Close Brothers to advise distressed companies

Close Brothers Corporate Finance (CBCF), a subsidiary of Close Brothers Group, has launched a corporate restructuring group to provide advice to distressed companies.

The new service will offer strategic M&A advice on corporate restructuring, capital markets and debt related issues to under-performing or distressed companies. It will also work with banking syndicates, bond holders and venture capitalists.

The group will draw on CBSF’s M&A experience and its debt advisory group. It will also work closely with strategic partner Houlihan Lokey Howard & Zukin (HLHZ), a Los Angeles-based investment bank.

Richard Grainger, who will lead the corporate restructuring group, said: “As European capital markets become more complex, we expect US-style restructuring advice combined with practical experience of European markets issues to be highly sought after.”