Global M&A Network honored the winners of the prestigious 10th Annual Turnaround Atlas Awards on July 19. The independently governed awards honors excellence in unique categories of best value-creating transactions, outstanding firms, top professionals and legendary leaders from the restructuring and distressed investing industries.
Sheon Karol, Managing Director at The DAK Group was awarded the Boutique Investment Banker of the Year. This award honors brilliant and successful professionals from the restructuring and turn around industries for their demonstrable record of executing transactions on behalf of clients. The award recipient must win a transactional award to be considered for this category.
“Each leadership and professional award recipient is among top influencers in the industry, with a distinguished record of revitalizing companies, vision to shape their organization, as well as a matchless combination of personal humility and support for the community” said Shanta Kumari, CEO and Global Group Editor at Global M & A Network.
The DAK Group was also honored with The Turnaround of the Year award for the restructuring of Violin Memory and acquisition by Soros Fund Management. Sheon Karol led The DAK Group team that provided investment banking and financial advisory services to the Unsecured Creditors Committee for Violin Memory.
To view the complete list of this year’s Turnaround Atlas Awards CLICK HERE
“The success of Violin Memory shows that skill and ingenuity can overcome the pressures of truncated sales periods” stated Sheon Karol. “One has to keep improving. As Winston Churchill said, ‘to lose momentum, is not merely to stop but to fall’”.
Sheon Karol is a Managing Director in the New Jersey office of The DAK Group. Sheon has a rare combination of executive, turnaround, legal, and finance experience that covers every facet of the middle market M&A transaction process.
Sheon leads processes for U.S. and international companies in both healthy and stressed M&A transactions. Over the course of his career, Sheon has negotiated transactions in a wide range of diverse industries, including: manufacturing, bio-tech, pharma, for-profit education, medical research, agriculture, consumer goods, food & grocery, sports and technology. He is a graduate of Yale Law School and Yeshiva University.