Fri, 16/11/2012 - 06:48
Global professional services firm Alvarez & Marsal (A&M) has added a dedicated transaction advisory group (TAG) to its German office, which forms part of A&M’s pan-European business.
This is in addition to its established business lines of restructuring, performance improvement (PI) and global forensic and dispute services (GFD) in Germany.
Jürgen Zapf has been appointed as managing director to lead the TAG practice based in Munich.
The move follows continued demand from private equity sponsors and strategic acquirers in Europe for a differentiated due diligence offering, which combines financial accounting, tax and operational due diligence services. In the wider environment of scarce credit and unpredictable growth, Germany remains one of the most active M&A markets in Europe, and there is an increased requirement for this type of specialist pre-acquisition expertise in the region.
A&M first launched a dedicated transaction advisory division in 2006 in the US, and expanded with a pan-European focus in 2009, combining former Big Four financial accounting talent with A&M’s core operating heritage. Despite the fragility of the buyout market, A&M’s TAG practice has experienced rapid organic growth since inception, and is now recognised as a leading advisor in pre-acquisition situations serving European corporates and private equity.
Zapf joins A&M after 20 years at Ernst & Young, where he was a partner and co-founder of its transactions department in Munich. Zapf has advised on numerous complex high-value transactions, both with buy-side and sell-side clients. His particular areas of expertise include retail and consumer goods, automotive, biotech and real estate.
Paul Aversano (pictured), managing director and global practice leader of A&M’s transaction advisory group, says: “In order to generate positive returns from any acquisition in this environment, it is necessary to fully understand core operations and business drivers during the diligence process. This is something which sets A&M apart due to our integrated service offering.
“Our transactions practice has enjoyed rapid international growth since inception and the expansion into Germany, under the leadership of Jürgen, will further enhance our strong client offering in Europe.”
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