PPB appointed as Receivers and Managers to Clive Peeters
Limited group
Wednesday, 19 May 2010: This evening, the secured creditor appointed Phil Carter
and Daniel Bryant of advisory firm PPB as Receivers and Managers to Clive Peeters
Limited (ASX: CPR) and its controlled entities.
This appointment was preceded by the appointment of McGrathNicol as Voluntary
Administrators earlier in the day. Following its appointment as Receivers and
Managers, PPB is now overseeing all aspects of the business.
Mr Carter said, “Clive Peeters continues to operate on a “business as usual” basis
under our control as Receivers and Managers. We intend to stabilise the business as a
matter of urgency and will be in contact with key stakeholders in the near future.”
The company trades as Clive Peeters in Victoria, Queensland, New South Wales and
Tasmania, and as Rick Hart in Western Australia.
-ends-
Released through Ben Jarvis Six Degrees Media & Communication: 0413 150 448
About PPB: PPB is one of Australia’s leading independent advisory firms. With a national team of over
30 partners and more than 300 staff, PPB works in partnership with clients to unlock value in recovery,
forensics and corporate advisory assignments. PPB complements these skills with strong independent
global relationships and genuine industry expertise. PPB’s clients include the major Australian banks,
financiers, government, company directors and law and accounting firms.
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