Alvarez & Marsal (A&M), a US-based advisory firm known for its turnaround and restructuring related practices, has expanded its India business with the launch of private equity performance improvement (PEPI) services in the country, according to a press release.
Under the new consulting division, A&M will offer pre-acquisition operating due diligence, post-acquisition 100-day planning, implementation and support on performance improvement to portfolio companies.
“The PEPI practice has been established in India with an aim to expand our capabilities to better advise private equity companies on their potential investments as well as increase the value of their investments,” said Sankar Krishnan, managing director and co-head of A&M India.
A&M had established its India presence in 2008 and has been so far offering turnaround and restructuring advisory, interim and crisis management, performance improvement and transaction advisory services to PE firms, local and multinational companies and banks.
“With the launch of the new practice, A&M strengthens its due diligence thereby offering clients a more integrated approach when assessing transactions,” he added.
The company has also appointed Amith Karan as managing director of PEPI practice.
Prior to joining A&M, Karan worked with research and analytics firm Aranca and before that with consulting firm McKinsey. The firm will also hire 15 more consultants.
“This year, we have seen growth in investments and increased investor interest in Indian companies with demand for operationally oriented due diligence services continuing to rise among private equity and corporate buyers. A&M’s performance improvement practice will enable deal-markers/PE backed companies to adapt businesses, become more agile and efficient and in the long run enhance profitability,” said Vikram Utamsingh, managing director and co-head of A&M.
In the PEPI services space in India, A&M will be competing with consulting firms such as Bain Capital, McKinsey and EY.