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Camp Australia undergoes restructure

BigLaw firm Clayton Utz has advised out-of-school care provider and educator Camp Australia on its successful debt and equity restructure.

user iconJerome Doraisamy 21 November 2022 Big Law
Camp Australia undergoes restructure
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Firm: Clayton Utz (Camp Australia)

Deal: Clayton Utz advised a lending group of Allegro Funds, Tanarra Capital, Perpetual, Intermediate Capital Group, and Broad Peak Investment Advisers on the restructure. While this was a business impacted by the COVID-19 pandemic, the firm said in a statement, the lenders remained supportive and worked with Camp Australia’s management team to find common ground in negotiating the terms of a restructure.


Area: Restructuring and insolvency

Value: N/A

Key players: The Clayton Utz team was led by restructuring and insolvency national practice leader Timothy Sackar, who was supported by partners Graeme Tucker and corporate national practice group leader Rory Moriarty, special counsel Jillian Robertson and Ashleigh Tang, and senior associates Sam Pullin and Timon Ibrahim.

Deal significance: “The successful implementation of this restructure enables Camp Australia and its some 3,700 employees to move ahead with a deleverage balance sheet and an aligned shareholder-lending syndicate,” the firm said in a statement.

“Congratulations to Camp Australia and everyone involved in this complex and challenging transaction.”