M&A Advisor selected the restructuring of ITR Concession Company, operator of Indiana Toll Road, and its ensuing $5.725 billion sale to IFM Investors, as the Distressed M&A Deal of the Year (in the over $1 billion category) at its 10th Annual Turnaround Awards. A cross-practice Orrick team featuring Young Lee and Dan Mathews of the Energy & Infrastructure Group, King Milling and Tal Hacohen of the Corporate Group and Lorraine McGowen of the Restructuring Group advised on the matter. In November, a separate M&A Advisor judging committee also recognized this matter as its M&A Deal of the Year.
The M&A Advisor Turnaround Awards honor the accomplishments of the leading distressed investing, restructuring and turnaround firms and professionals.