Carl Marks Advisory Group has been honored by the Global M&A Network for outstanding achievements in multiple categories under the Turnaround Atlas Awards global brand. Carl Marks was honored with the awards at the Annual Restructuring & Turnaround Intelligence Forum and Awards Gala held at the University Club of Chicago.
The firm received the Healthcare Services Turnaround of the Year award for its work with Northern Berkshire Healthcare, Inc. Carl Marks Advisory Group was also named the Mid Markets Restructuring Investment Bank of the Year and partner, Christopher K. Wu, was honored as Restructuring Investment Banker of the Year – Boutique.
For the firm’s winning assignment in the healthcare sector, Carl Marks Advised Northern Berkshire Healthcare, Inc. as Financial Advisor through its bankruptcy proceeding, assisting the hospital in negotiating a complex multi-party consensual plan of reorganization with the debtor's secured noteholders, municipal bond insurer, indenture trustee, and unsecured creditors, including the Pension Benefit Guarantee Corporation. Carl Marks was also named as a finalist in the categories of Turnaround of the Year Upper Mid Markets (PJ Finance Company Chapter 11 Reorganization) and Professional Services Turnaround of the Year (Monitor Group Chapter 11 sale to Deloitte Consulting).
“The firm’s market-leading investment banking team has continued to deliver excellent results in multiple cases for clients facing challenging circumstances requiring restructuring solutions,” said Christopher K. Wu, partner at Carl Marks and recipient of the Restructuring Investment Banker of the Year – Boutique award. “It is extremely rewarding for our firm to be recognized for its investment banking leadership in the mid market restructuring arena and commitment to high quality services and the value we provide to our clients.”
The Turnaround Atlas Awards exclusively honors top performances from the distressed M&A, restructuring, reorganizations, and turnaround communities worldwide. Winners are selected independently based on identifiable performance criteria unique to each award. For 2013, 181 transactions competed in 36 distinct categories of awards from around the globe.
Carl Marks Advisory Group LLC, a New York-based consulting and investment banking advisory firm serving middle market companies, provides an array of financial and operational services including mergers and acquisitions advice, sourcing of capital, financial restructuring plans, strategic business assessments, improvement plans and interim management. The award-winning firm was the recipient of the 2012 M&A Advisor Sector Financing Deal of the Year (Real Estate); the 2011 M&A Advisor’s Debt Financing Deal of the Year; and the 2011 Turnaround Atlas Awards Chapter 11 Reorganization of the Year (Middle Market). Carl Marks has additional offices in Charlotte, NC.