The 14th Annual Turnaround Awards by The M&A Advisor recognized Lowenstein Sandler for two important restructuring deals completed during 2019.

The Chapter 11 restructuring of M&G Chemicals was named the winner of “Cross-Border Restructuring of the Year.” Lowenstein represented Indorama Ventures Corpus Christi Holdings LLC in a $1.1 billion+ highly complex transaction in which Indorama participated in a joint venture that successfully completed the acquisition through a section 363 sale of a PTA-PET production facility in the M&G USA Corporation chapter 11 bankruptcy case. Currently under construction, the completed plant will be the largest vertically integrated PTA-PET production facility of its kind anywhere in the world. The Lowenstein team included attorneys Nicholas San Filippo IV, Paul Kizel, Sam E. Khan, Nicholas G. Mehler, Eileen Overbaugh, Stuart S. Yusem, Philip J. Gross, and Mitchell McDonald.

The Chapter 11 reorganization of New England Motor Freight (NEMF) was named the winner of “Restructuring of the Year ($25M to $50M).” Lowenstein attorneys Joseph J. DiPasquale, Mary E. Seymour, and John P. Schneider served as counsel to the committee of unsecured creditors in the bankruptcy case of NEMF, who filed for chapter 11 protection in February 2019. Formerly one of the largest less-than-truckload carriers in the U.S., NEMF sold off its rolling stock in the largest bankruptcy auction of its kind.

The M&A Advisor Awards, widely respected as a pinnacle of achievement, recognize excellence in deal making, accomplishments and the contributions of leading firms and professionals. The nominations, representing over 240 participating companies, were judged by an independent panel of industry experts. The awards will be presented at a black tie gala on Wednesday, March 18, 2020 in Florida. 

Now in its 22nd year, The M&A Advisor was founded to offer insights and intelligence on mergers and acquisitions, establishing the industry’s leading media outlet in 1998. Today, the firm is recognized as the world’s premier leadership organization for mergers & acquisition, restructuring and corporate finance professionals, delivering a range of integrated services.