This site uses cookies; by continuing to use our site you agree to our use of cookies. More details in our privacy policy. Close

 

 

AlixPartners completes Zolfo Cooper acquisition 6 March 2015

Advisory specialist AlixPartners has completed the acquisition of insolvency and accountancy firm Zolfo Cooper, in a deal thought to be worth up to £65m.

The deal means that Zolfo Cooper Europe’s full operation of around 200 senior professionals, including 19 managing directors, will join AlixPartners. The new firm will have around 600 staff.

The transaction involves only Zolfo Cooper Europe; Zolfo’s operations in the Caribbean, Hong Kong and the USA remain independent entities. Zolfo Cooper Europe will rebrand as AlixPartners.

Fred Crawford, chief executive of AlixPartners, said: “The mutual attraction between our firms is based on similarities in culture and commitment, and a common ethos to answer to our clients’ most urgent challenges, finding solutions where none seem to exist.

“Together, we offer a powerful suite of services to companies that need quick results to protect, preserve, and grow shareholder value.”

Simon Freakley, previously chief executive of Zolfo Cooper Europe, said: “At a time when many companies are facing a challenging future, bringing together Zolfo Cooper Europe and AlixPartners is great news for our clients.

“This will create the largest turnaround and restructuring group in Europe, and expanding the accessibility of our services across the UK to help clients solve their most critical problems.”

Eversheds, Gibson, Dunn & Crutcher and Olswang provided legal advice to AlixPartners. Macfarlanes advised Zolfo Cooper Europe.

By Marcel LeGouais

See also:

 

 

blog comments powered by Disqus