Director (m/f/d), Private Equity Performance Improvement - Carve-out & Merger Integration

Location: Munich, Germany

Date Posted: Jun 24, 2026

About Alvarez & Marsal

Alvarez & Marsal (A&M) is a global consulting firm with entrepreneurial, action and results-oriented professionals. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work - guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity - are why our people love working at A&M.

The Team

A&M’s Private Equity Performance Improvement (PEPI) practice serves upper middle market and large-cap private equity firms, improving financial and operational results at portfolio companies.

Within PEPI, the Carve-out & Merger Integration team advises portfolio companies through complex separations and integrations to deliver step-change operational performance and value creation.

You will work on high-impact engagements (carve-outs, merger integrations, performance improvement, transformational delivery), collaborating with the European PEPI team and cross-functional experts.

How you will contribute

Manage rapid diagnostics to identify opportunities for operational transformation and performance improvement.

Develop and execute transformation plans tied to EBITDA and working capital improvement.

Lead buy-side and sell-side carve-out projects, addressing cost reduction and revenue enhancement opportunities.

Evaluate pre-deal carve-out situations, including perimeter definition, complexity, costs, and risks.

Oversee post-acquisition carve-out implementation, including Day-1 preparation, TSA management, and standalone transition.

Ensure operational due diligence findings are realized, delivering growth, cost reduction, and quick wins.

Drive 100-day planning processes, including merger integration and synergy realization.

Qualifications

Master’s degree from an accredited university.

Extensive experience delivering buy-side and sell-side carve-out services.

Proven track record of leading transformational assignments at pre- and post-deal stages.

Deep understanding of the private equity lifecycle and relevant networks.

Expertise in operational KPIs, balanced scorecards, and continuous improvement processes.

Experience with project management tools and change management methodologies.

Business fluency in English and German (written and verbal).

Your journey at A&M

We recognize that our people are the driving force behind our success, which is why we prioritize an employee experience that fosters each person’s unique professional and personal development. Our robust performance development process promotes continuous learning, rewards your contributions, and fosters a culture of meritocracy. With top-notch training and on-the-job learning opportunities, you can acquire new skills and advance your career.

We prioritize your well-being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favorite aspects of working at A&M. The possibilities are endless for high-performing and passionate professionals.

Culture & Values

At Alvarez & Marsal, our core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity guide everything we do, shaping a culture rooted in entrepreneurship, impact, and integrity. We trust our people to take ownership early, contribute to meaningful challenges, and drive results that matter. We empower growth and champion diverse perspectives. Above all, we value doing the right thing. For those ready to roll up their sleeves, lead with integrity, and be difference makers, this is where it starts.

It is Alvarez & Marsal’s practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws. Employees and Applicants can find A&M policy statements and additional information by region here.

Unsolicited Resumes from Third-Party Recruiters

Please note that as per A&M policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening. Any employment agency, person or entity that submits an unsolicited resume does so with the understanding that A&M will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity.