The debt facilities provided by CVC Credit will support Interpath Advisory’s growth strategy and transition to an independent business
CVC Credit is pleased to announce that it has provided senior debt facilities to support H.I.G. Capital’s (“H.I.G.”) acquisition of KPMG’s UK restructuring business, a leading provider of insolvency, financial restructuring and turnaround services in the UK and globally. The business which has been renamed Interpath Advisory (“Interpath”), will use CVC Credit’s investment to fund its transition to an independent business and strengthen its existing capabilities as it continues to grow its advisory offering in the UK and beyond.
Interpath is a leading multidisciplinary practice of over 40 managing directors and more than 525 staff located across the full breadth of the UK. The group advises companies, lenders, equity holders and a wide range of other stakeholders including Government, regulators and pension trustees to navigate through the issues associated with economic disruption and overcome financial and operational challenges.
Neale Broadhead, Partner at CVC Credit, said: “We were pleased to support H.I.G. in their acquisition of Interpath and to provide continuing support to the management team as they embark upon the next stage of their growth at a time when their services will be in great demand.”