/raid1/www/Hosts/bankrupt/TCREUR_Public/250107.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
E U R O P E
Tuesday, January 7, 2025, Vol. 26, No. 5
Headlines
S W E D E N
INTRUM AB: Seeks Approval to Hire Porter Hedges as Co-Counsel
INTRUM AB: Seeks to Hire Houlihan Lokey UK as Investment Banker
INTRUM AB: U.S. Court Confirms Chapter 11 Bankruptcy Plan
U N I T E D K I N G D O M
NYOBOLT: Warns It May Run Out of Cash Within Months
QUINTESSENTIALLY: Concierge Firm Reports Loss Despite Cost Cuts
[*] UK Retailers May Cut Thousands of Jobs After Bleak Christmas
X X X X X X X X
FTI CONSULTING: Promotes 22 Professionals to Sr. Managing Director
- - - - -
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S W E D E N
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INTRUM AB: Seeks Approval to Hire Porter Hedges as Co-Counsel
-------------------------------------------------------------
Intrum AB seeks approval from the U.S. Bankruptcy Court for the
Southern District of Texas to hire Porter Hedges LLP as
Co-Counsel.
The firm will render these services:
a. provide legal advice and services regarding local rules,
practices, and procedures;
b. provide certain services in connection with administration
of these chapter 11 cases, including, without limitation,
preparing
agendas, hearing notices, and hearing binders of documents and
pleadings;
c. prepare, review, and comment on proposed drafts of
pleadings to be filed with the Court as bankruptcy co-counsel to
the Debtors;
d. provide legal advice with respect to the Debtors' rights
and duties as debtors in possession and continued business
operations;
e. assist, advise, and represent the Debtors in analyzing the
Debtors' capital structure, investigating the extent and validity
of liens, cash collateral stipulations, or contested matters;
f. assist, advise, and represent the Debtors in any cash
collateral and/or post-petition financing transactions;
g. assist, advise, and represent the Debtors in the
preparation of sale and bid procedures to auction the Debtors'
assets;
h. assist, advise, and represent the Debtors in any manner
relevant to preserving and protecting the Debtors' estates;
i. prepare on behalf of the Debtors all necessary
applications, motions, answers, orders, reports, and other legal
papers;
j. appear in Court and to protect the Debtors' interests
before the Court;
k. perform all other necessary or requested litigation
services;
l. at the request of the Debtors, appear in Court and at any
meeting with the U.S. Trustee and any meeting of creditors at any
given time on behalf of the Debtors as their bankruptcy
co-counsel;
and
m. provide other legal advice and services, as requested by
the Debtors, from time to time.
The firm will be paid at these rates:
Partners $520 to $1,100 per hour
Of Counsel $400 to $1,100 per hour
Associates $420 to $805 per hour
Paralegals $310 to $470 per hour
The firm has agreed to a 12 percent discount of its hourly rates
in
this case.
The firm received a retainer in the amount of $49,991.
The following is provided in response to the request for
additional
information set forth in Paragraph D.1 of the Fee Guidelines:
Question: Did you agree to any variations from, or alternatives
to, your standard or customary billing arrangements for this
engagement?
Response: PH was retained in September 2024 and agreed to a 10%
discount of its standard hourly rates for attorneys and legal
assistants for work performed between the effective date of the
Engagement Letter through the date of filing the initial petition
with the bankruptcy court. The terms of the engagement provided
that upon the filing of a voluntary petition with the bankruptcy
court, the 10% discount expired and PH began billing at its
standard hourly rates for attorneys and legal assistants. PH has
not agreed to any variations from, or alternatives to, its
standard
billing arrangements for the post-petition services.
Question: Do any of the professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?
Response: No.
Question: If you represented the client in the 12 months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments or
discounts offered during the 12 months prepetition. If your
billing
rates and material financial terms have changed post-petition,
explain the difference and the reasons for the difference.
Response: PH was retained in September 2024 and agreed to a 10%
discount of its standard hourly rates for attorneys and legal
assistants for work performed between the effective date of the
Engagement Letter through the date of filing the initial petition
with the bankruptcy court. The terms of the engagement provided
that upon the filing of a voluntary petition with the bankruptcy
court, the 10% discount expired and PH began billing at its
standard hourly rates for attorneys and legal assistants. PH has
not agreed to any variations from, or alternatives to, its
standard
billing arrangements for the post-petition services.
