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On the Move
Two leading turnaround management firms, TRG (The Recovery Group, Inc.) of Boston and CRP (Corporate Revitalization Partners, LLC) of Dallas, have announced that they will merge their organizations into a new firm, CRG Partners, LLC. The firm will be one of the largest providers of turnaround, crisis management, restructuring, performance improvement and asset management services. The two firms, which are of similar size, share a complementary focus in serving distressed and underperforming middle-market companies with an emphasis on operational improvement. The firm will be led by four senior managing partners: T. Scott Avila and William Snyder of CRP and Michael Epstein and Stephen Gray of TRG. It will be headquartered in New York City and have offices in Atlanta; Boston; Charlotte; Chicago; Dallas; Los Angeles; Washington, DC; and Vienna, Austria.
Shearman & Sterling LLP has announced that Pierre-Nicolas Ferrand is joining the firm as a partner in the European Finance Group in the Paris office. He was formerly a partner at Jones Day. Ferrand's practice is focused on banking and structured finance, and debt restructuring and insolvency related matters for French and international financial institutions and investors.
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