Debevoise & Plimpton LLP

Bankruptcy/Restructuring Department

New York
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What the team is known for Versatile group, well equipped to tackle Chapter 11 restructurings for its global clientele. Acts for the full spectrum of stakeholders including creditors, debtors and boards of directors, with significant expertise in representing private equity clients and their portfolio companies in a variety of distressed situations. Notable experience with energy and technology-related bankruptcies.

Strengths Clients point to the team's flexible, solution-oriented approach. "They are our firm of choice," reveals one interviewee, "anyone that we work with there is very high quality. They are creative and lay out a range of solutions to a problem."

"They have a bespoke service that's very much tailored to the needs of their clients," says another industry insider. "They run their transactions in terms of who they're working for." Another commentator issues similar sentiments, describing it as a "super high-end" service.

Work highlights Acted for Crescent Capital Group, KKR Credit Advisors and GoldPoint Partners, the holders of around $188 million of senior secured notes, in connection with the Chapter 11 filing of The Rockport Company and its subsidiaries. Among other matters, the team advised its clients on the Section 363 sale of substantially all of Rockport's business as a going concern to Charlesbank Capital Partners.

Notable practitioners

According to sources, My Chi To is "highly collaborative and solution-oriented. She works tirelessly to get things done and is delightful to deal with." She is recognized for her representation of debtors, creditors and investors in connection with the full range of bankruptcy and restructuring matters.

Natasha Labovitz focuses her respected restructuring practice on the private equity space, regularly advising private equity funds, investors and portfolio companies in connection with complex bankruptcy and insolvency-related matters. "She was masterful," notes one recent observer on the other side of a particularly problematic deal. "If I was ever in that situation, although I hope to never be, I would call her. She found a way to reach a solution without throwing stones, which is a real talent in this business."