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MCR acquired by Duff & Phelps 30 October 2011

MCR – which boasts offices in London, Manchester and Birmingham - were today acquired by the US-based firm.

Andrew Stoneman, managing partner at MCR, formed in 2001, said: "All of us at MCR are excited about the prospect of building the business with Duff & Phelps, as this allows us to offer a more dynamic and broader range of services to our clients.  

"It’s an exciting time to take advantage of the synergies between our two like-minded organisations, as restructuring advisory services are needed across the United States and Europe.

"Acting together, we are also well-positioned to assist with cross-border situations and to help clients navigate business environments that span multiple industries, geographies and regulatory systems."

The firm – which focuses on insolvency administration and independent business reviews – earned about £21m in revenue for the 12-month period ending June 30.

The industries served by MCR include property, manufacturing, printing, recruitment, financial services, hotels, leisure and ecommerce.

Noah Gottdiener, chief executive officer at New York-headquartered Duff & Phelps, said: "For more than ten years, MCR has maximised recovery for stakeholders in insolvent businesses by generating innovative solutions to business problems.  

"Our new colleagues bring enormous credibility, strong relationships and impressive scale to a key part of the European market where Duff & Phelps has long been pursuing strategic expansion.

"Further, the MCR team will work collaboratively with Duff & Phelps’ existing team in Europe to deliver a more robust offering of technical expertise and sound advice to clients."

By Andy Pearce

 

 

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