TMCNet:  KPMG Vivitar Deal Named M&A Deal of the Year at Turnaround Atlas Awards

[July 07, 2009]

KPMG Vivitar Deal Named M&A Deal of the Year at Turnaround Atlas Awards

Jul 06, 2009 (Close-Up Media via COMTEX) -- KPMG Corporate Finance, an independent, middle-market investment bank, announced that Sakar International's acquisition of Vivitar from Syntax-Brillian, a transaction for which KPMG Corporate Finance advised Vivitar, was a winner of the Turnaround Atlas Awards' Special Situations M&A Deal of the Year.


KPMG Corporate Finance was chosen among 33 other winners at the Turnaround Atlas Awards ceremony, held at the Historic Walnut Room at Hotel Allegro in Chicago on Monday, June 22. The awards gala and ceremony, presided by the evening's host and master of ceremonies Jeff Flock, business reporter with Fox Business News Network, were attended by leaders and executives from the industry.

"The Vivitar transaction was a challenge given the speed of the process but was nonetheless a huge success based upon the value achieved," said Lorie Beers, managing director with KPMG Corporate Finance's Special Situations Advisory Group (SSAG). "We are proud to receive the Atlas award for this deal." Shanta Kumari, chief executive officer of Global M&A Network, said, "Today, the demand for top talent gathered at the Turnaround Atlas Awards gala is vital for preserving industries, jobs and rebuilding of the American economy and competitiveness. Winners and finalists can take pride for completing an impressive array of turnarounds requiring creative collaboration and the very best from the industry." ((Comments on this story may be sent to newsdesk@closeupmedia.com))

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