Legal Services
Whitecase
Full Credential Description
Global law firm White Case LLP advised the outgoing shareholders on the financial restructuring of iQera, a European leader in debt management and debt purchasing. iQera faced significant financial challenges, which necessitated a comprehensive restructuring strategy. The restructuring was initiated following an agreement in principle reached on December 5, 2024, and a lock-up agreement concluded on December 9, 2024, with its shareholders and a majority of its main creditors. The financial restructuring plan, approved by the Paris Commercial Court on April 22 and officially concluded on May 28, 2025, included a substantial €210 million reduction in iQeras debt. This was achieved through a partial conversion of its bonds into equity, a rescheduling of repayment deadlines, and the implementation of lower interest rates. Additionally, the plan provided for a new €30 million liquidity line that would be accessible over two years. A significant aspect of the restructuring was the change of control, with a fund managed by AGG Capital Management Limited, wholly owned by Arrow Global, becoming the new majority shareholder of iQera. This tailored solution not only alleviated iQeras immediate financial burdens but also positioned the company for future stability and growth in the competitive debt management industry.