NEW YORK, April 6, 2011 /PRNewswire/ -- Carl Marks Advisory Group LLC, the corporate revitalization and investment banking firm headquartered in New York, was listed among top investment banking firms in The Deal's 2010 fourth-quarter bankruptcy league tables, ranking ninth in numbers and 12th in volume with 11 cases. Two of its investment bankers also were named to the list of top investment bankers. Partner Christopher K. Wu ranked 7th; Mark L. Claster, partner of Carl Marks Advisory Group and president of its parent company, Carl Marks & Co., ranked 11th among investment bankers.
Carl Marks' investment banking division has experienced significant growth over the past several years. Claster observed that the firm's success in investment banking is a natural outgrowth of its corporate revitalization business, with clients increasingly turning to Carl Marks as its bankers continue to frontline significant bankruptcy engagements. Moreover, Claster noted that this recessionary cycle has created increased demand for investment banking services as companies have focused on balance sheet and capital solutions to restructurings.
"Our brand of hands-on advocacy with talented investment bankers enables our clients to achieve their desired results," said Claster. "We have extended our capabilities in bankruptcy advisory as well as non-distressed investment banking with great success."
Wu noted that the investment banking group is active in a number of bankruptcies in sectors such as retail, energy and real estate and expects the group will continue its momentum in 2011 and beyond.
About Carl Marks Advisory Group LLC and Carl Marks Securities LLC
Carl Marks Advisory Group LLC, with offices in New York, Vienna, Va., Bedminster, N.J., and Charlotte, N.C., provides a wide array of investment banking and financial, operational and real estate advisory services to the middle market, including mergers and acquisitions advice, sourcing of capital, financial restructuring plans, strategic business assessments, improvement plans and interim management. Carl Marks is the 2010 recipient of the Turnaround Management Association's Turnaround of the Year Award in the Large Company category.
Carl Marks Securities LLC, based in New York, assists its clients in executing private placements of debt and equity. The firm is a member of FINRA and SIPC. Additional information about Carl Marks Advisory Group LLC and Carl Marks Securities LLC is available at www.carlmarks.com.
SOURCE Carl Marks Advisory Group LLC