Daily News: May 25, 2016

Heritage Equity Wins Award for Mallygirl Reorganization


Heritage Equity Partners won the Turnaround Atlas Award Consumer Products & Services Restructuring of the Year winner by Global M&A Network for its Mallygirl Chapter 11 reorganization.

Ken Mann, senior managing director, was also listed as a Top 100 Restructuring & Turnaround Professional.

The Global M&A Network annually recognizes industry leaders through its M&A Turnaround Atlas Awards.

“We are honored to win this award for our work in identifying a buyer and executing an expedited sale of Mallygirl to Beauty Visions,” said Matt LoCascio, managing director of HEP. “We were able to bring a buyer to the table in less than a month and helped Mallygirl emerge from bankruptcy in a stronger position to continue serving its customers.”

The M&A Turnaround Atlas Awards honored 42 transactional deals, 10 outstanding firms, two turnaround and restructuring professionals, four leadership achievement and 100 top professionals. Awardees were honored at a celebratory gala and trophy presentation ceremony at the Harvard Club of New York on May 17.

“I am proud to be included among this list of distinguished turnaround professionals,” said Mann. “It’s the efforts and hard work by HEP’s staff that make this award even possible.”