M&A Advisor has revealed what’s sure to be a massive boost to the Madison Street Capital reputation; they have named the Chicago based banking firm as the winner of its 13th Annual Turnaround Awards. The award – Distressed M&A Deal of the Year – is awarded to businesses with revenues of between $25MM and $50MM.
This is due to the firm’s role as exclusive adviser to Sachs Capital Group during their acquisition of RMG Networks. The deal, which saw Virgo Capital invest alongside Sachs Capital Group, was led by Madison Street Capital’s Senior Managing Director Barry Petersen. Merion Investment Partners also provided debt financing throughout the transaction. Founder and CEO Charles Botchway thanked the team that was responsible for the award and recognized the honor that came with receiving it.
The M&A Advisor also announced the winners of each of the other categories; namely the Restructuring of the Year, Transaction of the Year, Refinancing of the Year, Sector Deal of the Year, Firm of the Year, Turnaround Product/Service of the Year and Professional of the Year. Nominations represented a total of 275 companies; an independent jury of industry experts judged these.
Roger Aguinaldo, Founder of The M&A Advisor, commented that the winners were the cream of the crop and represented some impressive candidates. When announcing the winners Mr. Aguinaldo noted that the industry was increasingly demanding when it came to professionals, the winners delivered the highest levels of performance in an increasingly stressful environment.
Mr. Botchway said that the Distressed M&A Deal of the Year award helped to highlight the firm’s ability to navigate this kind of complex transaction. The award comes as the international banking firm has posted continual growth year-on-year over the past half-decade. For example from 2014 to 2015, the amount of hedge fund deals that were either closed or announced jumped by 10, going from 32 to 42 respectively.
Furthermore, if these transaction volumes were measured by AUM, then 2015 was approximately 27% higher than in 2014. This also helped lead to record growth across 2016 and beyond. In fact for much of its 14-year existence, Madison Street Capital has continued to go from strength to strength. Over the near-decade-and-a-half, the firm has repeatedly shown that they are dedicated to providing integrity, excellence, and leadership across all of its services.
In 2016, the investment bank also introduced a few new mechanisms to accommodate both buyers and sellers in their transactions. The winners of the M&A Advisor Awards will be presented with their awards on March 28, at a black-tie event during the 2019 M&A Advisor Distressed Investing Summit. The summit is set to take place in Palm Beach, Florida.
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