Milestones

April 2017
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Milestones

Sheon Karol has joined The DAK Group, a boutique investment bank serving middle market companies, as a managing director. He has more than three decades of experience and has negotiated transactions in industries that include manufacturing, biotech, pharma, for-profit education, medical research, agriculture, consumer goods, food & grocery, and sports. He brings a combination of executive, turnaround, legal, and finance experience that covers every facet of the middle market M&A transaction process. Karol holds a law degree from Yale University and a bachelor’s degree from Yeshiva University.

Thomas E. Kelso has been named president of Matrix Capital Markets Group Inc. This new role is in addition to his responsibilities as managing director and principal and head of the firm’s Downstream Energy & Convenience Retail Group. Matrix Capital Markets Group Inc. is an independent, advisory focused, privately held investment bank headquartered in Richmond, Virginia, with additional offices in Baltimore, Chicago, and Dallas.

Daniel A. Lowenthal has been named chair of the Business Reorganization and Creditors’ Rights Practice at Patterson Belknap in New York. He succeeds David W. Dykhouse, who had chaired the practice for more than 30 years and is now of counsel to the firm. Lowenthal regularly represents U.S. and non-U.S. business entities in a wide range of complex litigation issues arising out of bankruptcy, including creditors’ right disputes, purchases of intellectual property assets, distressed debt acquisitions, and restructuring. Lowenthal’s clients include creditors’ committees, trade creditors, indenture trustees, and bankruptcy trustees and examiners in domestic and international cases.

Erik Madsen has joined Accord Business Finance in Chicago as a director to support new business development. He brings extensive experience in business development with small and medium-sized businesses throughout the Midwest. Madsen hails from Denmark, where he received a bachelor’s degree in business economics from AAlborg School of Economics.

Drew McManigle, a managing director with SierraConstellation Partners LLC and head of its Houston office, has been promoted to lead the firm’s operations throughout the Southwest region, which includes Texas, New Mexico, Louisiana, and Oklahoma. Based in Houston, he oversees the firm’s strategy, client engagements, operations, and business development activities for the region, while also continuing to advise clients on complex business challenges. McManigle has more than 27 years of experience in operational leadership, business turnarounds, and financial restructurings, and has conducted complex litigation worldwide.

Ryan Rassin has been promoted to managing director and Matthew Alles has been promoted to director at LBC Credit Partners. Rassin is responsible for sourcing, structuring, and negotiating new investments in the Midwest and Southwest regions. He has more than 22 years of leveraged lending and corporate finance experience, and possesses considerable transaction experience. Alles leads the team for primary research and underwriting of new investment opportunities. He has more than 15 years of experience in leveraged lending and financial services.

Steven B. Smith has joined JND Corporate Restructuring as a senior consultant. He focuses on advancing the company’s growth objectives and supporting clients in their corporate restructuring endeavors. Most recently, Smith served as bankruptcy counsel in the New York office of Blank Rome LLP, representing parties in complex Chapter 11 cases and other distressed situations. He holds a law degree from Brooklyn Law School and a bachelor’s degree from Yeshiva University. JND Corporate Restructuring is a subsidiary of JND Legal Administration, which provides technology-driven claims and noticing services to companies undergoing corporate bankruptcy.

Anson Smuts has joined financial and strategic advisory firm O’Keefe as a senior associate. He is experienced in accounting and finance principles, M&A, business valuation, intellectual property, and data analysis to identify strategies for business growth and development. He most recently was with Floyd Advisory, a consulting firm with offices in New York and Boston. Smuts has a bachelor’s degree from the University of Cape Town in South Africa and a master’s degree from Fordham University. He is a Certified Management Accountant (CMA) and a Certified Valuation Analyst (CVA).

Gordon Brothers, a global advisory, restructuring, and investment firm, has expanded into Australia, opening a new office in Sydney led by seasoned restructuring and turnaround management professional Tim Stewart, who serves as managing director. He is joined by Christopher Shaw, an eight-year veteran of the firm, who is relocating from Gordon Brothers’ London office. Previously, Stewart was managing director and head of the Royal Bank of Scotland Plc’s restructuring team in the Asia Pacific region. He was responsible for managing distressed and underperforming assets across India, Singapore, Hong Kong, Japan, China, Malaysia, and Australia, and led financial and operational restructures, debt for equity swaps, and turnarounds.

Raymond J. Urbanik has joined Okin Adams LLP and heads the firm’s newly opened Dallas office. With more than 25 years of experience, he has worked on all types of restructuring, bankruptcy, and turnaround cases, including national restructurings. Urbanik was previously a partner in the Corporate Finance and Restructuring Group at Munsch Hardt Kopf and Harr PC. He is licensed in Texas and New York and is admitted to practice in federal courts and Bankruptcy Courts throughout the United States. Ubanik holds a bachelor’s degree from Duquesne University College and a law degree from Duquesne University Law School and was previously a licensed CPA. He is a former president of the TMA Dallas Chapter and is currently a member of its board of directors.

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