Duff & Phelps Corporation, an independent financial advisory and investment banking services firm, announced on Oct. 31 that it has acquired MCR, a U.K.-based corporate restructuring and turnaround firm focused on insolvency administration and independent business reviews. The acquisition significantly expands Duff & Phelps’ presence in Europe and enhances the firm’s Global Restructuring Advisory practice.
Since 2001, MCR has worked with clients to restructure businesses and find turnaround solutions, often in the most complex situations. The MCR team, which operates out of offices in London, Manchester and Birmingham in the UK, also provides a broad range of business consulting and debt advisory services, with particular emphases on insolvency administration and independent business reviews. Industries served include property, manufacturing, printing, recruitment, financial services, hotels, leisure, ecommerce, automotive, telecommunications, music, entertainment and construction.
