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RCS cops award for restructuring of Pacific Sunwear


RCS Real Estate Advisors will receive a Turnaround Award from M&A Advisor later this month for its work in the reorganization of Pacific Sunwear.

In April 2016, PacSun entered into a restructuring support agreement with affiliates of Golden Gate Capital. In September 2016, the company was acquired by Golden Gate Capital after completion of its restructuring and all required actions. RCS will share in the group’s Chapter 11 Reorganization of the Year in the $100 million-$250 million category for its work in restructuring leases for go-forward stores.

“We are extremely pleased to receive these awards and to have been a key part of the team that successfully restructured PacSun,” said Ivan L. Friedman, president and CEO of RCS.

The awards will be presented at a black tie even on March 23 at the Colony Hotel in Palm Beach, Florida.

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