From Chaos to Control: Effective Cash Flow Management
Monitoring, analysing, and optimising the inflow and outflow of cash within a business is a vital component of any turnaround. It involves effectively...
From Chaos to Control: Effective Cash Flow Management
Monitoring, analysing, and optimising the inflow and outflow of cash within a business is a vital component of any turnaround. It involves effectively...
Managing a Crisis: During Times of Significant Financial or Operational Distress
Strategic and operational changes need to be implemented by businesses during times of significant financial or operational distress...
How to Value Distressed Companies
Valuing distressed companies can be challenging due to the unique circumstances they face. Traditional valuation methods may not...
Role of Private Credit in Shaping the Economy
Private credit has been experiencing significant growth, now exceeding £100 billion in the UK and this trend...
Corporate Simplification: Unlocking Efficiency, Reducing Risk, and Driving Growth – Podcast
As businesses grow, their corporate structures can become complex and inefficient...
Developing a Tailored Wind Down Plan
A wind down plan, outlines the steps and considerations involved in closing down a business or terminating operations...
Appointment of Administrators to Eagle Football Holdings Bidco Limited
Appointment of Administrators to Eagle Football Holdings Bidco Limited
Benefits of trading a Company in Administration
When a company is in administration, trading activities can still continue under the control and supervision of the administrator...
Cork Gully Strengthens Private Credit offering with appointment of Michiel Boorsma
We're pleased to announce the appointment of Michiel Boorsma as Partner...
Managing Risk with Special Purpose Vehicles
Special Purpose Vehicles (SPVs) are commonly used in various industries and financial transactions to achieve specific objectives...
Cork Gully Takes the Lead on Managed Exits
Rather than selling troubled positions at heavy discounts in the secondaries market, LPs should consider bringing in outside support to agitate for a successful wind...
Finding the Path to Financial Recovery: Informal Workout Strategies
Steps for an informal workout can be followed by businesses facing financial distress or challenges, without involving a formal...
Accelerated Mergers and Acquisitions (“M&A”)
Accelerated M&A, also known as accelerated mergers and acquisitions, commonly refers to a strategic approach where companies expedite...
Warning for Key Acquisitions and Disposals!
The Act provides for two separate regimes, namely: mandatory and voluntary notification. A mandatory notification...
Webinar – Navigating the Future of Insolvency in the Crypto Era: Insights from Cork Gully’s Expert
The rapid evolution of blockchain technology and the widespread adoption of cryptocurrency have introduced a range of complexities to the field of insolvency...
Cork Gully Achieves Rapid Crypto Asset Recovery and Distribution in Yield App Liquidation
Cork Gully is pleased to announce significant progress in the liquidation of Yield App, a Seychelles-based...
Cork Gully Appoints Nirmal Heeralall and Mitesh Hassamal as Partners
Based in Mauritius, they bring extensive experience in restructuring, insolvency, and special situations...
Appointing a Receiver Over Shares in a Company
Receivership of shares in a company involves the appointment of a receiver to oversee and manage a company’s shares on behalf of its secured...
Role and Interaction of Ad Hoc Committees with Security Trustees
The dynamics between an ad hoc committee and the security trustee can be nuanced, influenced by various factors, including the change...
Mitigating Bond Trustee Conflict Risk
For financial services professionals, it’s essential to understand the various conflict of interest risks that can arise in bond trustee arrangements...
Transforming Troubled Businesses: Role of CROs in Turnaround and Restructuring
Chief Restructuring Officers (CROs) tend to be appointed by companies in financial distress or undergoing significant operational changes...
Embedded Workout Teams for Private Credit funds
As the private credit market transitions into a more challenging phase, direct lenders are increasingly faced with stressed or distressed...
Use of Liquidating Trusts to Return Value to Investors?
Liquidating trusts are used to wind down or terminate a trust and distribute the remaining assets to beneficiaries...
LP Involvement: Finding the Right Approach to Protect Value
When it comes to private funds (either private equity or private credit strategies), the investors, more commonly known as the...
Cork Gully Rescues ReNeuron Group as a Going Concern
Cork Gully is pleased to announce the successful exit from Administration of the ReNeuron group, a UK based leader in stem cell...
Cork Gully expands debt restructuring, capital raising and M&A services
Cork Gully, a leading financial advisory firm specialising in restructuring and strategic solutions, is proud...
Sanctions Relating to Russia and the Use of Court-Appointed Receivers
The UK sanctions regime in relation to Russia comprises: (1) The Sanctions and Anti-Money Laundering Act...
Appointing a Receiver Over Shares in a Company
Receivership of shares in a company involves the appointment of a receiver to oversee and manage a company’s shares on behalf of its secured...
