So Kim Lau

So-Kim Lau

Director

+852 9793 5091

sokim.lau@accuracy.com

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Kim is a Director with over 14 years of professional experience. She joined the firm’s Hong Kong office in August 2019, having moved into the region in 2017 from the United Kingdom.

She was previously with Ernst & Young, one of the Big 4 transactions advisory teams, in both UK and HK teams specialising in corporate restructuring and insolvency.

 

Kim has both financial/transactional advisory and formal insolvency experience across different sectors including the public sector, retail/consumer products, construction, and oil and gas.

 

Kim also benefits from two previous secondments: first to a private equity fund exclusive to Apollo, Alteri, looking at stressed and distressed retail situations across Europe; and second to the business support team of Barclays Bank UK, to manage its portfolio of underperforming loans and customers.

 

Kim speaks English and Cantonese.

 

Qualifications

 

  • Joint Insolvency Examination Board (JIEB, UK) qualified
  • Chartered accountant – Institute of Chartered Accountants for Scotland (ICAS, UK)
  • The University of Birmingham, UK – BSc (Hons) Accounting and Finance

Restructuring

 

Advisor to corporations, private equity firms and lenders. Expertise in lender-side advisory, financial analysis and cash flow forecasting and assessments

 

Transactions

 

Transactions support in acquisitions and disposals in the context of stressed and distressed situations

Restructuring engagements

 

  • Receivers of HK entity – Leading recoveries of a consumer electronics business headquartered in HK with 30+ subsidiaries globally. Critical stakeholder management covering secured lender, management teams, suppliers and customers. Implementing recovery strategies through commercial negotiations and legal input at local and subsidiary levels
  • Lender-side advisory – Workstream independent business review (IBR) lead for the Australian business segment with £1.4bn of £3bn total group turnover of a privately owned engineering, infrastructure and construction business. IBR included financial analysis of historical and forecast contract performance, and assessment of the private market and infrastructure spend
  • Lender-side advisory – Acting for lending syndicate with debt size of over US$200m, in leading a review of short-term cash flow forecasts, monitoring cash and an IBR of the oil and gas business’ 5-year business plan; assessment of technical oil and gas reports to assess valuation of key assets in Egypt, Bulgaria and Algeria as well as capex needs
  • Corporate-side advisory – Assessment of PRC shareholder’s position and recovery from its investments in the automotive components manufacturing industry based in the UK, which were subject to local insolvency proceedings
  • Healthcare advisory – As part of the Financial Improvement Programme initiated by public-sector bodies, hands-on restructuring work with Management to assess and implement in-year immediate cost savings to reduce forecast hosiptal deficits

 

Transaction engagements

 

  • Distressed sale of HK real estate – Leading the sales process of high value real estate and businesses held within subsidiaries of an entity subject to Court liquidation. Project management and formulation of marketing strategy, as well as point person managing interested parties, agents, legal advisors and the management team
  • UK healthcare transaction – Leading the commercial due diligence work on the merger of two financially distressed National Health Service (NHS) trusts with a combined revenue of c. £1.2bn. In addition, workstream lead for communication and engagement as part of the proposed transaction to help manage stakeholders given the delicate situation