Profile - The IFT

Jat Bains Macfarlanes LLP

Role: Lawyer


Jat is head of the restructuring and insolvency group at Macfarlanes. He specialises in a broad range of corporate restructuring and insolvency issues.
He has been involved in restructurings in a wide range of sectors including retail, healthcare, hotels, consumer lending, technology and media, construction, manufacturing, professional services and infrastructure.
Jat’s restructuring experience also includes a secondment to the restructuring group legal team at a global financial institution, where he was involved in multi-billion dollar restructurings.
Jat is a contributing editor of the ICLG Restructuring and Insolvency series and a partner champion of the Macfarlanes’ BME & friends staff network, a forum for networking and peer support between ethnic minority staff and allies.
Recent highlights include advising:
– Ares Capital in relation to the restructuring of certain leveraged financings;
– the directors of certain subsidiaries of the Four Seasons Health Care group, in relation to its ongoing £525m restructuring;
– OpCapita on its loan-to-own acquisition of the UK business and assets of the retailer GAME Digital, its operational turnaround, a ground-breaking dispute with landlords and on its exit by way of flotation. We have since advised on its financing arrangements and its takeover by Sports Direct;
– Slater & Gordon Lawyers UK in relation to the English law aspects of its £450m restructuring and with the development of its turnaround plans within the capital structure and framework created under the restructuring;
– Alchemy Special Opportunities in relation to its leveraged refinancing of an Austrian retailer;
– BDO as the administrators of BSG Resources in relation to its $2bn+ liabilities;
– FRP, the administrators of Fairline Boats;
– Kew Green Hotels and its shareholders in relation to its debt restructuring, lease restructuring, certain bolt-on acquisitions (including by way of a “loan-to-own” strategy) and successful £400m exit to China Travel Service;
– bondholders in relation to the restructuring of a solar power plant in Spain; and
– ING Bank, Eurohypo, Deutsche Hypothekenbank and Grant Thornton (as administrators) on the restructuring of the Britannica retail property portfolio.

Organisation Type
  • Private Equity Backed
Average Company Size (£Million)
  • Business Services
  • Consumer Goods & Retail
  • Energy & Natural Resources
  • Financial Services
  • Healthcare
  • Infrastructure, Building & Construction
  • Leisure
  • Real Estate
  • Technology & Telecoms
  • Food & Beverages
  • Legal