Cork Gully expands portfolio with asset management offering

08 June 2023 Consultancy.uk 1 min. read
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London-based financial advisory and restructuring firm Cork Gully has extended its portfolio of services with a new asset management offering.

Originally launched in 1906, Cork Gully is one of the UK’s longest-standing restructuring and insolvency advisory firms. After operating under the Coppers & Lybrand banner for decades, latterly becoming PwC, Cork Gully was bought out of PwC by the current management in 2010.

Fast forward 13 years, and Cork Gully is an internationally operating firm with offices in the United Kingdom, the Channel Islands, Luxembourg, Cayman Islands and New York primarily focused on business transformation, restructuring, and special situations.

Cork Gully expands portfolio with asset management offering

Among the projects Cork Gully has recently worked on include supporting a large investor groups in relation to the failed private equity group, Abraaj, and being appointed as directors of Redcar Bulk Terminal by a syndicate of Thai banks owed in excess of $1 billion.

The consulting firm is now taking its award-winning restructuring expertise into the asset and wealth management space, where the firm aims to support challenged funds with turnaround support.

“We are delighted to be launching the new asset management practice, which will enable us to advise and manage challenged and tail-end funds leveraging our experience in restructuring and special situations,” said Stephen Cork, who is Managing Partner, and great grandson of original company founder William Henry Cork.”

“We specialise in helping funds through a crisis, solving liquidity issues, and resolving disputes. Our team has extensive experience in restructuring and special situations, and we believe that this new service will allow us to offer a highly specialised service to investment managers and investors with us acting as sub-advisors and successor asset managers.”