• The new Managing Director Nuno Nogueira da Silva joins alongside Senior Director Tiago da Silva to build AM&'s local practice

  • The moves – both from EY – build the firm's expertise since its launch in Lisbon last year

Lisbon, 5 April 2024: Global professional services firm Alvarez & Marsal (A&M) has announced the entry of its Financial and Operational Restructuring practice into the Portuguese market. Nuno Nogueira da Silva, appointed Managing Director, together with new Senior Director Tiago da Silva, will work closely with Managing Director and European restructuring lead Richard Fleming, to support local corporate clients.

Mr Nogueira da Silva brings 24 years of experience as a corporate finance adviser. He joins from EY, where he spent seven years leading the firm's Turnaround and Restructuring Strategy team in Lisbon, Angola and Mozambique, and served as an active member of the Europe West TRS leadership team.

Mr Tiago da Silva also specialises in advising lenders and borrowers in stressed and distressed situations, bringing more than 15 years of restructuring experience.

Both count on expertise across a range of industries – from real estate, manufacturing, agribusiness, automotive, transportation and logistics, to IT, media, energy, construction and utilities across Europe and Africa.

The latest appointments come as part of a significant period of growth for A&M's local European footprints. Led by Managing Director Mário Trinca, the firm's Lisbon office continues to expand, in line with its commitment to increasing its offer to clients in the Portuguese market.

Mr Nogueira da Silva said: "Restructuring is in A&M's DNA, and I am excited to be a part of the firm's global success story today. The team is fast-growing – all leaders in their field, hands-on problem solvers and value creators. I look forward to helping our clients secure insights across the firm's network, and to continuing its long tradition of serving as a trusted partner in turnaround."

Mr Trinca added: "I am delighted to welcome Nuno and Tiago to the team. Bringing A&M's dedicated restructuring capabilities to Lisbon, with experts of their calibre, was the natural next step in the firm's integrated expansion strategy. Our exciting development in Portugal echoes the firm's 24 percent global growth rate at FY23, and I look forward to building on this by bringing onboard new colleagues in the very near future."

Prior to joining A&M, the two professionals' experience included advising Portugal's main airline in the insolvency process of its ground handling operator. They provided buy-side assistance to two of the world's largest hedge funds in the acquisition of several NPL portfolios in Portugal, at a gross value of more than €4 billion. They advised one of Portugal's largest chemical groups on the refinancing of all of its debt of more than €200 million, and on obtaining an additional funding of €30 million to comply with its investment plan.

They supported one of the Portugal's largest construction groups, with operations across Europe, Africa and South America, on the restructuring of its financial debt of some €800 million. They also advised one of the largest Portuguese pharmaceutical groups on the strategic restructuring means of significantly increasing its capacity to meet its financial obligations of around €300 million.

Additionally, Mr Nogueira da Silva advised a UK investment fund on the turnaround of a Portuguese cable producer company.

Mr Nogueira da Silva earned a bachelor's degree in economics from Universidade Lusíada in Lisbon. He was awarded the Turnaround Management Association with the best International Company Turnaround of the Year in 2020. Mr Tiago da Silva earned a bachelor's degree in economics from Instituto Superior de Economia e Gestão in Lisbon. Portuguese nationals, both are fluent in Portuguese and English.