Kroll expands restructuring business in France, Germany

By Jeff Pines

Washington, June 8 - Kroll Inc. is increasing its restructuring presence in France and Germany. The New York-based global risk consulting firm said it hired all of KPMG's corporate recovery practice in France and established an alliance with Germany's Thierhoff, Illy & Partner.

"The addition of these two teams to our European network significantly strengthens Kroll's ability to support U.K. and U.S. investors in Europe, enabling us to offer clients a complete spectrum of professional advice and solutions to complex corporate problems," said Simon Freakley, global head of Kroll's Corporate Advisory & Restructuring Group, in a news release.

"It is clear that our independence from audit and tax practices, which significantly reduces the risk of conflict, is increasingly desirable to clients," he added.

The French group is led by Nicolas de Germay, previously the head of KPMG's Corporate Recovery practice in France, and Emmanuell Bonnaud. They have a staff of 20 based in Paris.

Thierhoff, Illy & Partner was recently founded by Michael Thierhoff, Thomas Illy, Renate Muller, Astrid Nestler, and Axel Roth, all of whom were most recently partners at Haarmann Hemmelrath. Thierhoff and Illy's previous experience included many years of service at Arthur Andersen. They lead a team of 25 operating from offices in Frankfurt/Main and Leipzig.

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