BrazilAlvarez & Marsal adds trio to European Debt Advisory team
Alvarez & Marsal’s Debt Advisory team in Europe has welcomed a trio of experienced professionals to its ranks in the UK and Germany.
In London, Floris Hovingh and Atif Malik joined the global management consulting firm as a Managing Director and Director respectively. In Frankfurt, Axel Rink has been named a Senior Director.
Floris Hovingh brings over 20 years of experience advising clients – including private equity owned, listed and family- and founder-owned businesses – on finding the right debt solutions. During his career, he has raised more than €20 billion of debt capital through a variety of ways, including leveraged buyouts, refinancings, recapitalisations, working capital solutions and debt restructurings.
Hovingh joins from Deloitte, where he was a partner and Head of the Alternative Capital Solutions practice. Prior to this, he worked for HBOS (a former subsidiary of subsidiary of the Lloyds) and NIBC.
Atif Malik has over two decades of banking experience across the EMEA region, most recently in debt financing at Barclays where he was the head of loan syndications for the Corporate Bank. Before that, he worked five years for Lloyds. His experience spans across the range of debt markets (including both corporate banking and capital markets) and a range of sectors.
Malik has led the execution of over 100 facilities for a number of listed and private corporate clients.
Axel Rink was previously the co-head of Deloitte’s Debt Advisory unit in Germany. Before his time with the Big Four, he spent five years with the European investment teams of Strategic Value Partners and Hudson Advisors/Lone Star Funds. He started his career in investment banking at Dresdner Kleinwort and HVB Group.
Rink has advised across a range of private equity backed and privately held companies, across a range of financing mandates, predominantly in the DACH region.
The appointments come at a time of strong demand for debt advisory services as companies and shareholders navigate the financial pressures of the Covid-19 pandemic. “Current market conditions are leading to more of our clients seeking debt advice,” said Tim Metzgen, a former KPMG partner who launched Alvarez & Marsal’s Debt Advisory practice in 2019.
“The addition of Floris, Axel and Atif further enhances the hands-on and solution-focused services we are able to offer. They bring significant expertise in finding the best funding solutions.”
