JJ Martins judicial recovery plan and creditor restructuring
Olimpia Partners advised on this structured debt transaction involving Grupo JJ Martins, in the Consumer & Retail sector. Deal value: Confidential.
Exclusive financial advisor to Grupo JJ Martins.
Grupo JJ Martins
Consumer & Retail · structured debt · Confidential
Case Study
• In May 2015, JJ Martins Group received initial approval of its judicial recovery plan and creditor restructuring
– At its peak, the JJ Martins Group had market share of 13% in the Metropolitan area of Rio de Janeiro
• Olimpia Partners acted as adviser to JJ Martins Group to structure and negotiate its judicial recovery plan, including:
– Model and evaluate the financial feasibility of the plan
– Assisted the management on negotiations with creditors
– Worked together with legal counsel on negotiation and documentation
• Summary of the plan:
– Total Indebtedness of R$406.5 million
– Creditors will be paid with resources from JJ Martins Group operating cash flow and from the sale of properties which were valued at R$137.6 million
• JJ Martins Group is one of the largest automotive retailers in the Rio de Janeiro Metropolitan area with significant assets in real estate enterprises
– JJ Martins Group has Chevrolet, Renault, Kia and Ford automobile dealerships
– R$427 million in revenues and 8 thousand vehicles sold in 2015
– The group has also been extensively involved in residential real estate development in the city of Rio de Janeiro
Transactions