Insolvency outfit Mackay Goodwin expands into corporate advisory

18 April 2021 2 min. read

Insolvency and restructuring consultancy Mackay Goodwin has broadened its service portfolio to include corporate advisory, with Covid-19 having presented unique challenges for clients.

Mackay Goodwin’s expansion into corporate advisory services is overseen by Anthony Lucic and Michael Bogue, who have both been brought in to lead the new division. The firm cited the economic impacts of the Covid-19 pandemic on businesses as the among the motivating factors for the move into corporate advice, allowing Mackay Goodwin greater flexibility in serving clients in relation to restructuring and strategy.

“Mackay Goodwin has always specialised in helping businesses recover from economic challenges,” said CEO Domenic Calabretta. “Over the last year, it has become very apparent there are also some fantastic organisations which require specialist corporate advice about the most suitable business structure, growing their operations organically, how to secure funding or attract new investors, and how to execute mergers and acquisitions.”

Insolvency outfit Mackay Goodwin expands into corporate advisory

Founded by former Hall Chadwick partner Calabretta in 2014, Mackay Goodwin has grown at a considerable pace since, with offices in each of the mainland capital cities and ten locations in total across the country. The company has around three dozen insolvency experts and analysts listed on LinkedIn, including new recruits Michael Bogue and Anthony Lucic, who have been appointed as Joint Heads of Advisory to drive the setup.

Together the pair bring close to four decades of diverse experience in mergers & acquisitions, investment banking, and private and governmental advisory. Lucic has worked with a variety of public institutions and Fortune 500 companies, while Bogue brings a background in resources sector banking and M&A, including as Asia-Pacific co-head of mining and metals for JPMorgan Chase. Both the consulting firm after a period of independent consultancy.

“We are thrilled to have two such strong candidates to launch our advisory business, especially as their combined skill-set allows them to work across all business sizes, geographies and industries,” Calabretta said, adding that aiding businesses with set-up and structure and in securing finance will be critical for Australia’s economic growth. “The team is passionate about helping entrepreneurs and corporates to meet their business objectives and prosper in these challenging times.

As might be expected, Mackay Goodwin has had a busy past year, appointed administrators for JMW Travel among others.

To help businesses of all shapes and sizes navigate tricky times and get ahead of any solvency issues before it’s too late, the firm has devised a freely-available Health Check tool. The comprehensive assessment aims to “highlight areas that could use additional focus for companies to improve their profitability and their ability to weather crises.”