Taxand bolsters M&A tax capability with hire of Blagovest Petkov in NY

Alvarez & Marsal (A&M) has announced that Blagovest Petkov has joined the firm as a Managing Partner with Alvarez & Marsal Taxand, LLC (A&M Taxand) in New York.

Mr. Petkov brings nearly 20 years of experience at Big Four firms representing private equity and multinational corporate clients on complex tax matters involving domestic and international M&A transactions. His addition signifies the latest significant step in the expansion of A&M Taxand’s capabilities and comes simultaneously with Marc Sanders, based in the Benelux, joining the firm to serve the Dutch market.

“Blago has exceptional experience in building and leading relationships with private equity firms,” said Ernesto Perez, Managing Director and Global Practice Leader of A&M Taxand.  “His strong reputation within the private equity market and his extensive expertise will provide our clients with actionable insights and advance our team’s ability to service the market at the highest level.”

Mr. Petkov comes to A&M after seven years at Ernst & Young (E&Y), as a partner in the International Tax and Transaction Services group. While there, he led the relationships with some of the firm’s top private equity clients and oversaw the tax aspects and execution of every E&Y supported transaction globally. Prior to E&Y, Mr. Petkov spent nearly 12 years at Deloitte Tax LLP in the M&A tax practice, largely representing private equity clients on M&A transactional matters.

“Blago’s joining provides our clients with access one of the top performers in the industry,” said Adam Benson, Managing Director and U.S. leader of A&M’s Global Transaction Tax Advisory practice in New York. “His  in-depth knowledge of the shifting tax complexities facing the private equity sector, and expertise aligns with our heritage of operational excellence and our commitment to drive change and maximize value for clients. He is a team player with a proven leadership track record, and we are thrilled to have him on our team.”

Mr. Petkov earned a Bachelor of Science in accounting and control and a Bachelor of International Tourism at the University of Economics in Varna, Bulgaria, and a Master of Accountancy with a concentration in taxation at The George Washington University. Mr. Petkov is licensed as a CPA in New York and Virginia.