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The boss of struggling private equity-backed UK restructuring business Interpath Advisory, which was sold by KPMG in 2021, is set to leave.
Chief executive Blair Nimmo will step down from Interpath in the spring, the company said after being approached by the Financial Times.
Interpath has suffered widening losses since it was offloaded by the Big Four firm to HIG Capital for about 400mn. This is despite a jump in distressed companies hit by rising rates, a main source of its business.
Group losses widened to 10.6mn during the 12 months to March 2023 compared with a 10.2mn loss in 2022, although revenues have jumped by mor…
Read the full article at: https://www.ft.com/content/7c393050-a0af-4f6f-9ec7-2071b2ac433e