TORONTO--(BUSINESS WIRE)--The Catalyst Capital Group Inc. (“Catalyst”) is pleased to announce that it has received the International Turnaround of the Year Award from The Turnaround Management Association (“TMA”) for its role in the restructuring of Pacific Exploration & Production Corp (“Pacific E&P”), the company now known as Frontera Energy Corporation (TSX: FEC) (“Frontera”). The award will be presented to Catalyst and other members of the restructuring team during the 2017 TMA Annual in Fort Worth, Texas, which runs October 23-25, 2017.
“We thank The Turnaround Management Association for recognizing the entire advisory team involved in the transformational restructuring of Pacific E&P, which is now named Frontera Energy Corporation,” said Gabriel de Alba, Managing Director and Partner of Catalyst. “The new strategy, capital discipline and strong balance sheet made possible by the restructuring has enabled Frontera to position itself as a disciplined, low cost, exploration and production company dedicated to sustainable production, growth and the creation of shareholder value. Frontera is also working very hard to maximize the value of its infrastructure assets. In addition to benefiting the company’s shareholders, the successful restructuring of the company has created new employment opportunities and has supported the local service providers and communities who benefit from the company’s business activities.”
This TMA recognition is Catalyst’s 6th industry award of 2017 and the Group’s 3rd for its work with Pacific E&P. Catalyst’s previous awards include:
- 2017 Corporate/Strategic Deal of the Year from The M&A Advisor’s International M&A Awards
- 2017 Cross Border Turnaround of the Year Award from the Global M&A Network
- 2017 Global Private Equity Turnaround Firm of the Year from the Global M&A Network
- 2017 Best Private Equity Investment Firm (Ontario) from Acquisition International Magazine
- 2017 Best of the Best in Turnaround Management (Canada) from Acquisition International Magazine
Catalyst continues to work with Frontera to advance its strategic initiatives and remains Frontera’s largest shareholder.
About The Catalyst Capital Group Inc.
The Catalyst Capital Group Inc., a private equity investment firm with more than $6 billion in assets under management founded in 2002, is a leader in operationally focused turnaround investing. The firm's mandate is to manufacture risk adjusted returns, in keeping with its philosophy of "we buy what we can build." Catalyst's Guiding Principles of investment excellence through operational involvement, superior analytics, attention to detail, intellectual curiosity, team and reputation are key to the firm's success. The Catalyst team collectively possesses more than 110 years of extensive experience in restructuring, credit markets and merchant and investment banking in Canada, the United States, Latin America and Europe. For more information, please visit www.catcapital.com.
About the Turnaround Management Association
The Turnaround Management Association (TMA) is the leading organization dedicated to turnaround management, corporate restructuring, and distressed investing. Established in 1988, TMA has more than 8,300 members in 55 chapters worldwide, including 32 in North America. Members include turnaround practitioners, attorneys, accountants, advisors, liquidators, executive recruiters, and consultants, as well as academic, government, and judicial employees.