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WHAT'S INSIDE:
TMA NOW Summit
TMA Families take part in Back2School
Member News
MARC Recap
University Scholarship Winners
Save the Dates: Capital Marketplace and Executive Speaker Forum
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TMA Chicago/Midwest | July 2024 | Q2 | |
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TMA Chicago Partners with Back2School America for the 3rd Annual School Supply Kit Event
By Liz Janczak, Smith Gambrell Russell LLP
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On June 11, 2024, 12 TMA Chicago/Midwest members along with five of their family members gathered for the chapter’s service event for the third year in a row. TMA partnered with Back2School America, a non-profit organization whose mission is to create and support educational opportunities that enrich the lives of children across the USA. TMA members and their families built 240 school supply kits for local Chicagoland children in need. Each school supply kit contained basic age-appropriate school supplies and a “Note of Inspiration” written by a TMA member.
Thirty-eight percent (38%) of all children in the US live in low-income households and 17% of all children live in families that are at or below the poverty line. Back2School America has provided more than 10 million school supplies to over 340,000 across the country.
The event was hosted by the Crown Family YMCA, who will distribute the school supply kits to local children involved in its programs.
Special thanks goes to the TMA members/firms who provided donations to support this event: Thomas O’Donoghue (CR3 Partners, LLC), Sandy Prabhakar (Armory Group LLC), Neema Varghese (NV Consulting Services), Development Specialists, Inc., and Smith Gambrell & Russell LLP.
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CHAPTER LEADERSHIP MUSINGS | | |
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Success through Service: Service to Clients
Jack O'Connor, Levenfeld Pearlstein LLC
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The year is in full swing and I’m so glad to see all of the successes we’ve already achieved in 2024. In the past several months, we have seen our leaders and members take “Success through Service,”
to heart and put action behind our commitments to ourselves and each other.
This quarter, I want to speak to one of the three pillars of service outlined in my first message of the year: service to clients. As we are all aware, our clients are the lifeblood of our professional lives. I
am grateful to know that, as the premier trade organization for the turnaround and restructuring industry, our members place client service at the top of their professional priority lists, seeking the
best possible results from situations that are frequently challenging. Read more...
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VICE PRESIDENT & COMMUNICATIONS | |
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With another quarter behind us, it’s my pleasure to bring you the second TMA Chicago/Midwest newsletter of 2024. Staying on the “Success Through Service” theme from our chapter President, Jack
O’Connor, we will have a look at what our communications and awards committees have accomplished so far. Read more...
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Tina L. Hughes, CTP; James E. Busk, REALTOR© and CTP; Catalin M. Diaconu, CPA, CIRA; and Anne Doherty established a new office in Chicago as part of the Creative Planning Business Advisory Services group, bringing the total to 18 business advisors across 7 Midwest states. The practice continues to grow and include business consulting, M&A advisory and fiduciary services, with additional services available through its affiliates. | | |
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Tom Goldblatt, CTP, of Ravinia Capital LLC, a boutique investment bank, announced that veteran investment banker Ken Hachikian has joined the firm. Ken is an experienced Investment Banker to middle market companies focusing on sales of companies and debt advisory. "We are thrilled to add an investment banker of Ken's experience and prestige to our team. His commitment to excellence and calm emotional intelligence aligns perfectly with our mission," said Tom Goldblatt, Managing Partner of Ravinia Capital. | | |
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Kevin A. Krakora, CTP, Managing Director with Getzler Henrich, recently had two automotive articles featured by MOTOR Magazine. The articles titled “Bridging the Gap: How Auto Suppliers Can Thrive in the ICE to BEV Shift” and “EV Production Stalls: What Can Suppliers Do?” deal with issues and challenges regarding the automotive industry’s shift to battery electric vehicles. Kevin is the head of Getzler Henrich’s automotive practice. | | |
CHAPTER NEWS: TMA OUT N' ABOUT | | |
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April 7-9: A Grand Slam in Grand Rapids for MARC
By David Levy, Summit Investment Management and Keen-Summit Capital Partners
| The 17th annual Mid-America Regional Conference welcomed over 200 attendees to host city Grand Rapids, Mich. Set against the backdrop of the Grand River, attendees were in for a treat as the solar eclipse took place on April 8. | | |
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April 10: Student Case Competition Success
By Jon Pogorzelski, Alvarez & Marsal
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The Chicago Chapter hosted a virtual case competition focused on the distress and turnaround of X (Twitter). Over 30 undergraduate students competed from Indiana University, University of Illinois Urbana-Champaign, and University of Illinois Chicago. Students were able to showcase their skills in front of 7 judges from Alvarez and Marsal, Beck Chaet Bamberger & Polsky, S.C., Lathrop GPM LLP, MorrisAnderson & Associates Ltd., Silverman Consulting, and The Keystone Group.
The winning team, “Capital Structure Surgeons”, from Indiana University was a group of four freshman: Vedant Tuli, Ishaan Jha, Rahul Nambiar, Isaac Martin. This event was a great opportunity for students to learn more about the world of restructuring and connect with current turnaround professionals.
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April 16: TMA Compares Restructuring Practices Across the Pond
By Catalin Diaconu, Creative Planning Business Solutions
| The Germany, Chicago, and Detroit TMA chapters recently hosted a highly engaging webinar on the differences between German and US turnaround and restructuring practices. The event drew over 108 attendees. Read more... | | |
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May 2: TMA Membership Fiesta!
