Surge in Global Demand for Services Underscores Appointment
Signaling a steady surge in demand among private equity firms and corporate acquirers for transaction advisory services, Alvarez & Marsal has named managing director, Paul Aversano, the global head of its Transaction Advisory Group. The appointment also recognizes Mr. Aversano’s leadership role and success in building A&M’s transactions practice since its inception.
Based in Alvarez & Marsal’s global New York headquarters, Paul Aversano helped to launch the firm’s first dedicated Transaction Advisory Group in 2006, along with managing directors Nick Alvarez and Jack McCarthy, Jr. and a handful of former Big Four financial due diligence professionals looking to build a world-class transactions practice on A&M’s entrepreneurial business platform. The firm is free from audit-based conflicts of interest.
A&M’s Transaction Advisory Group has since grown exponentially, also forming a UK-based group in 2009 to serve the US and Europe, and attracting world class financial due diligence talent that works together with A&M’s operating professionals to deliver “one-stop” due diligence services to private equity firms and corporate acquirers in the US, UK and global markets. Along with A&M’s global tax advisory capabilities, Alvarez & Marsal has become a leading “go-to” firm for integrated due diligence services around the world.
Mr. Aversano’s appointment underscores A&M’s commitment to bringing its distinctive blend of integrated financial, operating and tax due diligence services to markets where A&M maintains an expanding presence. This appointment also comes after a period during which deal volume was generally constrained but shows signs of an uptick.
“A&M’s Transaction Advisory practice has continued to grow as private equity firms recognize the importance of operationally-based advisory services in driving value throughout the transaction lifecycle,” said Bryan Marsal, founder and co-CEO of Alvarez & Marsal. “As a global firm serving clients around the world, we believe that consistency of leadership, operations and execution enhance the level of service we are able to provide our clients. Paul has been integral to the success of this practice group. His leadership and global perspective will be invaluable as we move forward.”
“Even in the face of a down market, A&M has established a robust, global practice by introducing a unique offering to the private equity market and corporate acquirers, combining traditional Big Four financial, accounting and tax expertise with proven operational experience,” said Mr. Aversano. “With the M&A market showing signs of revival, we have developed a unified global offering that expands our perspective, further enhances our service to clients and builds on the momentum we have created.”
Mr. Aversano also serves as chairman of A&M’s Transaction Advisory Executive Committee along with US-based managing directors Nick Alvarez (New York), Mike Cole (Nashville), Dan Galante (Chicago), and Kent Willetts (Houston), and UK/Europe based managing directors Adrian Balcombe and Colie Spink (London).
Alvarez & Marsal is the global professional services firm best known for its heritage in corporate restructuring and, more recently, for leading the value recovery efforts of Lehman Brothers, the largest bankruptcy in financial history. The firm has been growing organically over the last decade from a boutique player to a global professional services firm that brings a wide range of operational, financial and performance improvement services to private equity and strategic companies across the industry spectrum.
About Alvarez & Marsal Transaction Advisory Group
Since 1983, Alvarez & Marsal (A&M) has set the standard for working with companies, investors, boards and legal counsel to improve performance, solve complex problems and maximize value for stakeholders. Firmly established as a leading independent global professional services firm, A&M draws on a deep operational heritage – with experience in both the public and private sectors and across the industry spectrum – to provide a range sophisticated advisory and interim management services.
A&M’s Transaction Advisory Group brings an integrated and uniquely operational perspective to working with private equity firms, hedge funds and corporate acquirers to provide independent and objective analysis designed to identify and maximize value at every point in the transaction lifecycle. Seamlessly integrating the firm’s deep operational heritage with world-class finance, accounting and business consulting expertise, the group’s services include: financial accounting due diligence, operational due diligence and tax due diligence, among other related offerings.
Alvarez & Marsal is the exclusive performance improvement sponsor of the New York Private Equity Network, and an anchor sponsor of the Private Equity Operating Partner Executive Network (PEOPEN).
To learn more, visit: www.alvarezandmarsal.com