Olvera principals assisted in the sale of the metropolitan subscriber base to Foxtel and Austar and agreed on settlements with its media distribution partners over a 6 month period. We then acted as deed advocate placing the company into administration and settling residual claims through a deed of company arrangement.
Olvera principals worked with Mezzanine lenders and their advisors, and distressed investors who acquired positions through a syndicate sell down.
The Group comprised 42 Companies and numerous unit trust and discretionary trust structures which operated 17 hospitality venues nationally. Keystone had over 1200 staff and creditors claims in the liquidation totalled over $85mill. The Keystone hospitality venues included bars (Cargo Bar, Bungalow 8, The Rook), restaurants (Jamie Oliver restaurants, Kinsleys Steak Restaurants, Chop House Restaurants) […]