Two Turnaround and Restructuring Deal of the Year Awards from The Global M&A Network

Mackinac Partners (now Accordion), a leading financial advisory, turnaround and restructuring firm, has been recognized with two Deal of the Year Atlas Awards from the Global M&A Network, including Chapter 11 Restructuring of the Year ($500M to $1B) for its role as interim C-level management and lead restructuring advisor to Logan’s Roadhouse® Inc., a leading casual dining steakhouse, and for Special Situation M&A Deal of the Year ($5M to $25M) for the Quantum Fuel Systems Technologies Chapter 11 Reorganization & Sale to Douglas Acquisitions.

Mackinac Partners Senior Managing Director Nishant Machado, who served as CRO and CFO for the Logan’s Roadhouse restructuring and CRO for Quantum Fuel Systems Technologies, was also recognized with the Global M&A Network’s Turnaround Consultant of the Year-Middle Markets award.

The independently governed industry awards were presented at the 9th Annual Turnaround Atlas Awards Gala on April 4, 2017 at the Metropolitan Club of New York across more than 50 restructuring and M&A value creation categories, 15 outstanding firm categories, and 8 professional leadership categories. The Chapter 11 Restructuring of the Year Award ($250M-$1B) was presented to Mackinac Partners and other professional and legal advisors on the Logan’s Roadhouse restructuring team, including Jefferies & Co. and Young Conaway Stargatt & Taylor.

The Special Situation M&A Deal of the Year ($5M to $25M) for the Quantum Fuel Systems Technologies Chapter 11 Reorganization and Sale to Douglas Acquisitions was presented to Mackinac Partners and Quantum’s legal advisors on the transaction, Foley & Lardner. As CRO, Mackinac Partners helped manage the debtor through the bankruptcy process, streamlining activities, and administration of the §363 sale to Douglas Acquisitions LLC. The transaction allowed Quantum to restructure its debt obligations, and through new ownership, to provide the financial foundation for continuity and enhancement of the business.

“It is very special to be recognized by your industry peers for helping drive real value and transformation for your clients,” Mackinac Partner’s Managing Partner and Founder James Weissenborn said. “Congratulations to our co-recipients and team members on the Logan’s Roadhouse and Quantum Fuel Systems Technologies engagements, and to Senior Managing Director Nishant Machado for his well-earned recognition as ‘Turnaround Consultant of the Year’ in leading both of these important restructuring engagements.”

The Turnaround Atlas Awards are awarded annually in global forums to recognize excellence and a “Gold Standard of Performance” among professionals and firms from the global restructuring communities. “Winners should take pride for effectuating successful restructurings by demonstrating their creativity, patience and professional talents,” said Shanta Kumari, CEO and Global Group Editor at Global M&A Network. You can view a full list of 2017’s recipients here.

About Accordion

Accordion is a private equity-focused financial and technology consulting firm. Working at the intersection of sponsors and management teams, Accordion partners with clients at every stage of the investment lifecycle. The firm’s services span the entire CFO function within the private capital sector, including operational and technical accounting, strategic financial planning and analysis, CFO-driven transformation, CFO technology, transaction execution, public company readiness, interim leadership, and turnaround and restructuring. With a focus on hands-on, results-oriented execution, Accordion is widely recognized as the go-to PE consultancy and the premier digital-enablement partner for portfolio CFOs. In addition, Accordion has been recognized as an employer of choice for pioneering a better way to work in finance. Accordion has a total of 9 offices including its headquarters in New York and locations in Boston, Charlotte, Chicago, Dallas, Detroit, Los Angeles, San Francisco, and South Florida.