Alvarez & Marsal

Alvarez & Marsal has announced that Peter Briggs, a managing director specialising in corporate restructuring and crisis management, has been named head of operations in Germany and Central and Eastern Europe. Briggs, who has more than 20 years of restructuring experience as a manager, creditor and investor in North America and Europe, will work to increase A&M's European presence by cultivating teams of in-country nationals who are focused on executing corporate turnarounds and performance improvement strategies. As the concept of corporate restructuring/renewal becomes more accepted in Europe, A&M will expand its approach of working with management and stakeholders to guide organisations through operational and financial challenges to maximise value and favourably influence results. Prior to joining A&M, Briggs served as a senior credit officer for the Citigroup US leveraged finance portfolio. During 16 years with Citigroup, his roles included managing the asset based finance business in New York focused on LBO, DIP and reorganisation financing, and various European management roles including leading the Citicorp venture capital, corporate finance and investment management businesses regionally in Central and Eastern Europe, and as corporate bank head for the Czech Republic. While with A&M, Briggs has led both in and out-of-court financial and operational restructuring projects such as strategic plan development, business unit reorganisation, plant and distribution center consolidation, asset sales, and M&A transactions. He has served as the chief restructuring officer for multinational textile maker Galey & Lord, senior advisor to Mexican denim producer Parras, chief restructuring advisor to Tropical Sportswear Int'l Corporation, chief operating officer of healthcare finance company National Century Financial Enterprises, Inc, chief restructuring officer for Consumer Financial Services to retailer The Spiegel Group (Eddie Bauer), senior advisor to law firm Jenkens & Gilchrist PC, chief restructuring advisor to auditor Thomas Havey LLP, and co-chief restructuring advisor to Arthur Andersen LLP.

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• DACH
• Healthcare
• Consumer