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The DAK Group Announced as Winner of the Annual Turnaround Awards

The DAK Group Announced as Winner of the 12th Annual Turnaround Awards

Rochelle Park, NJ – January 8, 2018

The M&A Advisor announced the winners of the 12th Annual Turnaround Awards. The DAK Group Restructuring of Violin Memory, Inc. was named a winner for the Information Technology Deal of the Year (Over $250MM).The awards will be presented at a Black Tie Gala on Wednesday, March 21st at the Colony Hotel, Palm Beach, FL.

“Since 2002, we have been honoring the leading turnaround transac­tions, companies and dealmakers. The DAK Group was chosen from over 250 participating companies to receive the award. It gives us a great pleasure to recognize The DAK Group and bestow upon them our highest honor for distressed investing and reorganization firms and professionals,” said David Fergusson, Co-CEO and President, The M&A Advisor. The DAK Group represents 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.”

Sheon Karol, the DAK Group Managing Director who led the team, said “the Violin Memory transaction showed that creative approaches enable unsecured creditors, and other stakeholders, to receive good recoveries even in dire situations. Although prospects were grim at the outset – two failed prepetition sales processes, no debtor-in-possession financing and only $4 million in cash – the professionals designed a sophisticated alternative to the usual forced quick sale.  DAK was pleased to contribute by combining our middle market investment banking reach with creative financial advisory services.”

The DAK Group team consisted of Sheon Karol, Ari Fuchs and Claudia Levine.

 The DAK Group  The DAK Group is a leading investment bank serving mid-market privately held businesses in the areas of mergers and acquisitions, business sale, financial restructuring, bankruptcy, capital advisory, valuations and fairness opinions. Since 1984, The DAK Group has executed hundreds of transactions across a wide range of industries. The DAK Group is headquartered in Rochelle Park, NJ with offices in Philadelphia. www.dakgroup.com.

THE M&A ADVISOR Now in its 20th year, The M&A Advisor was founded to offer insights and intelligence on mergers and acquisitions, establishing the industry’s leading media outlet in 1998. Today, the firm is recognized as the world’s premier leadership organization for mergers & acquisition, restructuring and corporate finance professionals, delivering a range of integrated services from offices in New York and London. www.maadvisor.com.

Media Contact:
Joan McGeough
Chief Marketing Officer
The DAK Group
jmcgeough@dakgroup.com
201-478-5261

Media Contact:
Liudmila Pisareva
Leadership Services Director
The M&A Advisor
lpisareva@maadvisor.com
718-997-7900