Clive Peeters
PPB Advisory was appointed as Receivers and Managers by the secured creditor. Our role comprised managing a business with over $500m turnover, including 1200 employees in 43 stores across Australia, and dealing with more than 70 suppliers and their associated retention of title claims.
read more
Global paper merchant
We advised a group of Australian banks regarding their approximately $1.2 billion exposure to a global paper merchant. This involved complex stakeholder management between the syndicate members, the company’s advisors and US noteholders. Our work contributed to the banks being repaid in full, and in one transaction saving up to $150 million.
read more
Abattoir and Meat Processor
PPB Advisory was appointed Receivers and Managers of a NSW abattoir and meat processor following an investigation that revealed significant cash burn ($100,000 over four weeks). As the regional town’s largest employer, the business ceased trading immediately prior to appointment with the loss of employment for 300+ employees.
read more
Global Dairy producer
This global dairy operation specialises in the production of branded milk and dairy products and is one of the major manufacturers of milk, yoghurt and fresh dairy products in Australia. Following the collapse of its Italian parent company and with a highly geared balance sheet, the banking syndicate raised concerns about the ongoing viability of its local operations.
read more
Timber wholesaler
PPB Advisory was appointed as Investigative Accountant to examine the options to maximise returns to a secured creditor. We sold assets including inventory, plant and property, generating approximately $7m funds, allowing full repayment of the debt and all trading costs.
read more
Treecorp Group
This group held interests in forestry consulting, nurseries, plantations, R&D, and Managed Investment Schemes. A new mill construction experienced technical difficulties and cost overruns and as result a number of financial covenants was breached.
read more
