KPMG Corporate Finance LLC`s Vivitar Deal Named Special Situations M&A Deal of the Year at the Turnaround Atlas Awards Gala

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Mon Jun 29, 2009 10:34am EDT

BALTIMORE--(Business Wire)--
KPMG Corporate Finance LLC, an independent, middle-market investment bank,
announced that Sakar International`s acquisition of Vivitar from Syntax-Brillian
Corporation -- a transaction for which KPMG Corporate Finance advised Vivitar --
was a winner of the Turnaround Atlas Awards` Special Situations M&A Deal of the
Year. 

KPMG Corporate Finance was chosen among 33 other winners at the Turnaround Atlas
Awards ceremony, held at the Historic Walnut Room at Hotel Allegro in Chicago on
Monday, June 22, 2009. The awards gala and ceremony, presided by the evening`s
host and master of ceremonies Mr. Jeff Flock, business reporter with FOX
Business News Network, were attended by prominent leaders and executives from
the industry. 

"The Vivitar transaction was a challenge given the speed of the process but was
nonetheless a huge success based upon the value achieved," said Lorie Beers,
managing director with KPMG Corporate Finance LLC`s Special Situations Advisory
Group (SSAG). "We are proud to receive the Atlas award for this deal." 

Shanta Kumari, chief executive officer of Global M&A Network, added: "Today, the
demand for top talent gathered at the Turnaround Atlas Awards gala is vital for
preserving industries, jobs and rebuilding of the American economy and
competitiveness. Winners and finalists can take pride for completing an
impressive array of turnarounds requiring creative collaboration and the very
best from the industry." 

KPMG Corporate Finance conducted a competitive, expedited auction process that
generated interest from several diverse counterparties including liquidators,
private equity firms, and strategic investors. KPMG Corporate Finance met the
objectives of the Company and its Lender by closing a sale in mid-August 2008,
only seven weeks after becoming engaged. KPMG Corporate Finance created the
marketing materials which were distributed to more than 300 potential
counterparties, coordinated management meetings and due diligence, and assisted
the Company and Lender in successfully negotiating a sale to Sakar
International, Inc., a 30-year-old, family-owned consumer electronics
manufacturer based in Edison, New Jersey. Despite the speed of the process, KPMG
Corporate Finance exceeded the value expectations of the Company and Lender. 

About KPMG Corporate Finance LLC

KPMG Corporate Finance provides a full suite of investment banking and advisory
services to its domestic and international clients. Their professionals have the
experience and depth of knowledge in global M&A and project finance to advise
clients on mergers and acquisitions, sales and divestitures, buy-outs,
financings, debt restructurings, equity recapitalizations, fairness opinions,
infrastructure project finance and other advisory initiatives. In addition, KPMG
Corporate Finance remain independent of financing sources, helping to ensure
that our efforts are objective and aligned with the goals of KPMG`s firms`
clients. Operating in 62 countries, KPMG's Corporate Finance practice comprises
more than 2,200 professionals who are able to meet the needs of KPMG's firms`
clients across the globe. In 2008, as a leading financial adviser, KPMG's
Corporate Finance practice completed 390 deals totalling US$51.5 billion,
according to Thomson Reuters` global M&A league tables. 





Allison & Partners
Alyssa Van Wie, 202-223-9260
alyssa@allisonpr.com
or
KPMG Corporate Finance LLC
Irene Vasilakopoulos, 410-949-8733
ivasilakopoulos@kpmg.com

Copyright Business Wire 2009

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