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KPMG UK expands special situations and turnaround team

Their primary focus will be on helping to preserve and restore value to organisations that may be facing a period of financial uncertainty.

KPMG UK has announced three new senior appointments, Brian Horn, Chris Coley and Paul Richards, within its deal advisory practice.

The pair will be working within its special situations and turnaround team. Their primary focus will be on helping to preserve and restore value to organisations that may be facing a period of financial uncertainty. 

Horn has joined the firm as a partner, having previously worked for Alix Partners. With over 30 years of management and advisory experience, he has worked with boards and private equity sponsors to develop and implement bespoke plans to preserve and restore value to businesses that were facing both operational and financial challenges.

Coley is joining KPMG as a partner, and has over 16 years of advisory experience having worked for companies and their lenders. Most recently he was at Kroll, where he was a managing director focused on growing the firm’s large corporate and international offering in London. Prior to this, he worked at Ernst and Young and FTI Consulting.

Richards has joined the team as a managing director, previously having been a senior director at Alvarez and Marsal where he advised companies facing operational challenges. Before this, he spent over 13 years at Rothschild and Co, both in the UK and the Middle East, specialising in helping businesses that were facing financial difficulty. 

Liz Claydon, partner and head of deal advisory at KPMG UK, said: “I am thrilled to welcome Brian, Chris and Paul to the team at such a pivotal time, as we continue to drive forward our growth and investment strategy. These hires strengthen our Special Situations Group’s senior platform, and will be instrumental as we build out our offering to companies that may need specialist help.”

David Fletcher, partner and head of special situations and turnaround at KPMG UK, added: “Brian, Chris and Paul will each bring significant but slightly different experiences, and these appointments will constitute a big step forward in delivering KPMG’s strategy to proactively support businesses through the whole economic cycle. 

“By combining this specialist expertise with the depth and breadth of functional and sector capabilities already at KPMG, we are able to help our clients to rise to whatever challenges they might face during times of economic uncertainty. There will be further announcements later this summer as we continue to build out our capabilities in this area.”   

The special situations and turnaround team is embedded within KPMG’s deal advisory practice in the UK, which includes established teams of valuation, mergers and acquisitions, debt advisory and transaction advisory professionals, and the working capital optimisation and business transformation teams. 

The team’s expansion follows on from its formation last year, which saw the appointment of David Fletcher, partner, and Adam Broadbent, managing director.

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