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Cowen Recognized by Global Restructuring and Turnaround Communities

Winner of Boutique Restructuring Investment Bank of the Year and
Special Situation M&A Deal of the Year Awards

Cowen Group, Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today
announced that Cowen and Company recently received two awards at the
Global M&A Network’s 8th Annual Turnaround Atlas Awards:

  • Boutique Restructuring Bank of the Year
  • Special Situation M&A Deal of the Year

These awards honor the achievements of outstanding firms and
professionals within the restructuring, bankruptcy, special situations
and turnaround communities worldwide.

Lorie Beers, Managing Director and Head of Cowen’s Special Situations
Advisory Group
, said, “We are proud to be recognized by the Global M&A
Network for our restructuring and recapitalization advisory services and
to be included among a distinguished list of industry leaders. The
Boutique Restructuring Bank of the Year award reflects Cowen’s
commitment to guiding clients through challenging situations with
thoughtful, tailored solutions and our team’s four decades of balance
sheet advisory experience. The Special Situation M&A Deal of the Year
award recognizes our work as financial advisor to New York Wire in its
acquisition by Phifer Inc., which was accomplished through a 363 sale.”

About Cowen Group, Inc.

Cowen Group, Inc. is a diversified financial services firm and, together
with its consolidated subsidiaries, provides alternative asset
management, investment banking, research, sales and trading and prime
brokerage services through its two business segments: Ramius and its
affiliates make up the Company’s alternative investment segment, while
Cowen and Company and its affiliates make up the Company’s broker-dealer
segment. Ramius provides alternative asset management solutions to a
global client base and manages a significant portion of Cowen’s
proprietary capital. Cowen and Company and its affiliates offer industry
focused investment banking for growth-oriented companies, domain
knowledge-driven research, a sales and trading platform for
institutional investors and a comprehensive suite of prime brokerage
services. Founded in 1918, the firm is headquartered in New York and has
offices worldwide.

Source: Cowen Group, Inc.

For Cowen Group, Inc.
Gagnier Communications
Dan Gagnier,