Alvarez & Marsal Archives - Page 2 of 28

Air Methods Receives Court Approval for Financial Restructuring Plan

Air Methods, an air medical service provider in the U.S., announced the U.S. Bankruptcy Court for the Southern District of Texas confirmed the company’s prepackaged plan of reorganization. Air Methods expects to emerge from Chapter 11 bankruptcy before the end of the year.

Strategic Materials Files Chapter 11, Secures $23MM in DIP Financing

North American glass recycling company Strategic Materials filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. The company also secured new money commitments of $23 million for a debtor-in-possession financing facility.

Alvarez & Marsal Expands Performance Improvement Team in Asia with Senior Hires

Alvarez & Marsal extended its offerings in China and across Asia by doubling down on its investments in China and scaling up its performance improvement (PI) team in Asia, specifically appointing three new mainland China-based managing directors and two new senior directors.

Alvarez & Marsal Executive Change in Control Report Finds Average Payments Remain Substantial

According to Alvarez & Marsal’s 2023/2024 Executive Change in Control Report, average change in control payments remains substantial, averaging approximately $22.9 million for CEOs and approximately $7.3 million for CFOs.

November 20, 2023 Allison Hoeinghaus | Alvarez & Marsal | Brian Cumberland | J.D. Ivy Ian Koplin

Alvarez & Marsal Appoints Hopkins Managing Director in Disputes and Investigations Practice

Alvarez & Marsal appointed Brooke Hopkins a managing director in the firm’s disputes and investigations practice. Hopkins specializes in global and internal investigations, as well as internal controls remediation, compliance monitorships, and ESG compliance and risk programming.

November 17, 2023 Alvarez & Marsal | Brooke Hopkins | Jerry Dent | Steve Spiegelhalter Ian Koplin

Alvarez & Marsal’s ADAS Practice Doubles in Growth with New Appointments

Alvarez & Marsal’s aerospace, defense, aviation and space (ADAS) practice entered its third year of doubling in growth with the appointments of Pablo Wangermann and Joseph Perovich as managing director and senior director, respectively.

Sunlight Financial to Be Acquired by Solar Industry Investors, Files for Chapter 11

Sunlight Financial Holdings will be acquired by a consortium of established investors in the solar energy industry. As part of the process, Sunlight Financial has filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

Alvarez & Marsal Appoints Jibilian Managing Director in PSS Education Practice

Alvarez & Marsal appointed John Jibilian managing director in its public sector services’ (PSS) education practice. Jibilian advises institutions of higher education on envisioning, realizing and implementing operational capabilities that span student, faculty, staff and alumni services.

October 26, 2023 Alvarez & Marsal | Erin Covington | John Jibilian Ian Koplin

Alvarez & Marsal Appoints Waldrop as Managing Director in CPI Practice

Global professional services firm Alvarez & Marsal appointed Atlanta-based Kirk Waldrop as a managing director within its corporate performance improvement (CPI) practice.

October 18, 2023 Alvarez & Marsal | Kirk Waldrop | Sean Laffere Ian Koplin

Rite Aid Corporation Initiates Voluntary Chapter 11 Process

Rite Aid Corporation reached an agreement in principle with certain of its senior secured noteholders on the terms of a financial restructuring plan that will allow the company to accelerate its ongoing business transformation.

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