PricewaterhouseCoopers forms corporate advisory, restructuring business

By Caroline Salls

Pittsburgh, Sept. 12 - PricewaterhouseCoopers LLP said it formally launched PricewaterhouseCoopers Corporate Advisory & Restructuring LLC, a new business providing integrated financial, transactional and operational services to underperforming and distressed companies.

According to a company news release, the new business will address the increasing demand for a suite of financial, transactional and operational services that clients need to implement the types of changes that lead to a sustained recovery.

Peter Spratt will be president of the new company and head of PricewaterhouseCooper's global restructuring practice.

Senior restructuring adviser Tom Sperry has joined PricewaterhouseCoopers Corporate Advisory & Restructuring's leadership team as U.S. market leader. Sperry most recently started and ran a restructuring advisory practice for middle market mergers and acquisitions firm Goldsmith Agio Helms. He was a former managing director at UBS Warburg, where he founded and headed its restructuring group.

Sperry has an extensive background in helping underperforming and insolvent multinational and middle market companies restructure billions of dollars in liabilities in the United States and other countries and has worked as an adviser and investment banker for public and private companies in many of the largest out-of-court and Chapter 11 cases, according to the release.

PricewaterhouseCoopers is a New York-based provider of industry-focused assurance, tax and advisory services.

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