Mark Menon

Prior to joining Ankura, Mark was responsible for leading the Multibank Restructuring team at one of the UK’s largest financial institutions in London.

As a principal, Mark has worked with a large number of private and public companies across a wide variety of industries including oil & gas, aviation, travel and leisure, retail, and construction. He has extensive experience in leading diverse creditor groups and negotiating restructuring agreements.  Mark is able to rapidly build trust with key stakeholders to establish and deliver acceptable outcomes for management teams whilst balancing creditor needs.

Mark’s banking experience has provided him with a deep understanding of creditor dynamics which positions him well when advising management teams and creditors alike. A selection of Mark’s recent experience includes:

• Lead Bank to a UK Listed oil & gas business, with indebtedness of over $3.6 Billion. On behalf of the Lenders, Mark (alongside other Banks, credit and hedge funds) negotiated and implemented the sale of the business via a UK Restructuring Plan. The transaction ensured the continuation of a significant UK employer whilst unlocking significant synergy value. Creditor also recovered their investments at par.
• Lead Bank to a UK aviation business, with indebtedness of £2.5 Billion. Mark was instrumental in negotiating the recapitalisation of the business to ensure sufficient liquidity to trade through the pandemic. Alongside traditional Lenders, Finance Lessors and Operating Lessors, Mark was relied upon to structure a deal with the credit card acquirers given their importance to the business model. The transaction, delivered via a UK Restructuring Plan, provided the business with the platform to significantly reduce its cost base, allowing it to manage through pandemic related travel disruption.
• Led the restructuring of a UK-national newspaper which involved underwriting an inaugural high yield bond issuance alongside the concurrent delivery of an equity raise and the extension to key credit facilities.
• Assisted on numerous other transactions comprising debt equitisation, refinancing, accelerated M&A, high yield or equity capital market solutions and debt sale processes.

Mark is a Chartered Financial Analyst with a master’s in engineering (first class honours) in Civil Engineering with Business Management from The University of Sheffield.