NEW YORK, Jan. 18, 2013 /PRNewswire/ -- The M&A Advisor is pleased to announce that 175 nominations, representing over 300 companies, have been submitted for the 7 th Annual M&A Advisor Turnaround Awards.
The Finalist companies have been selected from the nominees in the first stage of evaluation and the independent panel of judges will now focus their attention on the challenging task of selecting the ultimate award winners.
The winners for Distressed M&A Deal of the Year, Restructuring Deal of the Year, Reorganization Deal of the Year, Refinancing Deal of the Year, Firm of the Year, Turnaround Product/Service of the Year and Turnaround Professional of the Year categories will be announced at the 7 th Annual M&A Advisor Turnaround Awards Gala on Wednesday, March 6 th at the Colony Hotel in Palm Beach, FL.
"Although the bankruptcy filings of corporations such as Hawker Beechcraft and Residential Capital, municipalities such as
Stockton, CA. and the liquidation activities of Hostess Brands, highlight today's difficult environment, there were thousands of successful turnarounds in 2012 thanks to the energy and ingenuity of the world's leading restructuring and distressed investing professionals," says
Roger Aguinaldo, CEO and Founder of The M&A Advisor. "The deal teams represented in our 2013 Turnaround Award finalist group have demonstrated creativity and perseverance in today's challenging climate."
This year's finalists represent the industry's leading firms, including: Blackstone; Rothschild; Bloomberg; Mesirow Financial Consulting; FTI Consulting; Kurtzman Carson Consultants; Sun Capital; Bayside and feature the year's leading transactions including: Chapter 11 Restructuring of General Maritime Corporation; Financial restructuring and recapitalization of Lower Bucks Hospital; Reorganization of Rotonics Manufacturing, Inc. by Lake Pointe Partners, LLC; Restructuring of Kerzner International Holdings Limited; Reddy Ice Corporation Restructuring; Restructuring of Los Angeles Dodgers; Watermill Group's Acquisition of Manistique Papers; Reorganization of Lehman Brothers Holdings; Reorganization of Travelport and Restructuring of Landsbanki.