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
Recent focus on industrial, maritime, consumer packaged goods, and retail industries
New York
@alvarezmarsal
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Elan Ben-Avi is a Managing Director with Alvarez & Marsal Restructuring & Turnaround in New York. He brings 20+ years of experience in restructuring advisory, special situations investing, and executive management.

Mr. Ben-Avi has significant experience serving as Financial Advisor and Interim Manager to companies and investor constituents in multinational restructurings, both in and outside of court. His career spans a wide variety of industries, including infrastructure, retail, consumer packaged goods, wellness, publishing, media, and business services. His primary areas of concentration 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 Consulting, where he was involved in restructurings on behalf of debtors, sponsors, and secured lenders. Mr. Ben-Avi’s engagements included Financial Advisor in an out-of-court restructuring of a U.S. deep water port and marine terminal and Financial Advisor to the 1L lenders to a multinational B2B safety shoe company, to the sponsor of a global consumer packaged goods company seeking to address liquidity challenges, and to Brooks Brothers and Payless Shoes in their respective Chapter 11 and Companies’ Creditors Arrangements Act proceedings.

Before joining Ankura, Mr. Ben-Avi was a partner at a lower-middle-market-focused private equity firm. Previously, he served as Director, Restructuring at Getzler Henrich, representing debtors, sponsors, and creditors in the retail, consumer, wellness, jewelry, publishing, apparel, music, manufacturing, and industrial sectors. Mr. Ben-Avi has also held leadership roles with retail and consumer packaged goods businesses, including as COO 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 an Audit Committee Member for the NYC Chapter of the Turnaround Management Association, having previously served on its Pro Bono Committee, and a member of the American Bankruptcy Institute.

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.