NEW YORK February 28, 2013 – Carl Marks Advisors, a leading consulting and investment banking advisor to middle market companies, has completed its advisory role in Monitor Group LP’s sale to Deloitte Consulting LLP.

Deloitte Consulting LLP acquired Monitor Group’s U.S. practice, and Monitor Group’s practices in 14 countries outside the U.S. were acquired by member firms of Deloitte Touche Tohmatsu Limited. The transaction was completed in January following approval by the U.S. Bankruptcy Court for the District of Delaware.

Carl Marks Advisors served as Monitor Group’s financial, restructuring and investment banking services advisor throughout the bankruptcy process. The investment banking practice advised on all aspects of the 363 sale auction and the restructuring practice advised on other areas including preparing Debtor-in-Possession budgets, monitoring cash flow, reporting to constituents, and assisting in resolving contractual, employee and vendor-related issues. Ropes & Gray LLP partners Ross Martin, James Wilton and Paul Van Houten served as counsel to the debtor; their expertise and leadership were instrumental to the successful completion of the sale.

“Combining two influential and globally-recognized professional services companies is a complex and sensitive assignment under normal circumstances,” said Marc Pfefferle, Partner at Carl Marks Advisors. “This particular deal highlights Carl Marks Advisors’ combined strengths of providing integrated transaction and advisory services in complex and dynamic situations.”

“We are hugely motivated by the opportunity to service clients with our newly combined strengths,” stated Bansi Nagji, President of Monitor. “Together we are an effective force with distinctive capabilities, and are deeply committed to helping our clients create new value and achieve transformational growth.”

Christopher Wu and Charles Boguslaski led the Carl Marks Advisors investment banking team while Marc Pfefferle led its operational restructuring team.