Blott Asset Wins DEAL OF THE YEAR, 6th Annual Turnaround Awards
Canwest restructuring noted as landmark turnaround
NEW YORK, Feb. 7, 2012 /PRNewswire-iReach/ -- THE M&A ADVISOR ANNOUNCES WINNERS OF 6TH ANNUAL TURNAROUND AWARDS
The M&A Advisor announced the winners of the M&A Advisor Turnaround Awards at the 6th Annual Awards Gala to a lively, sold-out crowd at The Colony, Palm Beach Florida on Monday January 31st. Blott Asset Management, L.L.C. was named a winner in the "Deal of the Year" category for technology, media, and telecom, for its role in facilitating a restructuring of Canwest Global Communications on behalf of shareholders. The event was hosted by Bloomberg Television's National Chief Correspondent Carol Massar and featured a keynote address by Dennis Shaughnessy, Chairman of FTI Consulting.
"Blott Asset represents the best of the turnaround, restructuring and distressed investing industry in 2011 and earned this honor by standing out in a group of very impressive finalists," said Roger Aguinaldo, CEO of The M&A Advisor.
The Turnaround Awards Gala honored deal-teams, deal-makers, and firms whose activities set the standard for the industry. Blott Asset was chosen from over 160 nominees representing over 250 companies to receive their award. An independent judging committee of industry experts determined the ultimate recipients of the awards. Winners were revealed "Academy-Award style" at the gala.
"Canwest represented a complex cross border restructuring of a major Canadian media company, adjudicated by one of the country's preeminent justices", said Patrick Blott, the firm's managing partner. "It established important practical limits on the ability of creditors to impinge the legitimate rights of other stakeholders through safe harbor, fraudulent conveyance, structural seniority, absolute priority doctrine or other means. It is an honor for Blott Asset to be nominated for this distinguished award alongside notable industry leaders including Wilbur Ross, John Castle, and Marshall Sonenshine."
In addition to the 2012 honorees, John Wm. (Jack) Butler, Partner of Skadden, Arps, Slate, Meagher & Flom was awarded a Lifetime Achievement Award for his achievements and contributions in restructuring and reorganizational law. Mr. Butler, who was introduced by another industry stalwart – Mr. Timothy R. Coleman, Sr. Managing Director & Head of Restructuring, The Blackstone Group - provided a moving and inspirational account of his experience and his vision for the future of bankruptcy law.
Formed in 2005, Blott Asset is an institutional investment advisor focused on control oriented special situation and complex scenario investments. Blott Asset works with proven leaders to solve difficult ownership, liquidity, operating and strategic challenges.
The Annual Distressed Investing Summit and Turnaround Awards Gala is the premier event for professionals in the distressed investing, restructuring and turnaround industry.
For more information, please visit at www.maadvisor.comor contact The M&A Advisor at 718 997 7900.
THE M&A ADVISOR
Since 1998, The M&A Advisor has been presenting, recognizing the achievement of and facilitating connections between the world's leading mergers and acquisitions, financing and turnaround professionals with a comprehensive range of services. To learn more visit: www.maadvisor.com.
Blott Asset Management, L.L.C.
Contact: Patrick Blott
[email protected]
T. 917-463-3822
14 Wall Street, 20th Floor
New York, NY 10005
OR
Contact: David Fergusson
The M&A Advisor
[email protected]
T. 718-997-7900
M. 914-374-7396
Media Contact: Patrick Blott Blott Asset Management, L.L.C., 917-463-3822, [email protected]
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SOURCE Blott Asset Management, L.L.C.
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