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Stephenson Harwood advises Riverstone Credit regarding the sale of Harland & Wolff
Law firm Stephenson Harwood LLP has advised Riverstone Credit, a US credit fund, in its capacity as secured creditor of the shipbuilder Harland & Wolff, in respect of the sale of the ship building business to Spanish operator, Navantia.
The matter includes the sale of all four Harland & Wolff operating yards in England, Scotland and Northern Ireland, by way of a pre-packaged administration sale, which will preserve over 1,000 jobs.
Restructuring and insolvency partner Ian Benjamin led the team, supported by associate Fiona Siddall.
Stephenson Harwood worked alongside co-counsel Bracewell LLP and financial and government relations advisors Teneo on the matter, and together with Bracewell, continues to advise Riverstone in respect of the group's remaining assets.