Kroll’s corporate advisory and business recovery group has split in a management buyout which sees the business rebranded Kroll Zolfo Cooper in Europe.

The division, which has worked with UK dealers on business recovery and turnaround, completed its MBO in tandem with New York-based Kroll Zolfo Cooper to form two separate partnerships trading under the global brand of Zolfo Cooper.

Simon Freakley, chief executive of Zolfo Cooper Europe said: "This is a very exciting development for our business and our people.

“We have enjoyed a strong year to date with our team of corporate advisory and restructuring experts being appointed on many high profile and complex assignments.