The Turnaround Podcast with Stephen Phillips, Episode 24

In this episode of The Turnaround Podcast, Stephen Phillips speaks with Kevin Heverin, Kunal Shah, Matthew Prest. Kunal Shah is founder and CIO of PVTL Point, a European opportunistic credit launch. Kevin Heverin is  a partner in the Banking and Finance group in London and a member of the Global Restructuring and Insolvency team at Baker Mackenzie. Matthew Prest is Managing Director and Co-Head of Europe at Moelis & Company.

Tune in to the episode to hear about:

* Notable restructuring cases from 2025, such as Thames Water and Petrofac

* The evolving landscape of liability management exercises (LMEs)

* The impact of the current permissiveness of debt documentation on the market

* The importance of building and maintaining trust among stakeholders

* The increasing role of advisor-led strategies

* Coss-border restructuring with an evaluation of recent cases involving international companies utilizing English law processes, assessing jurisdictional effectiveness

* 2026 Predictions — sustained capital availability, increased stress in credit markets, and more strategic private deals focused on avoiding public processes.

Learn more about Kevin Heverin, Kunal Shah, Matthew Prest:

* Read Kevin’s profile on Baker Mackenzie’s website: https://www.bakermckenzie.com/en/people/h/heverin-kevin

* Connect with Kevin on LinkedIn: https://www.linkedin.com/in/kevin-heverin

* Read Matthew’s profile on Moelis’s website: https://www.moelis.com/our-team/matthew-prest

* Connect with Matthew on LinkedIn: https://www.linkedin.com/in/matthew-prest-ab149294

* Read Kunal’s profile on Pvtl Point‘s website: https://www.pvtlpoint.com/our-people/kunal-shah

* Connect with Kunal on LinkedIn: https://www.linkedin.com/in/kunalpvtlpoint

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About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast::

* FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g

Connect and learn more from your host, Stephen Phillips:

* LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324

* Website: https://www.freilibertas.com/founders-experience