Leading global professional services firm Alvarez & Marsal (A&M) announces that it has expanded its Debt Advisory team in Europe with the appointment of Floris Hovingh as a Managing Director in London, Axel Rink as a Senior Director in Frankfurt, and Atif Malik as a Director in London. All three bring over 20 years+ each of debt advisory and banking experience to the growing A&M debt advisory practice.
Mr. Hovingh has over 20 years of experience advising clients across a wide range of industries in Europe, the U.S., and the Middle East on finding the right debt solutions. His clients include private equity-owned, listed, and family- and founder-owned businesses. He has raised more than £20 billion of debt capital during his career to support a variety of situations, including leveraged buyouts, refinancings, recapitalisations, working capital solutions, and debt restructurings. At A&M, he will provide clients with independent advice on accessing and managing their interactions with the international debt markets.
Prior to joining A&M, Mr. Hovingh was Partner and Head of the Alternative Capital Solutions (ACS) team at Deloitte Debt Advisory in the U.K.for 12 years, having founded the ACS team. Prior to this, Mr. Hovingh worked for HBoS and NIBC leveraged financing teams for 8 years. During his time at Deloitte, he advised on a number of high-profile leveraged finance transactions including the refinancing and acquisition funding for Apex Fund Services, Stiga garden products refinancing, and the acquisition of Theorem by Chiltern.
Mr. Rink has over 20 years experience working with clients across a range of financing mandates, predominantly in the DACH region. Before joining A&M, Mr. Rink was co-head of Deloitte Debt Advisory in Germany. Mr. Rink has advised across a range of private equity-backed and privately held companies. Before his time at Deloitte, Mr. Rink spent 5 years with the European investment teams of Strategic Value Partners and Hudson Advisors/Lone Star Funds. He started his career in investment banking at Dresdner Kleinwort and HVB Group.
Mr. Malik has over 20 years of banking experience across the EMEA region, most recently in debt financing at Barclays where he had been the head of loan syndications for the Corporate Bank. His experience spans across the range of debt markets (including both corporate banking and capital markets) and a range of sectors. He has led the execution of over 100 facilities, including the development of the ESG loan market, for a number of listed and private corporate clients.
Tim Metzgen, Managing Director and Head of Debt Advisory with Alvarez & Marsal in London, said: “Current market conditions are leading to more of our clients seeking debt advice leading to the continued growth of our Debt Advisory team across Europe. Our ability to work closely with the range of A&M’s teams across different service lines being a key element for our clients. The addition of Floris, Axel and Atif further enhances the hands-on and solution-focused services we are able to offer. They bring significant expertise in finding the best funding solutions.”
Commenting on his decision to join A&M, Mr. Hovingh said: “The pandemic has presented our clients with unique funding challenges. The good news is that there is an unprecedented amount of capital in both public and private markets that is looking for a home, and we’re optimistic about growth prospects for many of our European clients. I’m excited to be joining the dynamic and entrepreneurial A&M business allowing me to advise and support my clients (as well as the firm’s) across the full breadth of A&M’s services. A&M’s focus on providing clients with independent and in-depth solutions to complex problems resonates with my approach and I look forward to continuing to grow the debt advisory business.”
A&M’s Debt Advisory practice is primed for significant growth since its launch in 2019 with the appointment of Tim Metzgen as Managing Director and Head of Debt Advisory. The current European team is continuing to expand at pace, with a number of experienced hires and recognised market leaders in debt advisory and banking with a focus across Europe out of its offices in London and Frankfurt.
Sourced from Alvarez & Marsal