Marc Hecht

Based in our London office, Marc Hecht is a Partner in the Firm’s Restructuring team. Marc has extensive experience in domestic and cross-border stressed, distressed and insolvency situations. He advises the full spectrum of stakeholders regularly representing debtors, creditors, sponsors, management teams and insolvency practitioners. Marc also advises clients in connection with acquisitions of distressed assets and companies and has familiarity with offshore restructuring and insolvency regimes having previously practiced in the Cayman Islands.

Current and recent representations include:

• TDR Capital and one of its portfolio companies in connection with its ongoing financial restructuring
• Apax Partners and one of its portfolio companies in connection with its ongoing financial restructuring
• The joint administrators of the Global Brands Group involving multiple material asset disposals of joint venture and other assets across 60+ jurisdictions
• Various of the Firm’s key private equity sponsor clients, in connection with their existing portfolios

Select representations prior to Simpson Thacher include:

• Ad hoc group of lenders to Steinhoff Europe AG in respect of the €8 billion financial restructuring of the Steinhoff group and various DIP lenders to Steinhoff’s U.S. business, Mattress Firm in connection with its chapter 11 in the U.S.
• DTEK, Ukraine’s leading privately owned energy company, on the restructuring of its entire capital structure which included various English schemes of arrangement and a consensual override of its bank facilities
• Bibby Offshore, in connection with its debt for equity restructuring implemented through an English scheme of arrangement
• The LATAM Airlines group and joint provisional liquidators in connection with restructuring implemented through a coordinated chapter 11 in the U.S. and related provisional liquidations in Cayman 
• Ad hoc group of creditors to the Pacific Drilling group in connection with its debt for equity restructuring implemented through a parallel chapter 11 in the U.S. and provisional liquidation in Cayman
• A sovereign bank and Court-appointed receivers in connection with a realisation strategy in respect of a Cayman fund

Marc recently chaired a panel at the American Bankruptcy Institute’s annual conference, was a panel member at R3’s annual conference, has authored various articles and was a published panelist in Financier Worldwide’s Distressed M&A Roundtable