Debt advisory – Michael Berry: It’s good to talk

When he set up debt adviser Versatus, ex-Nomura leveraged finance chief Michael Berry joined a growing universe of ex-bankers looking to join in the corporate turnaround and restructuring business. He speaks to Louise Bowman.

NOTHING ENCAPSULATES THE revolution in leveraged finance over the past couple of years more starkly than the re-emergence of the debt adviser. Who needed advice on how to raise debt in the boom years when banks were falling over themselves to lend without covenants, and CLOs and hedge funds were pumping unprecedented liquidity into the loan market? The only advice that many firms needed was how to field the deluge of solicited and unsolicited offers.

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