AlixPartners Bolsters Transformation and Restructuring Advisory Offering
Randall S. Eisenberg, Formerly of FTI, Joins to Co-Lead Practice With Alan Holtz

NEW YORK, Jan. 16, 2013 (GLOBE NEWSWIRE) -- AlixPartners, the global business-advisory firm, today announced a major commitment to and expansion of its advisory service offerings to underperforming companies and their constituents with the addition of Randall S. Eisenberg, a veteran practitioner with extensive experience advising senior managements, boards of directors and creditor constituents. Eisenberg, who most recently was a senior managing director in FTI Consulting, Inc.'s corporate finance and restructuring practice, joins AlixPartners' Alan Holtz as managing director to co-lead the Transformation and Restructuring Advisory Practice. Eisenberg will be based in New York, as is Holtz.

As part of AlixPartners' Turnaround & Restructuring Services business unit, and  complementing the firm's renowned interim-management capabilities, the Transformation and Restructuring Advisory Practice focuses on providing managements and boards of directors with world-class operational, strategic and financial advice on effectively managing through a transformation, turnaround or restructuring. In addition, the practice uses this same broad-based combination of business capabilities to provide a unique approach to advising creditor constituents seeking to maximize their return or recovery in underperforming situations.

Said Fred Crawford, CEO of AlixPartners: "AlixPartners is uniquely positioned to help clients in many different situations achieve better outcomes. With a long history serving clients in an advisory capacity, we are now making an even greater commitment to the Transformation and Restructuring Advisory Practice, led by Randall and Alan, both nationally recognized veterans."

Eisenberg, who has led many large, high-profile national and international transformation and restructuring assignments, has extensive experience in the development and implementation of effective turnaround strategies and in advising constituents seeking returns or recovery. His diverse background extends to numerous industries such as automotive, airlines, manufacturing, restaurants and retail, and he has served as a senior advisor to companies, secured lenders and unsecured creditors, as well as represented potential acquirers of distressed businesses. His high-profile engagements have included Delphi, Visteon, US Airways and Jackson Hewitt.

Said Eisenberg:  "I am extremely excited to be joining AlixPartners and am humbled by the tremendous talent the firm has to offer. The unparalleled operational expertise, significant functional depth and broad industry capabilities at AlixPartners provide me and the clients we serve with a unique platform for delivering unmatched service and effective results."

Prior to his joining FTI in 2002, Eisenberg was a partner in PricewaterhouseCoopers' business recovery services practice.   A certified turnaround professional and a certified public accountant, he holds a master's degree in management from Northwestern University and a bachelor's degree from the University of the Pacific.  Over the course of his career, Eisenberg has served as chairman of the Turnaround Management Association and president of the Association of Certified Turnaround Professionals.  He is a fellow at both the American College of Bankruptcy and the International Insolvency Institute, and serves as a trustee of Save the Children-U.S.

About AlixPartners

AlixPartners, LLP is a global business-advisory firm offering comprehensive services in four major areas: enterprise improvement, turnaround and restructuring, financial advisory services and information management services. Founded in 1981, the firm has offices around the world, and can be found on the Web at www.alixpartners.com.

The AlixPartners LLP logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11665

CONTACT: Tim Yost 
         +1.248.204.8689
         tyost@alixpartners.com
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