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GLENCOE CAPITAL'S KEARNEY RECEIVES CERTIFIED TURNAROUND PROFESSIONAL DESIGNATION
Principal at firm's Michigan-focused fund earns recognition from TMA
(September 7, 2009) Glencoe Capital investment professional Douglas S. Kearney has been awarded the professional designation of Certified Turnaround Professional (CTP) by the Turnaround Management Association (TMA). Kearney is a member of the TMA's Detroit chapter.
Kearney, who joined Glencoe in early 2009, is a Principal with the firm and currently is on the investment team of the Michigan Opportunities Fund, Glencoe's fourth middle-market buyout fund.
The TMA's CTP designation provides an objective measure and recognition of expertise related to workouts, restructurings and corporate renewal. Certified members have met specific standards of education, experience, and professional conduct, and have completed a rigorous examination in financial and managerial accounting and tax, turnaround and crisis management, and bankruptcy and UCC law. CTPs are required to participate in continuing education programs to maintain their certification.
"The CTP designation is the industry's most recognized certification of experienced and skilled turnaround professionals," said the TMA Vice President of Certification and President of its Certification Oversight Committee Michael Feder, CTP. "It is a mark of distinction for professionals who have demonstrated their commitment to the corporate renewal industry and to a high standard of excellence and integrity."
The TMA is the only international non-profit association dedicated to corporate renewal and turnaround management. Members include turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants.
Managed by Glencoe Capital, the Michigan Opportunities Fund invests in companies that show the promise of future growth or where operational improvements will create additional value. Investment targets are lower middle-market companies with EBITDA in excess of $3 million and with minimum equity capital requirements of $10 million.
The Michigan Opportunities Fund has offices in Birmingham, Michigan, and Chicago, Illinois.
For more information, contact:
or
Clovis, Inc.
(312) 346-1700
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