Law firm Allens finds administrator for tech biz Metigy

Allens, acting on behalf of some Metigy investors, contacted Cathro Partners boss Simon Cathro on Friday, before sending Cathro and his colleague Andrew Blundell draft appointment documents for signing.Hours later Cathro’s Blundell, a principal at the firm, met with Metigy’s sole director and co-founder David Fairfull to sign off on the firm’s appointment as administrator.

It’s the highest profile appointment in the small firm’s short history. Cathro Partners was set up by Simon Cathro, a former insolvency partner at Worrells, EY and Deloitte, last year. He hired Blundell, another former Worrells partner, soon after.Allens’ involvement suggests a group of Metigy’s investors played a leading role in having the company head into administration.

Metigy has about 30 investors, according to ASIC filings, including the company’s founders and management, associated entities and a handful of Australian institutions.Metigy went into administration on Friday night, and its 75 staff were informed and let go on Monday

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