Tubo de Pasteje SA/Cambridge-Lee Holdings

The firm was cocounsel to Tubo de Pasteje SA de CV and Cambridge-Lee Holdings, units of Industrias Unidas, S.A. de C.V. (the “IUSA Group”), one of Mexico’s largest diversified industrial groups. IUSA Group manufactures copper-based and electrical products for the housing and electrical power sectors in the United States, Mexico, Europe, and Latin America. The cases were commenced to secure the debtors’ assets while a larger out-of-court restructuring with the senior noteholders of the IUSA Group was effectuated. The confirmed plans produced 100% recoveries for all constituencies and left equity unimpaired.

This case won a 2012 Turnaround Atlas Award from Global M&A Network for “Turnaround of the Year: Middle Markets.”