MelvilleThe New York-based company also shares the “Deal of the Year” award thanks to its portfolio optimization work, offering almost $100 million in savings—on behalf of womenswear retailer Francesca’s.

MELVILLE, NY, July 27, 2022 /PRNewswire/ — A&G Real Estate Partners has been named “Real Estate Restructuring Firm of the Year” at the 14th Annual Global M&A Network Turnaround Atlas Awards.

The July 21 this announcement marked the third consecutive year in which MelvilleNew York-based consulting firm received this honor. A&G specializes in occupancy cost reduction, lease optimization and nationwide real estate sales.

Global M&A Network also recognized A&G for its role in February 2021 Sale under Section 363 of Francesca’s interests to TerraMar Capital, Tiger Capital Group and SB360 Capital. The transaction won the program’s “Special Situation M&A Deal of the Year, Small Middle Markets” award.

HoustonFrancesca’s was about to be liquidated, but optimizing our portfolio on behalf of the chain resulted in real estate savings of almost $100 million,” Noted Emilio Amendola, co-chairman A&G. “That was a major factor in the buyers’ decision to rush in at the last minute and acquire Francesca’s.”

After the deal was completed, the retailer was able to continue running its e-commerce channels as well as 424 stores. “We are proud of our team’s work on this customer commitment and honored to share the award,” Amendola said. During the virtual award ceremony on July 21Global M&A Network has also recognized FTI Capital Advisors, Sierra Constellation Partners, Greenberg Traurig LLP and Cole SchotzPC. for their roles in Francesca’s transaction.

Commenting on A&G’s recognition as “Real Estate Restructuring Company of the Year”, Co-Chair Andy Graiser noted the contrast between 2020 and 2021.

“During the worst days of the pandemic, our team scrambled to secure lease modifications and rent reductions for clients who were struggling to survive,” Graiser explained. “In 2021, we continued to optimize our clients’ portfolio, aligning their occupancy costs with store performance while terminating leases for underperformers. It was a satisfying next step to work with some of these companies to develop and execute real estate growth strategies. We are grateful to receive this industry recognition.”

In total, last year A&G worked on behalf of 31 clients in industries such as restaurants, theaters/entertainment, fitness/gyms, education, office and more. Its teams conducted negotiations on 1,750 leases, obtained occupancy cost reductions on 1,349 and terminations on 396. “We delivered a total of $549 million savings for our customers throughout the year,” noted Graiser. “Consistent with the Survivors shift into growth mode, we executed 25 new store leases for 300,000 square feet of space for retail customers only.

The independently governed Turnaround Atlas Awards recognize value-creating transactions, outstanding companies, professionals and leaders from the global restructuring, insolvency and distressed investor communities. “Winners should be proud of having achieved successful restructurings, proving their creativity, expertise and differentiated talents,” said Shanta KumariCEO and Global Group Editor at Global M&A Network.

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SOURCE A&G Real Estate Partners