Madrid – Global professional services firm Alvarez & Marsal (A&M) continues the expansion of its Financial Restructuring capabilities in Europe with the hiring of two new Managing Directors in Spain. Mikel Ortega, who will lead the Financial Restructuring team in Spain, joins with a primary expertise in advising both lenders and corporates in restructuring situations. Yago Fernández joins the team with a focus on distressed debt advisory services.

A&M currently offers Restructuring, Corporate Transformation, Disputes & Investigations, and Private Equity Services, along with Financial Institution Services to Spanish clients from their Madrid office.

Mr. Ortega brings over 20 years of experience in Transaction Advisory Services and Restructuring. His main areas of expertise are advising both lenders and corporates in restructuring situations and negotiating with different stakeholders to add value to the viability of companies. Mr. Ortega has worked with clients across a range of industries, including fashion retail, construction, real estate and industrial products. Prior to joining A&M, he spent seven years with EY, where he served as Head of the Spanish Restructuring business.

Mr Fernández brings over 16 years of experience in transaction advisory, restructuring and debt advisory. His primary area of expertise is advising distressed companies, lenders and creditors covering the restructurings of multiple industries including manufacturing, retail and A&T. During his career, he has led the debt raising for the development of several real estate projects in Spain with both banks and direct lending funds. He has also spent significant time on projects involving companies across Europe and South America. Before A&M, Mr. Fernández spent seven years with EY where, along with Mr Ortega, he started the Restructuring practice in Spain.

Over the last year, A&M’s Financial Restructuring team has expanded its service offerings across EMEA having built new practices in France, Switzerland, and the Nordics. Going into the end of 2020, the firm is continuing to invest in developing its pan-European Financial Restructuring business with further senior hires joining later this year in the U.K. and the Nordics as well as further plans for other key European markets.

Mr. Ortega comments “Yago and I are both thrilled to be joining the firm to launch and develop the Financial Restructuring practice in Spain. A&M has established itself as a leader within the Restructuring space, and we look forward to working to help our Spanish clients navigate these unprecedented times.”

Fernando de la Mora, Country Head of A&M Spain, comments “I am very excited to have Mikel and Yago joining the firm to launch and develop our Financial Restructuring practice in Spain. We expect large amount of activity in the areas of bank debt refinancing and restructuring due to Covid-19. Mikel and Yago join us at a perfect time to help Spanish banks anticipate credit problems and implement solutions to promote viability of Corporates and SMEs in Spain.”

Paul Kirkbright, Head of EMEA Financial Restructuring Advisory at A&M, said, “This has been a tremendous year of growth for our team against the backdrop of a highly volatile market, and we are very pleased to be continuing our expansion in Europe with the hiring of Mikel and Yago in Spain. They will be supported locally by our existing Spanish team who are already very well established within the local market. Following the successful launches across Continental Europe earlier this year, this step will support the wider EMEA Financial Restructuring team as we continue to develop our independent, multi-disciplinary services on local and cross-border projects.”

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Contact:

Miriam Jones, Senior Marketing Manager, Alvarez & Marsal, mjones@alvarezandmarsal.com

Pablo Zamorano / Mónica Pastor

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