Simon Cathro launches insolvency & restructuring firm Cathro & Partners
Cathro & Partners, a boutique insolvency and corporate restructuring firm, has opened to help clients create and preserve business value and survive financial distress.
The firm’s founder and Managing Principal is Simon Cathro, an industry expert with more than 25 years of insolvency and corporate restructuring experience. Joining him are key team members, Damien Beven, Kira Yu and Will Evans, with access, when required, to the support of approximately 80 staff through resourcing alliances.
Cathro said he saw an opportunity in the restructuring sector for a firm that specialised in delivering tailored solutions to clients based on achieving the right outcome for their unique situations. “We want to be the firm that does the right thing by solving problems for clients and helping them make decisions that are right for their business, employees and stakeholders,” he noted.
“Our goal is to enable our clients to survive financial difficulty and come out stronger. For businesses where that might not be possible, our clients can trust us to give them expert advice based not only on our extensive experience but a deep understanding of them and their market to ensure they achieve the best outcome possible.”
The Sydney-based firm specialises in restructuring, turnaround, insolvency, safe harbour, secured enforcement services and pre-lending services.
Prior to launching Cathro & Partners, founder Cathro was a partner at Ernst & Young, Deloitte and Worrells where he and his team were involved in recent restructures including Napoleon Perdis, Custom Bus, Foodora and X Blades.
“As Australia emerges from the economic disruption caused by the global pandemic, many businesses will need insolvency and restructuring services to help them navigate their recovery,” Cathro said. “Cathro & Partners will be the firm that has the skillset and focusses on a client’s individual situation to guide them through it and ensure the right outcome is achieved.”
Other home-grown independent players in Australia’s restructuring consulting scene include Jirsch Sutherland, Mackay Goodwin and McGrathNicol. Meanwhile, major consulting firms such as the Big Four, Alvarez & Marsal, Ankura (which recently launched in Australia) and FTI Consulting also have leading turnaround practices.
