SSG CAPITAL ADVISORS, LLC ACQUIRES
THE SPECIAL SITUATIONS PRACTICE FROM
NATIONAL CITY INVESTMENT BANKING
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, Robert C. Smith,
Matthew P. Karlson and Michael Goodman 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.
"We are excited about this tremendous opportunity to reacquire SSG and continue
to build upon the platform our team has developed going back to 1993. We have
seen a great demand for financial advisory services for underperforming
companies, and we believe the increased demand will last for several more
years. SSG has worked hard to attain our national reputation and we are proud
of the tremendous track record of more than 150 special situation transactions
since 2001," explains Mr. Victor.
Adds Mr. Chesen, "We are focused on building on our track record of continuing
to be one of the country's premier restructuring focused investment banking
firms. We remain dedicated to assisting our client base in dealing with the
current unprecedented economic turmoil."
For follow up, please contact J. Scott Victor at (610) 940-5802 and
jsvictor@ssgca.com or Mark Chesen at (610)
940-5801 and mchesen@ssgca.com.
