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Independent restructuring and advisory firms BM Advisory and Moorfields Advisory have announced a merger between the firms, in a bid to further their growth plans and “provide a strong all round service proposition to the market across the UK”.
The merged businesses will continue to operate under the Moorfields Advisory brand, bringing together the practices with a shared ethos of partner-led advisory with “exceptional” service. Moorfields added that the merger will strengthen its geographical spread, specialist expertise and breadth of services.
According to the firm, the new combined team of 43, including seven partners and four directors, will “provide an exceptionally strong and varied team with extensive experience and a solid track record of success”.
Some recent successes include Hummingbird Bakery, Toys R Us, Select Fashion, Tough Mudder, Basler, Pretty Green and Hawkins Bazaar.
The enlarged Moorfields business will reportedly be able to draw on the expertise of the wider Beavis Morgan group including ACP Cadence Advisory and BM Structured Finance.
Andy Pear of BM Advisory said: “This is an exciting announcement. Moorfields are well placed in the market and have a strong presence in the retail, property and asset based lending sectors. Their ethos is very similar to ours so we are confident that this merger will help us deliver competitive advantage in the market place.
“Over the next 12 to 24 months we expect to see a number of businesses starting to feel the strain following the loss of Government initiatives put in place during COVID, so this is an opportune time to ensure we have the additional capacity, geographical spread and expertise to assist them.”
Phil Smith of Moorfields added: “On behalf of all the partners at Moorfields, we are delighted to have completed this merger and to see our businesses come together as we share our passion for exceptional service in providing advisory and restructuring solutions. We look forward to developing the practice together, in what could be a challenging period for businesses generally.”
