The five senior investment bankers responsible for managing the Special Situations Group of National City Investment Banking have formed SSG Capital Advisors, LLC and acquired the Special Situations Group from NatCity. The five professionals – J. Scott Victor, Mark E. Chesen, Michael Goodman, Matthew P. Karlson and Robert Smith are responsible for initiating, structuring and closing over 150 financial restructuring assignments over the past ten years.

SSG Capital Advisors, LLC and its staff of professionals will remain based in West Conshohocken, Pennsylvania and will maintain its office in New York, New York.

The new boutique investment bank will continue to assist businesses facing operational or financial challenges with a focus on four core services: (1) distressed merger and acquisitions both in and outside of Chapter 11 bankruptcy; (2) private placements of senior debt, subordinated debt and equity for companies in transition; (3) complex financial restructurings involving bankruptcy and non-bankruptcy situations; and (4) complex valuations and fairness opinions involving challenging situations.