By Bridget Anderson, Siena Lending Group
| The TMA Membership Committee hosted a Cinco de Mayo themed membership happy hour at Barrio in River North. The event provided the opportunity for existing members to catch up and new members to get acquainted with the chapter. Despite afternoon thunderstorms, over 50 chapter members showed up to enjoy some post-work margaritas and conversation. A special thank you to Betsy Paraszczak from Silverman Consulting (also a TMA Membership committee member) for help with the theme and venue ideas. The committee looks forward to planning another membership happy hour in the fall. Stay tuned for more information! | | |
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May 28: The I-94 Rivalry Brings TMA Baseball Fans Together
By Erin West, Godfrey & Kahn
| The Milwaukee Committee hosted a fun rivalry party as the Milwaukee Brewers took on the Chicago Cubs at American Family Field. The group secured a private bull pen area in right field, directly on field level! The views were unprecedented and really made you feel like you were “in the action.” The game itself was riveting, as the Cubs pitched seven innings of a no-hitter. An extra inning saw the Brewers fall to the Cubs, 6-3. But fans on both sides celebrated over networking, beverages, a sausage buffet, and of course, Sausage Races! | | |
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June 5: A Hole In One Event!
By Akash Amin, MorrisAnderson
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The TMA Chicago Midwest Chapter and Entertainment committee capped off another great event at the Grand Geneva golf outing! With over 190 registered attendees, this summertime event continues to be one of the most popular networking events of the year featuring beautiful weather, exciting golf, and a diverse group of industry professionals.
Between raffles, split the pot, silent auction and other donations, the group raised $10,635 for the TMA Memorial Scholarship Foundation which was the most in recent years. We thank all of our generous sponsors who made this event possible and look forward to seeing everyone out on the course next year!
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Congratulations to our contest winners!
Brute Course 1st place team:
Eric Baumbach, Fort Dearborn Partners Inc
Rob Cleary, Fort Dearborn Partners Inc
Mitch Regenfuss, CIBC
Sean Crowley, Benesch, Friedlander, Coplan & Aronoff, LLP
Longest Drive: Will Solimene, Big Shoulders Capital
Men’s Closest to the Pin (Sponsored by Harney Partners): Rob Fitzgerald
Women’s Closet to the Pin (Sponsored by Fox Rothschild): Margaret Hickey, CIBC
Highlands Course 1st place team:
Aidan Aberman
Jonathan Aberman, Locke Lord LLP
David Levy, Summit Investment Management and Keen-Summit Capital Partners
Jeffrey Michalczyk, CIBC
Longest Drive: Spencer Wright, Hilco Global
Men’s Closest to the Pin (Sponsored by Levenfeld Pearlstein): Rob Orr, Sandton Capital Partners
Women’s Closet to the Pin (Sponsored by Harney Partners): Margaret Griffin, Somercor
Putting Contest Winners (sponsored by CIBC):
Michael Colloton, First Business Bank Asset-Based Lending
Sean Crowley, Benesch, Friedlander, Coplan & Aronoff, LLP
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June 20: TMA Rocks Out At Summerfest
By Erin West, Godfrey & Kahn
| The annual Milwaukee Summerfest party ROCKED! 100 TMA Chicago/Midwest members and guests joined to socialize, enjoy music of all genres from more than 13 stages, and roam the festival grounds. New fashion statements were made, as a cool lake breeze necessitated some urgent snuggie, sweatshirt, and poncho purchases. After dinner, the group gathered to sing happy birthday to Chapter Secretary and Milwaukee Co-Chair, Erin West, and enjoy a celebratory cake! The evening was capped off with "oohhs" and "aahhs" with a front row seat at our private lakefront deck for the fireworks show. | | | |
TMA SCHOLARSHIP FOUNDATION 2024 WINNERS | | |
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Matthew Brown
Matthew plans on studying Finance at the University of Notre Dame via their Gateway Program. In addition to finance, he is interested in politics and is an avid sports fan, from watching the Bears to following collegiate and professional hockey and lacrosse. He is looking forward to cheering for the Irish in the fall.
His father Marc Brown sponsored his submission, and he is very grateful to the TMA Chicago/Midwest Scholarship Foundation for helping fund his college experience.
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Elisa Luna Favaro
Elisa Luna Favaro was born and raised in Chicago, Illinois as a first-generation Italian. While
attending DePaul College Prep High School, Elisa developed a strong curiosity for International
relations and law, fueling her desire to attend a University across the seas. In the spring, Elisa
was accepted into Bocconi University, one of the top Universities in Europe. She plans on
majoring in Global Law and is on the pre-law track. After graduating, Elisa plans on attending
law school in Northern Europe and eventually working in international corporate law.
Elisa was sponsored by Jamie Cote, her uncle, who has helped her achieve her admittance into Bocconi University through his relentless support and guidance. While always having a strong curiosity for International Relations, Elisa has developed a strong passion for writing. Through her work in her five National Honor Societies, Model UN, and Mock Trial, she has fueled her desire to work in a field where she can write, travel, and ultimately communicate with others.
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Oscar Gawlik
Oscar will be an incoming freshman at DePaul University’s Driehaus College of Business, where he will major in Economics.
His academic achievements while at Whitney Young High School include being recognized as an AP Scholar with Distinction, winning 1st Place in the Personal Finance Competition for FBLA Illinois, founding the Polish Culture Club, and placing 1st in the Capgemini Chicago Business Plan State Competition.
He is extremely grateful to TMA Chicago for providing this scholarship opportunity and for his brother, Milosz Gawlik, for sponsoring him.
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