AlixPartners expanded its Turnaround & Restructuring Services practice via an affiliation with a Caribbean practice. The affiliation, which will operate under the AlixPartners brand, brings a team of five managing directors and 20 staff operating from offices in the Cayman Islands and the British Virgin Islands. The affiliation is effective immediately.

This key addition to AlixPartners expands the firm’s breadth of turnaround, restructuring, financial advisory, litigation support and forensic investigation services throughout the Caribbean. It enables the firm to leverage the region’s strategic importance within the global restructuring and finance markets, working alongside its existing specialist teams in the world’s leading financial centers.

Alastair Beveridge, AlixPartners head of Turnaround and Restructuring in the UK said, “These particular Caribbean jurisdictions are key for any internationally-focused turnaround and restructuring practice. Many of us at AlixPartners have worked with our new colleagues before and we have been impressed by their local market knowledge, technical ability, team ethic and pragmatic approach. Above all else, they are held in extremely high regard by their clients and we know they will be a terrific addition to our global team of professionals.”

Eleanor Fisher, managing director and head of the newly added Caribbean team, said: “We’re delighted to become part of the AlixPartners global team. Operating alongside our new colleagues with such a well-regarded and internationally recognized brand in the restructuring arena will provide a platform for growth as we combine our skills, relationships and experiences.”