Daily News: August 8, 2014

Carl Marks Receives Turnarounds & Workouts’ Honor

Carl Marks Advisors announced that partners Mark Claster, Warren Feder, Duff Meyercord, Evan Tomaskovic and Christopher Wu have been recognized in the latest Special Report on Outstanding Investment Banking Firms by Turnarounds & Workouts, a bankruptcy, restructuring and distressed investing publication that reports on industry news and analysis.

The recognition honors firms that are routinely retained in the most complex and sophisticated restructuring transactions. Honorees are selected by the publication’s editorial staff based upon recent representations, as well as nominations received from leading restructuring professionals nationwide. Carl Marks was honored for its achievements pertaining to the following engagements:

  • Representing debtors in Green Field Energy Services, Landauer-Metropolitan and American Bancorporation
  • Representing secured lenders in the sale of Biofuel Energy’s ethanol assets to Green Plains Renewable Energy
  • Representing secured lenders in Corinthian Colleges
  • Representing unsecured creditors’ committees in Rogers Bancshares, North Texas Bancshares, First Mariner and Natrol

“It’s an honor to be recognized for our team’s accomplishments over the past year,” said Wu. “To be distinguished alongside industry front-runners is a testament to the fact that we’re consistently helping companies resolve challenges by designing and executing plans that enable successful transactions from start to close.”

Carl Marks Advisors was among only 12 firms recognized in 2014. Turnarounds & Workouts tracks distressed businesses in the U.S. and Canada, and releases annual lists of the outstanding firms and professionals working in the bankruptcy, corporate renewal, investment, turnaround and restructuring industries.