Interpath Advisory has announced the appointment of two senior hires to its business in Ireland.
Formerly KPMG’s UK restructuring practice, Interpath Advisory advises companies, lenders, equity holders and a wide range of other stakeholders to navigate the issues associated with economic disruption and to overcome financial and operational challenges.
Interpath Advisory launched in Ireland and Northern Ireland in late 2022, led by insolvency veteran Ken Fennell.
Services span restructuring, advisory including valuations, forensic and investigation, data and technology services and CFO Advisory services.
According to Fennell: “Our ambition to become the preeminent provider of financial advisory services in Ireland is well on track, and we look forward to welcoming additional senior hires to our business in the coming months.”
In Association with
Brendan O’Reilly joins Interpath’s restructuring practice as a director from Deloitte with over 15 years’ professional services experience. He has worked for over 11 years on both large corporate and personal insolvency appointments in sectors including real estate, hospitality, retail, financial services, education and health.
During his career, O’Reilly has managed a number of high-profile real estate based receivership cases, with a tally of over 1,000 commercial and residential properties.
Director Daryll McKenna is also joining Interpath’s restructuring advisory practice from Deloitte.
He has over 13 years’ experience providing restructuring advisory and turnaround services and led a delivery team which provided advisory and enforcement solutions to private equity funds with distressed real estate in Ireland in excess of €500m.
Interpath said that McKenna has significant exposure across a wide range of industries including retail, hospitality, real estate, health and aviation.
Fennell added: “We are delighted to welcome Brendan and Daryll to our business. Both are seasoned professionals with fantastic reputations, whose extensive experience will add further firepower to our offering in Ireland.”
4D Pharma Cork receivership
On 21 February 2013, Ken Fennell and Andrew O’ Leary of Interpath Advisory were appointed joint teceivers over 4D Pharma (Cork) Ltd.
Headquartered in Cork, the company is a provider of microbiological research services, with a focus on the development of live biotherapeutics.
The company has 10 employees operating and is a subsidiary of 4D Pharma plc, a UK registered entity which was placed into administration in June 2022, with Interpath's David Pike and James Clark acting as joint administrators.
Ken Fennell stated: “Our immediate priority is to take steps to secure the company’s assets while seeking to gather further information about the company’s financial position.”
Fennell and O’Leary have also been appointed Provisional Liquidators of Marco Polo Network Operations (Ireland) Ltd by the High Court.
The company is parent of the ‘MPN Group’ of companies with subsidiaries based in the UK, the US and Singapore. The business was established in August 2016 initially as TradeIX Ltd.
It developed a proprietary enterprise software platform with various functions and features for the execution of global trade and supply chain transactions among bank and corporate customers connected via a blockchain-distributed ledger network.
According to Interpath, the company has incurred total group losses of €93m.
