Elan Ben-Avi

Managing Director
20+ years of experience in restructuring advisory, special situations investing, and executive management
Specializes in leading multinational restructurings, operational turnarounds, and distressed transactions, with extensive experience in infrastructure, consumer, and retail industries
Expertise in liquidity management, business plan assessment, and developing operational, financial, and strategic solutions for distressed companies and their stakeholders
New York
@alvarezmarsal
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Elan Ben-Avi is a Managing Director with Alvarez & Marsal Restructuring & Turnaround in New York. He has 20+ years of experience in restructuring advisory, special situations investing, and executive management.

Mr. Ben-Avi has vast experience serving as Financial Advisor and Interim Manager to companies and investor constituents in multinational restructurings, both in and out of court. His career spans a wide variety of industries, including infrastructure, retail, consumer packaged goods, wellness, publishing, and business services. Most recently, Mr. Ben-Avi served as Chief Restructuring Officer of a Texas-based water company. His primary areas of focus are developing business turnaround plans and restructuring strategies, cash-flow forecasting and management, bankruptcy oversight, negotiating financings, and leading business and asset sales.

Prior to joining A&M, Mr. Ben-Avi served as Managing Director, Turnaround & Restructuring, at Ankura, where he was involved in restructurings on behalf of debtors, sponsors, and secured lenders. His roles at Ankura included Financial Advisor in an out-of-court restructuring of a US deepwater port and marine terminal, and Financial Advisor to the first lien lenders of a multinational B2B safety-shoe company, to the sponsor of a global consumer packaged goods company, and to Brooks Brothers and Payless ShoeSource in their respective Chapter 11 and Companies’ Creditors Arrangement Act proceedings.

Before joining Ankura, Mr. Ben-Avi was a partner at a private equity firm. Previously, he served as Director, Restructuring, at Getzler Henrich, representing debtors, sponsors, and creditors in various sectors. Mr. Ben-Avi has also held leadership roles with retail and consumer packaged goods businesses, including as Chief Operating Officer and board member of a national fitness company, Interim CEO and Chairman of a national beauty retailer, Chairman of a global accessories brand, and Interim CEO of a personal care business.

Mr. Ben-Avi earned a bachelor’s degree in finance from the State University of New York at Albany. He is a Certified Insolvency & Restructuring Advisor (expired) and a Certified Turnaround Professional (expired). Mr. Ben-Avi is Vice Chair of the audit committee for the NY City Chapter of the Turnaround Management Association, a member of the American Bankruptcy Institute, and a member of the UJA-Federation of New York’s restructuring committee.

Insights By This Professional

A&M welcomes Gaurav Malhotra within its North American Commercial Restructuring practice as a Managing Director and Executive Committee member.
A&M welcomes Elan Ben-Avi as a Managing Director in its North American Commercial Restructuring (NACR) practice.