Persistent geopolitical disruption is changing how distress emerges – and why boards, lenders and advisors need to act earlier to preserve optionality.
The distinction between businesses that recover from distress and those that slide into crisis rarely comes down to ambition. Steve Wilson outlines the processes of an effective turnaround.
KPMG’s Turnaround & Restructuring practice is pleased to announce the registration of two liquidators for South Australia and Western Australia.
This year’s Federal Budget contains more than just measures to navigate today’s complex economic and geopolitical environment, it also introduces substantial tax and policy reforms that could directly impact distressed companies.
As the Association’s president, Gayle plans to broaden the conversation on the constructive and transformative work Turnaround and Restructuring professionals deliver and how they help support companies through periods of change and solve complex challenges for boards.
From macro economic signals and sector deep dives, to landmark court decisions and practitioner focused insights, the articles below reflect what most captured the attention of Australia’s turnaround and restructuring community.
In this video podcast, APAC Turnaround and Restructuring Lead Partner Peter Gothard shares the challenges in the restructuring space in different countries and how to excel in the practice.
Geopolitics Lead Jon Berry details how populism is a growing trend in Australia, one that businesses should analyse and manage.
The Jervois Group restructuring is a landmark global first, expertly combining a parallel US Chapter 11 filing with an Australian Administration, setting a powerful new precedent for seamless cross-border restructures.
KPMG US' Turnaround and Restructuring practice leader Mychal Harrison discusses how companies are currently managing uncertainty in the market.
KPMG US' Turnaround and Restructuring practice leader Mychal Harrison outlines which sectors are experiencing pressure in the US, including the automotive and health care industries.
How a publicly listed Australian company with operations around the world combined the strengths of a US Chapter 11 and an Australian VA to deliver an award-winning restructure that saved jobs and preserved the business’ continuity.
Amanda Coneyworth and leader of KPMG’s US Turnaround and Restructuring practice Mychal Harrison, discuss current trends in the United States, which industries are affected most, what we can expect from private credit and how the US-Australia restructuring is evolving.
With economic pressure, geopolitical uncertainty and record levels of insolvency so far in 2025, combined with the new force of private credit, the question of ‘who has their hands on the wheel in a corporate restructure’ is becoming more opaque and complex than ever.
The question of the ‘true employer’ of the Mosaic Brands, raised in this judgement, highlights the need for lenders and key stakeholders to consider the commercial realities of large corporate groups when it comes to the distribution of circulating asset realisations.
KPMG Director Amelia Greig highlights the ability to draw on global resources to deliver impactful restructures as one of the key reasons she enjoys her work at KPMG.
KPMG Director Amelia Greig considers the implications of debt-for-equity strategies amid the broader trend towards away from public market funding.
KPMG Director Amelia Greig describes how cross-border restructurings are increasingly being implemented through coordinated ‘multi-process’ restructuring strategies.
Ensuring that Australia’s turnaround profession remains strong and vibrant is a priority not just for firms, but for the wider business ecosystem. Ned Swifte discusses the importance of showcasing the critical, dynamic role that restructuring professionals play in shaping the economy’s future.
Gayle Dickerson and Marcus Derwin outline how geopolitical factors, trade policies and changing capital flows are posing a challenge for companies.
KPMG's Turnaround and Restructuring National Leader Gayle Dickerson, is joined by Director Ben Brokken and RCubed Group founder Marcus Derwin, as they discuss how Australian businesses can preserve and restore value following a crisis or underperformance.
A successful turnaround process needs more than just a positive financial outcome to achieve the buy-in of stakeholders, writes Amanda Coneyworth and Colm McKeon.
KPMG's Turnaround and Restructuring National Leader Gayle Dickerson, together with Partner Morris Maciver, Partner Ian Sutherland and Director Amelia Greig, discuss increased activity for business mergers and acquisitions, what this means for lenders, private equity funds and corporate entities, and how companies can maximise value in a transaction.
Closing or winding up local operations can be a very messy affair for both local companies and global multinationals, both financially and reputationally, which is why companies should consider a planned approach.
Turnaround & Restructuring Partner Phil Quinlan says a decline in discretionary spending is affecting a number of businesses, particularly in the hospitality sector.