John Higgins, Esq., a partner at Porter Hedges, disclosed in a
court filing that the firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.
The firm can be reached through:
John F. Higgins, Esq.
PORTER HEDGES LLP
1000 Main Street, 36th Floor
Houston TX 77002
Tel: (713) 226-6648
Email: jhiggins@porterhedges.com
About Intrum
Intrum AB is a provider of credit management services with a
presence in 20 markets in Europe. By helping companies to get paid
and supporting people with their late payments, Intrum leads the
way to a sound economy and plays a critical role in society at
large. Intrum has circa 10,000 dedicated professionals who serve
around 80,000 companies across Europe. In 2023, income amounted to
SEK 20.0 billion. Intrum is headquartered in Stockholm, Sweden and
publicly listed on the Nasdaq Stockholm exchange. On the Web:
@ www.intrum.com/
On November 15, 2024, Intrum AB and U.S. affiliate Intrum AB of
Texas LLC each filed a voluntary petition for the relief under
Chapter 11 of the United States Bankruptcy Code in the United
States Bankruptcy Court for the Southern District of Texas (Bankr.
S.D. Tex. Lead Case No. 24-90575) to seek confirmation of their
Prepackaged Reorganization Plan.
The cases are pending before the Honorable Christopher M. Lopez.
Milbank LLP and Porter Hedges LLP are serving as counsel in the
U.S. restructuring. Houlihan Lokey is the advisor to Intrum. Kroll
Issuer Services Limited is the information agent. Kroll
Restructuring Administration is the claims agent. Brunswick Group
is also serving as advisers to Intrum.
Latham & Watkins LLP and Latham & Watkins (London) LLP, and
Advokatfirmaet Schjodt AS, are advising a group of bondholders
holding widely across Intrum AB's notes issuances (the "Notes Ad
Hoc Group"). PJT Partners (UK) Limited is financial advisor to the
noteholder ad hoc group.
Weil Gotshal & Manges LLP is representing a group of short-dated
bondholders holding primarily 2024- and 2025-maturing notes
("Minority Ad Hoc Group").
Ropes & Gray LLP is representing another minority group of
bondholders.
Clifford Chance US LLP is counsel to the group that collectively
holds approximately 76% of the total commitments under the RCF
(the
"RCF Steerco Group").
INTRUM AB: Seeks to Hire Houlihan Lokey UK as Investment Banker
---------------------------------------------------------------
Intrum AB seeks approval from the U.S. Bankruptcy Court for the
Southern District of Texas to hire Houlihan Lokey UK Limited as
financial advisor and investment banker.
The firm's services include:
a. assisting the Client Group with the development,
structuring, negotiation and implementation of any Transaction(s);
b. assisting the Client Group in negotiations with creditors,
prospective lenders or other investors and other persons involved
in any Transaction(s);
c. assisting the Client Group in the development, preparation
and distribution of selected information, documents and other
materials (together, the "Marketing Materials") in an effort to
create interest in and to consummate any Transaction;
d. soliciting and assisting the Client Group in evaluating
indications of interest and proposals regarding any Transaction(s)
from current and/or potential lenders, and/or strategic partners,
provided that this Agreement shall not require Houlihan Lokey to
solicit any formal placing of securities;
e. attending meetings of the Company's Board of Directors and
participating as advisor in negotiations with the Company's
creditors, shareholders and other interested third parties (such
as
prospective investors); and
f. undertaking any other analysis and advisory work as may be
requested from time to time by Counsel on behalf of the Client
Group and agreed in writing between ourselves.
