Maxcom Telecomunicaciones

Representation of Maxcom Telecomunicaciones, S.A.B. de C.V., a Mexican telecommunications provider, as co-counsel in its prepackaged chapter 11 cases in the District of Delaware. Under the prepackaged chapter 11 plan, Maxcom, private equity firm Ventura Capital Privado, S.A. de C.V., an ad hoc group holding an aggregate amount of approximately $86 million of certain notes, and certain of its prepetition equity holders reached agreements on the terms of restructuring support and recapitalization agreements. Ventura agreed to make a $45 million capital contribution and conduct a tender offer pursuant to U.S. and Mexican securities law to acquire up to 100 percent of the issued and outstanding shares of Maxcom. General unsecured claims received full payment under the plan. The bankruptcy court confirmed the plan in September 2013, allowing the company to exit bankruptcy in October 2013.