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

“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.

“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.”