Delta Alternative Management, a French investment firm and creditor to Abengoa SA, said it’s forming a group of small bondholders to participate in restructuring talks with the Spanish renewable-energy company.
The firm is talking with about six U.S. and U.K. hedge funds and being advised by law firm Brown Rudnick and consultant Talbot Hughes McKillop, according to a statement. It plans to lobby for bondholder rights separately from an existing group of noteholders including BlackRock Inc., Invesco and AIG, that’s advised by Houlihan Lokey Inc.