Alvarez & Marsal adds Michael Magnay to Manchester team
As Alvarez & Marsal looks to respond to demand following the pandemic, it has added another new team member to its Manchester restructuring wing. Former Deloitte Partner Michael Magnay arrives as a Managing Director, bringing two decades of knowhow to the firm.
Mark Firmin, Managing Director and Head of Regional Restructuring at Alvarez & Marsal (A&M), said, “Our team across the UK has experienced significant growth in the last few years, as businesses continue to turn to A&M for our hands-on approach. We are committed to strengthening our conflict-free offering to clients across a range of sectors. Michael’s experience, working closely with distressed companies in and around Manchester, is invaluable and will help us further build rapidly on our commitment to the North-West.”
A&M’s Manchester team has grown rapidly since establishing an office in the city in 2018. It now comprises 19 people, two of whom are Managing Directors. The firm offers regional business leaders restructuring, turnaround and insolvency support. Recent cases for the Manchester office have included mid-market advisory and insolvency work, such as PFP Energy, together with working on larger national and international cases such as Four Seasons and NMC Healthcare.
As businesses in the North West are battling disruption from the pandemic, Magnay’s arrival will strengthen the firm’s senior team. He specialises in helping stabilise businesses, assessing available options and implementing strategies to protect and enhance value. Throughout his career, he has advised businesses ranging from owner-managed small and mid-size enterprises (SME) to governments, corporates and multinationals.
Magnay commented: “It is hugely exciting to be joining the market-leading, independent restructuring firm in the North-West at a time when businesses need support to help navigate this new post-pandemic context. A&M has an established team of highly experienced restructuring professionals, and I look forward to working with Paul Flint and the team to further grow the practice, and the team, at pace.”
Prior to joining A&M, Magnay spent 20 years with Deloitte. Most recently he was a Partner leading the firm’s restructuring services businesses in the North-West and Scotland, with recent cases including overseeing the widely reported sale of national retailer Go Outdoors, rescuing Northern Irish bus builder Wrightbus, and handling the insolvency of North-West manufacturer Cartwright Group.