The firm will be compensated as follows:
a. Monthly Retainer: a fee of EUR150,000 per month (or any
part thereof) for the term hereof as from (and including) March 8,
2024, the first payment of which shall be payable within the 20
days following the date on which this Agreement is executed and
receipt of correct invoice ("Monthly Retainers"). Payments
thereafter shall be payable one month in arrears 20 days following
receipt of a correct invoice (it being understood that invoices
may
be rendered 20 days prior to the end of each monthly period such
that such retainers are due and payable on the date which falls
one
month in arrears); plus
B. New Money Fee: upon completion of a Financing, a fee (the
"Financing Fee") equal to 0.75 percent. of the aggregate amount of
'new money' financing legally committed to be provided by
participants therein (irrespective of whether such financing is
fully drawn down at such point in time, whether further drawdown
is
subject to satisfaction of further conditions precedent or whether
Houlihan Lokey introduced the source of such financing). For these
purposes 'new money' financing shall include financing to the
Group
from any source (such as new or existing lenders to the Group) and
including but not limited to where such financing serves to
refinance any of the existing Financial Indebtedness but
excluding,
for the avoidance of doubt, where existing lenders to the Group
effectively 'rollover' their existing exposures whether further to
an exchange offer or otherwise. Such financing may be in any form,
whether debt, equity or hybrid financing; plus
C. Fixed Transaction Fee: upon the completion of a
Transaction
other than solely a Financing, a transaction fee (the "Fixed
Transaction Fee") of EUR6,000,000. Such fee shall be payable once
only hereunder; plus
D. Variable Transaction Fee: upon completion of any
Transaction, a further transaction fee (the "Variable Transaction
Fee") equal to 1 percent of the principal amount (including any
accrued interest and fees) of Financial Indebtedness written-off
or
otherwise discounted further thereto, whether further to
equitisation thereof (in which case 100 percent of such debt so
equitized shall be deemed written-off), repurchase or exchange
offer (in which latter case Houlihan Lokey and the Company shall,
acting reasonably, calculate and agree any discount effectively
realised further to such offer by means of exchange of Financial
Indebtedness for a financial instrument of lower value (and in the
case of any dispute the parties shall ask that an agreed reputable
third party evaluate such amount at the Company's expense). For
the
avoidance of doubt, such exchange offer may be by way of
debt-for-debt, debt-for-asset or other instrument exchange; and
E. Discretionary Fee: upon the completion of a Transaction
and
in addition to other fees payable hereunder, a discretionary fee
of
up to EUR3,000,000 (the "Discretionary Fee"), payment of which
shall be determined at the entire discretion of the Company.
As disclosed in the court filings, Houlihan Lokey is a
"disinterested person" within the meaning of Bankruptcy Code
section 101(14) and does not hold or represent any interest
materially adverse to the Debtors or their estates.
The firm can be reached through:
Manuel Martínez-Fidalgo
Houlihan Lokey UK Limited
One Curzon Street
London, W1J 5HD
United Kingdom
Tel: +44 (0) 20 7747 2763
Fax: +44 (0) 20 7839 5566
About Intrum
Intrum AB is a provider of credit management services with a
presence in 20 markets in Europe. By helping companies to get paid
and supporting people with their late payments, Intrum leads the
way to a sound economy and plas a critical role in society at
large. Intrum has circa 10,000 dedicated professionals who serve
around 80,000 companies across Europe. In 2023, income amounted to
SEK 20.0 billion. Intrum is headquartered in Stockholm, Sweden and
publicly listed on the Nasdaq Stockholm exchange. On the Web:
@ www.intrum.com/
On November 15, 2024, Intrum AB and U.S. affiliate Intrum AB of
Texas LLC each filed a voluntary petition for the relief under
Chapter 11 of the United States Bankruptcy Code in the United
States Bankruptcy Court for the Southern District of Texas (Bankr.
S.D. Tex. Lead Case No. 24-90575) to seek confirmation of their
Prepackaged Reorganization Plan.
The cases are pending before the Honorable Christopher M. Lopez.
Milbank LLP and Porter Hedges LLP are serving as counsel in the
U.S. restructuring. Houlihan Lokey is the advisor to Intrum. Kroll
Issuer Services Limited is the information agent. Kroll
Restructuring Administration is the claims agent. Brunswick Group
is also serving as advisers to Intrum.
Latham & Watkins LLP and Latham & Watkins (London) LLP, and
Advokatfirmaet Schjodt AS, are advising a group of bondholders
holding widely across Intrum AB's notes issuances (the "Notes Ad
Hoc Group"). PJT Partners (UK) Limited is financial advisor to the
noteholder ad hoc group.
Weil Gotshal & Manges LLP is representing a group of short-dated
bondholders holding primarily 2024- and 2025-maturing notes
("Minority Ad Hoc Group").
Ropes & Gray LLP is representing another minority group of
bondholders.
Clifford Chance US LLP is counsel to the group that collectively
holds approximately 76 percent of the total commitments under the
RCF (the "RCF Steerco Group").
INTRUM AB: U.S. Court Confirms Chapter 11 Bankruptcy Plan
---------------------------------------------------------
Dorothy Ma of Bloomberg Law reports that a U.S. bankruptcy judge
has approved Sweden's Intrum AB's debt restructuring plan, despite
objections from a minority of creditors, removing a significant
hurdle for the debt collection company.
