Triton completes restructuring of $1 billion of Galapagos debt

Client(s) Triton Investment Management Limited

Jones Day advised private equity fund Triton Investment Management Limited in a restructuring of its investment in Galapagos, a German industrial group with customers in 130 countries. Triton retained control of the group's equity while roughly halving its $1 billion debt burden, despite significant challenges from the group's disenfranchised senior noteholders.