Leader in the casino business
Zalis ran the restructuring of a French leader in the gambling industry. Daniel Cohen, CEO and founder of Zalis, and his team advised and supported the company in connection with its second equity capital raising and assisted in its operational and financial restructuring, in particular through an agreement reached with a large banking pool.
The support of Zalis resulted in a debt rescheduling (thereby avoiding asset sales in a difficult market), a new capital increase and a change in governance.
Improved financial results have confirmed a successful turnaround.
nicko cruises GmbH
nicko cruises, the market leader for river cruises in Europe, had to file for insolvency before the start of the main season. The insolvency administrator, Mr. Michael Pluta from PLUTA Rechtsanwalts GmbH, managed to ensure that the tours in Europe, Africa and Asia took place until the end of the 2015 season. This means that the PLUTA team secured more than 30,000 tours, which was very difficult at the beginning. Moreover, the restructuring experts also optimised the capacity utilisation of the entire fleet and searched for an investor. With success: nicko cruises was acquired by the Portuguese holding company Mystic Invest which is active in the field of travel organisation. When business was restarted officially on 1 November 2015, the insolvency administrator’s team symbolically handed over the key to the new company.