Alvarez & Marsal appointed Ali Anwar a managing director and the Middle East practice leader of the firm’s global transaction advisory group, based in Dubai.
Global Eagle Entertainment completed the sale of substantially all of its assets to a group consisting of its first lien investors. Global Eagle’s new owners include certain funds managed by affiliates of Apollo Global Management, among others.
Alvarez & Marsal named Paul Fanella a managing director in supply chain services within its corporate performance improvement practice. Fanella previously worked for EY and Accenture.
Alvarez & Marsal appointed John McLean III a managing director in the firm’s healthcare industry group. McLean, who will be based in Atlanta, has two decades of experience transforming health systems.
Alvarez & Marsal appointed Hameer Vaid a senior director in the firm’s private equity performance improvement group in New York. Before joining A&M, Vaid spent six years with PwC’s real estate advisory practice in New York.
Sycamore Partners, KKR, Blackstone Credit and other first lien term lenders delivered $225 million in new capital for Belk in the company’s restructuring support agreement.
Diamond Offshore Drilling entered into a plan support agreement with holders of more than 70% of each of its senior unsecured notes and revolving credit facility loans regarding a financial restructuring transaction that will deleverage the company’s balance sheet.
Alvarez & Marsal promoted 37 professionals across Benelux, Brazil, Germany, India, Italy, Sweden, the United Kingdom and the United States to the position of managing director.
Alvarez & Marsal is serving as restructuring advisor to Superior Energy Services in the company’s recently approved Chapter 11 plan of reorganization, in which the company’s $1.3 billion in debt would be converted into equity and the company would emerge debt free.
Global professional services firm Alvarez & Marsal appointed Patrick Hickey a managing director in its Houston-based energy group, which is within its corporate performance improvement practice. Hickey most recently served as a senior advisor to Post Oak Energy Capital.