Debt recovery

The time and cost required to pursue delinquent debtors or enforce judgement debts following contractual disputes can be a source of significant frustration for corporates. In addition to the direct costs of recovery efforts, the time spent dealing with a distressed debt book can draw resource away from other opportunities.

?

What is ARF II?

ARF II is a joint venture partnership between Grant Thornton UK LLP and an institutional investor which seeks to provide third-party funding solutions for large-ticket asset tracing and recovery work.?Launched in 2022, ARF II seeks to build on the successes of the first ARF which was established in 2019.

In addition to exploring opportunities for the acquisition of NPLs, ARF II can also assist corporates by funding and facilitating steps to realise value from their distressed debt book.

?

What types of distressed debt can ARF II assist with?

Working with Grant Thornton’s Insolvency and Asset Recovery team, ARF II can alleviate pressures on corporates by taking control of the recovery process in exchange for a portion of realised value.

With over 160 experts in 19 locations across the globe, the Insolvency and Asset Recovery Team is particularly well-placed to assist corporates with highly distressed debts and those with a cross-border element, including cases where:

?

• the debt book is fully unsecured or is supported only by third-party guarantees;
• debtors are suspected to have hidden assets in multiple jurisdictions or through the use of opaque asset protection structures;
• debtors are suspected to have dissipated assets to third parties; or
• wilful default or fraud is suspected.

?

ARF II is focused on judgments or distressed debt books with a value of over USD 30m.?

?

Previous experience

ARF II has recently purchased a EUR 300m face value portfolio of delinquent debt. With debtors situated in jurisdictions from Belgium to Hong Kong, and other jurisdictions in between, our team of experts are now using their cross-border expertise to facilitate recoveries.

?

Contacts

If you would like more information, please contact Nick Wood, Nick Morgan, Colin Diss or Prashan Patel who would be delighted to discuss what ARF II can offer further.