Jim Fallon, the former managing director of McQueen, the corporate finance house, has set up a new consultancy to work with companies, investors and banks in the leisure sector.
Fallon has launched a firm called Graybridge and aims to help companies and their stakeholders through financial restructurings.
He said: “There are lots of opportunities to get involved in a few businesses that may need some help at the moment – helping them assess their business and capital structures, and assisting them in moving forward.”
He founded McQueen with three other partners in 2002 after leaving HSBC. He stepped down from the company last year. It specialises in consumer markets and advises a range of clients including Fuller’s and Marston’s on acquisitions, disposals, public offers and other such forms of corporate activity.
Fallon said he had no plans to return to that line of work. He said: “This is about helping companies navigate the next three to five years.
“In the main there is excess leverage across the sector and solutions need to be found. I think people are starting to recognise this and are starting to address this issue.
“Coupled with a difficult consumer environment, it’s challenging.”
