Turnspire Capital recruits four operating partners

Turnspire Capital Partners has recruited Joseph Bondi, Mark Borseth, Neil Minihane and Val Shtraks as operating partners. Previously, Bondi worked at Alvarez & Marsal where he was a managing director; Borseth is a former CFO at Constar International; Minihane is the principal and founder of Turn Works; and Shtraks is a co-founder and managing partner of Bath Authority.


BCG appoints Alvarez & Marsal partner

Russell Kellner recently joined the BCG Boston office as a partner from Alvarez & Marsal where he was a managing director and led their commercial due diligence practice. Prior to A&M, Kellner spent 8 years at Bain & Company, most recently as a principal and member of their private equity and financial services practices.

Khan Joins Alvarez & Marsal

Osman Khan has joined Alvarez & Marsal as an MD in the Transaction Advisory Group. He will be based in New York. Khan was previously with PricewaterhouseCoopers’ Transaction Services practice.

Oregon Commits $400M To Several PE Strategies

The Oregon Investment Council, one of the nation’s largest private equity investors, committed $400 million across five funds since its previous meeting, according to the meeting minutes and the council’s spokesman, James Sinks. The new commitments are the first under the council’s new chief investment officer, John Skjervem, who began the job in November.

Kellner Joins Alvarez & Marsal

Alvarez & Marsal said Monday that Russell Kellner has joined the firm’s private equity services group as an MD based in Boston. Most recently, Kellner was a principal at Bain & Company.


Centerbridge Partners Acquires Aquilex

Aquilex Holdings said Friday that it has financially restructured its debt and is now majority owned by Centerbridge Partners. Also, Aquilex CEO and President Bill Varner is retiring while Donovan Boyd was named chairman of the board. Rothschild provided financial advice to Aquilex, while Alvarez & Marsal was restructuring advisor. Aquilex provides maintenance, repair and industrial cleaning solutions to the energy industry.

Alvarez & Marsal Expands into Asia

The professional services firm Alvarez & Marsal, which advises PE firms, hedge funds, and corporates and already has roughly 40 offices around the globe, has just opened a new office in Hong Kong. The office will be led by Managing Director Thomas Jones and Oliver Stratton, formerly the head of Bain & Co’s Hong Kong […]

Jeff Schlosser Joins Alvarez & Marsal

Jeff Schlosser has joined Alvarez & Marsal as a New York-based managing director in the firm’s private equity services operations group. He previously was national partner-in-charge of KPMG’s business due diligence group.

Alvarez & Marsal Staffs Up

Alvarez & Marsal has added nine senior professionals to its private equity performance improvement unit: Ron Bernard and Stephen Griffin as managing directors in New York and Boston, respectively; Joel Mostrom as a senior director in New York; Paul Kosturos as a director in San Francisco; and Fabiana Fakhoury, Simon Flax, Jeffrey Klein, Jennifer Kim and Daniel Schellenberg as directors in New York. Bernard previously was president of LWB Media Consulting, while Griffin was founder of G5 Capital.

A&M Forms Distressed M&A Team

LONDON (Reuters) – Turnaround consultancy firm Alvarez & Marsal (A&M) said on Monday it had created a new European M&A advisory team to cater for growing demand for specialist advice on takeovers of distressed companies. The move, which sees 12 new advisers join the firm, underscores expectations of a bumper year for deals involving companies […]

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