March 2023- The firm received The M&A Advisor’s Restructuring of the Year Award for advising Delta Air Lines in its capacity as strategic partner and equity investor in the Chapter 11 restructuring of Grupo Aeroméxico. The deal closed in March 2022.

The honor will be presented as part of the Turnaround Awards, which began in 2007 and are seen as the restructuring and distressed investing industry’s “benchmark for excellence.”

“Given the volatile nature of business over several years, and in an uncertain, rising-rate environment that is increasingly demanding of its professionals, we have recognized the leading transactions, firms and individuals that represent the highest levels of performance,” said Roger Aguinaldo Founder and CEO of The M&A Advisor. 

Katie Coleman led the Delta team for HHR overseeing all bankruptcy, corporate and litigation strategy, along with Jeff Margolin, who was essential to the engagement’s success by not only contributing to strategy but also by ensuring immediate results and responsiveness to Delta’s legal and business teams. Chris Gartman was the lead litigator, including defending Delta at all depositions. Steve Greene and Scott Naturman advised on the numerous agreements needed to consummate the reorganization transactions. Carl Mills, Elizabeth Beitler and Talia Helfrick assisted on all bankruptcy and litigation matters.

The awards will be presented at a The Colony Hotel in Palm Beach, Florida on March 23.