Catalyst Capital wins award for Pacific E&P restructuring deal

Canadian private equity firm Catalyst Capital Group has been awarded the 2017 “Cross Border Turnaround of the Year Award” from the Global M&A Network. The award, which recognizes multi-jurisdictional restructuring events valued above US$5 billion, went to Catalyst for its role in last year’s restructuring of Pacific Exploration & Production Corp, a Toronto producer of natural gas and crude oil in Latin America. Catalyst was also nominated for the 2017 “Global Private Equity Turnaround Firm of the Year Award”. The winner will be announced in a ceremony in New York on April 4th.


The Catalyst Capital Group Receives 2017 Cross Border Turnaround of the Year Award from the Global M&A Network for Pacific E&P Restructuring

Nominated for 2017 Global Private Equity Turnaround Firm of the Year

Recognized as a Leading Private Equity Firm in Turnaround Management

March 17, 2017

TORONTO–(BUSINESS WIRE)–The Catalyst Capital Group Inc. (“Catalyst”) is pleased to announce that it has been recognized with the 2017 Cross Border Turnaround of the Year Award from the Global M&A Network for its role in the restructuring of Pacific Exploration & Production Corp. The award recognizes the best value-creating multi-jurisdictional restructuring events with a qualified value above US$5 billion, in or out of court.

Catalyst was also nominated for the 2017 Global Private Equity Turnaround Firm of the Year Award along with Apollo Global Management, LLC, Cerberus Capital Management, L.P. and Oaktree Capital Management LP. The winner of this award will be announced at Global M&A Network’s 9th Annual Turnaround Atlas Awards on April 4th, 2017, in New York, NY.

Newton Glassman, Managing Partner of Catalyst, said, “In our first year of participating in this global analysis, we are very pleased to be recognized for Cross Border Turnaround of the Year in relation to our work with Pacific E&P and to have been nominated for Global Private Equity Firm of the Year.”

Gabriel de Alba, Managing Director and Partner of Catalyst, said, “With multiple jurisdictions involving numerous regulators, courts, creditors and stakeholders, Pacific E&P’s restructuring was a success only because of the effort of everyone involved. This included those within the company, among the creditor groups and across the advisor community. Through these efforts, Pacific E&P emerged from its recapitalization with a renewed strategic focus, immediately relisted as a public company and has the right leadership in place to drive value creation for all stakeholders.”

Added de Alba, “I certainly want to thank the talented team at Catalyst for such a tremendous outcome. This recognition is a testament to Catalyst’s focus on principled investing in the distressed market and generating superior results for investors.”

The Turnaround Atlas Awards exclusively honors excellence from the restructuring, distressed investing, insolvency, special situations M&A transactions and turnaround communities. The independent awards recognize achievements in the categories of best value-creating transactions, outstanding firms, top professionals, and influential leaders. The winners are selected independently on performance criteria such as style, pre/post workout, survivability and sustainability, operational/client/HR metrics, number of creditors, timeliness, jurisdiction; resourcefulness; among additional criteria unique to the award category. For more information,

About The Catalyst Capital Group

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

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Photo courtesy of Reuters/Jose Miguel Gomez