The firm of Antonio Cacorino, who during the Troika years advised the IGCP on the analysis of controversial trade-offs by public companies, has come to an end. Advised $26 billion on transactions in Portugal.
StormHarbour, a London-based financial company headed by Portuguese António Cacorino, has been in a controlled liquidation process since February 10 this year, according to a document seen by Jornal Económico. When contacted, the manager preferred not to comment.
The financial boutique which has been involved in several related operations in Portugal, and which provides investment banking services, has appointed two insolvency administrators, Henry Anthony Shinners and Adam Henry Stevens, from Evelyn Partners, a specialist insolvency administration firm.
The report reveals that liquidation managers are trying to promote solutions to make the company viable, i.e. selling in a process similar to the Private Activation (PER) process.
StormHarbour has ceased operations due to financial difficulties. In 2021, StormHarbour Securities LLP reported losses of £2.9 million.
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