Financial Turnarounds & Business Restructuring with Kevin Heverin, Kunal Shah, Matthew Prest
The Turnaround Podcast with Stephen Phillips, Episode 24
In this episode of The Turnaround Podcast, Stephen Phillips speaks with Kevin Heverin, Kunal Shah, and 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:
