NewswireToday - /newswire/ -
Washington, DC, United States, 2014/07/24 - FTI Consulting, Inc. announced that FTI Consulting was recently awarded eight Turnaround Atlas Awards by the Global M&A Network for excellence and outstanding achievements - FTIconsulting.com. NYSE: FCN
FTI Consulting, Inc., the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that FTI Consulting was recently awarded eight Turnaround Atlas Awards by the Global M&A Network for excellence and outstanding achievements in the global restructuring, special situation merger and acquisition (“M&A”) and turnaround markets.
FTI Consulting was recognized in the following categories:
• Private Equity Turnaround of the Year (Large Markets)
Apollo Global Management and Metropoulos & Co. acquisition of certain assets, including Twinkies, Mini Muffins, Cup Cakes, Ho Hos, Zingers and Suzy Q brands from Hostess Brands under Chapter 11 of the bankruptcy code
• Special Situation M&A Deal of the Year (Large Markets)
Residential Capital reorganization under Chapter 11 of the bankruptcy code and sale of assets to Ocwen Loan Servicing and Berkshire Hathaway
• Consumer Goods Turnaround of the Year
Orchard Supply Hardware Stores sale to Lowe’s under Chapter 11 of the bankruptcy code
• Industrials Turnaround of the Year
American Suzuki Motor (North America) reorganization under Chapter 11 of the bankruptcy code
• Healthcare Services Turnaround of the Year
Rural/Metro Corporation reorganization under Chapter 11 of the bankruptcy code
• Materials & Resources Turnaround of the Year
Sino-Forest reorganization under Chapter 15 of the U.S. bankruptcy code and the Companies’ Creditors Arrangement Act of Canada
• Chapter 11 Reorganization Deal of the Year (Middle Markets)
Ahern Rentals reorganization under Chapter 11 of the bankruptcy code
• Restructuring of the Year (Small Middle Markets)
Journal Register Company sale to affiliate of Alden Global Capital under Chapter 11 of the bankruptcy code
“We are pleased to receive recognition for the great work our teams have performed across a broad range of industries and situations,” said Bob Duffy, Global Co-Leader of the Corporate Finance/Restructuring segment at FTI Consulting. “With our global breadth and deep technical and industry expertise, FTI Consulting is well positioned to meet the increasing demands and challenges our clients are facing and to identify customized solutions that deliver optimal results.”
The Turnaround Atlas Awards exclusively honor excellence from the restructuring, bankruptcy, distressed investing and turnaround communities worldwide. The winners are selected independently based on identifiable performance criteria, including restructuring style, sustainability, number of creditors, sector challenges, timeliness and jurisdictional intricacies.
About FTI Consulting
FTI Consulting, Inc. (fticonsulting.com) is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 4,200 employees located in 26 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring. The Company generated $1.65 billion in revenues during fiscal year 2013.