Kroll acquires Dublin insolvency specialist
US-based financial and risk-advisory firm Kroll has acquired Kirby Healy, a specialist corporate-insolvency practice based in Dublin.
Kroll said that the deal would significantly enhance its restructuring capabilities in Ireland and would doubling the size of its team in the country to more than 70 employees.
The Kirby Healy team will integrate with Kroll’s existing operations to deliver a wider range of services in Ireland – including fraud and white-collar-crime investigations, forensic accounting, litigation support, expert testimony, matrimonial-dispute work, and shareholder dispute resolution.
‘Broader growth strategy’
The US firm said that the acquisition was part its broader growth strategy in Ireland, aimed at meeting increasing demand for restructuring and advisory services.
Kroll specialises in work on contentious situations, offering support in insolvency, enforcement, and directorships.
The acquisition of Kirby Healy brings the number of restructuring experts in Dublin to 26.
Declan Taite (managing director, Kroll) said that the Kirby Healy team’s expertise would be “instrumental” as the firm continued to grow in Ireland and across Europe.
“Geopolitical tensions are no doubt causing huge uncertainty for Irish businesses, in addition to a wide range of increasing business costs,” he added.
Myles Kirby (managing partner, Kirby Healy) said that joining Kroll “unlocks new strategic growth opportunities”.