Alain Istamboulian

Corporate Restructuring Lead Advisor

Alain ISTAMBOULIAN has worked as an Equity Partner specializing in Restructuring and Distressed M&A with some of the most prestigious audit and advisory firms in France, such as PWC and KPMG.

Over the last 25 years he has supported numerous French companies, as well as local subsidiaries of large international groups, in facing crises or complex changes in various sectors (Manufacturing, Retail, Transportation…).

His approach to business turnaround is based on a thorough analysis of its Business Model and a review of its strategic positioning. He is driven by conserving both the technical and the human assets of a company.

Over the years he has complemented his financial background with an understanding of the legal issues specific to distressed companies. As an established actor in the restructuring field, well known by the professionals in the sector, he is familiar with the different bankruptcy procedures in France.

He built his expertise leading banking negotiation meetings based on Business Plans or revisited Cash Forecasts and presenting complex situations before the commercial courts.

He also often acted within the framework of the government restructuring agency CIRI (Comité Interministériel de Restructuration Industrielle) on the most consequential cases in terms of employment.

When necessary he often set up Distressed M&A operations for takeovers as well as asset sales plans with the commercial courts.

He joined Zalis in 2022 to share his expertise in the management of complex change. His past experiences in multicultural environments (USA, Asia) make him at ease in international environments.

Alain ISTAMBOULIAN graduated from the Burgundy School of Business (Finance major) and holds an Expert-Accountant degree.

He speaks French and English.