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Sale of TLO Announced as Winner at the Turnaround Atlas Awards

By: Steve Zuckerman - Date: 07/01/2014

Sale of TLO Announced as Winner at the Turnaround Atlas Awards

Farlie Turner is pleased to announce that the sale of TLO under Section 363 of the Bankruptcy Code to a subsidiary of TransUnion Corporation was recognized as the Special Situation M&A Deal of the Year in the mid-market category by Global M&A Network, a prominent international organization comprised of leading M&A professionals, attorneys, advisors and investors. In addition, Steve Zuckerman, who heads Farlie Turner’s Special Situations Group, was selected as one of the Top 100 Restructuring & Turnaround Professionals for 2014 by the same body.

“The Turnaround Atlas Awards is an opportunity to honor excellence from the restructuring communities. Winners should take pride for effecting a number of successful restructurings, demonstrating their creativity, patience, hard-work and professional talents," said Shanta Kumari, Managing Partner and Chief Executive Officer of Global M&A Network.

TLO, a leading Big Data Analytics and information services firm based in Boca Raton, Florida, was formed in 2009 by Hank Asher, a legendary entrepreneur and pioneer in the data fusion industry.   Upon the untimely death of Mr. Asher, his daughters, Desirée Asher and Carly Asher Yoost, assumed the roles of Co-CEO.  As a result of a highly competitive M&A process and auction, the initial stalking horse bid was increased by nearly $50 million. It is anticipated that all creditors will receive a full recovery and there will be a distribution to equity holders.

“We enjoyed being part of the team that helped facilitate an extraordinary outcome for all involved.  This amazing result could not have been achieved without the strong leadership of Desirée Asher and Carly Asher Yoost, and the tireless efforts and collaboration among the various professionals involved in this case,” commented Steve Zuckerman. 

About Farlie Turner

Farlie Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with FINRA, provide merger and acquisition, private placement and financial advisory services to growth oriented and financially distressed middle market companies. 

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