RJD Partners is planning for the expected uptick in distressed opportunities with the appointment of turnaround specialist Paul Woodley as consultant.
Woodley joins the UK-focused mid-market buyout house after having worked as an independent turnaround professional for seven years. He previously worked for Postern Executive Group, the provider of corporate turnaround and recovery services, for nine years, where he led a number of reconstructions, fundraising and turnaround projects.
“The current economic uncertainty will undoubtedly throw up some good opportunities for private equity investment. Such deals are more likely to be borne out of distressed and cash scarce scenarios rather than the traditional avenues of the last few years,” said David MacLellan, chairman of RJD Partners.
Source: Thomson Merger News