TMA Announces 2011 Turnaround and Transaction of the Year Award Winners

CHICAGO, Oct. 4, 2011 /PRNewswire-USNewswire/ -- Outstanding professional teams that rescued businesses and saved jobs despite fickle credit markets in a sputtering economy are winners of the 2011 Turnaround of the Year and Transaction of the Year Awards.

Winners will be recognized at the 2011 TMA Annual Convention, October 25-27, at the Hilton San Diego Bayfront, the premier meeting for professionals dedicated to turnaround management, corporate restructuring and distressed investing.

The TMA Turnaround of the Year Award honors professionals who aid struggling companies by fortifying operations and leadership, improving cash flow and increasing production. The 2011 winners are:

Turnaround of the Year - Mega Company, for Chemtura Corp.
Company revenue at the onset of the turnaround was $1 billion (USD) or greater.

Ray Dombrowski, Alvarez & Marsal; Ralph Schipani, Alvarez & Marsal; M. Natasha Labovitz, Kirkland & Ellis; Richard Cieri, Kirkland & Ellis; Craig Bruens, Kirkland & Ellis; Daniel Aronson, Lazard; and Sachin Lulla, Lazard

Turnaround of the Year Award - Large Company, for Sunwest Management Inc.
Company revenue at the onset of the turnaround was between $300 million and $1 billion (USD).

Clyde Hamstreet, CTP, Hamstreet & Associates; Shirley Dunn, CTP, Hamstreet & Associates; Mark Schmidt, Hamstreet & Associates; David L. Osias, Allen Matkins Leck Gamble Mallory & Natsis LLP; David Zaro, Allen Matkins Leck Gamble Mallory & Natsis LLP; Albert N. Kennedy, Tonkon Torp LLP; Kenneth D. Stephens, Tonkon Torp LLP; Greg Yates, Seyfarth Shaw LLP; Michael Grassmueck, The Grassmueck Group; Geoffrey B. Winkler, The Grassmueck Group; Joseph Karas, Moss Adams LLP; James Gaffney, Moss Adams LLP; Stephen English, Perkins Coie LLP, and Darryl Steinhause, Luce, Forward, Hamilton & Scripps LLP

Turnaround of the Year - Mid-size Company, for Young Broadcasting LLC
Company revenue at the onset of the turnaround was between $300 million and $50 million (USD).

Kevin T. Shea, LM+Co; Martin Young, LM+Co; Aaron Kibbey, LM+Co; Helana Robbins, LM+Co; and Diana Lee, formerly of LM+Co

Turnaround of the Year - Small Company, for Analytics, Inc.
Company revenue at onset of turnaround was less than $50 million (USD).

Terry J. Bartz, MorrisAnderson; Aaron G. Gillum, MorrisAnderson; Daniel F. Dooley, CTP, MorrisAnderson; and David Warfield, Thompson Coburn LLP

Turnaround of the Year - International Company, for La Seda de Barcelona S A
Company has significant cross-border operations.

Alan Tilley, Bryan Mansell & Tilley LLP; Carlos Gila, Gila & Co; David Bryan, Bryan Mansell & Tilley LLP; and Richard Tett, Freshfields Bruckhaus Deringer LLP

The TMA Transaction of the Year Award honors professional teams involved in non-operational transactions that produced significant impact for distressed companies. The 2011 winners are:

Transaction of the Year - Mega Company, for General Growth Properties, Inc.
Company revenue at the onset of the turnaround was $1 billion (USD) or greater.

James Mesterharm, AlixPartners, LLP; Kenneth A. Hiltz, AlixPartners, LLP; John Dischner, CTP, AlixPartners, LLP; Kenneth Buckfire, Miller Buckfire & Co., LLC; Ronen Bojmel, formerly of Miller Buckfire & Co., LLC; Elizabeth Abrams, Miller Buckfire & Co., LLC; Steven Smith, UBS AG; Marcia L. Goldstein, Weil, Gotshal & Manges LLP; Gary T. Holtzer, Weil, Gotshal & Manges LLP; James H.M. Sprayregen, Kirkland & Ellis LLP; and Anup Sathy, Kirkland & Ellis LLP

Transaction of the Year – Mid-size Company, for Neff Rental LLC
Company revenue at the onset of the transaction was between $300 million and $50 million (USD).

James H.M. Sprayregen, Kirkland & Ellis LLP; Anup Sathy, Kirkland & Ellis LLP; Ray Schrock, Kirkland & Ellis LLP; Ronen Bojmel, formerly of Miller Buckfire & Co., LLC; Ofir Nitzan, Miller Buckfire & Co., LLC; Holly Etlin, CTP, AlixPartners LLP; and Harvey Rubinson, formerly of AlixPartners LLP

Transaction of the Year – Mid-size Company, for American West Bank, N.A.
Company revenue at the onset of the transaction was between $300 million and $50 million (USD).

Alexandra Steinberg Barrage, Morrison & Foerster LLP; G. Larry Engel, Morrison & Foerster LLP;  Vincent J. Novak, Morrison & Foerster LLP; Dina Kushner, Morrison & Foerster LLP; Jonathan T. Keen, Morrison & Foerster LLP; Kristin A. Hiensch, Morrison & Foerster LLP; Van C. Durrer II, Skadden, Arps, Slate, Meagher & Flom LLP; Kimberly D. Jaimez, Skadden, Arps, Slate, Meagher & Flom LLP; Ragan Powers, Davis Wright Tremaine LLP; Dillon Jackson, Foster Pepper PLLC; and Al Glowasky, Sandler O'Neill & Partners

Transaction of the Year – Small Company, for Jackson & Perkins Acquisition, Inc.
Company revenue at the onset of the transaction was less than $50 million (USD).  

J. Scott Victor, SSG Capital Advisors, LLC; Matthew P. Karlson, SSG Capital Advisors, LLC; Terry Kohler, SSG Capital Advisors, LLC; L. Stan Neely, Neely Consulting; Barbara G. Barton, Barton Law Firm PA; J. William Porter, Parker Poe Adams & Bernstein LLP; and Steve Kortanek, Womble Carlyle Sandridge & Rice PLLC

The Chicago-based Turnaround Management Association has more than 9,000 members in 48 regional chapters worldwide who comprise a professional community of turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants. Visit turnaround.org for more information.

SOURCE Turnaround Management Association