“The initial purpose of our Shanghai office is to support AlixPartners’ clients outside of China that have China-based challenges and opportunities,” said Stefano Aversa, co-president of AlixPartners. “A significant number of multinationals operating in China are underperforming relative to any objective business metric.

“Building on AlixPartners’ many years of experience in China already working on dozens of different assignments,” he continued, “we are now taking this significant step forward in our ability to serve both corporate and financial clients who are no longer satisfied with substandard returns, or who are looking to invest wisely in China.”

Aversa went on to note that AlixPartners has been doing business in China for more than a decade, and that the firm has built a local team of professionals with knowledge and capabilities focused on the unique business requirements of the Chinese market.

Some of the firm’s recent engagements in China have included helping a German electronic components company establish a manufacturing base; assisting a U.S. auto supplier access lower-cost parts and materials from China; serving as interim CFO and interim treasurer for a Fortune 500 company that acquired a majority interest of a Chinese retailer; assisting a Fortune 500 company in due diligence to address regulatory compliance of its China operations in connection with a pending “carve-out” of two of its business lines; and assisting a U.S.-based telecom-equipment company in a litigation matter regarding a potential breach of contract with a Chinese-based partner.

Keith Gillespie, a managing director at AlixPartners and the executive in charge of the firm’s China expansion, said, “While the initial focus of AlixPartners’ new China office is on serving managements and owners of MNCs, in 12 to 18 months we plan to have the capability to assist two other entities as well: Chinese state-owned enterprises, or SOEs, and banks interested in improving their China loan portfolios.”

Said Aversa: “AlixPartners, with its reputation for senior people, fast results and operational as well as financial expertise, is now better equipped than ever to help clients turn promises into profits in China.”

AlixPartners’ new office is located at Plaza 66 Building II; 1366 Nan Jing West Road; Shanghai, 200040, China. The telephone number is: +8621.6137.6111.

About AlixPartners
AlixPartners LLP is an international restructuring, consulting and financial advisory services firm. The AlixPartners’ “one-stop-shop” suite of services range from operational performance improvement and financial restructuring across all major corporate disciplines (manufacturing, supply chain, IT, working capital, sales & marketing, etc.) to financial advisory services (including financial reporting, corporate governance and investigations) to restructuring and claims management. The firm has more than 600 employees, with offices in Chicago, Dallas, Detroit, Dusseldorf, London, Los Angeles, Milan, Munich, New York, Paris, San Francisco, Shanghai and Tokyo, and affiliates in Sao Paulo and Melbourne. It is on the Web at www.alixpartners.com.