MoFo Restructuring Team Recognized by The M&A Advisor

MoFo’s Business Restructuring + Insolvency Group has been chosen for The M&A Advisor’s “Restructuring of the Year” Award in the $250 million to $500 million category for its work advising the Official Committee of Unsecured Creditors of Peer Street, Inc. Peer Street is a California-based real estate investing platform that developed a marketplace connecting borrowers seeking capital to investors looking for real estate-related debt. MoFo led negotiations on the terms of a comprehensive chapter 11 plan that reflected an agreement to run off Peer Street’s remaining loan portfolio, garnered near unanimous acceptance from all voting classes, and was funded by a $20 million exit facility provided by Peer Street’s stakeholders.

The matter was led by partners Benjamin Butterfield and Lorenzo Marinuzzi, along with of counsel Raff Ferraioli and associate Darren Smolarski.

The award will be presented on March 25 during the 19th Annual Turnaround Awards Gala Celebration in Palm Beach, Florida. These prestigious awards celebrate the year’s most impactful distressed M&A transactions, restructurings, refinancings, innovative products and services, and standout firms and dealmakers. 

View the full list of winners.