"There was no intent to defraud or deliberately harm any specific
creditor group," Judge Christopher Lopez stated on Tuesday,
December 31, 2024, the report cited. "This was a filing made in
good faith."
The decision followed a multi-day hearing in Texas, where
attorneys
for Intrum and opposing creditors debated the legitimacy of the
company's U.S. bankruptcy filing, the report states.
About Intrum AB
Intrum AB is a provider of credit management services with a
presence in 20 markets in Europe. By helping companies to get paid
and supporting people with their late payments, Intrum leads the
way to a sound economy and plays a critical role in society at
large. Intrum has circa 10,000 dedicated professionals who serve
around 80,000 companies across Europe. In 2023, income amounted to
SEK 20.0 billion. Intrum is headquartered in Stockholm, Sweden and
publicly listed on the Nasdaq Stockholm exchange. On the Web:
@ www.intrum.com/
On November 15, 2024, Intrum AB and U.S. affiliate Intrum AB of
Texas LLC each filed a voluntary petition for the relief under
Chapter 11 of the United States Bankruptcy Code in the United
States Bankruptcy Court for the Southern District of Texas (Bankr.
S.D. Tex. Lead Case No. 24-90575) to seek confirmation of their
Prepackaged Reorganization Plan.
The cases are pending before the Honorable Christopher M. Lopez.
Milbank LLP and Porter Hedges LLP are serving as counsel in the
U.S. restructuring. Houlihan Lokey is the advisor to Intrum.
Kroll
Issuer Services Limited is the information agent. Kroll
Restructuring Administration is the claims agent. Brunswick Group
is also serving as advisers to Intrum.
Latham & Watkins LLP and Latham & Watkins (London) LLP, and
Advokatfirmaet Schjodt AS, are advising a group of bondholders
holding widely across Intrum AB's notes issuances (the "Notes Ad
Hoc Group"). PJT Partners (UK) Limited is financial advisor to the
noteholder ad hoc group.
Weil Gotshal & Manges LLP is representing a group of short-dated
bondholders holding primarily 2024- and 2025-maturing notes
("Minority Ad Hoc Group").
Ropes & Gray LLP is representing another minority group of
bondholders.
Clifford Chance US LLP is counsel to the group that collectively
holds 76% of the total commitments under the RCF (the "RCF Steerco
Group").
===========================
U N I T E D K I N G D O M
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NYOBOLT: Warns It May Run Out of Cash Within Months
---------------------------------------------------
The Telegraph reports that Nyobolt, a British company building
electric car batteries that charge in five minutes, has warned it
could run out of cash by March unless it secures new funding.
Nyobolt, which is a spin-off from the University of Cambridge, is
on the hunt for cash after burning through a pot of GBP50 million
raised from investors two years ago, The Telegraph says. It comes
months after the company unveiled a 155-mile electric vehicle that
could charge from 10pc to 80pc in five minutes.
Nyobolt's latest accounts, signed off in November, said the company
made a GBP20 million loss on revenues of GBP67,000 in 2023, The
Telegraph relates. This led to bosses warning that: "In the event
the group is unable to raise funds, the group will run out of funds
[late in the first quarter of 2025]."
However, since the accounts were published, Nyobolt said it had
signed new contacts that would allow it to carry on trading beyond
March, while also claiming the company was on the cusp of new
funding, notes the report.
A spokesman said: "The accounts quoted date back to 2023 and are
not reflective of how far we have come and our position today.
"Since then, Nyobolt has launched new products and revealed a fully
working prototype vehicle demonstrating our ultra-fast charging
battery technology.
"In 2024, Nyobolt started earning revenues from customers and had
contracts valued over $120m (GBP97m). We will be announcing further
contracts in the first quarter of 2025.
"Looking ahead, we continue to raise funds with both current and
strategic investors, with the next round closing imminently, which
will see us through 2025 and into profitability."
According to The Telegraph, Nyobolt has said it is in talks with
eight car manufacturers about using its battery technology in an
electric supercar. The company's technology uses patented compounds
that allow batteries to charge more rapidly than conventional cells
without the risk of overheating.
Nyobolt's major backers include the Vietnamese mining conglomerate
Masan Group, which led a GBP50 million funding round in 2022, notes
The Telegraph.
