Alvarez & Marsal expands in Nordics with Oslo office

Three years after launching in Sweden, Alvarez & Marsal has expanded its Scandinavian presence to also include Norway.

The new Oslo office is the firm’s twenty-first in Europe, and comes shortly after Alvarez & Marsal setup shop in the German speaking regions of Zurich, Switzerland and Düsseldorf, Germany.

According to Richard Fleming, a London-based leader of Alvarez & Marsal in Europe, the expansion demonstrates the firm’s continued commitment to meeting client demand with an on the ground team, and the firm’s broader strategic growth plan.

The global consulting firm supports its clients with a range of management consulting and financial advisory services, including strategy, mergers & acquisitions, finance transformation, digital transformation, restructuring, disputes and risk management. 

Against the backdrop of the covid-19-induced downturn, Alvarez & Marsal’s restructuring offering in particular is now facing high demand. With many European companies facing financial hardship amid a fallout of demand, they are turning to expert such as Alvarez & Marsal to help them with stabilising their operations and returning to profitability. 

The Norway office will initially focus on turnaround and restructuring services, led by Ole Sivertsen, a Norwegian national and Senior Director at the firm. The veteran has in the past years led financial and commercial restructuring and turnaround projects at among others an offshore oil & gas drilling and a waste management company. Prior to joining Alvarez & Marsal in 2016, he held several CFO roles at Norwegian companies. 

“Our Olso office will utilise on-the-ground local experts backed by Alvarez & Marsal’s global network of professionals that can quickly respond to clients’ needs with high quality work,” said Sivertsen. “In this challenging environment, our comprehensive and differentiated advisory support addresses the market’s need for stability, sustainability and growth.”