US professional services firm Alvarez & Marsal (A&M) has established a dedicated private equity performance improvement group to help clients steer through difficult economic times.
The firm is to be led by A&M managing director Nick Alvarez.
Other leaders of the practice include Jeff Feinberg, Kathy Iversen, Richard Jenkins, Charles Lowrey and Markus Lahrkamp.
“The challenging environment has forced private equity firms to hunker down and, in many cases, quickly implement financial and operational changes in their portfolio companies that allow them to preserve value,” Alvarez said.
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“Our team includes a deep bench of experienced industry C-suite operators and performance improvement-oriented consulting professionals… We are approximately 30 dedicated professionals with plans to be 50 in the next several months, exclusively serving private equity portfolios.”