Alvarez & Marsal LLC has announced the expansion of its global transaction advisory group into Spain, with the appointment of two Madrid-based managing directors, Cristina Almeida and Ignacio Basagoiti, as the professional services firm implements its global strategic growth plan.
The newly established team in Spain will work with the transaction advisory group’s existing teams around the world, as they meet both local market demands and growing cross-border due diligence and M&A advice requirements from private equity and corporate clients.
Both join from Deloitte. Almeida served as a partner within Deloitte’s financial advisory team and headed both the financial institutions transactions group and the ESG transactions practice in Spain. She has more than 20 years’ experience advising on M&A deals in a range of different sectors throughout Europe, Latin America and the Middle East and working with strategic and private equity clients.
Basagoiti served in Deloitte’s transaction services department in Spain, co-heading the financial services team and spearheading the transactions sustainability practice. He has more than 13 years of experience in large and middle-market deals for both private equity and strategic buyers and sellers.
Separately, A&M has hired Jens Nawrath as a managing director in its debt advisory team in Frankfurt, where he will bolster the firm’s restructuring offering. His skills will be deployed in both A&M’s European debt advisory team and in conjunction with the financial restructuring advisory team.
Nawrath also joins from Deloitte and headed its German debt and capital advisory team and cross-border debt financings. Before that he spent more than 20 years with German lender Commerzbank AG, latterly serving as head of portfolio management and of equity and secondary markets in the bank’s restructuring division.
His appointment comes after A&M bolstered its European debt advisory practice in May with the hires of Floris Hovingh as managing sirector in London and Axel Rink, also from Deloitte’s German debt and capital advisory team, in Frankfurt.
KKR & Co. (KKR) has appointed Ajay Kavan as a senior adviser on European investment activities in technology and digitally enabled businesses as well as advising its portfolio companies.
Kavan, who will be based in London, most recently served as CEO of Matchesfashion Ltd. According to Boardex, a relationship mapping service and a sister company of The Deal, he led the luxury fashion retailer between March 2020 and March 2021, supporting it through the impact of the pandemic.
Before that, the Harvard Business School alumnus spent nine years in senior roles at Amazon.com Inc. (AMZN), including as vice president of international special projects, VP of Amazon Fresh International and VP of U.K. consumables. He was responsible for launching Amazon Fresh across Europe and Asia; developing strategic partnerships with retailers, including Wm Morrisons Supermarkets plc in the U.K.; and developing its international physical stores. He also led Amazon’s subscription businesses across the European Union and scaled Amazon businesses across multiple categories.
Middle-market private equity firm Perwyn LLP has hired Chris Pape as a portfolio director and member of its portfolio committee in London.
Pape, who joins from the restructuring services team of Deloitte, where he was a multi-disciplinary project director advising private equity-backed businesses, large corporations and listed companies.
Perwyn founder and managing partner Andrew Wynn said in a statement that Pape would be involved in both the firm’s private equity and growth capital funds.
Squire Patton Boggs LLP has hired Steven Ward to expand its financial services practice group and spearhead the development of a new funds practice in London.
Ward joins from Paul Hastings LLP, having worked before with Squire Patton Boggs private equity partners Ben Squires and Julian Thatcher. His practice focuses on on the formation, operation and regulation of private investment funds and their operators, targeting asset classes including private equity, hedge, debt, infrastructure and venture capital.
“This presents a great opportunity to build an international funds platform across multiple sectors and also to work with some old friends,” Ward said in a statement.
Kirkland & Ellis LLP has hired Raphaël Bloch as a partner in the European investment funds group in Paris.
He joins from the Paris office of Willkie, Farr & Gallagher LLP, where has advised investment fund sponsors on the operation of fund across the alternative assets spectrum, including private equity, credit and real assets, as well as on general partner-led fund restructurings and other transactions.
London-based investment funds partner Richard Watkins described Bloch in a statement as “the standout choice” to spearhead the expansion of the firm’s European investment funds practice into France.
Hogan Lovells has appointed corporate and finance partner José Luis Vázquez to be managing partner in its Madrid office, where he will balance his new responsibilities with the leadership of the banking and finance practice in the Spanish capital. He takes over the role from Lucas Osorio, who will return full time to his practice after seven years as managing partner.
Goodwin Procter LLP has appointed Oded Schein as a partner in its tax practice in Germany. Schein, who joins from Kirkland & Ellis, will be resident in Munich. Because the firm does not have a Munich office, however, he will be working on a remote basis..
He provides tax-related advice to sponsors on cross-border private equity transactions as well as focusing on the structuring of investment vehicles for commercial and private investors. He also advises on restructurings and complex corporate reorganizations.