Alvarez & Marsal (A&M) was recently engaged by a leading European heating, ventilation and air-conditioning (HVAC) equipment manufacturer to provide visibility on EBITDA performance and 2023 outlook.
The HVAC market has recently faced a major shift in technologies, induced by energy transition. Traditional products (i.e., gas boiler) are replaced by low/no-emissions products (i.e., heat pumps). Momentum is mainly driven by state regulation and government subsidy programs.
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Case Study: Aareal Bank AG - inaugural SRT
October 31, 2025
A&M's Structured Credit Execution and Advisory team was the sole arranger for Aareal Bank AG’s (Aareal) first synthetic significant risk transfer (SRT) securitization referencing a €2 billion commercial real estate (CRE) portfolio partnering with funded and unfunded investors.
US Commerce Seeks Public Input on the American AI Exports Plan: What US Exporters and Foreign Buyers Need to Know
October 30, 2025
The US government is seeking public input on a new AI exports initiative that could reshape how American technology is deployed abroad. Randall Cook, Kevin DeVilbiss, and Bridget Johnson examine the proposed American AI Exports Program, its focus on full stack AI solutions, and the national security considerations shaping its design.
Beyond Secrecy: Building a Culture That Stops Fraud at the Top
October 30, 2025
In this article for Raising the Bar, Director Robert Cruse outlines how to align culture and controls with enforcement trends under the FCPA and the EU Whistleblower Directive, including ensuring independent oversight and protected channels for insiders to speak up.
The Hydrogen Fuel Cell Market and Its Automotive Applications
October 30, 2025
This edition of the Automotive Industry Spotlight will focus on the hydrogen fuel cell market and potential growth in its automotive applications.
