Joint Venture

RNS Number : 4242A

Begbies Traynor Group PLC

08 October 2009

 



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.

 

END

 

 

NRAUUGQGUUPBGQM