iQera Finalizes Financial Restructuring with White & Case Assistance
Deal News | Jun 19, 2025 | White & Case LLP
Global law firm White & Case LLP has advised the outgoing shareholders of iQera, a prominent European debt management and purchasing firm, on its comprehensive financial restructuring. The restructuring agreement, finalized after an agreement in principle and a lock-up agreement in December 2024, culminated with Paris Commercial Court's approval on April 22 and its conclusion on May 28, 2025. This agreement entails a 210 million reduction in iQera's debt by partially converting bonds to equity, revising repayment schedules, reducing interest rates, and offering a new 30 million liquidity line over two years. As part of the plan, AGG Capital Management Limited, a fund wholly owned by Arrow Global, takes over as the majority shareholder. The transaction was overseen by a White & Case team led by partners Saam Golshani and Nathalie Ngre-Eveillard, with contributions from other partners and associates primarily based in Paris.
Sectors
- Debt Management
- Legal Services
- Private Equity
Geography
- France – iQera's financial restructuring was approved by the Paris Commercial Court, which is situated in France.
- United Kingdom – London-based partners of White & Case LLP were involved in the transaction, suggesting activity in the UK.
- Europe – iQera is described as a European leader in debt management, situating its operations and influence across the continent.
Industry
- Debt Management – The article focuses on iQera, which is a leading company in debt management and debt purchasing, indicating its central role in financial restructuring.
- Legal Services – The involvement of White & Case LLP highlights the significance of legal advisory services in the financial restructuring process.
- Private Equity – The entry of AGG Capital Management Limited as a majority shareholder indicates activity within the private equity sector.
Financials
- 210 million – Debt reduction achieved through financial restructuring.
- 30 million – New liquidity line provided as part of the restructuring plan.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| iQera | Target Company | Company | A European leader in debt management and debt purchasing undergoing financial restructuring. |
| White & Case LLP | Legal Advisor | Company | Global law firm advising on iQera's financial restructuring. |
| AGG Capital Management Limited | Majority Shareholder | Company | The fund, wholly owned by Arrow Global, that became the new majority shareholder of iQera. |
| Arrow Global | Parent Company | Company | The parent company of AGG Capital Management Limited. |
| Paris Commercial Court | Government | Government | The court that approved iQera's financial restructuring. |