AlixPartners earns key M&A advisors turnaround awards
Firm earns Industrial Manufacturing and Distribution Deal of the Year and Chapter 11 Reorganization of the Year Awards.
(December 11, 2015) – AlixPartners, the global business advisory firm, today announced that it has earned two M&A Advisors Annual Turnaround Awards. The firm earned “Industrial Manufacturing and Distribution Deal of the Year” award for its work on Nautilus Holdings Limited and “Chapter 11 Reorganization of the Year” for the firm’s work on Chassix Holdings, Inc.
Nautilus is a Cyprus-based owner of 16 containerships. Despite filing for Chapter 11 without lender agreement, Nautilus overcame significant opposition from four lender groups on a host of critical issues and emerged from bankruptcy with a fully consensual plan in February, less than eight months after its filing. AlixPartners helped Nautilus navigate the restructuring process by serving as chief restructuring officer and providing strategic restructuring advice throughout the process. The AlixPartners team that worked on Nautilus was led by Jim Mesterharm, Brad Hunter and Ray Adams.
Chassix, based in Southfield, Mich., is a global manufacturer of aluminum chassis sub-frame components and powertrain products for some of the largest automakers and Tier 1 auto suppliers in the world. AlixPartners was engaged by the company’s noteholder group to develop and implement a strategy for the restructuring and recapitalization of the suppler, which included de-leveraging the its balance sheet, assisting with negotiations with automaker customers , and developing and implementing a turnaround plan for Chassix’ largest plant. Chassix emerged from bankruptcy in July, within four months of its filing. AlixPartners’ team at Chassix included Tony Flanagan, Ted Stenger, Mark Wakefield, Michael Albritton, Kurt Beckeman, Steve Hilgendorf and Emily Harte.
The awards will be presented at the 10th Annual M&A Advisor Turnaround Awards ceremony held on Jan. 28, in conjunction with the organization’s 2015 Distressed Investing Summit in Palm Beach, FL.
AlixPartners is a leading global business-advisory firm of results-oriented professionals who specialize in creating value and restoring performance. We thrive on our ability to make a difference in high-impact situations and deliver sustainable, bottom-line results. The firm’s expertise covers a wide range of businesses and industries whether they are healthy, challenged or distressed. Since 1981, we have taken a unique, small-team action-oriented approach to helping corporate boards and management, law firms, investment banks and investors respond to critical business issues. For more information, visit www.alixpartners.com.