KPMG has become the latest Big Four accountancy firm to sell off its restructuring business, agreeing a 400m deal for the UK unit with private equity firm HIG Capital. The business, which has 22 partners and 528 staff, will be renamed Interpath Advisory and run by KPMG partners Blair Nimmo, Will Wright and Mark Raddan,…
BDO Consulting Group announced that Nick Welch recently joined the firms Business Restructuring and Turnaround Services practice as a Director in the firms Miami, Florida office and will primarily cover the Southeast regional markets. Nick, a seasoned financial advisor, has more than 20 years of experience in professional services and has spent the last nine…
LONDON–(BUSINESS WIRE)–H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with over 35 billion of equity capital under management, is pleased to announce that one of its affiliates has signed a definitive agreement to acquire KPMGs UK restructuring business, a leading provider of insolvency, financial restructuring and turnaround services in the UK and globally.…
KPMG has signed an unconditional agreement to sell its restructuring practice to Interpath Advisory, a newly-formed company backed by private equity firm HIG Europe. The sale will see 22 partners and around 528 staff currently employed in KPMGs restructuring practice transfer to Interpath Advisory, making it the largest independent restructuring and turnaround business in the…
The country’s loan restructuring program has reached nearly Rp 1 quadrillion (US$70.5billion) as borrowers reel from economic downturn during the pandemic. The Financial Services Authority (OJK) reported Friday the amount of restructured loans was recorded at Rp 987.48 trillion as of Feb. 8, involving 101 banks. Some 39.3 percent are from 6.15 million small business…
The big four accountancy firm KPMG will on Wednesday announce the 400m sale of its UK restructuring arm, marking a further step in the professions preparation for tough new audit regulation. Sky News has learnt that the new standalone company, which will comprise approximately 500 people, will be renamed Interpath Advisory. Backed by HIG Europe,…
LAS VEGAS & TORONTO–(BUSINESS WIRE)–Flower One Holdings Inc. (Flower One or the Company) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator and producer in Nevada, today announces its intention to consummate a proposed restructuring transaction involving the convertible debentures (the March Debentures) issued by Flower One pursuant to the debenture indenture dated March…
Credit Suisse is understood to be concerned about the rising level of noise surrounding Greensill over the past two years and its fiduciary duty to investors. This includes Greensills financial exposure to British billionaire Sanjeev Guptas GFG Alliance, which owns steel, aluminium and iron ore mining businesses, and operates the Whyalla steelworks in South Australia.…
One of the most unfortunate outcomes of the pandemic is that many businesses who started 2020 confident about their prospects could never have imagined confronting challenges that have put many of them right on the edge. The Governments COVID Safe Harbour laws kept many businesses in play last year, but these safeguards are no longer…
The final lessor creditor under Malaysia Airlines scheme of arrangement has given consent to that scheme as well as the carriers wider restructuring after previously facing challenges getting approval from its financiers. Justice Richard Snowdon, a judge at the High Court of England and Wales, said in a judgement dated 23 February that he received…