Patriarch Partners Wins Awards for Private Equity Firm of the Year and Turnaround of the Year

NEW YORK, June 21 /PRNewswire/ -- On Thursday, June 17th at the annual Turnaround Atlas Awards, Patriarch Partners, LLC ("Patriarch") was honored by the Global M&A Network as the 2009 Private Equity Firm of the Year.  Patriarch also received the Turnaround of the Year award for the firm's acquisition of Stila Cosmetics in April 2009, at the awards ceremony held at The Allerton Hotel in Chicago, IL.  Patriarch Partners' founder and CEO, Lynn Tilton delivered the keynote address during the Distressed M&A Deal Forum that afternoon titled, "Rebuilding America: Wall Street to Main Street," and was on-hand to receive both awards on behalf of her firm at the awards gala that evening.

"I am humbled and honored by the Global M&A Network's recognition of Patriarch Partners as Private Equity Firm of the Year," said Tilton.  "The acknowledgement for our work in the industry and for Stila Cosmetics as a Turnaround of the Year helps drive our firm's commitment to rebuilding America one company at a time, one job at a time."

The Turnaround Atlas Awards are part of the M&A Atlas Awards global brand; and recognize outstanding performances in executing transactions, implementing turnaround strategies and financial work-outs completed in 2009.

About Patriarch Partners, LLC

Patriarch Partners is a vertically integrated distressed private equity firm with robust in-house operational turnaround expertise. Patriarch Partners, LLC ("Patriarch"), founded in 2000, was built upon a proprietary patented financial model designed to manage and monetize the distressed portfolios of financial institutions. Patriarch has since evolved into a global investment firm that concentrates on direct investments in distressed businesses, managing funds with over $7 billion of equity and secured loan assets with equity investments in more than 70 companies, and controlling interests in approximately two-thirds of these.  For more information, please visit www.patriarchpartners.com.

About Global M&A Network

Global M&A Network produces world-class conferences and the Gold Standard of Performance, the M&A ATLAS AWARDS® for mergers, acquisitions, turnaround and alternative investor communities.  Success stems from senior management's 40 plus years of collective experience executing preeminent financial industry programs in America, Europe, Asia, Australia, Latin America, Africa and Middle-East regions.

SOURCE Patriarch Partners, LLC