Manuel Cortés is appointed as Managing Director, providing in-depth valuations expertise and boots-on-the-ground experience
Madrid – July 28, 2022 – International global consulting firm Alvarez & Marsal (A&M) has established a Valuation and Business Modelling practice in Spain, led by newly appointed Managing Director Manuel Cortés. Mr.Cortés’ hire marks the latest milestone of A&M’s strategic growth plan following on the recent appointment of Madrid-based Restructuring & Turnaround Managing Director, Pablo Blanco.
A&M Spain Valuation and Business Modeling & Analytics practice will advise companies, private equity (PE) funds, hedge funds, investment banks and other entities on business valuation issues along with the financial analysis of assets and business plan reviews.
In his leadership role, Mr. Cortés will focus on financial analysis for transactions and potential litigation issues along with accounting and corporate valuation requirements. His extensive experience across multiple sectors including banking, payment systems, asset management, small caps, automotive, energy, real estate and technology enhances A&M’s ability to solve for clients’ complex problems.
Fernando de la Mora, Managing Director and Head of Alvarez & Marsal Spain and Portugal, said: “Spain’s rapid growth over the last year has resulted in increased demand for different lines of services across the region. Our Valuation and Business Modelling & Analytics offerings will help meet the market’s needs given growing regulatory requirements and heightened PE activity. Manuel’s in-depth valuation knowledge of mergers and acquisitions, strategic plans, tax litigation and accounting policies augments will help our clients navigate challenges and maximize value. His expertise compliments our lines of service, aligns with our operational heritage and furthers our competitive position locally and internationally.
Mr. Cortés has more than 15 years of valuations experience. He specializes in sale and purchase processes and preparing valuation and due diligence reports for companies, private equity funds, hedge funds, investment banks and other financial services companies. Before joining A&M, he served in the Valuation Department of PwC becoming Director of Transactions and Financial Services. During that period, Mr. Cortés participated in the reorganization of the Spanish financial sector, collaborating with various financial institutions and PE funds on different asset divestment and merger processes. Prior to this, he was part of BBVA’s Equity Research team.
Richard Bibby, Managing Director and EMEA Practice Leader of A&M Valuation Services, said “Manuel’s appointment enhances our senior leadership capabilities in Spain complementing our EMEA growth strategy. His individual and collective expertise augments our ability to create value on the ground and across EMEA for clients.”
Mr. Cortés earned a degree in Industrial Engineering from Universidad Pontificia de Comillas and an MBA from Instituto de Empresa.