The UK's largest buyout restructuring is reaching an important deadline on May 5, as debt-laden healthcare group Four Seasons comes under further pressure to find a buyer, agree to a restructuring or face administration.

The restructuring of Four Seasons' £1.6bn (€1.8bn) debt load has lasted nearly a year. The May deadline will be the company's fourth standstill agreement - a period where lenders agree to waive debt payments to allow a distressed company to continue running.