Luis De Lucio

Biography

Luis de Lucio, a Managing Director with Alvarez & Marsal with more than 30 years of experience, co-leads the firm’s Brazil and Mexico operations. Mr. de Lucio has been with the firm for more than 13 years and led the successful startup of both Latin America-based practices. During his tenure with A&M, he has held various interim management positions as well as advised shareholders, management and lenders in all major Latin American markets. His experience spans across various industry sectors, including agri-business, airlines, hospitality, telecommunications, technology, financial services, healthcare, manufacturing and consumer products. Mr. de Lucio recently acted as interim Chief Executive Officer of Agrenco, a Brazilian soy bean processor, during the company’s reorganization process under Brazil’s bankruptcy law. In this role, he led a team of A&M professionals who reactivated operations and prepared a new plan of reorganization. After six months, he led the transition to permanent management. Previously, Mr. de Lucio led an interim management team during the out-of-court reorganization of GSI Group’s Brazil operations. During A&M’s tenure, the grain storage systems manufacturer significantly reduced costs, became cash flow positive and restructured its local bank debt. Mr. de Lucio also advised a group of 11 lenders of Aracruz during the pulp manufacturer debt crisis in 2008. Foreign exchange derivatives triggered during the global financial crisis added US$2.1 billion in debt. The successful out-of-court restructuring allowed Aracruz to proceed with a merger and subsequently pre-pay the full outstanding debt. Additionally, Mr. de Lucio led the A&M team which divested Lehman Brothers International’s Latin American portfolio, and acted as Chief Restructuring Officer (CRO) in the debt restructuring and separation into two new entities of the Caete Group, one of Brazil leaders of sugar and ethanol producer. Prior to joining A&M, Mr. de Lucio served as a senior advisor with Darby Overseas Investments Ltd., a venture capital and private equity investment firm with interests in Latin America. He was also a senior member of Ernst & Young's Corporate Finance Group, based in both the U.S. and Latin America, where he oversaw the firm's Restructuring Corporate Finance practice from New York and São Paulo. Mr. de Lucio began his career and spent five years as a commercial banker at a predecessor of Bank of America in the U.S. Mr. de Lucio earned a bachelor's degree in economics from the University of Maryland and an MBA from American University in Washington, D.C. Mr. de Lucio speaks fluent English, Spanish and Portuguese.

Research Interest

Luis de Lucio has  experience spans across various industry sectors, including agri-business, airlines, hospitality, telecommunications, technology, financial services, healthcare, manufacturing and consumer products.He has 30+ years working with restructuring, turnarounds and M&A in Latin America