As reported in AIRA News – 2017 – Quarter 1:
KapilaMukamal is pleased to announce that the firm is a recipient of the M&A Advisor’s 11th Annual Award in the Sector Award Category – Consumer Discretionary Deal of the Year (Over $25MM to $50MM) in the Chapter 11 Case of Simply Fashion Stores, Ltd.
In April of 2015, Soneet Kapila was appointed as Chief Restructuring Officer and KapilaMukamal served as Restructuring Advisors to the Debtors, Adinath Corp. and Simply Fashion Stores, Ltd. which operated over 240 retail stores in multiple states. Over the course of many months, Kapila and the KM team provided practical hands-on guidance in the matters of store closings, employee disputes, multi-state tax issues and other complex negotiations.
“The award winners represent the best of the distressed investing and reorganization industry in 2016 and earned these honors by standing out in a group of very impressive candidates,” said David Ferguson, Co-CEO and Presidence of The M&A Advisor.
The nominations, representing over 300 participating companies, were judged by an independent jury of industry experts. Annually, the M&A Advisor announces the winners of its Turnaround Awards in each of the categories of 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. The awards were presented at a Black Tie Gala on March 23, 2017 at the Colony Hotel, Palm Beach, Florida.