CAREER SPOTLIGHT: MARC PFEFFERLE, PARTNER

Marc Pfefferle, Partner, shares how he began his career at Carl Marks Advisors nearly 25 years ago. Did you ever envision this career trajectory when you were studying Engineering at Lehigh University? How did you find your way to restructuring? In college, I could not have imagined having a career at Carl Marks Advisors. I worked for a strategic consulting firm on a distressed private equity deal in which Carl Marks was an investor. I had a lot of fun on that deal, so when they started the consulting group, I joined in…READ MORE >

Online Delivery: The Latest Battleground in Competitive Grocery

  Author: Keith Daniels, Partner Carl Marks Advisors The last few years have been difficult for the brick and mortar retail business, including groceries. Deflation and competition by new international competitors and nontraditional grocery retailers have been driving down margins, causing further reduction in capital available for investment to meet changing consumer preferences for such things as prepared foods and technology-based delivery. It is hard to discuss what is going on with grocery today, as with almost any type of consumer product-oriented business, without Amazon becoming a topic of discussion. While online grocery…READ MORE >

FOOD TECHNOLOGY INNOVATOR GENIE ENTERPRISE RAISES $10 MILLION TO ENTER U.S. MARKET

Provides Restaurant Quality Meals At The Touch of a Button NEW YORK and RISHPON, ISRAEL, April 10, 2018 –  Genie Enterprise Ltd, a food technology company that develops and markets smart ovens that cook healthy, tasty and affordable meals in 2-3 minutes, today announced the successful closing of its Series A round of financing, which was oversubscribed at $10 million. Carl Marks Securities LLC acted as the exclusive financial advisor on the transaction and the firm and its principals are also investors in the business. The capital raised will build Genie’s organization in…READ MORE >

INDUSTRY SNAPSHOT: INNOVATION UNDERWAY IN HEALTHCARE SERVICES

Mark Claster, Partner of Carl Marks Advisors, shares some of his thoughts on how healthcare services will continue to change, and areas that will see change.  Mr. Claster is the chairman of the Board of Trustees of Northwell Health (previously known as the North Shore-LIJ Health System). He also serves on the executive committee of Lenox Hill Hospital and Staten Island University Hospital, among other responsibilities. Q: Has anything surprised you about the rise in nontraditional healthcare service providers – and the shift toward providing more specialized care outside the hospital? Years ago,…READ MORE >