Candlewood Investment Group Makes Strategic Hires

NEW YORK, June 7, 2011 /PRNewswire/ -- Candlewood Investment Group, LP, an SEC registered investment advisory firm, has filled additional key roles as it continues to expand its team.  Janet E. Miller has been hired as General Counsel and Chief Operating Officer and A. Aadel Shaaban has joined the firm as a Corporate Credit Analyst.

Ms. Miller is joining us from Sidley Austin, LLP where, since 2001, she represented domestic and foreign corporate clients, including major funds, in various corporate transactions including, mergers and acquisitions and joint ventures. Additionally, she represented administrative agents and lenders in restructurings, syndicated loans and project finance transactions. 

Prior to joining Candlewood, Mr. Shaaban was a Portfolio Manager with Thales Fund Management where he led the distressed strategy, which strategy included taking active positions in corporate restructurings and turnarounds.

"Candlewood is extremely excited to have added members to our team as talented and experienced as Ms. Miller and Mr. Shaaban," noted Michael Lau, Managing Partner and CEO of Candlewood. "Today's announcement marks the end of an extensive process."

Candlewood has assets under management of approximately $1 billion, focusing mainly on distressed debt, special situations and structured credit.  Mr. Lau and David Koenig are the Managing Partners and Co-Founders.  The firm is headquartered in New York City at 777 Third Avenue.

For more information, please call (212) 493-4495 or send inquiries to [email protected]. 

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This report may contain written or oral "forward-looking statements" within the meaning of the U.S. federal securities laws. All forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside Candlewood's control, which could cause actual results to differ materially from such statements. In particular, statements using words such as "may", "should", "estimate", "expect", "anticipate", "intend", "believe", "predict", "potential", or words of similar import generally involve forward-looking statements. Candlewood undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements, which are subject to significant uncertainties and speak only as of the date on which they are made.

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This communication is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or of any fund Candlewood Investment Group, LP manages or offers.

SOURCE Candlewood Investment Group, LP