Mr. Johnston brings 17 years of restructuring experience and specialises in advising lenders and borrowers in stressed and distressed situations. He focuses on complex transactions in both listed and privately owned businesses.
Prior to joining A&M, Mr. Johnston spent eight years in the Financial Restructuring team at KPMG and also completed a 12-month engagement with the work-out team of a major international clearing bank. In his career to date, Mr. Johnston has played a key role in a number of European and U.K. restructurings where his ability to identify critical business issues (financial and operational), analyse options and marshal stakeholders has been fundamental to delivering solutions.
Mr. Johnston has experience across a number of different sectors and jurisdictions, including oil and gas, infrastructure and business service outsourcing, power, manufacturing and telecommunications.
Mr. Johnston has recently advised the senior lenders of a publicly owned U.K. continental shelf oil and gas exploration and production company on the options for a restructuring of their debt. This involved a full business review and extensive options analysis, which resulted in an equity raise and debt restructuring (senior and junior), providing the company with a stable and sustainable capital structure and greater liquidity.
Mr. Johnston has also supported lenders of a privately owned U.K. oil and gas exploration and production company on the options for a financial restructuring of their debt that resulted in the sale of the group's key entities and assets. He advised the restructuring lenders of a European manufacturing group on their options for the financial restructuring of the group's debt following a full financial and operational review, which resulted in the sale of the business to a third party. He also advised the steering committee and restructuring lenders of a European manufacturing group on their options for the financial restructuring of the group's debt. This led to the lenders taking control through a debt for equity swap.
Mr. Johnston is a fellow of the Association of Chartered Certified Accountants and earned a Master of Arts degree from Aberdeen University.