The Advisor of M&A recently announced the winner of the highly coveted 13th Annual Turnaround Awards to the Chicago based international investment banking firm.
The Madison Street Capital also attained the award for Distressed M&A Deal of the year which reigned in over $25 million to $50 million. This was due to their performance in service as the exclusive advisor to the Sachs Capital Group in relation to the take-private of the RMG networks.
The investments of Sachs Capital Group together with the Virgo Capital and the Merion Investment Partners offered the debt financing in relation to the sealing of the transaction. The leader of the Madison Street Capital was headed by the Senior Managing Director, Barry Petersen.
The founding member and acting CEO of the Madison Street Capital, Charles Botchway was honored for the recognition of the work on the transaction. He further thanked all the team members that had invested the efforts and hard work towards the course.
According to Botchway, the award elevated the ability of the Madison Street Capital in assisting the clients in navigating and closing in on complex transactions. Apart from the award, the M&A Advisors also announced the winners in different categories such as Restructuring of the Year, Refinancing of the Year, Firm of the Year, Sector Deal of the Year, Turnaround Product/Service of the Year and Professional of the Year.
The nominations were inclusive of over 275 different participating firms which were judged by an independent just that consisted of experts in the industry. The firms that took home the awards were representation of the distressed investing and the shifting industry in the year 2018. According to the founder of the M&A Advisor, Roger Aguinaldo, the firms earned the honors by standing out in the group to curtain raise for others.
The awards were meant to recognize the leading transactions in an environment which is characterized with increasing demand of the professionals. It also shone a light on the firms and individuals who represented the highest levels of performance in the industry.
The winners of the highly coveted awards will be later presented with the awards during the black tie gala. This would be held during the 201 M&A Advisor Distressed Investing Summit late in March, The venue for the event would be in Palm Beach, Fl.
Madison Street Capital reputation is an internationally recognized investment banking company. The firm is committed in virtues such as excellence, integrity, service and leadership in the delivery of the corporate financial advisory services. They also offer merger and acquisition expertise, valuation services to public and private entities and financial opinions.
The services help in the positioning of the clients to attain success in the worldwide market. The firm has earned the trust from the clients across the globe due to the dedication to their professional standards.
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The Early Life Of Louis Chenevert
Louis Chenevert was born in 1958 in Montreal Quebec. It was during his typical childhood that the world of business peaked his interest. He knew that if he gave endless dedication to his dream of entrepreneurship he would be successful. He understood that success came from hard work. Chenevert went on to study business at the University of Montreal. His major was production management. Production management is the department that makes sure goods are created with top notch quality, quantity, and speed, while costing the company very little, to gain a profit in the end. The production management department is sometimes the most important part of a company’s efficiency. Chenevert chose this area to work in because he had a desire to be instrumental in the success of a company.
Getting Into The Auto Industry
It was right after Louis Chenevert earned his degree in production management that he was hired on to General Motors in Quebec. Guy Hachey was very proud to have hired him. Hachey placed Chenevert in charge of the assembly line. The two young men had a common interest of making the company better and climbing the ladder at the same time. Hachey was already a year-and-some ahead of Chenevert. He says every time he would get promoted, he would promote Chenevert. Hachey says Chenevert is most likely the best executive he has ever had.
Continuing To Climb
In 2008 Hachey went on to be the president and COO of the Bombardier Aerospace company up until 2014. Both of the young men learned so much from working in the auto industry. The speed of the assembly lines required so much attention to detail, as well as fast decision making. Hachey says they were building a vehicle per minute, that left very little room for error. If any mistakes were made, within the hour you could have 60 vehicles that needed correction. Today the two men are still close. They both recall their experience in the field, working together. Hachey says whenever they reflect on old times their laughs bring them both to tears.
Harry Harrison was an investment professional with an excellent career. At one time, he was one of the leading executives of Barclays. Harry was in charge of all the non-core products and services offered by Barclays.
In recent months, he started working on a business plan. He was tired of the corporate grind, and he wanted more control over his time. He decided to start a business in the financial services industry. His wife already ran a financial services company, so he knew what was needed to be successful. Harry recently had an interview and discussed his decision to leave Barclays.
Why Did He Leave?
As an executive at Barclays, Harry was making a ton of money each year. He could have stayed in that position and retired early. He talked about becoming bored with his routine. Each day, he would wake up and work long hours on various projects. His health was declining, and he decided to make a drastic change.
Harry is a major proponent of diversity in the workplace. He firmly believes companies should hire diverse workers to improve results. During his interview, he gave examples of how employees with unconventional backgrounds were able to improve his company.
Starting a Company
Harry also discussed the challenges of starting a business. Few people realize all of the problems that new business owners must face. Harry invested a lot of money to get his company started. Although it is a financial risk to manage his own business, he is excited about the coming years.
Financial Services Industry
Multiple trends are impacting the financial services industry. Customers are tired of paying high fees for lousy service. Harry’s company is designed to offer valuable recommendations at an affordable cost. He plans to add hundreds of new clients this year through various advertising methods.
Insurance companies have mushroomed in the present business field. Investors no longer fear the high risks associated with high-return investments. As a result, they have utilized the services of insurance companies by acquiring insurance policies that cover probable risks in their line of investment. Moreover, these companies make use of the unique services of financial advisors who not only use their expertise for the best of the firm but also for their clients’ financial well-being. AXA Advisors is among these businesses with Vinny Parascandola being their most coveted financial advisor.
Vinny Parascandola is a prominent financial advisor well known for his wise and accurate advice on insurance policies. His unique financial skills and vast experience of over 17 years have set him on a career path that has lead to him being appointed the vice president in charge of Finance at AXA Advisors. The company is a brokerage firm with over five thousand authorized representatives in the country, and it is located in New York.
The company was incorporated in 1859 and has been in business ever since. Since time immemorial, it has aimed at offering services to its clients in both stable and reliable manner. Its services circumvent around wealth management, advice benefits to employees, retirement strategies, life assurance, and financial cover. The firm is purposed at helping clients lead well-defined and secure lives.
Vinny Parascandola has the responsibility of recruiting and training new advisors to the firm, which ensures business efficiency. To complement this, he has inspired the creation of strategies that assist clients through financial security.
Moreover, Vinny has overseen the development of other financial professionals in New Jersey. Presiding over the company’s sales, he has enhanced productivity. This has seen the profit margin of the company build-up uniformly. He is an advisor with a difference whose focus is to help clients make meaningful steps towards sound financial futures.