$100 million senior secured loan and implemented loan to own strategy involving deeds of company arrangement of operating and holding companies and acquisition of entire issued share capital of holding company.

Moulin Global Eyecare Holdings Limited: Nick advised a 27-member bank group (HK$2.4 billion) on formal standstill negotiations and then the provisional liquidator on all aspects concerning the liquidation and restructure of Moulin. This involved insolvency proceedings in various countries around the world, one of the first foreign recognition proceedings brought in the US and the contested disposal of Eye Care Centres of America (enterprise value of US$600m).

See Insolvency

Debt Trading and Special Situation Investing

Special situations: Nick advises investors and financiers in respect of special situations generally including in connection with the "Soul" property development, Becton Property Group, MF Global, Timbercorp, Alinta, Babcock & Brown, Colorado, Centro and Loy Yang.

Debt trading: Nick advises buyers and sellers in connection with various vanilla and structured trades across Asia Pacific

See Debt Trading and Special Situation Investing

Knowledge

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