Daily News: July 2, 2013

Carl Marks Receives Three Turnaround Atlas Awards

Carl Marks Advisory Group, a consulting and investment banking advisor to middle-market companies, announced that it was honored by the Global M&A Network for outstanding achievements in multiple categories under the Turnaround Atlas Awards global brand. Carl Marks received the awards at the Annual Restructuring & Turnaround Intelligence Forum and Awards Gala held at the University Club of Chicago.

The firm received the Healthcare Services Turnaround of the Year award for its work with Northern Berkshire Healthcare. Carl Marks was also named the Mid Markets Restructuring Investment Bank of the Year and partner, Christopher K. Wu, was honored as Restructuring Investment Banker of the Year – Boutique.

For the firm’s winning assignment in the healthcare sector, Carl Marks advised Northern Berkshire Healthcare as financial advisor through its bankruptcy proceeding, assisting the hospital in negotiating a complex multi-party consensual plan of reorganization with the debtor’s secured noteholders, municipal bond insurer, indenture trustee and unsecured creditors, including the Pension Benefit Guarantee Corporation.

Carl Marks was also as a finalist in the categories of Turnaround of the Year Upper Mid Markets (PJ Finance Company Chapter 11 Reorganization) and Professional Services Turnaround of the Year (Monitor Group Chapter 11 sale to Deloitte Consulting).

“The firm’s market-leading investment banking team has continued to deliver excellent results in multiple cases for clients facing challenging circumstances requiring restructuring solutions,” said Wu. “It is extremely rewarding for our firm to be recognized for its investment banking leadership in the mid-market restructuring arena and commitment to high quality services and the value we provide to our clients.”