Gazelle Corporate Finance, a leading, independent, London-based merger and acquisition adviser has scooped up Deutsche Bank's mid-market debt restructuring advisory team headed by Deutsche managing director Peter Collini.
The move into debt advisory business comes as Gazelle, run by former ex-Deutsche Morgan Grenfell corporate financiers Simon Willes and Paul Cahill, takes a step to grow as an independent corporate finance business providing a range of specialist niche advisory services.
Mr Willes sees debt restructuring as a complementary activity to its existing corporate disposal business. "The two fit together well as a wrap-around service for companies in difficulty," he said. Looking ahead, he expects the corporate sector to continue to face a difficult environment.
Mr Collini, who joins the Gazelle board, said: "We leave Deutsche Bank on the best of terms and with the expectations of maintaining a collaborative working relationship."
