Alvarez & Marsal strengthens German restructuring and turnaround practice

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Alvarez & Marsal, an independent professional services firm that is managing the Lehman Brothers bankruptcy, has augmented its team in Germany by appointing Paul Taaffe as a managing director to its restructuring and turnaround practice.

Taaffe will be based in the Munich office and is to be responsible for providing turnaround management, operational improvement and restructuring services to private equity firms in Germany. He has advised German companies for 27 years and has had significant experience as a CFO to the portfolio companies of private equity firms such as CVC Capital Partners, Advent International and TPG’s German unit.

Peter Briggs, who oversees A&M’s restructuring and turnaround practice in Germany, said, “We are delighted to welcome a professional of Paul Taaffe’s calibre to our team of turnaround advisors and managers in Germany. He brings a combination of operating, consulting and financial expertise that will greatly assist private equity firms and corporates as they face the challenges of the coming months in Germany and across Europe.”

Taaffe has also held CFO positions at several US multinationals, including DELL, Lear Corporation, Nike and Pepsi Cola.

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