QUINTESSENTIALLY: Concierge Firm Reports Loss Despite Cost Cuts
---------------------------------------------------------------
The Guardian reports that Quintessentially, the luxury concierge
service for the super-wealthy co-founded by Queen Camilla's nephew
Sir Ben Elliot, has reported a GBP2.1 million loss despite cutting
jobs and buying extra time to repay GBP15 million worth of loans.
The firm, which Elliot founded in 2000, said there was still
"material uncertainty" about the company's ability to operate
beyond the next year if sales slumped or it failed to get fresh
funding, notes The Guardian. It came as the company reported a
GBP2.1 million loss for the year to April 2024.
Accounts filed at Companies House explained that while it had
enough money to continue operating for another 12 months, an
unexpected slump in business and a subsequent lack of emergency
funding could result in its failure. "This creates material
uncertainty that may ultimately cast doubt about the company and
the group's ability to continue as a going concern," it warned,
notes the report.
It was unable to pay dividends to shareholders -- including Elliot
-- "due to accumulated losses", the report says.
Despite the warning, a spokesperson for the company highlighted
that one of the company's main lenders and shareholders had written
a letter of support expressing its confidence in the business, and
had committed to provide future financial backing and an extension
on existing loan terms and facilities, the report relates.
"In addition, the continued growth in revenues, underpinned by new
business wins and a recently implemented significant cost-cutting
programme, is projected to return the group to profitability into
2025," the accounts said, relays The Guardian.
While the company reported a 12% rise in revenues to GBP29.6
million, Quintessentially's bosses said the overall loss reflected
the fact that it had made "significant" investments in the
business, the report relates. That includes a new app, which it
launched at the start of last year. It also embarked on a hiring
spree in an attempt to increase revenues.
But ongoing losses have forced the company to reverse some of that
growth and cut an undisclosed number of jobs, The Guardian notes.
"To address this, the group has gone through a cost-cutting
exercise," the company accounts stated. That included a "review and
renegotiation of operational contracts as well as a focused
headcount reduction programme".
However, the group employed 252 staff at last count, up from 218 a
year earlier, notes the report.
Quintessentially said it was now on track to "trade profitably in
the final six months of the current financial year to 30 April
2025", as it cheered progress on a new joint venture in Saudi
Arabia and renewed corporate contracts with companies including
Mastercard. It is unclear whether that will be enough to cover
GBP15 million worth of loans that are falling due next month, the
report relates.
In September, Quintessentially convinced World Fuel Services, one
of its largest shareholders, to extend the repayment deadline for
two loans, now totalling GBP12 million and GBP3 million, recounts
the report. Those loans are now due to be repaid by 25 February
2025.
The Guardian also said a spokesperson for Quintessentially denied
that the company had had to secure extra time to repay the loan and
that WFS loan had always renewed the facility every year "which is
what the company and its directors expect for this year as well".
Quintessentially has suffered some historic missteps, notes The
Guardian. In its 2019 accounts, Quintessentially admitted to making
GBP7 million worth of accounting errors and paying out GBP1.4
million in unlawful dividends. BDO resigned as auditor in 2023 and
has since been replaced by a smaller accountancy firm, Sopher +
Co., it added.
[*] UK Retailers May Cut Thousands of Jobs After Bleak Christmas
----------------------------------------------------------------
The Guardian reports that Britain's largest retailers are warning
they could be forced to cut thousands of jobs this year as the
industry braces for higher taxes and employment costs after a bleak
Christmas shopping season.
In the latest sign of tough trading conditions on the high street,
figures from the British Retail Consortium (BRC) show sales growth
over the "golden quarter" between October and December came close
to flatlining, notes the report.
The Guardian relates relates that for the three months to December
-- when many retailers make the bulk of their annual profits -- the
BRC said total UK retail sales growth was 0.4% year on year as
shoppers prioritized spending on food and drink over the festive
season. Once inflation was factored in, retail sales by volume slid
over the year.
For 2024 overall, total sales increased by 0.7% from 2023,
highlighting a cautious approach to consumer spending as households
continue to grapple with higher prices after the worst inflation
shock in decades, notes The Guardian.
Separate figures from Barclays show zero growth in consumer card
spending in December, as households cut back on essential items and
pub and restaurant meals in favour of spending on experiences,
relates the report. Helen Dickinson, the chief executive of the
BRC, said retailers were poised for a challenging year as they
faced GBP7 billion of additional costs from tax increases and new
regulations planned by the government, adds the report.
