TM Capital Wins Award for Restructuring DealJune 2010 | News & Press
New York, NY, June 18, 2010 – TM Capital, a leading independent investment banking firm, is pleased to announce that it has been honored by the Global M&A Network for its restructuring and bankruptcy advisory services. The Firm received the “Industrial Manufacturing & Services Deal of the Year Award” for its role in the bankruptcy restructuring of GPX International Tire Corp. (GPX). The award was presented by the Global M&A Network at the June 17th Distressed M&A Forum and Turnaround Atlas Awards Gala in Chicago, IL.
“Our bankruptcy expertise and global reach have provided clients seeking debt restructuring alternatives with successful solutions for over 20 years,” said Rob Grien, managing director and head of TM Capital’s finance and restructuring advisory group. “We are thrilled to be recognized for our restructuring and bankruptcy advisory work with GPX.”
GPX, a leading global provider of specialty “off-the-road” tires, filed for bankruptcy and retained TM Capital to pursue restructuring alternatives. TM Capital advised GPX in completing three cross-border Section 363 bankruptcy sales of its business units aggregating $100 million in value.
“TM Capital’s focus, dedication and skill were key to our successful and timely completion of these complex transactions despite unprecedented challenges in the markets we serve,” said Craig Steinke, CEO of GPX.
For more information about the GPX transaction or TM Capital’s finance and restructuring practice, please contact Rob Grien at 212.809.1434 or Jerome Romano at 617.259.2206.