Daily News: July 25, 2014

FTI Consulting Honored at 2014 Turnaround Atlas Awards


FTI Consulting announced it received eight Turnaround Atlas Awards by the Global M&A Network for excellence and outstanding achievements in the global restructuring, special situation M&A and turnaround markets.

FTI Consulting was recognized in the following categories:

Private Equity Turnaround of the Year (Large Markets):
Apollo Global Management and Metropoulos & Co. acquisition of certain assets, including Twinkies, Mini Muffins, Cup Cakes, Ho Hos, Zingers and Suzy Q brands from Hostess Brands under Chapter 11 of the bankruptcy code

Special Situation M&A Deal of the Year (Large Markets):
Residential Capital reorganization under Chapter 11 of the bankruptcy code and sale of assets to Ocwen Loan Servicing and Berkshire Hathaway

Consumer Goods Turnaround of the Year:
Orchard Supply Hardware Stores sale to Lowe’s under Chapter 11 of the bankruptcy code

Industrials Turnaround of the Year:
American Suzuki Motor (North America) reorganization under Chapter 11 of the bankruptcy code

Healthcare Services Turnaround of the Year:
Rural/Metro Corporation reorganization under Chapter 11 of the bankruptcy code

Materials & Resources Turnaround of the Year:
Sino-Forest reorganization under Chapter 15 of the U.S. bankruptcy code and the Companies’ Creditors Arrangement Act of Canada

Chapter 11 Reorganization Deal of the Year (Middle Markets):
Ahern Rentals reorganization under Chapter 11 of the bankruptcy code

Restructuring of the Year (Small Middle Markets):
Journal Register Company sale to affiliate of Alden Global Capital under Chapter 11 of the bankruptcy code

“We are pleased to receive recognition for the great work our teams have performed across a broad range of industries and situations,” said Bob Duffy, global co-leader of the Corporate Finance/Restructuring segment at FTI Consulting. “With our global breadth and deep technical and industry expertise, FTI Consulting is well positioned to meet the increasing demands and challenges our clients are facing and to identify customized solutions that deliver optimal results.”

The Turnaround Atlas Awards exclusively honor excellence from the restructuring, bankruptcy, distressed investing and turnaround communities worldwide. The winners are selected independently based on identifiable performance criteria, including restructuring style, sustainability, number of creditors, sector challenges, timeliness and jurisdictional intricacies.