Daily News: April 17, 2014

Gavin/Solmonese Awarded Two M&A Advisor Awards

Gavin/Solmonese was recently honored with two significant awards from M&A Advisor.

For its role in the sale of Oreck to Royal Appliance Manufacturing, GS was included among the firms receiving the Retail Manufacturing/Distribution Deal of the Year Award. GS is Financial Advisor to the Official Committee of Unsecured Creditors in this case.

Other professionals honored for their work in this deal included Lowenstein Sandler, Kelley Drye & Warren, Black Diamond Commercial Finance, Bradley Arant Boult Cummings, Cahill Gordon & Reindel, Carl Marks, Gleacher Products, Oreck, Royal Appliance Manufacturing, Sawaya Segalas and Winston & Strawn.

GS was also recognized by M&A Advisor for its role advising the Official Committee of Equity Security Holders in the Chapter 11 sale of AgFeed Industries, Inc. In this engagement, the firm worked with professionals from Elliott Greenleaf, Sugar Felsenthal Grais & Hammer, Mackinac Partners, Young Conaway Stargatt & Taylor, Business Development Asia, Foley & Lardner, and Farm Credit Services of America.

“In the Oreck sale, the Committee’s professionals were instrumental in opening the sale process to include the eventual successful bidder, and in facilitating a robust auction,” said Wayne P. Weitz, managing director at Gavin/Solmonese who led the GS team in both engagements. “In AgFeed, we served as financial advisor to the Official Equityholders Committee, helping to maximize recovery for that group’s constituents through the auction process.”

According to Ted Gavin, managing director and founding partner of Gavin/Solmonese, “The M&A Advisor Awards are highly regarded throughout the restructuring profession, and we are honored to have been recognized among our fellow professional advisors for our achievements in the sale and restructuring transactions involving distressed companies. Both of these transactions, especially Oreck, reflect the degree with which we strive to seamlessly integrate with other firms to create a better outcome for stakeholders.”