Cadwalader Wins ‘Deal of the Year’ Award in The M&A Advisor Annual ‘Turnaround Awards’

February 03, 2023

Cadwalader has been recognized in The M&A Advisor’s annual “Turnaround Awards” as winner in the “Distressed M&A Deal of the Year” category for its work on the credit bid acquisition of MD Helicopters, LLC asset and operations. 

The awards, launched in 2002, honor the leading turnaround transac­tions, companies and dealmakers that represent “the best of the distressed investing and reorganization industry.”

Cadwalader represented long-time client MBIA Inc. and a joint venture acquisition vehicle majority owned by MBIA and Bardin Hill Investment Partners in connection with the acquisition of aircraft manufacturer MD Helicopters, Inc. through a Bankruptcy Code Section 363 asset sale. Cadwalader also represented the joint venture in connection with the arrangement of a secured term loan with commitments of approximately $60 million effective upon the consummation of the acquisition of MD Helicopters.

The Cadwalader team included Corporate co-chair Bill Mills, partner Braden McCurrach and associates Peter Bariso, Eileen Patterson and Daniel Morrison; Financial Restructuring chair Greg Petrick, partners Ingrid Bagby and Michele Maman and associates Christopher Floyd and Marc Veilleux; Executive Compensation and Benefits partner Michael Bergmann; Finance partner Christopher McDermott, special counsels Michael Lynch and Mathew Stempler and associate Joseph Mascherin; Tax chair Linda Swartz and associate Matthew Seitz; and Intellectual Property partner Danielle Tully, special counsel Howard Wizenfeld and associate Jennifer Rabbino.