Alvarez & Marsal has expanded its debt advisory enterprise within the North West of England.
The skilled companies agency has appointed Jane Hartley as senior director of its debt advisory group and an unnamed “director with an asset-based finance background” who is ready to hitch in early 2024.
The 2 new hires will work with senior director Jane Chadwick, who joined in March.
The group might be based mostly in Manchester, representing the agency’s first on-the-ground debt advisory presence within the area.
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“In a troublesome macroeconomic surroundings, notably amid larger rates of interest, extra companies are in search of debt recommendation to place themselves on this new context, whether or not that’s by way of refinancing, executing a transaction or supporting the subsequent section of development,” mentioned Tim Metzgen, managing director, European head of debt advisory at Alvarez & Marsal.
“Because the market alternative widens, we’re investing in our rising debt advisory group given the market alternative for impartial recommendation. Jane Hartley and Jane Chadwick, deliver a wealth of expertise in advising purchasers within the North-West and throughout the UK.”
Hartley has greater than 20 years of trade expertise throughout company and structured debt finance and advisory. In her new position, she’s going to deal with leveraged finance, serving to predominantly non-public fairness backed corporations to supply, negotiate and amend debt finance through a broad vary of constructions.
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She beforehand held the place of director in EY’s capital & debt advisory group and earlier than that, she spent virtually 10 years at Yorkshire Financial institution offering bespoke debt funding options to SMEs and mid-market corporates within the North-West.
“Becoming a member of A&M has given me the chance to take a client-first method to debt recommendation, making certain that purchasers, no matter their state of affairs, have entry to the assist they should navigate the more difficult market situations,” mentioned Hartley. “Within the final decade, the debt advisory market has developed quickly, changing into more and more broad and complicated. On the identical time, during the last 18 months, credit score urge for food has additionally developed, which means that many companies are required to look outdoors of extra conventional channels to safe the funding they want. With A&M’s distinctive, entrepreneurial and built-in service providing, we’re completely positioned to assist our purchasers obtain their targets.”
Chadwick has spent greater than 12 years working within the debt markets at Rothschild, HSBC and latterly KMPG the place she was accountable for main the debt advisory group’s work with publicly listed corporations and enormous corporates throughout the regional panorama.
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“During the last six months, the urge for food and wish for impartial debt recommendation available in the market has turn out to be more and more evident. A&M’s vary of service strains and our important presence within the regional UK market is a key differentiator,” she mentioned. “With the addition of latest colleagues in debt advisory within the area, it would place us to handle the vary of conditions and necessities our listed and personal purchasers may want whether or not for development capital or the place enterprise plans are underneath extra stress.”
Alvarez & Marsal mentioned that Chadwick’s deal with offering strategic recommendation to giant corporates compliments the debt advisory group’s company consumer base throughout the EMEA area, while Hartley’s expertise in leveraged finance transactions will assist the agency’s new M&A observe.
The group might be supported by Josh Highley, an affiliate director, who joins from London.