King & Spalding LLP is the recipient of M&A Advisor’s 17th Annual Turnaround Awards Telecommunications Deal of the Year. Winners will be recognized at the 17th Annual Turnaround Awards on March 22, 2023 in Palm Beach, Florida.
King & Spalding LLP served as Pareteum Corporation’s special corporate and finance counsel, Togut, Segal & Segal LLP served as restructuring counsel, and FTI Capital Advisors served as investment banker to the debtors in its Chapter 11 cases filed in the Bankruptcy Court for the Southern District of New York. King & Spalding and the Togut Firm assisted the debtors in obtaining approval in June 2022 of the sale to Circles MVNE and Channel Venture Group. The sale closed on July 11, 2022.