Interpath Advisory announces acquisition of Kalo Caribbean

Interpath Advisory, the independent financial advisory business, today announces the acquisition of Kalo Caribbean, the restructuring, insolvency and advisory firm with operations in BVI, the Cayman Islands and Anguilla. Combined with its existing offering in Barbados, Interpath now boasts a significant footprint in the Caribbean.


Founded over 20 years ago, Kalo has a wealth of experience in restructuring, insolvency, stakeholder disputes, asset recovery and fraud investigations.


It has been at the forefront of offshore and cross-border restructurings, including being the first Cayman liquidator to be part of a court-approved, multi-jurisdictional debt restructure of a group based in the People’s Republic of China; administering the first BVI liquidator appointments to be recognised in Dubai, the Dubai International Financial Centre and Singapore; and its appointment as the first ‘light touch’ provisional liquidators in the BVI as part of a significant oil and gas restructuring.


The firm has also acted on some of the largest fraud investigations in the BVI and Cayman Islands over the past two decades and has achieved recoveries of billions of dollars for stakeholders.


The acquisition will see Kalo Caribbean CEO Gordon MacRae, along with managing directors Charlotte Caulfield, Elizabeth Mackay and Paul Pretlove, coupled with its team of more than 30 experienced professionals spanning two distinct offices, come on board to bolster the reach and strength of Interpath’s international advisory offering. Gordon MacRae and Paul Pretlove will continue to lead the Cayman and BVI offices respectively.


The acquisition also further expands Interpath Advisory’s international footprint into another important financial market, following news in Spring 2022 that it had made key senior hires in order to establish a new business in the Republic of Ireland.


Kalo’s vast experience and expertise enhances and complements Interpath’s existing international and cross-border capabilities, which which include its market-leading Contentious Insolvency & Asset Recovery team led by David Standish, Kristina Kicks and Mike Leeds; together with its London-based City & International Group which boasts 10 managing directors renowned for working on some of the largest and most complex insolvency cases in the market, including James Bennett who focuses on cross border restructurings and led the deal team for Interpath on this transaction; and its fast-growing Forensic practice led by Dominic Wreford.


Blair Nimmo, Chief Executive of Interpath Advisory, said: “The acquisition of Kalo is an important milestone as we continue to build upon our vision of becoming a truly global provider of restructuring and specialist advisory services, with the capability to deliver the largest and most complex assignments. BVI and Cayman are so often at the centre of international restructurings and insolvencies, so securing a significant foothold in these jurisdictions was always a key priority for us.”


He added: “Many of us at Interpath have known the team at Kalo for a long time, so it feels particularly special that they are joining us on this journey. And the great news is that we have already won our first UK-BVI cross-border engagement, demonstrating the strength in depth we have in coming together. We look forward to working collaboratively and building upon this fantastic start over the weeks and months ahead.”


Gordon MacRae, CEO of Kalo Caribbean, added: “We’re delighted to be joing Interpath at such an exciting time in its evolution. Not only does the firm have a stellar reputation for delivering exceptional service, consistently standing shoulder-to-shoulder with its clients, but we also know that the team is committed to building an inclusive culture where its talented people can thrive and develop fulfilling careers. We look forward to continuing to develop our international and cross-border capabilities in the Caribbean, building on this platform for growth.”


Paul Pretlove, managing director and head of Kalo’s BVI practice, added: “Kalo has enjoyed phenomenal growth, boasting the largest team in the BVI, including three licenced appointees, which has led us to win the majority of the most significant work coming out of the jurisdiction in recent years. By combining with Interpath, we will be in a fantastic position to compete for the largest global mandates in a more seamless way, while still maintaining that crucial independence that has made us so successful versus the traditional Big Four firms.”


For media enquiries, please contact:

Katy Broomhead, Head of Communications, Interpath Advisory


Tel: 0161 529 8861 / 07824 537963