Salus Capital Partners, LLC, was recently recognized at the 12th Annual M&A Advisor Awards as part of Big M, Inc.’s deal team during its sale of clothing stores Annie Sez and Mandee, which was named Consumer and Retail Products Deal of the Year (up to $100mm). 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 (DIP) 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. Inc., 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.”
Since 2002, The M&A Advisor Awards has honored the leading M&A transactions, companies and dealmakers. The 2013 M&A Advisor Awards were held in conjunction with the 2013 M&A Advisor Summit that featured over 500 of the industry’s leading M&A professionals participating in exclusive interactive forums led by over 50 M&A, media, academic, and stalwarts.
Salus Capital is a direct originator of secured asset-based loans to the middle market across a variety of industries with additional complementary financing throughout the capital structure. Target transaction sizes range from $5 million to $50 million, with the ability to hold up to $100 million and to syndicate larger transactions. The Salus Capital platform also serves as an asset manager for like-minded institutional investors such as community and regional banks, insurance companies, family offices, private equity funds and hedge funds who may lack the infrastructure and dedicated competency within senior secured lending.