AlixPartners hires PwC recovery expert

The turnaround specialist has expanded its London team with the appointment of former PwC partner Stephen Taylor.

Corporate restructuring and turnaround firm AlixPartners has hired former PricewaterhouseCoopers partner Stephen Taylor as managing director of its London office in January 2006.

Prior to AlixPartners, Taylor was leader of the business recovery unit at PricewaterhouseCoopers in Frankfurt. At PwC, he assisted clients by analysing their market positions and cost structures, determining appropriate benchmarks and milestones, negotiating debt and capital structures, and identifying short- and long-term strategies.

Taylor has also advised international political and financial institutions on the development of best practices in the field of insolvency and business recovery, including The World Bank Group, The European Commission, and the Commonwealth Development Corporation.

According to AlixPartners, Taylor has over twenty years of experience as a specialist in international business recovery, serving clients across Europe, the Middle East and Africa, as well as experience in Asian markets, including Japan and Thailand. His industry expertise includes textiles, manufacturing, retail and real estate.

“Stephen will add tremendous experience and bench strength to our European practice,” said Peter Fitzsimmons, co-leader of AlixPartners’ European practice in a statement. Fitzsimmons has headed up the London office since it was opened in January 2003.

Founded in 1981, AlixPartners has over 450 employees in its Chicago, Dallas, Detroit, Düsseldorf, London, Los Angeles, Milan, Munich, New York, San Francisco and Tokyo offices. The firm’s most recent European private equity deal was the May 2004 restructuring of London-headquartered offshore oil company, Stolt Offshore.