FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


FocalPoint Wins M&A Advisor’s Chapter 11 Reorganization of the Year Award

February 21, 2018, 07:00 AM
Filed Under: Industry News

The M&A Advisor has selected FocalPoint and Michael Fixler as the winner of the Chapter 11 Reorganization of the Year (over $25-100 million) in its 12th Annual Turnaround Awards. The award is in recognition of FocalPoint's work in connection with Valuepart's successful confirmation of its Plan of Reorganization and debt financing provided by PNC Bank, N.A. FocalPoint, along with the Company's other advisors, will be honored at the Awards Gala as part of the 2018 Distressed Investing Summit. The Summit will take place on March 20-22 and will feature 225 of the industry's leading professionals participating in exclusive interactive forums led by a faculty of restructuring industry stalwarts and business media experts.
"We are excited to be recognized for the outstanding work done in connection with the Valuepart Reorganization. While it was a very challenging transaction, ultimately we worked very cooperatively with the management and existing equity, the Debtor's other professionals and the Unsecured Creditors Committee to structure the Plan of Reorganization and raise the capital necessary for the Company's successful emergence from Chapter 11," said Michael Fixler, Managing Director and Head of FocalPoint's Special Situations practice.

ValuePart, Inc. is a family-owned distributor of high-quality, competitively-priced, replacement parts for off-highway earthmoving equipment. ValuePart operates from eight locations in the United States and Canada, leveraging a global supply base with multiple decade-long relationships.
"The award winners represent the best of the distressed investing and reorganization industry in 2017 and earned these honors by standing out in a group of very impressive candidates," said David Fergusson, Co-CEO and President of The M&A Advisor. "In an environment that is increasingly demanding of its professionals we have recognized the leading transactions, firms and individuals that represent the highest levels of performance."

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.