Dealing with Misappropriation of Assets by Fund Managers
Misappropriation of assets by a fund manager occurs when they take or use the fund’s assets for their own personal gain, without authorisation...
Risk Management for AIFM Platforms
Alternative Investment Fund Managers (AIFMs) are subject to various risks, both internal and external, which can impact their platforms...
Replacing an Asset Manager
Investors may consider replacing an asset manager for several reasons, including poor performance, a change in investment objectives...
Why Secondaries Alone Are Not Enough: Our Approach to Value Recovery
The growth of the secondary market has been a welcome development for LPs seeking liquidity...
Steps to Be Taken to Wind Down a Fund
A wind-down plan for a fund outlines the steps that the fund manager will take to wind down the fund’s operations...
Strategies for Unlocking Value in Investment Portfolios
GP-led secondaries refer to a type of secondary transaction in which the general partner (GP) of a...
Evaluating GP Performance: Warning Signs and Proactive Solutions
General Partners (GPs) play a critical role in the success of private capital funds. They are responsible for...
LP Involvement: Finding the Right Approach to Protect Value
When it comes to private funds (either private equity or private credit strategies), the investors, more commonly known...
The Abraaj Group
Cork Gully was engaged by one of the largest investor groups in connection with the collapse of the Abraaj Group, to represent and pursue the interests of...
Managing Funds That Miss Their Investment Objectives
When a fund fails to meet its investment objectives, it can be a frustrating experience for investors who have...
Overcoming Challenges in the Sale of Illiquid Assets
Illiquid assets such as real estate, private equity, and venture capital investments can be challenging to sell...
Understanding the Role of a Fiduciary in Fund Management
A fiduciary is a person or entity that has a legal and ethical obligation to act in the best interests of another party...
Key findings from our LP End-of-life Fund Survey
Recent industry discussions have focused heavily on fundraising, liquidity and the evolution of private markets...
African PE at a Crossroads: Managed Solutions for End-of-Life Vehicles
Africa’s private equity industry is at a pivotal moment. Many first and second-generation funds sponsored...
Acquisition of GP Stakes by Cork Gully Asset Managers
Private equity funds often face challenges such as illiquid portfolios or a misalignment of incentives between General Partners...
Navigating Illiquidity: Options for LPs
Liquidity solutions can be helpful in providing assistance to investors who need to dispose of distressed or illiquid assets...
Stephen Cork
Managing Partner
Stephen Cork
Managing Partner
As a leading international financial centre and a key gateway for investment into Africa and India, Mauritius continues to play an increasingly important role in complex cross-border investment structures. The appointments reflect growing demand for experienced advisers able to navigate financially stressed and multi-jurisdictional situations.
Cork Gully Managing Partner Stephen Cork said: “Our focus is on helping clients navigate financially stressed situations, often involving multiple stakeholders, jurisdictions and regulatory frameworks. Mauritius occupies a pivotal position in many international investment structures, particularly those involving Africa and India. Nirmal and Mitesh combine deep local market knowledge with extensive international experience advising on restructuring, insolvency, and special situations. Their appointments significantly strengthen our ability to deliver independent, partner-led advice to clients across Mauritius, Africa and international markets.”
Nirmal joins Cork Gully with more than 25 years’ experience advising on restructuring, insolvency, and recovery matters in Mauritius. He has led numerous significant restructuring and insolvency assignments and advised many of the country’s leading financial institutions, including its largest commercial bank, on distressed exposures across sectors including manufacturing, shipping, retail, hospitality, and real estate.
Nirmal said: “Mauritius continues to develop as an important international financial centre, and there is increasing demand for experienced restructuring advisers, particularly where businesses, stakeholders and assets span multiple jurisdictions. Cork Gully’s independent, commercially focused approach and international platform made it a compelling opportunity to join the firm.”
Mitesh brings more than 20 years’ experience advising financial institutions, investment managers and alternative asset managers on strategic transactions and capital raising. He has held senior roles at UBS, Credit Suisse and Truist Financial, before founding Redwood Finance.
Mitesh said: “Clients facing financial stress require clear, commercially focused advice delivered by experienced practitioners. Cork Gully has an excellent reputation for providing independent, senior-led advice in complex situations, and I am delighted to be joining the firm as it continues to expand internationally.”
These appointments reflect Cork Gully’s continued investment in its international restructuring, insolvency, and special situations platform. They follow a series of strategic partner appointments and geographic expansion, including the firm’s recent growth in the DACH region, further enhancing its ability to advise clients on complex cross-border restructurings and other special situations.
Whether you are looking to hire Cork Gully, considering partnership opportunities or seeking an expert opinion please call us or send an email