Financial News

Duff & Phelps acquires RSM Farrell Grant Sparks’ restructuring and insolvency division

By Business & Finance
10 July 2014

Duff & Phelps Corporation, the premier global valuation and corporate finance advisor, today announced that the firm has acquired the restructuring and insolvency division of RSM Farrell Grant Sparks (FGS), located in the Republic of Ireland.

The restructuring and insolvency division of RSM FGS is a leading advisor with a reputation for providing a broad array of high quality turnaround, corporate recovery and property asset management services to local, regional and global businesses throughout Ireland and internationally.

The transaction, terms of which were not disclosed, expands Duff & Phelps’ global restructuring advisory practice to include more than 200 professionals across Europe, the US and Canada. RSM FGS restructuring and insolvency partners, Declan Taite, Pearse Farrell and Anne O’Dwyer will lead Duff & Phelps’ restructuring practice in Ireland while supporting client access to Duff & Phelps’ broader services platform.

“The addition of 56 restructuring and insolvency professionals from RSM FGS formalises Duff & Phelps’ presence in the Republic of Ireland and builds on our ability to deliver local expertise and geographic reach to our clients throughout Ireland and internationally,” noted Paul Clark, co-head of Duff & Phelps’ UK restructuring practice. “The RSM FGS team brings significant restructuring and property asset management experience, including oversight of some of the most complex cases in Ireland. We are pleased to have them as part of our global restructuring advisory practice.”

RSM FGS’ restructuring and insolvency division is one of the largest dedicated restructuring and insolvency teams operating in the Republic of Ireland. The division currently offers corporate restructuring, corporate insolvency, property asset management, forensic and asset tracing and personal restructuring services and has particular expertise in real estate, construction and development, hospitality and retail sectors, among others.

“On behalf of the restructuring and insolvency partners and staff at RSM FGS, we are very pleased to join the global restructuring practice at Duff & Phelps,” added Declan Taite, restructuring and insolvency partner at RSM FGS.  “We are confident that Duff & Phelps’ broader resources and diversified capabilities will benefit many of our existing clients and, likewise, we believe that our technical expertise, strong local reputation and deep knowledge of the restructuring landscape will help Duff & Phelps grow throughout Ireland and internationally.”