Hogan Lovells wins Distressed M&A Deal of the Year by M&A Advisor's Turnaround Awards

This win is for our work on the sale and reorganization of Edgio, Inc. The firm advised Akamai Technologies, Inc. (NASDAQ: AKAM), a cybersecurity and cloud computing company, in a successful bid to acquire select assets from Edgio, including certain customer contracts from Edgio’s businesses in content delivery and security, and non-exclusive license rights to patents in Edgio's portfolio. The transaction was led by partners Todd Schwartz (Private Equity & Funds, Silicon Valley) and Alex Aber (M&A, Boston).

The 20th Annual M&A Advisor Turnaround Awards recognize the leading distressed transactions, restructuring, refinancing, products and services, firms, and professionals in the United States and international markets.

“We are honored to be recognized with this award,” said Alex Aber. “This transaction reflects the strength of our market leading M&A and private equity teams, as well as our ability to guide clients through high-stakes situations.”

“Our work on Edgio’s sale and reorganization showcases the firm’s ability to execute sophisticated distressed transactions and cross practice collaboration in key sectors and markets,” added Todd Schwartz.

The awards will be presented as part of the 2026 Distressed Investing Summit and Awards Gala in Palm Beach in March.

A full list of 2026 winners can be found here.

This recognition comes on the heels of last year’s double wins for Industrials Deal of the Year (over US$1 billion) in the Sector Award Category, and Section 363 Sale of the Year (over US$100 million) in the M&A Transaction Category. More information can be found here. This also marks the third consecutive win for partner Todd Schwartz.