AlixPartners Bolsters Transformation and Restructuring Advisory Offering

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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