Alvarez & Marsal launches financial restructuring practice in Italy

16 July 2021 2 min. read
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Global consulting firm Alvarez & Marsal has expanded its Financial Restructuring Advisory practice to Italy. 

“This is the next strategic step in the expansion of our financial restructuring offering across Europe,” said Paul Kirkbright, Managing Director and leader of the practice in EMEA. “Our on-the-ground initiatives in Italy reflect our hands-on approach to meeting evolving financial restructuring needs across the country and region.” 

Alvarez & Marsal’s Financial Restructuring Advisory team provides restructuring advice to creditors, investors, corporates, management, and other stakeholders to drive restructuring solutions with thorough financial analysis, independent business review, contingency planning, operational expertise, and financial advisory services. 

Alvarez & Marsal launches financial restructuring practice in Italy

The wing is part of the firm’s Restructuring & Turnaround business unit and is headquartered in London. In recent years, the practice has grown its teams across its footprint in the United Kingdom, France, the Nordics, Switzerland, Spain and Germany, a development that has accelerated during Covid-19 due to the growing need for financial restructuring services as a result of the pandemic-induced crisis. 

Commenting on the growth, Kirkbright said: “Alvarez & Marsal’s freedom from audit conflicts [as opposed to the Big Four for instance] ensures the continued advancement of our offering across the region. We already have the most comprehensive service and geographical coverage of any independent firm with more growth still to come.”

In Italy, the Financial Restructuring Advisory practice is led by Jacopo Barontini, who joins the firm from Deloitte, where he was a partner. At the Big Four, Barontini helped setup the Restructuring practice and co-led its growth to its current size of thirty. His track record spans more than 20 years of experience in financial restructuring and (distressed) transactions. 

Barontini specialises in domestic and cross-border restructurings, refinancing and reorganisations, and has advised corporate clients, lenders, and borrowers on complex transactions in both in-court and out-of-court restructurings across multiple industries and jurisdictions. Recent transactions include Fintyre (lender advisory, 2020), Prometeon (lender advisory, 2019) and Roberto Cavalli (special situation advisory, 2019). 

Alberto Franzone, a Managing Director in A&M Italy’s Restructuring & Turnaround practice, said, “Jacopo’s appointment enhances our integrated financial advisory practice and our ability to provide cross functional turnaround services and solutions that drive change. His expertise dovetails with both our lender and corporate clients’ deal and post-deal needs today and moving forward.”

In Italy, Alvarez & Marsal is based in Milan.