Restructuring firms RSM Restructuring Advisory and Development Specialists formed a strategic alliance and international collaboration to further support their respective clients amid a growing wave of cross-border insolvency and international restructuring projects.
U.K.-based RSM Restructuring Advisory is part of audit, tax and consulting firm RSM UK.
U.S.-based Development Specialists provides management consulting and financial advisory services to companies in need of operational improvements, balance sheet restructuring or turnaround management.
Both firms have agreed to collaborate and augment each respective firm’s services in dealing with transnational cases.
“We’re delighted to announce that we’ll be collaborating with DSI on cross-border projects,” said Graham Bushby, a partner and head of Restructuring Advisory at RSM. “DSI is working on some significant transnational cases and brings a wealth of experience to the arena, which RSM can capably augment in countries outside the U.S. market.”
Bill Brandt, executive chairman of DSI, along with Brad Sharp, its president and CEO, said this alliance should provide a big boost for their firm as bankruptcies and insolvencies are starting to play out on a larger stage.
“Corporations have become interconnected to many countries so that when one part of the business experiences financial problems, the ramifications are far reaching and complex,” said Brandt. “That is why having access to the resources of a group like RSM overseas will greatly enhance our business, and at the same time, they can benefit from our 45 years of restructuring experience in North America.”
“With more and more of our work becoming international, it made a lot of sense to re-establish a presence in Europe where we had operated for many years in the past,” said Sharp. “I look forward to a long and productive relationship with RSM and their team of outstanding restructuring professionals.”
