Alvarez & Marsal | Global news | Restructuring

An overview of Alvarez & Marsal global news:

United Arab Emirates

Alvarez & Marsal restructuring consultant detained in UAE A restructuring executive from global consultancy firm Alvarez & Marsal has been detained and subsequently released in the UAE earlier this week.
18 January 2024
Middle East

GCC business leaders forecast more financial distress ahead Seven out of ten CEOs and business leaders in the Gulf Cooperation Council (GCC) believe there will be more businesses experiencing financial distress in the next 12 months.
11 September 2023
Sri Lanka

Sri Lanka appoints consultants for sale of state-owned company Sri Lanka’s government has appointed Alvarez & Marsal and Capital Alliance to manage the divestment of its stake in state-owned Sri Lanka Insurance Corporation (SLIC).
05 September 2023
United States

WeWork hires restructuring advisors amid financial woes WeWork has hired several advisors to support its restructuring as it deals with high debt levels and financial underperformance, Bloomberg reported on Wednesday.
29 August 2023
Middle East

Financial distress in the GCC on the rise, finds Alvarez & Marsal Business leaders across the Gulf Cooperation Council (GCC) region are expecting more pressure to transform or restructure their businesses in a market likely to turn volatile in the short term.
27 May 2023
Switzerland

Swiss government taps Alvarez & Marsal for Credit Suisse rescue The Swiss government has hired consultants from Alvarez & Marsal to facilitate its role in the acquisition of failed Swiss bank Credit Suisse by UBS.
05 May 2023
Canada

Bed Bath & Beyond Canada shutting down, taps Alvarez & Marsal as monitor Bed Bath & Beyond’s Canadian division will be winding down its operations, according to a creditor protection filing by its monitor Alvarez & Marsal.
14 February 2023
Hong Kong

Alvarez & Marsal’s restructuring team helps keep Genting afloat Hong Kong listed cruise and resort company Genting is restructured, recapitalised and ready to go – following a year-long restructuring process managed by a team at Alvarez & Marsal in Hong Kong.
21 July 2021
Maldives

Consultants advise on restructuring of Trans Maldivian Airways Trans Maldivian Airways (TMA) has a new set of creditors: private equity giant Carlyle Group and New York hedge funds King Street Capital Management and Davidson Kempner Capital Management are on board.
19 July 2021
Europe

Alternative debt financing an opportunity in the Nordics Debt refinancing among distressed assets is set for a spike in Nordic markets – causing non-traditional financing players to take a growing interest in the region. Consultancy.
19 July 2021
France

Bercy selects 22 consultancies for restructuring framework agreement The French ministry of Economy and Finance – also known as ‘Bercy’ – has appointed over twenty consulting firms to its national framework agreement for restructuring and turnaround services.
23 February 2021
Middle East

Leading restructuring consulting firms ramping up in Gulf Specialist restructuring consulting firms are currently beefing up their numbers in the Middle East – in anticipation of widespread business struggles brought about by the coronavirus.
17 February 2021
Asia

Remain vigilant against fraud to avoid financial ruin, say experts As businesses face heavy pressures due to the global economic downturn, companies and their stakeholders need to remain vigilant against fraud to avoid financial ruin, say experts from leading global
08 October 2020
Middle East

A&M working on NMC Health's administration and turnaround Already the administrator for NMC Health’s holding company in London, Alvarez & Marsal has now been appointed to manage NMC Health’s administration in Abu Dhabi.
26 August 2020
India

Indian restructuring experts win prestigious global award Restructuring experts from India have been awarded one of the most prestigious global prizes in their field for their pioneering work on the operational turnaround of Essar Steel.
20 August 2020
Europe

A&M launches Restructuring service in Norway and Switzerland Against a backdrop of growing demand for steering distressed companies through the choppy waters of today's crisis economy, one of the globe’s top restructuring consultancies has expanded its turnaro
28 July 2020
India

How A&M advised on Essar Steel's historic turnaround and sale Turnaround specialists from Alvarez & Marsal managed the complex insolvency process at Essar Steel, which not only led to the recovery of 90% value for lenders, but might have paved the way for the s
01 June 2020
South Africa

Alvarez & Marsal brought on board SAA rescue operation Global management consultancy Alvarez & Marsal is now involved in the turnaround plan for South African Airways (SAA), having been called in to offer “objective, impartial insight” into SAA affairs.
09 January 2020
Hong Kong

Alvarez & Marsal adds two directors to Asia restructuring team Global advisory Alvarez & Marsal has further strengthened its Asia restructuring team with two experienced hires in Hong Kong; Tiffany Wong and Kitty Yeung.
20 December 2019
Asia

Alvarez & Marsal Asia boss Jim Dubow new chairman of Noble Jim Dubow, the head of Alvarez & Marsal in Asia, has replaced Paul Brough as the chair of recovering commodities firm Noble Group.
18 October 2019
United States

Alvarez & Marsal's Julie Hertzberg named president of Insol Julie Hertzberg, a managing director at consulting firm Alvarez & Marsal, has been appointed president of Insol International, the worldwide federation of national associations of accountants and law
22 May 2019
India

Alvarez & Marsal to conduct due diligence on Jet Airways for Etihad Following a period of sustained financial trouble, India’s second largest airline Jet Airways may be rescued by Abu Dhabi based Etihad airways, a scenario that is contingent on the results of due dil
29 January 2019
United Arab Emirates

Etihad taps Alvarez & Marsal for potential Jet Airways turnaround A team of Alvarez & Marsal turnaround specialists is presently conducting an on-the-ground due diligence examination of Jet Airways according to Reuters, brought in at the behest of Etihad.
29 January 2019
Brazil

Top consulting firms in Brazil for restructuring and turnaround A new analysis of surveys among clients on track record / engagement satisfaction and management consultants on reputation has identified Brazil’s top consulting firms for restructuring and turnaroun
23 January 2019
India

IL&FS appoints A&M and two financial consultancies to help restructure In light of its massive debt levels amounting to nearly $12.
24 October 2018
India

Creditors in India hire consultants for bankruptcy proceedings Creditors in India, including the country’s biggest lender State Bank of India (SBI) have hired top consultancy firms such as PwC, KPMG, EY, Deloitte and others at highly generous terms to assist wit
13 July 2017

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