BusinessBusiness RecoverySmith & Williamson expands its restructuring and recovery into US

Smith & Williamson expands its restructuring and recovery into US

UK recovery firm signs up to joint venture to extend its North American presence

Restructuring and recovery specialists,
Smith & Williamson has
tied up with US turnaround firm CRG Partners in a joint North American and
Central European venture.

CRG Partners has eight offices in the US, including New York, Boston, Los
Angeles, Dallas, Chicago, Atlanta, and Bethesda. Smith & Williamson operates
from ten key UK locations with new offices in the British Virgin Islands and the
Cayman Islands. Its clients include leading European banks, overseas financial
institutions and corporates with the asset value of the assignments up to £16bn.

‘Through CRG Partners, Smith & Williamson will substantially increase its

access to North American resources. This will further our ability to serve

our clients with a broader array of consulting services,’ said Stephen Cork,
head of restructuring and recovery at Smith & Williamson.

Likewise CRG Partners will be able to extend its activities into Eastern
Europe through the venture building on its existing presence in Vienna where it
already has an office.

Smith & Williamson and CRG Partners both focus on developing and
implementing operational and financial initiatives to maximise the value of
under-performing companies.

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