Last checked at 8 Oct 2009 07:00
8 October 2009
Begbies Traynor Group plc
Begbies Traynor Group plc, the specialist professional services organisation, and Mesirow Financial Consulting, LLC ("MFC"), a full-service financial advisory consulting provider based in the United States, are today announcing a joint venture - to be named BTG Mesirow Financial Consulting - which becomes one of the largest insolvency and restructuring practitioners in the world.
BTG Mesirow Financial Consulting will:
Offer underperforming and distressed companies access to a broad range of industry knowledge and large case experience
Support multi-national assignments with a global network of professionals
Ensure fast mobilisation of the right resources with understanding of the nuances and issues in specific markets; regulatory climate and multi jurisdictional cases
Ric Traynor, Executive Chairman, Begbies Traynor Group plc commented:
"MFC provides a range of services that fits closely with our own offering, and this joint venture will give us an excellent opportunity to raise our profile in the commercially important U.S. market, something which we have aspired to for some time. I am confident that the arrangement will provide excellent opportunities to work on global transactions, in the increasingly international professional services market."
Ralph S. Tuliano, Mesirow Financial Consulting president and executive managing director, added:
"This venture is clear acknowledgement of today's global environment. Many large recovery and restructuring cases in the United States have international components, from valuation services to asset tracing. Advising clients every day in multiple geographies has become increasingly important."
Enquiries please contact:
| Begbies Traynor Group PLC | 0161 837 1700 |
| Ric Traynor, Executive Chairman John Gittins, Chief Financial Officer | |
| Shore Capital & Corporate Ltd | 020 7408 4090 |
| Guy Peters | |
| Smithfield | 020 7360 4900 |
| Reg Hoare / Will Henderson |
Information on Begbies Traynor Group can be accessed via the Group's website at www.begbies-traynorgroup.com
For more information about Mesirow Financial Consulting, please visit: www.mesirowfinancial.com/mfc
Begbies Traynor Group plc and Mesirow Financial Consulting LLC will of-course continue to operate independently from each other under their respective public and private ownership structures.