DAK Selected to Represent Official Committee of Unsecured Creditors of Violin Memory.
DAK was selected as the investment bank and financial advisor to the official Committee of Unsecured Creditors in the Chapter 11 bankruptcy case of Silicon Valley tech company Violin Memory, Inc.
Rochelle Park, NJ, January 12, 2017 – DAK was selected as the investment bank and financial advisor to the official Committee of Unsecured Creditors in the Chapter 11 bankruptcy case of Silicon Valley tech company Violin Memory, Inc. Violin Memory is a developer and supplier of differentiated flash-based data storage systems that service the high-speed applications and complex network infrastructures of sophisticated world-wide enterprises. Violin Memory filed for Chapter 11 protection in the United States Bankruptcy Court for the District of Delaware on December 14, 2016. Violin Memory announced that it is pursuing a sale process.
DAK team is led by Sheon Karol, Managing Director, along with Ari Fuchs, Director, and Claudia Levine, Associate.
The Committee selected Cooley as counsel, led by Jay Indyke, Partner, and Elliott Greenleaf as local counsel, led by Rafael X. Zahralddin.
DAK is a leading investment bank serving mid-market privately held businesses in the areas of mergers and acquisitions, business sale, financial restructuring, bankruptcy, capital advisory, valuations and fairness opinions. Since 1984, DAK has executed hundreds of transactions across a wide range of industries, including food, industrial manufacturing and distribution, telecommunications and technology, business services, packaging, consumer products and healthcare. DAK offers a propriety process that allows clients to maximize the value of their business. DAK is headquartered in Rochelle Park, NJ with offices in Philadelphia. www.dakgroup.com
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