NEW YORK (December 28, 2018) – Bracewell LLP won two awards at the 13th annual M&A Advisor Turnaround Awards.
The firm was honored for Financial Deal of the Year (Over $500 Million) for the successful restructuring of Transworld Systems Inc. (TSI), a leading provider of outsourced accounts receivable management, healthcare revenue cycle management and loan servicing solutions. Bracewell represented Platinum Equity as the private equity sponsor of TSI in an out-of-court financial restructuring of more than $500 million of the company’s funded debt obligations, which was completed on May 22, 2018.
In addition, Bracewell was honored for Restructuring of the Year ($1 Billion to $5 Billion) in connection with the restructuring of Fieldwood Energy LLC. Bracewell served as counsel to Noble Energy, an independent oil and natural gas exploration and production company, as seller, in the divestment of its US Gulf of Mexico offshore oil and gas assets to Fieldwood Energy LLC, as buyer, as part of Fieldwood’s “prepackaged” Chapter 11 plan.
Winners will be honored at a gala on March 28, 2019, at The Colony Hotel in Palm Beach, Florida.