KPMG 海角视频's former restructuring arm is targeting acquisitions after being relaunched following its £400m sale.
Interpath Advisory has been unveiled after the completion of its sale to H.I.G. Europe, the European affiliate of H.I.G. Capital, LLC, and Interpath’s managing directors.
The firm has 43 managing directors and approximately 507 staff located across the 海角视频.
In recent years, its people have led on high-profile engagements including the administration of intu properties, the liquidation of Thomas Cook’s retail division and the administration of Monarch Airlines.
Blair Nimmo, Mark Raddan and Will Wright have been appointed to the board of Interpath Advisory, having collectively led this transaction for over 10 months.
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John Connolly, former chief executive of Deloitte 海角视频 and chairman of the Deloitte global board of directors, has been appointed chairman of Interpath.
Mr Connolly has chaired a number of PE backed companies and currently chairs G4S plc and previously chaired AMEC Foster Wheeler plc.
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Mr Nimmo said: "This is a significant day for our business, and comes at a time when business leaders, boards and stakeholders are grappling with a myriad of issues, from overcoming financial and operational stress and distress, to recovering and protecting value.
"As an independent, conflict-free business with an experienced team at the helm, we will have the freedom to anticipate and react to the challenges faced by our clients with even greater agility.
"We’ve already had an overwhelmingly positive reaction to news of our sale from our clients and our people, and we are looking forward to hitting the ground running."
Mr Wright added: "Our vision for Interpath is to build upon our proud heritage and strong 海角视频 footprint, and expand both the portfolio of services that we offer and the markets that we serve to become a truly international advisory business.
"We also want to ensure this remains an inclusive and forward-thinking place where we can attract and retain the very best talent, and where our people can thrive and develop fulfilling careers."
Mr Raddan said: "We would like to thank KPMG for their full support throughout this transaction, and we part as firm friends.
"Moving forward with H.I.G.’s backing and our team of extraordinary people, we’re looking forward to continuing to help organisations large and small navigate the challenges ahead and ultimately, help them find their right path."
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Nishant Nayyar, managing director at H.I.G. Europe, added: "We are excited about today's launch of Interpath Advisory as an independent business.
"We are impressed by the professionalism and expertise of the Interpath management team and fully support their vision of building the premier independent restructuring advisory business in the 海角视频 and beyond.
"We are proud to partner with Blair, Mark, Will and the entire team and look forward to supporting Interpath's continued growth while maintaining its unique and distinct culture."
Mr Connolly said: "In the highly complex markets which will face many companies in the years ahead Interpath is strongly positioned to support businesses with its broad range of skills and deep experience.
"The team are highly motivated to build the business as an independent company creating a position of distinction in its chosen markets."