Financial Restructuring
Houlihan Lokey has the largest worldwide financial restructuring practice of any investment banking firm, with offices and experienced professionals located across the globe. Since its inception in 1988, the restructuring group has advised on more than 1,900 restructuring transactions with aggregate debt claims in excess of $4 trillion.
With nearly 300 dedicated restructuring professionals worldwide, our group has a significant global presence. We serve clients domestically and around the world, providing extensive resources to staff each case. Our broad base of clients and extensive experience allow us to understand the dynamics of each restructuring situation and the needs, attitudes, and positions of all parties in interest.
Global Reach
Our group has significant presence domestically and internationally through our offices. We serve clients around the world. In addition to our six U.S. offices, we have dedicated local restructuring teams in:
- Beijing
- Dubai
- Frankfurt
- Hong Kong SAR
- London
- Madrid
- Milan
- Paris
- São Paulo
- Shanghai
- Singapore
- Sydney
No. 1 Global Investment Banking Restructuring Advisor
2025 Global Distressed Debt & Bankruptcy Restructuring Rankings
| ADVISOR | DEALS |
|---|---|
| Houlihan Lokey | 83 |
| PJT Partners | 55 |
| Lazard | 50 |
| Rothschild | 44 |
| Evercore | 33 |
Houlihan Lokey advised major parties-in-interest in 12 of the 15 largest corporate bankruptcies in the U.S.
Advisor in 12 of the 15 Largest Bankruptcies 2000–2025
| Company | Assets ($b) |
|---|---|
| Lehman Brothers Holdings Inc. | 691.1 |
| Washington Mutual Inc.¹ | 327.9 |
| WorldCom Inc. | 103.9 |
| General Motors Corporation | 91.0 |
| CIT Group Inc. | 80.4 |
| PG&E Corporation (Pacific Gas) (2019) | 71.4 |
| Enron Corp. | 65.5 |
| Conseco Inc. | 61.4 |
| Energy Future Holdings Corp. | 41.0 |
| MF Global Holdings Ltd. | 40.5 |
| Chrysler LLC | 39.3 |
| AIG Financial Products Corp. | 37.7 |
| Thornburg Mortgage Inc. | 36.5 |
| Pacific Gas & Electric (2004)² | 36.2 |
| Refco Inc. | 33.3 |
Houlihan Lokey has served as financial advisor to nearly 1,000 companies, developing and implementing a comprehensive financial restructuring transaction on their behalf.
Company AdvisoryHoulihan Lokey has served as financial advisor in nearly 1,000 creditor-side transactions, initiating, structuring, and negotiating on behalf of creditors and their constituents.
Creditor AdvisorySelected Transactions
Contact Us
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Eric Siegert Co-Chairman Global Co-Head of Financial Restructuring
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David Hilty Managing Director Global Co-Head of Financial Restructuring
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Peter Marshall Managing Director Co-Head of Financial Restructuring, EMEA and Asia
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Manuel Martínez-Fidalgo Managing Director Co-Head of Financial Restructuring, EMEA and Asia
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Joseph Swanson Senior Managing Director Co-Head of Financial Restructuring, EMEA and Asia
