By Reuters Staff 2 Min Read PARIS (Reuters) – The French government launched on Thursday a new guarantee scheme for quasi-equity debt to help small and mid-sized firms bounce back from the coronavirus crisis. FILE PHOTO: The financial district of La Defense with the Arche and the headquarters of Societe Generale and EDF are seen…
Detailsimage copyrightPremier Newsimage captionIain Gardyne stole more than 200 pieces of equipment from the council A former Dundee City Council supervisor stole smoke alarms and other equipment and sold them to try to pay off a 65,000 gambling debt, a court heard. Iain Gardyne spent almost four years stealing thousands of pounds worth of items…
DetailsLONDON–(BUSINESS WIRE)–H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with over 35 billion of equity capital under management, is pleased to announce that one of its affiliates has signed a definitive agreement to acquire KPMGs UK restructuring business, a leading provider of insolvency, financial restructuring and turnaround services in the UK and globally.…
DetailsBDO Consulting Group announced that Nick Welch recently joined the firms Business Restructuring and Turnaround Services practice as a Director in the firms Miami, Florida office and will primarily cover the Southeast regional markets. Nick, a seasoned financial advisor, has more than 20 years of experience in professional services and has spent the last nine…
DetailsON THE MORNING of November 13th last year Zambias vice-president told parliament, This country will not default. Hours later the inevitable happened. Having destroyed its relationship with the IMF, struggled to provide clear data on its borrowing from China and failed to win a reprieve from bondholders, Zambia missed a deadline to pay interest and…
DetailsCreditors have allegedly been cheated in a complicated scam involving a registered trustee, an insolvency advisor and a bankrupt person. A series of properties were raided across South East Queensland on Wednesday with records seized in relation to suspected fraudulent behaviour. During the bankruptcy, a registered trustee and a pre-insolvency advisor are alleged to have…
DetailsThe world is completely rethinking the assumptions that have been underpinning high-growth companies, and this is having severe implications for their market valuations. The best measure of this change in market sentiment is the performance this month of Tesla and Afterpay. Tesla is the high-growth proxy in the United States, while Afterpay fills a similar…
DetailsKPMG has signed an unconditional agreement to sell its restructuring practice to Interpath Advisory, a newly-formed company backed by private equity firm HIG Europe. The sale will see 22 partners and around 528 staff currently employed in KPMGs restructuring practice transfer to Interpath Advisory, making it the largest independent restructuring and turnaround business in the…
DetailsCreditors have allegedly been cheated in a complicated scam involving a registered trustee, an insolvency advisor and a bankrupt person. A series of properties were raided across South East Queensland on Wednesday with records seized in relation to suspected fraudulent behaviour. During the bankruptcy, a registered trustee and a pre-insolvency advisor are alleged to have…
DetailsA South Australian butcher who could not secure a bank loan to repay a large business debt has escaped jail for money laundering a man’s superannuation funds “in desperation”. Key points: Michael Kevin Cheney admitted knowingly engaging in money laundering The court heard he spent the money to feed his gambling addiction He received a…
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