London, August 22, 2007— LAWFUEL – The Legal Newswire – Shearman & S…

London, August 22, 2007— LAWFUEL – The Legal Newswire – Shearman & Sterling has advised certain affiliates of Credit Suisse International, ABN AMRO and Eos Partners as majority investors and lenders in the comprehensive £62 million restructuring of the Ethel Austin Retail Group.

Ethel Austin is one of Britain’s leading value clothing retailers with over 300 stores throughout the country. The company and its subsidiaries were transferred to a Newco (Noteframe Limited) which is majority owned by certain affiliates of Credit Suisse International, ABN AMRO and Eos Partners.

The Shearman & Sterling team was led by partners Clifford Atkins (LO-EF), Laurence Levy (LO-M&A) and Iain Scoon (LO-TX) and included counsel Paula Holland (LO-ECEB) and associates Rebecca Girvan (LO-M&A), Heinz Matysik (LO-EF), Malcolm McKinnon (LO-EF), Will Smith (LO-TX) and Sam Whitaker (LO-ECEB).

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