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Sunday, November 8, 
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Credit Suisse forms restructuring division

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buildingblocks.gifCall it a sign of the times or just opportune. Credit Suisse Group has established a brand-spanking-new restructuring division to provide advice to private equity firms in Europe, the Middle East and Africa, according to a report by the Financial Times.



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The bank apparently got a large number of requests from clients to form a restructuring advisory, not to mention European companies could face about $200 billion of debt due this year, according to Standard & Poor's.

Marisa Drew, co-head of the bank's global markets solutions group in Europe, and Craig Klaasmeyer, a co-head of European leveraged finance, will manage the group. Bob Willoughby will chair the division.

Interested in finding out more on restructuring opportunities? Check out TMA/The Deal's Distressed Investing Conference, which will be held in Las Vegas later this month. - Maria Woehr




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