FRP Advisory reports dip in insolvency jobs as government measures stave off corporate collapses – City A.M.

FRP Advisory reported a drop off in restructuring appointments in the last financial year as government financial aid protected many businesses from collapse during the Covid pandemic. The professional services firm, which plans to pay a dividend for the year, said the number of insolvency appointments it secured in the last 12 months was down…

Fund unleashes resources to finance European recovery – EURACTIV

The EUs recovery fund and private investors will push investment to a level not seen for more than a decade, but the risk of corporate insolvencies could hamper the European economy take-off. According to the European Commissions economic forecast published on Wednesday (13 May), the improved economic outlook, favourable financing conditions, and recovering corporate profitability…

News in Turnaround, Restructuring and Insolvency (TRI) – KPMG completes sale of restructuring business – Credit Strategy

The business has been sold to H.I.G. Europe, the European affiliate of H.I.G. Capital, a global investment firm and Interpaths managing directors. The completion of the sale, which sees circa 528 staff and 22 partners transferring to the new business, means that Interpath has now launched as an independent restructuring and turnaround business. Jon Holt,…