• Alvarez & Marsal strengthens its commitment to promoting culture and supporting internationally renowned institutions in the artistic and performing arts sphere
• This collaboration forms part of the firm’s strategy of reinforcing ties with outstanding cultural initiatives aligned with its values of leadership, innovation and global reach

Madrid, 26ᵗʰ May 2026 – Global professional services firm Alvarez & Marsal (A&M) has become a new partner of Teatro Real – one of Spain’s leading cultural institutions and an international hallmark in opera.

The collaboration agreement was formalised during an event held at Teatro Real, attended by Ignacio García-Belenguer, General Director of Teatro Real; Cristina Almeida and Alejandro González, Co-Heads of A&M in Iberia; as well as Borja Ezcurra, Deputy General Director and Director of Sponsorship and Philanthropy, and Macarena de la Figuera Vargas, Director of Institutional Sponsorship and Events at Teatro Real.

The partnership reinforces A&M’s commitment to promoting culture and supporting institutions of excellence, in line with its contribution to initiatives with social, institutional and economic impact.

The alliance with Teatro Real is core to the firm’s strategy of building closer relationships with top-tier cultural institutions that share its values of leadership, innovation, excellence and international reach. A&M is prioritising the development of talent and creativity as drivers of impact and value creation.

Cristina Almeida, Iberia Co-Head and Managing Director of M&A Transaction Advisory Group at A&M, said: “At Alvarez & Marsal, we are proud to join Teatro Real as a collaborator. It is an institution that embodies Spain’s cultural excellence and its ability to project itself internationally. This collaboration reflects our commitment to initiatives that create value beyond the business sphere and contribute to the country’s cultural and social development.”

Additionally, Alejandro González, Iberia Co-Head and Managing Director of Private Equity Performance Improvement at A&M, said: “Teatro Real is an example of leadership, long-term vision, and the combination of tradition and innovation in cultural management. Alvarez & Marsal shares that commitment to excellence in execution, the highest standards in every challenge we take on, and the promotion of impactful projects that help strengthen Spain’s international standing across fields.”

Founded in 1818, inaugurated in 1850 and reopened as an opera house in 1997 after several years of closure for renovation, Teatro Real has established itself as one of Europe’s leading institutions in the world of opera. Its public-private management model, together with its commitment to artistic excellence, innovation and audience development, has positioned it as a cultural institution of global standing.

The alliance with A&M adds to Teatro Real’s partnership network, made up of companies and institutions committed to promoting culture as a driver of social cohesion and international visibility.

This collaboration also highlights the role of patronage and private-sector involvement in supporting and strengthening the country’s leading cultural institutions, helping to reinforce the sustainability of Teatro Real’s cultural model.

About Alvarez & Marsal

Founded in 1983, Alvarez & Marsal is a leading global professional services firm. Known for its leadership, action and results, Alvarez & Marsal provides advisory, business performance improvement, and transformation and restructuring services, delivering practical solutions tailored to each client’s specific challenges. With a global network of senior leaders with extensive operational experience, top-tier consultants, former regulators and leading industry experts, Alvarez & Marsal helps boards of directors, private equity firms, law firms and public sector bodies drive transformation, mitigate risk and create value at every stage of growth.

For more information, visit: AlvarezandMarsal.com

CONTACT: globalmedia@alvarezandmarsal.com