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Carl Marks Advisory Group LLC was listed among top investment banking firms in The Deal's 2010 fourth-quarter bankruptcy league tables, ranking ninth in numbers and 12th in volume with 11 cases. Two of its investment bankers also were named to the list of top investment bankers. Partner Christopher K. Wu ranked 7th; Mark L. Claster, Partner of Carl Marks Advisory Group and President of its parent company, Carl Marks & Co., ranked 11th among investment bankers.
Carl Marks' investment banking division has experienced significant growth over the past several years. Claster observed that the firm's success in investment banking is a natural outgrowth of its corporate revitalization business, with clients increasingly turning to Carl Marks as its bankers continue to frontline significant bankruptcy engagements. Moreover, Claster noted that this recessionary cycle has created increased demand for investment banking services as companies have focused on balance sheet and capital solutions to restructurings.
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"Our brand of hands-on advocacy with talented investment bankers enables our clients to achieve their desired results," said Claster. "We have extended our capabilities in bankruptcy advisory as well as non-distressed investment banking with great success." |
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Wu noted that the investment banking group is active in a number of bankruptcies in sectors such as retail, energy and real estate and expects the group will continue its momentum in 2011 and beyond.
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