What's Happening?
Ankura, a global advisory firm, has launched its Turnaround & Restructuring practice in Germany, expanding its presence in mainland Europe. This move follows Ankura's existing operations in the US, UK, Australia, and the Middle East. The practice offers services such as restructuring advisory, bankruptcy preparation, and debt advisory to corporates and sovereign funds. Led by Jens Nawrath, a Senior Managing Director with over 30 years of experience, the practice aims to guide clients through distressed situations and improve financial performance.
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Why It's Important?
The expansion into Germany marks a strategic growth for Ankura, tapping into a significant European market amid challenging economic and geopolitical conditions. This move enhances Ankura's ability to offer comprehensive restructuring services, addressing the needs of businesses facing financial distress. As global markets face uncertainty, Ankura's expertise in turnaround and restructuring could provide critical support to companies seeking stability and long-term value. The firm's expansion reflects the growing demand for advisory services in navigating complex financial landscapes.
