KordaMentha

KordaMentha is an Australian business known for their work as insolvency and restructuring practitioners. They also provide Corporate Recovery Services, Turnaround Restructuring Services, Real Estate Advisory (distressed situations) and Forensic services. The business was formed in April 2002 by Mark Korda and Mark Mentha.

Evolution

KordaMentha partners undertook the first Voluntary Administration in Australia, the largest Voluntary Administration in Australia (Ansett Australia with 42 companies, 15,000 employees and >$1 billion assets), the largest Group of Voluntary Administrations in Australia (Stockford Ltd with 84 companies) and more Voluntary Administrations than any other insolvency firm in Australia in 2003.

By 31 March 2003 KordaMentha had expanded its business with licensed offices in Perth, Brisbane and Adelaide.

During FY05 KordaMentha grew its Perth and Sydney practice with senior partners and staff joining the firm from Ernst & Young.

KordaMentha now has over 350 staff, with offices in all Australian capital cities, Auckland and Singapore as well as international affiliates in the UK and US.

KordaMentha’s associated business are:

• 333 Capital was established in 2003 to act as lead advisor to entities which are considering sale, merger and/or acquisition transaction, acquisition or vendor due diligence investigations, independent transaction co-ordination and management, capital raising and restructuring.
• 333 Consulting was established in 2005, formerly 333 Performance Management, to provide corporate turnaround, performance improvement, people and performance and IT optimisation services.
• 333 Management was established during 2009 to manage distressed companies for extended periods
• 333 Real Estate was formally established in 2006 to act for many clients in the broader property investment, development and tenancy markets
• Accordius is a privately owned personal funds management business.
• Calibre Capital is an independent real estate funds management firm that holds an AFS Licence to deal and advise on Managed Investment Schemes and securities for wholesale and retail investors.
• Forensics was established in 2007 providing forensic solutions to clients in Australia and Asia-Pacific.

Major Engagements

• Ansett Australia: Trade-on Administration of Australia’s No. 2 airline with annual turnover of A$3.2 billion. Proceeds from business and asset sales are estimated to total A$1 billion.
• Cross City Tunnel:
• Griffin Coal:
• Hans:
• Lane Cove Tunnel:
• National Parts:
• Stockford Ltd: Voluntary Administration of 84 companies comprising 42 separate accounting practices Australia wide with 900 employees. All accounting practices sold with a first dividend of 50c and a second dividend of 15c paid to unsecured creditors.
• Tassal:
• Timbercorp:
• Westpoint Group:

External links

• KordaMentha Website