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Alvarez & Marsal expands private equity performance improvement practice

Global professional services firm Alvarez & Marsal has added nine senior professionals to its private equity performance improvement practice.

The announcement follows the recent hiring of eight professionals focused on private equity services in its transaction advisory and tax practices.

“Private equity firms continue to focus aggressively on enhancing the operational performance of their portfolio companies and we are seeing mounting demand for A&M’s hands-on operating experience and know-how,” says Nick Alvarez (pictured), national practice leader of A&M’s private equity performance improvement services. “We are delighted to welcome these world-class professionals to our growing and dynamic team. Each brings a proven track record in delivering results and working with companies in a variety of management and hands-on consulting roles to enhance long-term enterprise value.”

Joining the firm are Ron Bernard and Stephen Griffin as managing directors in New York and Boston, respectively; Joel Mostrom as a senior director in New York; Paul Kosturos as a director in San Francisco; and Fabiana Fakhoury, Simon Flax, Jeffrey Klein, Jennifer Kim and Daniel Schellenberg as directors in New York.

Bernard brings more than 25 years’ experience as a senior operating executive across consumer-driven, entertainment and sports industries. Prior to joining A&M, he served as president of LWB Media Consulting, advising large cap and mid cap private equity funds on investments in media-related portfolio companies.

Griffin specialises in assisting private equity sponsors and their portfolio companies with due diligence and post-acquisition assistance, formulating and evaluating strategic business plans, crisis management and financial restructuring. Prior to joining A&M, Griffin founded G5 Capital, a private equity advisory firm.

Mostrom brings significant expertise in developing strategic business plans, operating budgets and restructuring plans, arranging all levels of public and private financing, as well as negotiating acquisitions, divestitures and joint ventures. With more than 20 years of experience, he has served as a senior financial and operating executive of companies ranging in size from a large publicly traded multinational manufacturing company to a small privately owned real estate development company.

Kosturos specialises in finance and accounting, including interim management positions, SEC reporting, external and internal financial reporting, Sarbanes Oxley compliance including internal controls design and process improvements, shared services processing and ERP system design and implementations. Prior to joining A&M, he was the vice president and corporate controller for JDS Uniphase.

Fakhoury specialises in strategic, corporate finance and performance improvement projects, having worked closely with corporate chief financial officers to implement capital raising and cost rationalization strategies. Prior to joining A&M, Fakhoury was a vice president with the investment banking division at HSBC.

Flax brings more than 12 years of business consulting experience and a broad and diverse set of functional and industry experience, including expertise in process design, general and administrative cost efficiency, working capital reduction, corporate strategy and organisation design. Prior to joining A&M, he was a principal in the private equity practice of Arthur D. Little.

Klein specialises in interim management for information technology initiatives, bringing more than 20 years experience delivering IT governance, IT operations and financial reporting projects. Prior to joining A&M, he was a director in Protiviti’s technology risk practice.

Kim has more than a decade of industry and consulting expertise and has also served in interim management roles. Her background includes experience in sales force effectiveness, process improvement and organisational redesign for consumer goods and niche manufacturing environments. Prior to joining A&M, she was a principal at Arthur D. Little.

Schellenberg has worked with portfolio companies in various industries, leading consulting teams in the US, Europe, Mexico, China and Canada. Prior to joining A&M, he was a principal in the private equity practice of Arthur D. Little.

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