O’Neal Webster Acts for Kalo in Sale to Interpath
July, 2022 - British Virgin Islands
O’Neal Webster was pleased to act for Kalo in the British Virgin Islands aspects of the transaction of its successful sale to Interpath, the international advisory firm which launched in 2021 following a buyout of KPMG’s UK restructuring practice. The deal, which closed July 20, 2022, establishes Interpath’s foothold in the Caribbean and positions Kalo’s well-established insolvency and restructuring teams in the BVI, Cayman, and Anguilla to compete for the largest and most complex assignments worldwide.
The BVI is often at the center of international restructurings and insolvencies, where Kalo enjoyed continued growth, in both talent and numbers, since incorporation in 2005 and handled a majority of the most significant work coming out of the jurisdiction in that time. The combination with Interpath builds upon Kalo’s existing liquidation and restructuring, advisory, and forensic services in the Caribbean; provides additional experience, expertise, and services from across the wider Interpath business; and expands capabilities in valuations, M&A, and other financial transactions.
“O’Neal Webster was the perfect partner for us in the acquisition process and the successful completion of the BVI portion of the deal,” explains Paul Pretlove, head of the BVI practice. “It couldn’t have gone any smoother. Having had many opportunities to work with the firm in the past, I was confident that their knowledge of our business and operations, as well as the BVI regulatory and corporate landscape, would be a real asset to us at a crucial time in tying together all of the loose ends across several jurisdictions to get the deal over the line. That certainly proved to be true and we are delighted with the outcome.”
“We are very pleased to have been a part of Kalo’s next chapter with Interpath,” adds O’Neal Webster Managing Partner Vanessa King. “Working with Paul and his BVI team was a pleasure and a privilege, as always. We wish them great success going forward.”
Interpath’s acquisition of Kalo will see Gordon MacRae, Charlotte Caulfield, Elizabeth Mackay, and Paul Pretlove; and a team of more than 30 experienced professionals spanning two distinct offices, join Interpath, bolstering the reach and strength of the firm’s international advisory offerings. Gordon MacRae and Paul Pretlove will continue to lead the Cayman and BVI offices respectively.
