
Turning Capital Challenges into Opportunities

Matt Meehan
January 5, 2026
I recently sat down with Stephen Phillips, Partner at Frelibertas Law for their latest Turnaround Podcast to talk about my background and thoughts on today’s private credit market and concerns around Sub-Prime 2.0
I’ve worked with Stephen for some time and together we’ve tackled some complex restructurings since the GFC and most recently the successful turnaround of Nextbase UK.
Here’s a taster of what was discussed with Stephen being very complementary sharing in his recent newsletter “Matt started in leveraged finance when Michael Milken’s junk bonds were turning the world upside down. He told me stories of the original 1980s “Humpty Dumpty” deals – taking a broken corporate group, pulling the crown-jewel assets out, polishing them, and selling them on at premium. Listening to him, I half-wondered whether Richard Gere’s corporate-raider character in Pretty Woman was secretly modelled on Matt!”
Listen to the podcast

