Respected home furnishings industry veteran Ron Downs has launched The Downs Group, providing senior financial consulting services to the furniture and home furnishings industry working with manufacturers, distributors and its suppliers.
Mackinac Partners announced it was the recipient of two industry awards for its role in the successful turnaround and financial restructuring of PlayPower.
Alvarez & Marsal said it has added managing director Lauren Hill to its growing Valuation Services practice. Hill is a current member of the Equipment Leasing & Finance Association Board of Directors.
The Turnaround Management Association announced Deloitte corporate restructuring practitioner Sheila A. Smith and U.S. Bankruptcy Judge Robert D. Martin will receive the 2012 TMA Chairman’s Award at this year’s annual TMA conference in Boston.
Charles River Associates announced that Loretta Cross joined the firm as a VP in the Energy & Environment Practice. Joining Cross to create a Houston-based energy restructuring team for the firm are principals Robert S. Moore II and Vernon T. Jones, Jr. and associate principal John D. Baumgartner, all from Grant Thornton.
Financial advisory firm, MainStream Management, outlines in a recent report the factors contributing to economic constraint that, when taken together, create a “perfect storm” for U.S. businesses.
AlixPartners announced that Mark B. Smith, formerly senior vice president and chief strategy officer of Farmers Insurance Group, has joined the firm as a managing director in its Financial Services Practice.
Peter J. Solomon Company (PJSC) announced the appointment of Ajay Bijoor as an Associate Director in its Restructuring and Recapitalization Group.
New corporate restructuring and public affairs strategies firm Gavin/Solmonese has expanded its team with two senior level professionals. Valuation expert Boris J. Steffen joined as a managing director in the Washington, D.C., office, and financial advisor Wayne P. Weitz is senior director in the Philadelphia office.
Versa Capital Management was named Private Equity Turnaround Firm of the Year at the recent Turnaround Atlas Awards organized by Global M&A Network. Versa also received the Private Equity Turnaround Deal of the Year for its Chapter 11 reorganization and acquisition of American Laser Skincare.