Duff & Phelps enhances restructuring and dispute offering with acquisition of Zolfo Cooper Asia
Expands Footprint in Greater China Region
Duff & Phelps, the global advisor that protects, restores and maximizes value for clients, today announced the acquisition of Zolfo Cooper Asia, a leading independent provider of restructuring, insolvency, litigation support and forensic accounting services. The combination of Duff & Phelps and Zolfo Cooper Asia strengthens Duff & Phelps’ restructuring and dispute service offerings for clients in the Greater China Region.
Zolfo Cooper Asia has provided independent advice to clients in Hong Kong and mainland China since 2014. Led by Bruno Arboit, the firm has assisted in a number of high-profile insolvency and litigation support cases. Following the acquisition, Arboit will lead Duff & Phelps’ Restructuring and Dispute practices in Greater China, reporting to Paul Clark, Global Head of Restructuring at Duff & Phelps.
Clark commented: “The Zolfo Cooper Asia team brings significant corporate recovery and insolvency experience, including oversight of a number of complex cases in Asia. This builds on our ability to deliver local expertise and geographic reach to serve clients throughout Asia and internationally.”
“Joining Duff & Phelps is a great opportunity for our team to benefit from the firm’s global presence and resources to continue to provide quality services and advice to clients. The Restructuring and Dispute teams at Duff & Phelps are market leaders in the space, and we are delighted to offer our regional expertise to further the expansion of Duff & Phelps’ restructuring and dispute capabilities in Asia,” added Arboit.
James Cook, Managing Director, Restructuring at Duff & Phelps in China, said: “The addition of Zolfo Cooper, together with the recent acquisition of Kroll, greatly enhances our ability to assist companies and their stakeholders to navigate contentious, distressed or challenging situations in Asia and I look forward to working closely with the team.”
Duff & Phelps now has over 300 professionals in the Greater China Region and, with the addition of Zolfo Cooper Asia, the firm’s Restructuring and Dispute practices have more than 1,200 professionals worldwide.