The Guardian says pressure is mounting on Keir Starmer's government
amid signs of a worsening slowdown in the British economy, with
growth on track to have flatlined for the entire second half of
2024. Business leaders have warned that measures in Labour's budget
to increase employer national insurance contributions by GBP25
billion from April and a 6.7% rise in the national minimum wage
will force companies to cut jobs or pass on the higher employment
costs in the form of higher prices.
The report notes that consumer spending has come under pressure
after inflation rocketed to a peak of 11.1% in October 2022 after
the exit from pandemic lockdowns and Russia's invasion of Ukraine
triggered a surge in living costs, leading the Bank of England to
raise interest rates to the highest level in 15 years.
Inflation has fallen back to more normal levels, but is forecast to
remain above the Bank's 2% target until 2027 -- limiting its scope
for rate cuts, The Guardian says. Households have begun to repair
the damage to their finances after a period of wages rising above
inflation, but consumers have maintained a cautious approach to
spending.
Separate figures from the audit firm BDO show retail sales in
discretionary spend categories grew by 2% year on year in the
golden quarter, compared with a fall of 1.6% in the same period in
2023, The Guardian relates. However, it warned much of the increase
was driven by online sales, as high street stores continued to
struggle with sales growth of just 0.1% in the final three months
of the year.
BDO said that bad weather and flooding in parts of the UK may have
driven consumers to shop online, where sales increased by 20.7%.
However, the audit firm warned the struggling performance on the
high street could be compounded by higher employment costs and tax
rises, it added.
Sophie Michael, head of retail and wholesale at BDO, said:
"Businesses are yet to feel the impact of increased wage costs
introduced in the budget which disproportionately impacts
consumer-facing sectors. Recent reports note that 170,000 shop
workers lost their jobs in 2024, with an expectation that this
number will only increase in 2025," relates The Guardian.
===============
X X X X X X X X
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FTI CONSULTING: Promotes 22 Professionals to Sr. Managing Director
------------------------------------------------------------------
FTI Consulting, Inc. on Jan. 2, 2025, announced the promotion of 22
professionals within the firm's Corporate Finance & Restructuring
segment to Senior Managing Director, effective January 1, 2025.
"Our ability to attract and develop top talent is driving growth in
the Corporate Finance & Restructuring segment, making FTI
Consulting the firm to call in any stage of the business
lifecycle," said Michael Eisenband, Global Segment Leader of
Corporate Finance & Restructuring at FTI Consulting. "I
congratulate these leaders and look forward to working side-by-side
as we support our clients, helping them anticipate and navigate
opportunities and challenges, and maximize value."
The Senior Managing Director promotions in the Corporate Finance &
Restructuring segment include:
- Craig Ballard, London
- Matt Bartlett, Chicago
- Kevin Chen, New York
- Mark Davies, London
- Christopher DelGrosso, Wayne
- Joe DeSantis, Atlanta
- Julian Drellmann, Frankfurt
- Rob Fisher, McLean
- Diego Gamboa, Chicago
- Cecily Gooch, Dallas
- Kamran Hamidi, Toronto
- Lewin Higgins-Green, London
- Saskia Hinkenkemper, Amsterdam
- Martijn Hulshof, Amsterdam
- Gil Jones, New York
- Jordan Krasne, New York
- Peter Lammers, Düsseldorf
- Liam Nolan, London
- Eun Oh, New York
- Martin Schneider, Berlin
- Pierre-Jean "PJ" Sebert, London
- Carlos Vidal, Barcelona
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated
to helping organizations manage change, mitigate risk and resolve
disputes: financial, legal, operational, political & regulatory,
reputational and transactional. With more than 8,300 employees
located in 34 countries and territories, FTI Consulting
professionals work closely with clients to anticipate, illuminate
and overcome complex business challenges and make the most of
opportunities. The Company generated $3.49 billion in revenues
during fiscal year 2023. In certain jurisdictions, FTI
Consulting’s services are provided through distinct legal
entities that are separately capitalized and independently managed.
More information can be found at www.fticonsulting.com.
FTI Consulting, Inc.
555 12th Street NW
Washington, DC 20004
+1.202.312.9100
Investor Contact:
Mollie Hawkes
+1.617.747.1791
mollie.hawkes@fticonsulting.com
Media Contact:
Samantha Ford
+1.617.480.7402
samantha.ford@fticonsulting.com
*********
S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter-Europe is a daily newsletter co-
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Marites O. Claro, Rousel Elaine T. Fernandez, Joy A. Agravante,
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Editors.
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