Daily News: February 28, 2013

Carl Marks Advises Monitor Group Sale to Deloitte


Carl Marks Advisory Group, a consulting and investment banking advisor to middle-market companies, completed its advisory role in Monitor Group’s sale to Deloitte Consulting.

Deloitte Consulting acquired Monitor Group’s U.S. practice, and Monitor Group’s practices in 14 countries outside the U.S. were acquired by member firms of Deloitte Touche Tohmatsu. The transaction was completed in January following approval by the U.S. Bankruptcy Court for the District of Delaware.

Carl Marks served as Monitor Group’s financial, restructuring and investment banking services advisor throughout the bankruptcy process. The investment banking practice advised on all aspects of the §363 sale auction and the restructuring practice advised on other areas including preparing DIP budgets, monitoring cash-flow, reporting to constituents and assisting in resolving contractual, employee and vendor-related issues.

“Combining two influential and globally-recognized professional services companies is a complex and sensitive assignment under normal circumstances,” said Marc Pfefferle, Partner at Carl Marks Advisory Group. “This particular deal highlights Carl Marks’ combined strengths of providing integrated transaction and advisory services in complex and dynamic situations.”

“We are hugely motivated by the opportunity to service clients with our newly combined strengths,” stated Bansi Nagji, President of Monitor. “Together we are an effective force with distinctive capabilities, and are deeply committed to helping our clients create new value and achieve transformational growth.”

Carl Marks Advisory Group provides investment banking and financial, operational, real estate and healthcare advisory services to the middle market.

Monitor Company Group is a global consulting firm.