Press Release

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 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.”