Daily News: January 16, 2014

Salus Receives M&A Advisor Deal of the Year

Salus Capital announced its Big M deal team received Consumer and Retail Products Deal of the Year (up to $100mm) at the 12th Annual M&A Advisor Awards. The M&A Advisor also selected the Big M deal as a finalist for Restructuring Deal of the Year (up to $100mm).

The awards ceremony took place on December 17, 2013 in New York.

Salus provided Big M, which operated as Annie Sez and Mandee, with a debtor-in-possession facility, providing the company with working capital as it operated under the protection of Chapter 11 bankruptcy to evaluate its strategic options, leading to its eventual sale to Y.M., a large Canadian clothing retailer.

“On behalf of everyone at Salus Capital Partners, I wish to congratulate our team led by Kyle Shonak and the broader deal team on being honored with this award from The M&A Advisor,” said Andrew H. Moser, president and CEO of Salus Capital Partners. “This significant industry accolade recognizes everyone’s hard work and commitment to tailoring a capital and holistic solution best-suited to Big M as it navigated Chapter 11 and the sale process.”