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Bracewell Financial Restructuring Team Wins Two Turnaround Atlas Awards

Image: Turnaround Atlas Awards

NEW YORK (April 5, 2019) – Bracewell LLP is recognized with two M&A Turnaround Atlas Awards for its role in two successful restructurings in 2018.

Bracewell’s role in the restructuring of Transworld Systems Inc. (TSI) was honored as the Out of Court Restructuring (Mid-Market) Deal of the Year. TSI is 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.

Bracewell also won the award for Cross Border Distressed M&A Deal of the Year in connection with the firm’s representation of the members of the Ad Hoc Group of Equity Holders, Apollo Global Management LLC and Alta Fundamental Advisers LLC, in connection with their purchase of substantially all of the assets of Premier Exhibitions, Inc., the public company that owns, among others, the largest collection of artifacts from the Titanic ocean liner.

Winners will be recognized at an awards ceremony in New York City on May 9.